KVL CONSULT: 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.
KVL CONSULT
Largest movements
- Receivables within one year +€5,401
up €5,401 (+26.7%), from €20,243 to €25,644
of which Other amounts receivable: +€9,901
- Tangible fixed assets -€4,856
down €4,856 (-26.3%), from €18,456 to €13,601
of which Furniture and vehicles: -€4,856
- Cash +€3,118
up €3,118 (+30.4%), from €10,253 to €13,372
mainly Depreciation (+€5,672) and Net result for the year (+€2,259)
- Deferred charges and accrued income +€1,586
up €1,586 (+55.6%), from €2,855 to €4,441
- Profit (loss) carried forward +€2,259
up €2,259 (+4.3%), from €52,495 to €54,754
- Tax, wage and social debts +€2,065
up €2,065 (+106%), from €1,952 to €4,017
- Trade debts +€1,076
up €1,076 (+10.6%), from €10,152 to €11,229
- Financial income -€98,691
down €98,691 (-98.4%), from €100,294 to €1,603
of which Non-recurring financial income: -€100,000
- Gross operating margin -€24,213
down €24,213 (-71.4%), from €33,915 to €9,702
- Taxes +€999
up €999, from -€18 to €980
- Financial charges +€781
up €781 (+91.8%), from €851 to €1,632
- Depreciation -€668
down €668 (-10.5%), from €6,340 to €5,672
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 | €73,532 | €78,933 | +€5,400 | +7.3% |
| Fixed assets | 21/28 | €18,456 | €13,601 | -€4,856 | -26.3% |
| Tangible fixed assets | 22/27 | €18,456 | €13,601 | -€4,856 | -26.3% |
| Furniture and vehicles | 24 | €13,916 | €9,061 | -€4,856 | -34.9% |
| Other tangible fixed assets | 26 | €4,540 | €4,540 | = | 0.0% |
| Current assets | 29/58 | €55,076 | €65,332 | +€10,256 | +18.6% |
| Amounts receivable within one year | 40/41 | €20,243 | €25,644 | +€5,401 | +26.7% |
| Trade receivables | 40 | €5,127 | €627 | -€4,500 | -87.8% |
| Other amounts receivable | 41 | €15,116 | €25,017 | +€9,901 | +65.5% |
| Current investments | 50/53 | €21,725 | €21,875 | +€150 | +0.7% |
| Cash at bank and in hand | 54/58 | €10,253 | €13,372 | +€3,118 | +30.4% |
| Deferred charges and accrued income | 490/1 | €2,855 | €4,441 | +€1,586 | +55.6% |
| Total equity and liabilities | 10/49 | €73,532 | €78,933 | +€5,400 | +7.3% |
| Equity | 10/15 | €60,555 | €62,814 | +€2,259 | +3.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,495 | €54,754 | +€2,259 | +4.3% |
| Amounts payable | 17/49 | €12,977 | €16,119 | +€3,141 | +24.2% |
| Amounts payable within one year | 42/48 | €12,104 | €15,245 | +€3,141 | +26.0% |
| Trade debts | 44 | €10,152 | €11,229 | +€1,076 | +10.6% |
| Suppliers | 440/4 | €10,152 | €11,229 | +€1,076 | +10.6% |
| Taxes, remuneration and social security | 45 | €1,952 | €4,017 | +€2,065 | +106% |
| Taxes | 450/3 | €1,952 | €4,017 | +€2,065 | +106% |
| Accrued charges and deferred income | 492/3 | €873 | €873 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,340 | €5,672 | -€668 | -10.5% |
| Other operating charges | 640/8 | €734 | €761 | +€27 | +3.7% |
| Non-recurring operating charges | 66A | €100,000 | - | -€100,000 | |
| Gross operating margin | 9900 | €33,915 | €9,702 | -€24,213 | -71.4% |
| Operating profit (loss) | 9901 | -€73,159 | €3,269 | +€76,428 | |
| Financial income | 75/76B | €100,294 | €1,603 | -€98,691 | -98.4% |
| Recurring financial income | 75 | €294 | €1,603 | +€1,309 | +445% |
| Non-recurring financial income | 76B | €100,000 | - | -€100,000 | |
| Financial charges | 65/66B | €851 | €1,632 | +€781 | +91.8% |
| Recurring financial charges | 65 | €851 | €1,632 | +€781 | +91.8% |
| Profit (loss) for the period before taxes | 9903 | €26,284 | €3,239 | -€23,045 | -87.7% |
| Income taxes | 67/77 | -€18 | €980 | +€999 | |
| Profit (loss) for the period | 9904 | €26,302 | €2,259 | -€24,043 | -91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,302 | €2,259 | -€24,043 | -91.4% |
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 15 October 2026 via checked.be.