KVK TECH: what changed
Two fiscal 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 TECH
Largest movements
- Receivables within one year +€46,364
up €46,364 (+33.5%), from €138,240 to €184,604
of which Trade receivables: +€48,160
- Tangible fixed assets -€12,064
down €12,064 (-25.6%), from €47,168 to €35,104
of which Plant, machinery and equipment: -€10,763
- Stocks and contracts -€6,500
down €6,500 (-62.2%), from €10,451 to €3,951
- Cash +€5,397
up €5,397 (+1466.0%), from €368 to €5,765
mainly Accrued charges and deferred income (+€33,781) and Debts after one year (+€28,130)
- Accrued charges and deferred income +€33,781
new in 2025: €33,781
- Debts after one year +€28,130
up €28,130 (+62.5%), from €44,984 to €73,114
of which Other amounts payable: +€46,089
- Other debts -€19,168
down €19,168 (-73.2%), from €26,168 to €7,000
- Trade debts -€5,684
down €5,684 (-7.6%), from €75,217 to €69,534
- Current portion of long-term debt -€4,541
down €4,541 (-20.0%), from €22,749 to €18,208
- Staff costs +€5,065
up €5,065 (+46.4%), from €10,913 to €15,977
- Gross operating margin +€2,593
up €2,593 (+6.1%), from €42,380 to €44,973
- Other operating charges +€988
up €988 (+97.6%), from €1,012 to €2,000
- Depreciation -€614
down €614 (-4.8%), from €12,678 to €12,064
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 | €196,911 | €230,107 | +€33,196 | +16.9% |
| Fixed assets | 21/28 | €47,852 | €35,788 | -€12,064 | -25.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €47,168 | €35,104 | -€12,064 | -25.6% |
| Plant, machinery and equipment | 23 | €45,218 | €34,455 | -€10,763 | -23.8% |
| Furniture and vehicles | 24 | €1,950 | €649 | -€1,302 | -66.7% |
| Financial fixed assets | 28 | €684 | €684 | = | 0.0% |
| Current assets | 29/58 | €149,059 | €194,320 | +€45,261 | +30.4% |
| Stocks and contracts in progress | 3 | €10,451 | €3,951 | -€6,500 | -62.2% |
| Stocks | 30/36 | €10,451 | €3,951 | -€6,500 | -62.2% |
| Amounts receivable within one year | 40/41 | €138,240 | €184,604 | +€46,364 | +33.5% |
| Trade receivables | 40 | €135,904 | €184,065 | +€48,160 | +35.4% |
| Other amounts receivable | 41 | €2,336 | €539 | -€1,797 | -76.9% |
| Cash at bank and in hand | 54/58 | €368 | €5,765 | +€5,397 | +1466.0% |
| Total equity and liabilities | 10/49 | €196,911 | €230,107 | +€33,196 | +16.9% |
| Equity | 10/15 | €12,116 | €16,313 | +€4,197 | +34.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,600 | €1,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,600 | €1,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,600 | €1,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,316 | €8,513 | +€4,197 | +97.2% |
| Amounts payable | 17/49 | €184,795 | €213,794 | +€29,000 | +15.7% |
| Amounts payable after more than one year | 17 | €44,984 | €73,114 | +€28,130 | +62.5% |
| Financial debts | 170/4 | €26,918 | €8,958 | -€17,959 | -66.7% |
| Other amounts payable | 178/9 | €18,067 | €64,155 | +€46,089 | +255.1% |
| Amounts payable within one year | 42/48 | €139,811 | €106,900 | -€32,911 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €22,749 | €18,208 | -€4,541 | -20.0% |
| Trade debts | 44 | €75,217 | €69,534 | -€5,684 | -7.6% |
| Suppliers | 440/4 | €75,217 | €69,534 | -€5,684 | -7.6% |
| Taxes, remuneration and social security | 45 | €15,677 | €12,158 | -€3,519 | -22.4% |
| Taxes | 450/3 | €12,464 | €10,158 | -€2,306 | -18.5% |
| Remuneration and social security | 454/9 | €3,212 | €2,000 | -€1,212 | -37.7% |
| Other amounts payable | 47/48 | €26,168 | €7,000 | -€19,168 | -73.2% |
| Accrued charges and deferred income | 492/3 | - | €33,781 | +€33,781 | |
| Remuneration, social security and pensions | 62 | €10,913 | €15,977 | +€5,065 | +46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,678 | €12,064 | -€614 | -4.8% |
| Other operating charges | 640/8 | €1,012 | €2,000 | +€988 | +97.6% |
| Gross operating margin | 9900 | €42,380 | €44,973 | +€2,593 | +6.1% |
| Operating profit (loss) | 9901 | €17,777 | €14,931 | -€2,846 | -16.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -89.6% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -89.6% |
| Financial charges | 65/66B | €5,681 | €5,650 | -€31 | -0.6% |
| Recurring financial charges | 65 | €5,681 | €5,650 | -€31 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €12,097 | €9,282 | -€2,815 | -23.3% |
| Income taxes | 67/77 | €5,073 | €5,085 | +€12 | +0.2% |
| Profit (loss) for the period | 9904 | €7,024 | €4,197 | -€2,827 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,024 | €4,197 | -€2,827 | -40.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.