KVM Concept: 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.
KVM Concept
Largest movements
- Cash +€11,265
up €11,265 (+38.3%), from €29,436 to €40,701
mainly Net result for the year (+€15,533) and Other debts (+€15,403)
- Receivables within one year +€8,466
up €8,466 (+64.3%), from €13,176 to €21,641
of which Trade receivables: +€9,998
- Deferred charges and accrued income +€1,894
up €1,894 (+116.8%), from €1,621 to €3,515
- Tangible fixed assets -€1,091
down €1,091 (-4.3%), from €25,570 to €24,479
of which Land and buildings: -€1,287
- Other debts +€15,403
up €15,403 (+68.7%), from €22,429 to €37,831
- Trade debts +€7,081
up €7,081 (+270.3%), from €2,619 to €9,700
- Accrued charges and deferred income -€1,921
down €1,921 (-100.0%), from €1,921 to €0
- Gross operating margin +€12,502
up €12,502 (+51.0%), from €24,515 to €37,018
- Taxes +€6,645
up €6,645 (+225.8%), from €2,942 to €9,587
- Financial charges +€5,404
up €5,404, from -€2,877 to €2,526
of which Non-recurring financial charges: +€6,250
- Other operating charges -€653
down €653 (-55.4%), from €1,178 to €525
- Depreciation +€638
up €638 (+7.8%), from €8,208 to €8,846
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 | €79,803 | €100,336 | +€20,533 | +25.7% |
| Fixed assets | 21/28 | €25,570 | €24,479 | -€1,091 | -4.3% |
| Tangible fixed assets | 22/27 | €25,570 | €24,479 | -€1,091 | -4.3% |
| Land and buildings | 22 | €22,510 | €21,223 | -€1,287 | -5.7% |
| Plant, machinery and equipment | 23 | €850 | €470 | -€380 | -44.7% |
| Furniture and vehicles | 24 | €2,210 | €2,786 | +€576 | +26.0% |
| Current assets | 29/58 | €54,233 | €75,857 | +€21,624 | +39.9% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,176 | €21,641 | +€8,466 | +64.3% |
| Trade receivables | 40 | €9,075 | €19,073 | +€9,998 | +110.2% |
| Other amounts receivable | 41 | €4,101 | €2,568 | -€1,532 | -37.4% |
| Cash at bank and in hand | 54/58 | €29,436 | €40,701 | +€11,265 | +38.3% |
| Deferred charges and accrued income | 490/1 | €1,621 | €3,515 | +€1,894 | +116.8% |
| Total equity and liabilities | 10/49 | €79,803 | €100,336 | +€20,533 | +25.7% |
| Equity | 10/15 | €48,528 | €48,528 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,928 | €29,928 | = | 0.0% |
| Distributable reserves | 133 | €29,928 | €29,928 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €31,276 | €51,808 | +€20,533 | +65.6% |
| Amounts payable within one year | 42/48 | €29,355 | €51,808 | +€22,454 | +76.5% |
| Trade debts | 44 | €2,619 | €9,700 | +€7,081 | +270.3% |
| Suppliers | 440/4 | €2,619 | €9,700 | +€7,081 | +270.3% |
| Taxes, remuneration and social security | 45 | €4,306 | €4,277 | -€29 | -0.7% |
| Taxes | 450/3 | €4,306 | €4,277 | -€29 | -0.7% |
| Other amounts payable | 47/48 | €22,429 | €37,831 | +€15,403 | +68.7% |
| Accrued charges and deferred income | 492/3 | €1,921 | €0 | -€1,921 | -100.0% |
| Non-recurring operating income | 76A | - | €336 | +€336 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,208 | €8,846 | +€638 | +7.8% |
| Other operating charges | 640/8 | €1,178 | €525 | -€653 | -55.4% |
| Non-recurring operating charges | 66A | €7,250 | €0 | -€7,250 | -100.0% |
| Gross operating margin | 9900 | €24,515 | €37,018 | +€12,502 | +51.0% |
| Operating profit (loss) | 9901 | €7,879 | €27,647 | +€19,767 | +250.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.3% |
| Financial charges | 65/66B | -€2,877 | €2,526 | +€5,404 | |
| Recurring financial charges | 65 | €3,373 | €2,526 | -€846 | -25.1% |
| Non-recurring financial charges | 66B | -€6,250 | - | +€6,250 | |
| Profit (loss) for the period before taxes | 9903 | €10,757 | €25,120 | +€14,363 | +133.5% |
| Income taxes | 67/77 | €2,942 | €9,587 | +€6,645 | +225.8% |
| Profit (loss) for the period | 9904 | €7,815 | €15,533 | +€7,719 | +98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,815 | €15,533 | +€7,719 | +98.8% |
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 8 October 2026 via checked.be.