KVLC 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.
KVLC Consult
Largest movements
- Current investments +€42,033
up €42,033 (+95.0%), from €44,235 to €86,268
- Cash +€30,460
up €30,460 (+56.9%), from €53,523 to €83,982
mainly Net result for the year (+€54,034) and Receivables within one year (+€15,517)
- Receivables within one year -€15,517
down €15,517 (-35.1%), from €44,243 to €28,727
of which Trade receivables: -€22,516
- Tangible fixed assets -€14,904
down €14,904 (-5.9%), from €254,621 to €239,717
of which Furniture and vehicles: -€8,393
- Profit (loss) carried forward +€54,034
new in 2025: €54,034
- Debts after one year -€12,236
down €12,236 (-7.3%), from €167,516 to €155,279
- Taxes -€5,619
down €5,619 (-28.3%), from €19,855 to €14,236
- Gross operating margin -€5,092
down €5,092 (-5.6%), from €90,176 to €85,084
- Financial income +€3,214
up €3,214 (+149%), from €2,154 to €5,368
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 | €433,294 | €476,616 | +€43,322 | +10.0% |
| Fixed assets | 21/28 | €254,621 | €239,717 | -€14,904 | -5.9% |
| Tangible fixed assets | 22/27 | €254,621 | €239,717 | -€14,904 | -5.9% |
| Land and buildings | 22 | €228,691 | €222,179 | -€6,512 | -2.8% |
| Furniture and vehicles | 24 | €25,930 | €17,538 | -€8,393 | -32.4% |
| Current assets | 29/58 | €178,672 | €236,899 | +€58,227 | +32.6% |
| Amounts receivable after more than one year | 29 | €32,130 | €32,955 | +€825 | +2.6% |
| Other amounts receivable | 291 | €32,130 | €32,955 | +€825 | +2.6% |
| Amounts receivable within one year | 40/41 | €44,243 | €28,727 | -€15,517 | -35.1% |
| Trade receivables | 40 | €42,057 | €19,542 | -€22,516 | -53.5% |
| Other amounts receivable | 41 | €2,186 | €9,185 | +€6,999 | +320% |
| Current investments | 50/53 | €44,235 | €86,268 | +€42,033 | +95.0% |
| Cash at bank and in hand | 54/58 | €53,523 | €83,982 | +€30,460 | +56.9% |
| Deferred charges and accrued income | 490/1 | €4,541 | €4,968 | +€427 | +9.4% |
| Total equity and liabilities | 10/49 | €433,294 | €476,616 | +€43,322 | +10.0% |
| Equity | 10/15 | €242,782 | €296,816 | +€54,034 | +22.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €227,782 | €227,782 | = | 0.0% |
| Distributable reserves | 133 | €227,782 | €227,782 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €54,034 | +€54,034 | |
| Amounts payable | 17/49 | €190,511 | €179,800 | -€10,711 | -5.6% |
| Amounts payable after more than one year | 17 | €167,516 | €155,279 | -€12,236 | -7.3% |
| Financial debts | 170/4 | €167,516 | €155,279 | -€12,236 | -7.3% |
| Amounts payable within one year | 42/48 | €22,996 | €24,521 | +€1,525 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €11,903 | €12,236 | +€334 | +2.8% |
| Trade debts | 44 | €1,341 | €1,858 | +€517 | +38.5% |
| Suppliers | 440/4 | €1,341 | €1,858 | +€517 | +38.5% |
| Taxes, remuneration and social security | 45 | €9,752 | €10,402 | +€650 | +6.7% |
| Taxes | 450/3 | €9,752 | €10,402 | +€650 | +6.7% |
| Other amounts payable | 47/48 | - | €25 | +€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,904 | €14,904 | = | 0.0% |
| Other operating charges | 640/8 | €1,264 | €1,342 | +€78 | +6.2% |
| Gross operating margin | 9900 | €90,176 | €85,084 | -€5,092 | -5.6% |
| Operating profit (loss) | 9901 | €74,008 | €68,838 | -€5,170 | -7.0% |
| Financial income | 75/76B | €2,154 | €5,368 | +€3,214 | +149% |
| Recurring financial income | 75 | €2,154 | €5,368 | +€3,214 | +149% |
| Financial charges | 65/66B | €5,523 | €5,936 | +€413 | +7.5% |
| Recurring financial charges | 65 | €5,523 | €5,936 | +€413 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €70,638 | €68,269 | -€2,369 | -3.4% |
| Income taxes | 67/77 | €19,855 | €14,236 | -€5,619 | -28.3% |
| Profit (loss) for the period | 9904 | €50,783 | €54,034 | +€3,250 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,783 | €54,034 | +€3,250 | +6.4% |
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 23 October 2026 via checked.be.