KVNL 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.
KVNL Consult
Largest movements
- Cash +€124,940
up €124,940 (+164.1%), from €76,154 to €201,094
mainly Net result for the year (+€83,276) and Tax, wage and social debts (+€25,822)
- Receivables within one year -€12,433
down €12,433 (-63.1%), from €19,693 to €7,260
- Tangible fixed assets -€12,344
down €12,344 (-24.1%), from €51,188 to €38,844
- Profit (loss) carried forward +€83,276
up €83,276 (+111.1%), from €74,947 to €158,223
- Tax, wage and social debts +€25,822
up €25,822 (+97.6%), from €26,450 to €52,272
- Debts after one year -€10,086
down €10,086 (-30.7%), from €32,850 to €22,764
- Gross operating margin +€27,468
up €27,468 (+28.6%), from €96,094 to €123,563
- Taxes +€5,570
up €5,570 (+32.0%), from €17,394 to €22,964
- Depreciation +€1,900
up €1,900 (+16.0%), from €11,873 to €13,773
- Other operating charges -€1,790
down €1,790 (-55.4%), from €3,233 to €1,444
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 | €147,284 | €247,242 | +€99,958 | +67.9% |
| Fixed assets | 21/28 | €51,188 | €38,844 | -€12,344 | -24.1% |
| Tangible fixed assets | 22/27 | €51,188 | €38,844 | -€12,344 | -24.1% |
| Furniture and vehicles | 24 | €51,188 | €38,844 | -€12,344 | -24.1% |
| Current assets | 29/58 | €96,096 | €208,398 | +€112,302 | +116.9% |
| Amounts receivable within one year | 40/41 | €19,693 | €7,260 | -€12,433 | -63.1% |
| Trade receivables | 40 | €19,693 | €7,260 | -€12,433 | -63.1% |
| Cash at bank and in hand | 54/58 | €76,154 | €201,094 | +€124,940 | +164.1% |
| Deferred charges and accrued income | 490/1 | €249 | €44 | -€205 | -82.3% |
| Total equity and liabilities | 10/49 | €147,284 | €247,242 | +€99,958 | +67.9% |
| Equity | 10/15 | €77,947 | €161,223 | +€83,276 | +106.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,947 | €158,223 | +€83,276 | +111.1% |
| Amounts payable | 17/49 | €69,337 | €86,018 | +€16,682 | +24.1% |
| Amounts payable after more than one year | 17 | €32,850 | €22,764 | -€10,086 | -30.7% |
| Financial debts | 170/4 | €32,850 | €22,764 | -€10,086 | -30.7% |
| Amounts payable within one year | 42/48 | €36,486 | €63,254 | +€26,768 | +73.4% |
| Current portion of amounts payable after more than one year | 42 | €8,795 | €9,303 | +€508 | +5.8% |
| Trade debts | 44 | €1,100 | €683 | -€418 | -38.0% |
| Suppliers | 440/4 | €1,100 | €683 | -€418 | -38.0% |
| Taxes, remuneration and social security | 45 | €26,450 | €52,272 | +€25,822 | +97.6% |
| Taxes | 450/3 | €26,450 | €52,272 | +€25,822 | +97.6% |
| Other amounts payable | 47/48 | €141 | €997 | +€855 | +605.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,873 | €13,773 | +€1,900 | +16.0% |
| Other operating charges | 640/8 | €3,233 | €1,444 | -€1,790 | -55.4% |
| Gross operating margin | 9900 | €96,094 | €123,563 | +€27,468 | +28.6% |
| Operating profit (loss) | 9901 | €80,988 | €108,346 | +€27,358 | +33.8% |
| Financial charges | 65/66B | €2,301 | €2,106 | -€195 | -8.5% |
| Recurring financial charges | 65 | €2,301 | €2,106 | -€195 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €78,687 | €106,240 | +€27,553 | +35.0% |
| Income taxes | 67/77 | €17,394 | €22,964 | +€5,570 | +32.0% |
| Profit (loss) for the period | 9904 | €61,292 | €83,276 | +€21,984 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,292 | €83,276 | +€21,984 | +35.9% |
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 9 October 2026 via checked.be.