KVK TRANS: 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 TRANS
Largest movements
- Tangible fixed assets -€73,577
down €73,577 (-70.0%), from €105,181 to €31,604
of which Leasing and similar rights: -€69,921
- Cash +€21,935
new in 2025: €21,935
mainly Depreciation (+€75,547) and Net result for the year (+€28,308)
- Deferred charges and accrued income -€2,435
down €2,435 (-21.2%), from €11,493 to €9,058
- Current portion of long-term debt -€49,616
down €49,616 (-64.5%), from €76,934 to €27,318
- Debts after one year -€27,318
down €27,318 (-88.1%), from €31,008 to €3,691
- Tax, wage and social debts +€22,680
up €22,680 (+225%), from €10,059 to €32,739
of which Taxes: +€18,030
- Trade debts -€18,262
down €18,262 (-54.0%), from €33,830 to €15,568
- Profit (loss) carried forward +€16,802
up €16,802, from -€16,802 to €0
- Gross operating margin -€42,666
down €42,666 (-18.9%), from €225,794 to €183,128
- Staff costs -€13,702
down €13,702 (-20.1%), from €68,300 to €54,598
- Taxes +€13,174
up €13,174 (+10,343%), from €127 to €13,301
- Depreciation -€7,032
down €7,032 (-8.5%), from €82,580 to €75,547
- Financial charges -€6,942
down €6,942 (-55.2%), from €12,568 to €5,626
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 | €184,525 | €129,072 | -€55,453 | -30.1% |
| Fixed assets | 21/28 | €110,881 | €37,304 | -€73,577 | -66.4% |
| Tangible fixed assets | 22/27 | €105,181 | €31,604 | -€73,577 | -70.0% |
| Furniture and vehicles | 24 | €10,194 | €6,538 | -€3,656 | -35.9% |
| Leasing and similar rights | 25 | €94,987 | €25,066 | -€69,921 | -73.6% |
| Financial fixed assets | 28 | €5,700 | €5,700 | = | 0.0% |
| Current assets | 29/58 | €73,645 | €91,768 | +€18,123 | +24.6% |
| Amounts receivable within one year | 40/41 | €62,152 | €60,775 | -€1,376 | -2.2% |
| Trade receivables | 40 | €61,480 | €59,207 | -€2,273 | -3.7% |
| Other amounts receivable | 41 | €672 | €1,568 | +€896 | +133% |
| Cash at bank and in hand | 54/58 | - | €21,935 | +€21,935 | |
| Deferred charges and accrued income | 490/1 | €11,493 | €9,058 | -€2,435 | -21.2% |
| Total equity and liabilities | 10/49 | €184,525 | €129,072 | -€55,453 | -30.1% |
| Equity | 10/15 | €6,472 | €34,780 | +€28,308 | +437% |
| Contributions | 10/11 | €10,600 | €10,600 | = | 0.0% |
| Reserves | 13 | €12,674 | €24,180 | +€11,506 | +90.8% |
| Distributable reserves | 133 | €12,674 | €24,180 | +€11,506 | +90.8% |
| Profit (loss) carried forward | 14 | -€16,802 | €0 | +€16,802 | |
| Amounts payable | 17/49 | €178,053 | €94,292 | -€83,761 | -47.0% |
| Amounts payable after more than one year | 17 | €31,008 | €3,691 | -€27,318 | -88.1% |
| Financial debts | 170/4 | €31,008 | €3,691 | -€27,318 | -88.1% |
| Amounts payable within one year | 42/48 | €147,045 | €90,602 | -€56,443 | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €76,934 | €27,318 | -€49,616 | -64.5% |
| Financial debts | 43 | €386 | €0 | -€386 | -100% |
| Credit institutions | 430/8 | €386 | €0 | -€386 | -100% |
| Trade debts | 44 | €33,830 | €15,568 | -€18,262 | -54.0% |
| Suppliers | 440/4 | €33,830 | €15,568 | -€18,262 | -54.0% |
| Taxes, remuneration and social security | 45 | €10,059 | €32,739 | +€22,680 | +225% |
| Taxes | 450/3 | €6,695 | €24,725 | +€18,030 | +269% |
| Remuneration and social security | 454/9 | €3,364 | €8,014 | +€4,650 | +138% |
| Other amounts payable | 47/48 | €25,836 | €14,977 | -€10,859 | -42.0% |
| Non-recurring operating income | 76A | €15,124 | €0 | -€15,124 | -100% |
| Remuneration, social security and pensions | 62 | €68,300 | €54,598 | -€13,702 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,580 | €75,547 | -€7,032 | -8.5% |
| Other operating charges | 640/8 | €8,072 | €5,753 | -€2,318 | -28.7% |
| Gross operating margin | 9900 | €225,794 | €183,128 | -€42,666 | -18.9% |
| Operating profit (loss) | 9901 | €66,842 | €47,229 | -€19,613 | -29.3% |
| Financial income | 75/76B | €0 | €6 | +€6 | +11,220% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +11,220% |
| Financial charges | 65/66B | €12,568 | €5,626 | -€6,942 | -55.2% |
| Recurring financial charges | 65 | €12,568 | €5,626 | -€6,942 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | €54,274 | €41,609 | -€12,665 | -23.3% |
| Income taxes | 67/77 | €127 | €13,301 | +€13,174 | +10,343% |
| Profit (loss) for the period | 9904 | €54,146 | €28,308 | -€25,839 | -47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,146 | €28,308 | -€25,839 | -47.7% |
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 25 October 2026 via checked.be.