kviar: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
kviar
Largest movements
- Tangible fixed assets -€2,817
down €2,817 (-33.8%), from €8,329 to €5,511
of which Furniture and vehicles: -€5,703
- Receivables within one year -€2,372
down €2,372 (-15.5%), from €15,341 to €12,970
of which Trade receivables: -€3,461
- Cash -€1,148
down €1,148 (-34.5%), from €3,328 to €2,180
mainly Tax, wage and social debts (-€5,751) and Other debts (-€3,099)
- Deferred charges and accrued income +€584
up €584 (+146%), from €400 to €984
- Tax, wage and social debts -€5,751
down €5,751 (-89.0%), from €6,466 to €714
of which Taxes: -€3,251
- Other debts -€3,099
down €3,099 (-81.0%), from €3,826 to €727
- Reserves +€2,800
up €2,800 (+57.6%), from €4,860 to €7,660
of which Distributable reserves: +€2,800
- Advances received +€2,500
new in 2025: €2,500
- Current portion of long-term debt -€2,413
no longer reported in 2025 (was €2,413)
- Gross operating margin -€563
down €563 (-4.5%), from €12,623 to €12,060
- Taxes +€405
up €405 (+15.1%), from €2,680 to €3,085
- Financial charges -€365
down €365 (-53.3%), from €686 to €320
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,328 | €22,575 | -€5,753 | -20.3% |
| Fixed assets | 21/28 | €9,259 | €6,441 | -€2,817 | -30.4% |
| Tangible fixed assets | 22/27 | €8,329 | €5,511 | -€2,817 | -33.8% |
| Furniture and vehicles | 24 | €8,329 | €2,626 | -€5,703 | -68.5% |
| Other tangible fixed assets | 26 | - | €2,885 | +€2,885 | |
| Financial fixed assets | 28 | €930 | €930 | = | 0.0% |
| Current assets | 29/58 | €19,069 | €16,134 | -€2,935 | -15.4% |
| Amounts receivable within one year | 40/41 | €15,341 | €12,970 | -€2,372 | -15.5% |
| Trade receivables | 40 | €13,006 | €9,546 | -€3,461 | -26.6% |
| Other amounts receivable | 41 | €2,335 | €3,424 | +€1,089 | +46.6% |
| Cash at bank and in hand | 54/58 | €3,328 | €2,180 | -€1,148 | -34.5% |
| Deferred charges and accrued income | 490/1 | €400 | €984 | +€584 | +146% |
| Total equity and liabilities | 10/49 | €28,328 | €22,575 | -€5,753 | -20.3% |
| Equity | 10/15 | €14,211 | €17,148 | +€2,938 | +20.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,860 | €7,660 | +€2,800 | +57.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €5,800 | +€2,800 | +93.3% |
| Profit (loss) carried forward | 14 | €3,151 | €3,288 | +€138 | +4.4% |
| Amounts payable | 17/49 | €14,117 | €5,427 | -€8,690 | -61.6% |
| Amounts payable after more than one year | 17 | €1,048 | €1,048 | = | 0.0% |
| Financial debts | 170/4 | €1,048 | €1,048 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,069 | €4,379 | -€8,690 | -66.5% |
| Current portion of amounts payable after more than one year | 42 | €2,413 | - | -€2,413 | |
| Trade debts | 44 | €365 | €438 | +€73 | +19.9% |
| Suppliers | 440/4 | €365 | €438 | +€73 | +19.9% |
| Advances received on contracts in progress | 46 | - | €2,500 | +€2,500 | |
| Taxes, remuneration and social security | 45 | €6,466 | €714 | -€5,751 | -89.0% |
| Taxes | 450/3 | €3,966 | €714 | -€3,251 | -82.0% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €3,826 | €727 | -€3,099 | -81.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,710 | €5,717 | +€7 | +0.1% |
| Gross operating margin | 9900 | €12,623 | €12,060 | -€563 | -4.5% |
| Operating profit (loss) | 9901 | €6,913 | €6,343 | -€570 | -8.2% |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €686 | €320 | -€365 | -53.3% |
| Recurring financial charges | 65 | €686 | €320 | -€365 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €6,245 | €6,022 | -€222 | -3.6% |
| Income taxes | 67/77 | €2,680 | €3,085 | +€405 | +15.1% |
| Profit (loss) for the period | 9904 | €3,565 | €2,938 | -€627 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,565 | €2,938 | -€627 | -17.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.