KVM Management: 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 Management
Largest movements
- Cash +€27,964
up €27,964 (+324.3%), from €8,622 to €36,586
mainly Net result for the year (+€18,816) and Tax, wage and social debts (+€7,243)
- Tangible fixed assets +€3,420
up €3,420 (+67.2%), from €5,088 to €8,508
- Receivables within one year +€1,036
up €1,036 (+12.9%), from €8,039 to €9,075
- Profit (loss) carried forward +€18,816
up €18,816 (+214.8%), from €8,761 to €27,576
- Tax, wage and social debts +€7,243
up €7,243 (+156.3%), from €4,633 to €11,877
- Trade debts +€7,204
up €7,204 (+1685.5%), from €427 to €7,632
- Accrued charges and deferred income -€1,814
down €1,814 (-44.6%), from €4,064 to €2,250
- Other debts +€971
up €971 (+33.9%), from €2,864 to €3,835
- Gross operating margin +€14,685
up €14,685 (+122.0%), from €12,039 to €26,724
- Depreciation +€2,199
up €2,199 (+477.0%), from €461 to €2,660
- Taxes +€2,131
up €2,131 (+77.0%), from €2,767 to €4,899
- Financial charges +€355
new in 2025: €355
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 | €21,749 | €54,169 | +€32,421 | +149.1% |
| Fixed assets | 21/28 | €5,088 | €8,508 | +€3,420 | +67.2% |
| Tangible fixed assets | 22/27 | €5,088 | €8,508 | +€3,420 | +67.2% |
| Furniture and vehicles | 24 | €5,088 | €8,508 | +€3,420 | +67.2% |
| Current assets | 29/58 | €16,660 | €45,661 | +€29,001 | +174.1% |
| Amounts receivable within one year | 40/41 | €8,039 | €9,075 | +€1,036 | +12.9% |
| Trade receivables | 40 | €8,039 | €9,075 | +€1,036 | +12.9% |
| Cash at bank and in hand | 54/58 | €8,622 | €36,586 | +€27,964 | +324.3% |
| Total equity and liabilities | 10/49 | €21,749 | €54,169 | +€32,421 | +149.1% |
| Equity | 10/15 | €9,761 | €28,576 | +€18,816 | +192.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,761 | €27,576 | +€18,816 | +214.8% |
| Amounts payable | 17/49 | €11,988 | €25,593 | +€13,605 | +113.5% |
| Amounts payable within one year | 42/48 | €7,924 | €23,343 | +€15,419 | +194.6% |
| Trade debts | 44 | €427 | €7,632 | +€7,204 | +1685.5% |
| Suppliers | 440/4 | €427 | €7,632 | +€7,204 | +1685.5% |
| Taxes, remuneration and social security | 45 | €4,633 | €11,877 | +€7,243 | +156.3% |
| Taxes | 450/3 | €4,633 | €11,877 | +€7,243 | +156.3% |
| Other amounts payable | 47/48 | €2,864 | €3,835 | +€971 | +33.9% |
| Accrued charges and deferred income | 492/3 | €4,064 | €2,250 | -€1,814 | -44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €461 | €2,660 | +€2,199 | +477.0% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €12,039 | €26,724 | +€14,685 | +122.0% |
| Operating profit (loss) | 9901 | €11,528 | €24,065 | +€12,537 | +108.8% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | - | €355 | +€355 | |
| Recurring financial charges | 65 | - | €355 | +€355 | |
| Profit (loss) for the period before taxes | 9903 | €11,528 | €23,714 | +€12,186 | +105.7% |
| Income taxes | 67/77 | €2,767 | €4,899 | +€2,131 | +77.0% |
| Profit (loss) for the period | 9904 | €8,761 | €18,816 | +€10,055 | +114.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,761 | €18,816 | +€10,055 | +114.8% |
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 3 October 2026 via checked.be.