KVK CONSTRUCT: 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.
KVK CONSTRUCT
Largest movements
- Cash +€37,102
up €37,102 (+181.6%), from €20,432 to €57,534
mainly Depreciation (+€19,178) and Net result for the year (+€15,748)
- Tangible fixed assets -€19,178
down €19,178 (-36.3%), from €52,802 to €33,624
of which Furniture and vehicles: -€17,600
- Receivables within one year -€11,028
down €11,028 (-64.3%), from €17,138 to €6,111
of which Trade receivables: -€8,874
- Deferred charges and accrued income -€7,371
down €7,371 (-90.2%), from €8,170 to €799
- Debts after one year -€16,531
down €16,531 (-51.4%), from €32,138 to €15,607
- Reserves +€15,748
up €15,748 (+38.6%), from €40,796 to €56,543
- Trade debts -€2,333
down €2,333 (-50.7%), from €4,606 to €2,273
- Tax, wage and social debts +€2,277
up €2,277 (+151.8%), from €1,500 to €3,777
- Gross operating margin +€10,866
up €10,866 (+34.8%), from €31,269 to €42,136
- Taxes +€2,902
up €2,902 (+135.5%), from €2,141 to €5,043
- Depreciation -€977
down €977 (-4.8%), from €20,155 to €19,178
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 | €98,542 | €98,068 | -€474 | -0.5% |
| Fixed assets | 21/28 | €52,802 | €33,624 | -€19,178 | -36.3% |
| Tangible fixed assets | 22/27 | €52,802 | €33,624 | -€19,178 | -36.3% |
| Land and buildings | 22 | €1,307 | €974 | -€333 | -25.5% |
| Plant, machinery and equipment | 23 | €545 | €0 | -€545 | -100.0% |
| Furniture and vehicles | 24 | €50,051 | €32,451 | -€17,600 | -35.2% |
| Other tangible fixed assets | 26 | €899 | €199 | -€700 | -77.8% |
| Current assets | 29/58 | €45,740 | €64,444 | +€18,704 | +40.9% |
| Amounts receivable within one year | 40/41 | €17,138 | €6,111 | -€11,028 | -64.3% |
| Trade receivables | 40 | €9,669 | €796 | -€8,874 | -91.8% |
| Other amounts receivable | 41 | €7,469 | €5,315 | -€2,154 | -28.8% |
| Cash at bank and in hand | 54/58 | €20,432 | €57,534 | +€37,102 | +181.6% |
| Deferred charges and accrued income | 490/1 | €8,170 | €799 | -€7,371 | -90.2% |
| Total equity and liabilities | 10/49 | €98,542 | €98,068 | -€474 | -0.5% |
| Equity | 10/15 | €41,296 | €57,043 | +€15,748 | +38.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €40,796 | €56,543 | +€15,748 | +38.6% |
| Distributable reserves | 133 | €40,796 | €56,543 | +€15,748 | +38.6% |
| Amounts payable | 17/49 | €57,247 | €41,025 | -€16,222 | -28.3% |
| Amounts payable after more than one year | 17 | €32,138 | €15,607 | -€16,531 | -51.4% |
| Financial debts | 170/4 | €32,138 | €15,607 | -€16,531 | -51.4% |
| Amounts payable within one year | 42/48 | €25,109 | €25,418 | +€309 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €16,118 | €16,531 | +€413 | +2.6% |
| Trade debts | 44 | €4,606 | €2,273 | -€2,333 | -50.7% |
| Suppliers | 440/4 | €4,606 | €2,273 | -€2,333 | -50.7% |
| Taxes, remuneration and social security | 45 | €1,500 | €3,777 | +€2,277 | +151.8% |
| Taxes | 450/3 | €1,500 | €3,777 | +€2,277 | +151.8% |
| Other amounts payable | 47/48 | €2,886 | €2,837 | -€49 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,155 | €19,178 | -€977 | -4.8% |
| Other operating charges | 640/8 | €676 | €744 | +€68 | +10.0% |
| Gross operating margin | 9900 | €31,269 | €42,136 | +€10,866 | +34.8% |
| Operating profit (loss) | 9901 | €10,438 | €22,214 | +€11,776 | +112.8% |
| Financial income | 75/76B | €10 | €104 | +€93 | +909.2% |
| Recurring financial income | 75 | €10 | €104 | +€93 | +909.2% |
| Financial charges | 65/66B | €1,568 | €1,527 | -€41 | -2.6% |
| Recurring financial charges | 65 | €1,568 | €1,527 | -€41 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €8,880 | €20,791 | +€11,911 | +134.1% |
| Income taxes | 67/77 | €2,141 | €5,043 | +€2,902 | +135.5% |
| Profit (loss) for the period | 9904 | €6,739 | €15,748 | +€9,009 | +133.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,739 | €15,748 | +€9,009 | +133.7% |
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 12 October 2026 via checked.be.