KVK-Projects: 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-Projects
Largest movements
- Cash +€141,761
up €141,761 (+578.0%), from €24,526 to €166,287
mainly Other debts (+€142,064) and Receivables within one year (+€76,464)
- Receivables within one year -€76,464
down €76,464 (-62.0%), from €123,407 to €46,943
of which Other amounts receivable: -€101,692
- Deferred charges and accrued income +€4,351
up €4,351 (+6225.8%), from €70 to €4,421
- Tangible fixed assets -€2,737
down €2,737 (-25.5%), from €10,714 to €7,978
of which Furniture and vehicles: -€1,865
- Other debts +€142,064
up €142,064 (+253.2%), from €56,104 to €198,168
- Reserves -€83,506
down €83,506 (-100.0%), from €83,506 to €0
- Tax, wage and social debts +€9,763
up €9,763 (+86.6%), from €11,277 to €21,039
- Gross operating margin +€28,636
up €28,636 (+56.1%), from €51,040 to €79,676
- Taxes +€8,954
up €8,954 (+100.9%), from €8,876 to €17,830
- Depreciation -€7,545
down €7,545 (-61.0%), from €12,366 to €4,821
- Financial income +€1,020
up €1,020 (+44.5%), from €2,292 to €3,312
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 | €158,717 | €225,629 | +€66,911 | +42.2% |
| Fixed assets | 21/28 | €10,714 | €7,978 | -€2,737 | -25.5% |
| Tangible fixed assets | 22/27 | €10,714 | €7,978 | -€2,737 | -25.5% |
| Plant, machinery and equipment | 23 | €872 | €0 | -€872 | -100.0% |
| Furniture and vehicles | 24 | €9,842 | €7,978 | -€1,865 | -18.9% |
| Current assets | 29/58 | €148,003 | €217,651 | +€69,648 | +47.1% |
| Amounts receivable within one year | 40/41 | €123,407 | €46,943 | -€76,464 | -62.0% |
| Trade receivables | 40 | €12,359 | €37,588 | +€25,228 | +204.1% |
| Other amounts receivable | 41 | €111,048 | €9,355 | -€101,692 | -91.6% |
| Cash at bank and in hand | 54/58 | €24,526 | €166,287 | +€141,761 | +578.0% |
| Deferred charges and accrued income | 490/1 | €70 | €4,421 | +€4,351 | +6225.8% |
| Total equity and liabilities | 10/49 | €158,717 | €225,629 | +€66,911 | +42.2% |
| Equity | 10/15 | €88,506 | €5,000 | -€83,506 | -94.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €83,506 | €0 | -€83,506 | -100.0% |
| Distributable reserves | 133 | €83,506 | €0 | -€83,506 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €70,212 | €220,629 | +€150,417 | +214.2% |
| Amounts payable within one year | 42/48 | €70,109 | €220,575 | +€150,466 | +214.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,729 | €1,368 | -€1,361 | -49.9% |
| Suppliers | 440/4 | €2,729 | €1,368 | -€1,361 | -49.9% |
| Taxes, remuneration and social security | 45 | €11,277 | €21,039 | +€9,763 | +86.6% |
| Taxes | 450/3 | €11,277 | €21,039 | +€9,763 | +86.6% |
| Other amounts payable | 47/48 | €56,104 | €198,168 | +€142,064 | +253.2% |
| Accrued charges and deferred income | 492/3 | €102 | €53 | -€49 | -47.9% |
| Non-recurring operating income | 76A | - | €6,283 | +€6,283 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,366 | €4,821 | -€7,545 | -61.0% |
| Other operating charges | 640/8 | €1,096 | €1,473 | +€377 | +34.4% |
| Gross operating margin | 9900 | €51,040 | €79,676 | +€28,636 | +56.1% |
| Operating profit (loss) | 9901 | €37,578 | €73,382 | +€35,804 | +95.3% |
| Financial income | 75/76B | €2,292 | €3,312 | +€1,020 | +44.5% |
| Recurring financial income | 75 | €2,292 | €3,312 | +€1,020 | +44.5% |
| Financial charges | 65/66B | €246 | €696 | +€450 | +182.8% |
| Recurring financial charges | 65 | €246 | €696 | +€450 | +182.8% |
| Profit (loss) for the period before taxes | 9903 | €39,623 | €75,998 | +€36,375 | +91.8% |
| Income taxes | 67/77 | €8,876 | €17,830 | +€8,954 | +100.9% |
| Profit (loss) for the period | 9904 | €30,747 | €58,168 | +€27,420 | +89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,747 | €58,168 | +€27,420 | +89.2% |
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 10 October 2026 via checked.be.