KVM RENOVATION: 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.
KVM RENOVATION
Largest movements
- Receivables within one year +€32,783
up €32,783 (+214%), from €15,313 to €48,096
of which Trade receivables: +€21,937
- Reserves +€17,000
up €17,000 (+895%), from €1,900 to €18,900
of which Distributable reserves: +€17,000
- Tax, wage and social debts +€7,869
up €7,869 (+81.7%), from €9,627 to €17,496
of which Taxes: +€7,568
- Advances received +€5,281
new in 2025: €5,281
- Other debts +€5,000
up €5,000 (+50.0%), from €10,000 to €15,000
- Trade debts -€3,707
down €3,707 (-10.9%), from €33,943 to €30,236
- Gross operating margin +€10,244
up €10,244 (+16.7%), from €61,222 to €71,466
- Depreciation -€5,514
down €5,514 (-90.8%), from €6,076 to €562
- Other operating charges +€4,486
up €4,486 (+221%), from €2,032 to €6,518
- Staff costs -€3,942
down €3,942 (-16.6%), from €23,756 to €19,815
- Taxes +€3,131
up €3,131 (+56.2%), from €5,575 to €8,706
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 | €113,162 | €144,698 | +€31,537 | +27.9% |
| Fixed assets | 21/28 | €3,195 | €2,633 | -€562 | -17.6% |
| Tangible fixed assets | 22/27 | €2,105 | €1,543 | -€562 | -26.7% |
| Plant, machinery and equipment | 23 | €70 | - | -€70 | |
| Furniture and vehicles | 24 | €2,035 | €1,543 | -€492 | -24.2% |
| Financial fixed assets | 28 | €1,090 | €1,090 | = | 0.0% |
| Current assets | 29/58 | €109,967 | €142,065 | +€32,099 | +29.2% |
| Amounts receivable after more than one year | 29 | €85,000 | €85,000 | = | 0.0% |
| Other amounts receivable | 291 | €85,000 | €85,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,313 | €48,096 | +€32,783 | +214% |
| Trade receivables | 40 | €3,492 | €25,429 | +€21,937 | +628% |
| Other amounts receivable | 41 | €11,821 | €22,667 | +€10,846 | +91.8% |
| Cash at bank and in hand | 54/58 | €9,014 | €8,969 | -€45 | -0.5% |
| Deferred charges and accrued income | 490/1 | €639 | - | -€639 | |
| Total equity and liabilities | 10/49 | €113,162 | €144,698 | +€31,537 | +27.9% |
| Equity | 10/15 | €59,177 | €76,685 | +€17,508 | +29.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,900 | €18,900 | +€17,000 | +895% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | - | €17,000 | +€17,000 | |
| Profit (loss) carried forward | 14 | €51,077 | €51,585 | +€508 | +1.0% |
| Amounts payable | 17/49 | €53,985 | €68,013 | +€14,029 | +26.0% |
| Amounts payable within one year | 42/48 | €53,985 | €68,013 | +€14,029 | +26.0% |
| Financial debts | 43 | €414 | - | -€414 | |
| Credit institutions | 430/8 | €414 | - | -€414 | |
| Trade debts | 44 | €33,943 | €30,236 | -€3,707 | -10.9% |
| Suppliers | 440/4 | €33,943 | €30,236 | -€3,707 | -10.9% |
| Advances received on contracts in progress | 46 | - | €5,281 | +€5,281 | |
| Taxes, remuneration and social security | 45 | €9,627 | €17,496 | +€7,869 | +81.7% |
| Taxes | 450/3 | €7,179 | €14,747 | +€7,568 | +105% |
| Remuneration and social security | 454/9 | €2,448 | €2,749 | +€301 | +12.3% |
| Other amounts payable | 47/48 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Remuneration, social security and pensions | 62 | €23,756 | €19,815 | -€3,942 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,076 | €562 | -€5,514 | -90.8% |
| Other operating charges | 640/8 | €2,032 | €6,518 | +€4,486 | +221% |
| Gross operating margin | 9900 | €61,222 | €71,466 | +€10,244 | +16.7% |
| Operating profit (loss) | 9901 | €29,358 | €44,572 | +€15,214 | +51.8% |
| Financial income | 75/76B | €619 | €619 | +€0 | 0.0% |
| Recurring financial income | 75 | €619 | €619 | +€0 | 0.0% |
| Financial charges | 65/66B | €1,190 | €3,976 | +€2,786 | +234% |
| Recurring financial charges | 65 | €1,190 | €3,976 | +€2,786 | +234% |
| Profit (loss) for the period before taxes | 9903 | €28,787 | €41,214 | +€12,428 | +43.2% |
| Income taxes | 67/77 | €5,575 | €8,706 | +€3,131 | +56.2% |
| Profit (loss) for the period | 9904 | €23,212 | €32,508 | +€9,297 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,212 | €32,508 | +€9,297 | +40.1% |
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 27 October 2026 via checked.be.