KVIK BE: 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.
KVIK BE
Largest movements
- Receivables within one year -€469,066
down €469,066 (-76.4%), from €614,102 to €145,036
of which Other amounts receivable: -€469,066
- Cash +€417,235
up €417,235 (+802.9%), from €51,964 to €469,198
mainly Receivables within one year (+€469,066) and Deferred charges and accrued income (+€9,076)
- Deferred charges and accrued income -€9,076
down €9,076 (-75.4%), from €12,030 to €2,954
- Trade debts -€37,936
down €37,936 (-78.5%), from €48,354 to €10,418
- Tax, wage and social debts -€10,978
down €10,978 (-8.0%), from €137,541 to €126,563
of which Taxes: -€29,161
- Other operating income -€298,342
down €298,342 (-19.5%), from €1.5m to €1.2m
- Depreciation -€127,876
down €127,876 (-100.0%), from €127,876 to €0
- Staff costs -€116,058
down €116,058 (-10.2%), from €1.1m to €1.0m
- Services and other goods -€76,401
down €76,401 (-28.3%), from €270,141 to €193,740
- Financial income -€63,296
down €63,296 (-100.0%), from €63,323 to €27
of which Non-recurring financial income: -€63,213
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.
Cash bridge derived
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 | €678,095 | €622,888 | -€55,207 | -8.1% |
| Fixed assets | 21/28 | €0 | €5,700 | +€5,700 | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | - | €5,700 | +€5,700 | |
| Other financial fixed assets | 284/8 | - | €5,700 | +€5,700 | |
| Amounts receivable and cash guarantees | 285/8 | - | €5,700 | +€5,700 | |
| Current assets | 29/58 | €678,095 | €617,188 | -€60,907 | -9.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | - | = | |
| Goods purchased for resale | 34 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €614,102 | €145,036 | -€469,066 | -76.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €614,102 | €145,036 | -€469,066 | -76.4% |
| Cash at bank and in hand | 54/58 | €51,964 | €469,198 | +€417,235 | +802.9% |
| Deferred charges and accrued income | 490/1 | €12,030 | €2,954 | -€9,076 | -75.4% |
| Total equity and liabilities | 10/49 | €678,095 | €622,888 | -€55,207 | -8.1% |
| Equity | 10/15 | €492,201 | €485,907 | -€6,294 | -1.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €382,201 | €375,907 | -€6,294 | -1.6% |
| Amounts payable | 17/49 | €185,894 | €136,981 | -€48,913 | -26.3% |
| Amounts payable within one year | 42/48 | €185,894 | €136,981 | -€48,913 | -26.3% |
| Trade debts | 44 | €48,354 | €10,418 | -€37,936 | -78.5% |
| Suppliers | 440/4 | €48,354 | €10,418 | -€37,936 | -78.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €137,541 | €126,563 | -€10,978 | -8.0% |
| Taxes | 450/3 | €50,250 | €21,088 | -€29,161 | -58.0% |
| Remuneration and social security | 454/9 | €87,291 | €105,475 | +€18,184 | +20.8% |
| Operating income | 70/76A | €1,583,132 | €1,235,253 | -€347,879 | -22.0% |
| Turnover | 70 | €49,538 | €0 | -€49,538 | -100.0% |
| Other operating income | 74 | €1,533,595 | €1,235,253 | -€298,342 | -19.5% |
| Operating charges | 60/66A | €1,603,028 | €1,220,607 | -€382,421 | -23.9% |
| Goods for resale, raw materials and consumables | 60 | €38,532 | €0 | -€38,532 | -100.0% |
| Purchases | 600/8 | €22,006 | €0 | -€22,006 | -100.0% |
| Change in stocks: decrease (increase) | 609 | €16,526 | €0 | -€16,526 | -100.0% |
| Services and other goods | 61 | €270,141 | €193,740 | -€76,401 | -28.3% |
| Remuneration, social security and pensions | 62 | €1,135,773 | €1,019,715 | -€116,058 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,876 | €0 | -€127,876 | -100.0% |
| Other operating charges | 640/8 | €3,223 | €7,152 | +€3,929 | +121.9% |
| Non-recurring operating charges | 66A | €27,483 | €0 | -€27,483 | -100.0% |
| Operating profit (loss) | 9901 | -€19,895 | €14,647 | +€34,542 | |
| Financial income | 75/76B | €63,323 | €27 | -€63,296 | -100.0% |
| Recurring financial income | 75 | €110 | €27 | -€83 | -75.7% |
| Other financial income | 752/9 | €110 | €27 | -€83 | -75.7% |
| Non-recurring financial income | 76B | €63,213 | €0 | -€63,213 | -100.0% |
| Financial charges | 65/66B | €15,844 | €14,079 | -€1,765 | -11.1% |
| Recurring financial charges | 65 | €15,844 | €14,079 | -€1,765 | -11.1% |
| Debt charges | 650 | €15,630 | €14,077 | -€1,552 | -9.9% |
| Other financial charges | 652/9 | €214 | €2 | -€213 | -99.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €27,583 | €594 | -€26,989 | -97.8% |
| Income taxes | 67/77 | €14,250 | €6,888 | -€7,361 | -51.7% |
| Taxes | 670/3 | €14,250 | €6,900 | -€7,350 | -51.6% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €12 | +€12 | |
| Profit (loss) for the period | 9904 | €13,334 | -€6,294 | -€19,628 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,334 | -€6,294 | -€19,628 |
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 9 October 2026 via checked.be.