KVN-technics: 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.
KVN-technics
Largest movements
- Cash +€21,549
up €21,549 (+53.9%), from €40,001 to €61,550
mainly Depreciation (+€16,577) and Net result for the year (+€13,609)
- Tangible fixed assets -€16,577
down €16,577 (-12.8%), from €129,444 to €112,867
of which Furniture and vehicles: -€12,977
- Stocks and contracts +€4,691
up €4,691 (+5.1%), from €92,315 to €97,006
of which Contracts in progress: +€4,740
- Receivables within one year -€4,468
down €4,468 (-3.9%), from €115,711 to €111,243
of which Trade receivables: -€5,544
- Reserves +€13,000
up €13,000 (+4.1%), from €315,732 to €328,732
- Debts after one year -€10,324
down €10,324 (-36.2%), from €28,501 to €18,177
- Gross operating margin +€11,478
up €11,478 (+41.6%), from €27,618 to €39,096
- Taxes +€5,801
up €5,801 (+556%), from €1,044 to €6,845
- Financial income +€1,745
up €1,745 (+254%), from €687 to €2,432
- Financial charges -€850
down €850 (-25.2%), from €3,373 to €2,523
- Depreciation -€632
down €632 (-3.7%), from €17,209 to €16,577
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 | €379,354 | €385,356 | +€6,002 | +1.6% |
| Fixed assets | 21/28 | €129,444 | €112,867 | -€16,577 | -12.8% |
| Tangible fixed assets | 22/27 | €129,444 | €112,867 | -€16,577 | -12.8% |
| Land and buildings | 22 | €82,054 | €78,454 | -€3,600 | -4.4% |
| Furniture and vehicles | 24 | €47,390 | €34,413 | -€12,977 | -27.4% |
| Current assets | 29/58 | €249,910 | €272,489 | +€22,579 | +9.0% |
| Stocks and contracts in progress | 3 | €92,315 | €97,006 | +€4,691 | +5.1% |
| Stocks | 30/36 | €69,333 | €69,284 | -€49 | -0.1% |
| Contracts in progress | 37 | €22,982 | €27,722 | +€4,740 | +20.6% |
| Amounts receivable within one year | 40/41 | €115,711 | €111,243 | -€4,468 | -3.9% |
| Trade receivables | 40 | €104,313 | €98,769 | -€5,544 | -5.3% |
| Other amounts receivable | 41 | €11,398 | €12,474 | +€1,076 | +9.4% |
| Cash at bank and in hand | 54/58 | €40,001 | €61,550 | +€21,549 | +53.9% |
| Deferred charges and accrued income | 490/1 | €1,883 | €2,690 | +€807 | +42.9% |
| Total equity and liabilities | 10/49 | €379,354 | €385,356 | +€6,002 | +1.6% |
| Equity | 10/15 | €334,865 | €348,474 | +€13,609 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €315,732 | €328,732 | +€13,000 | +4.1% |
| Distributable reserves | 133 | €315,732 | €328,732 | +€13,000 | +4.1% |
| Profit (loss) carried forward | 14 | €533 | €1,142 | +€609 | +114% |
| Amounts payable | 17/49 | €44,489 | €36,882 | -€7,607 | -17.1% |
| Amounts payable after more than one year | 17 | €28,501 | €18,177 | -€10,324 | -36.2% |
| Financial debts | 170/4 | €28,501 | €18,177 | -€10,324 | -36.2% |
| Amounts payable within one year | 42/48 | €15,988 | €18,705 | +€2,717 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €9,910 | €10,325 | +€415 | +4.2% |
| Trade debts | 44 | €6,078 | €6,780 | +€702 | +11.5% |
| Suppliers | 440/4 | €6,078 | €6,780 | +€702 | +11.5% |
| Taxes, remuneration and social security | 45 | - | €1,600 | +€1,600 | |
| Taxes | 450/3 | - | €1,600 | +€1,600 | |
| Non-recurring operating income | 76A | €6,612 | - | -€6,612 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,209 | €16,577 | -€632 | -3.7% |
| Other operating charges | 640/8 | €2,497 | €1,974 | -€523 | -20.9% |
| Gross operating margin | 9900 | €27,618 | €39,096 | +€11,478 | +41.6% |
| Operating profit (loss) | 9901 | €7,912 | €20,545 | +€12,633 | +160% |
| Financial income | 75/76B | €687 | €2,432 | +€1,745 | +254% |
| Recurring financial income | 75 | €687 | €2,432 | +€1,745 | +254% |
| Financial charges | 65/66B | €3,373 | €2,523 | -€850 | -25.2% |
| Recurring financial charges | 65 | €3,373 | €2,523 | -€850 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €5,226 | €20,454 | +€15,228 | +291% |
| Income taxes | 67/77 | €1,044 | €6,845 | +€5,801 | +556% |
| Profit (loss) for the period | 9904 | €4,182 | €13,609 | +€9,427 | +225% |
| Profit (loss) for the period to be appropriated | 9905 | €4,182 | €13,609 | +€9,427 | +225% |
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 17 October 2026 via checked.be.