KVO Management Services: 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.
KVO Management Services
Largest movements
- Cash +€44,918
up €44,918 (+215%), from €20,845 to €65,763
mainly Other debts (+€37,136) and Net result for the year (+€25,800)
- Deferred charges and accrued income +€14,887
up €14,887 (+679%), from €2,192 to €17,079
- Tangible fixed assets +€3,027
up €3,027 (+2.3%), from €129,261 to €132,288
of which Plant, machinery and equipment: +€4,577
- Other debts +€37,136
up €37,136 (+344%), from €10,785 to €47,921
- Trade debts +€24,474
up €24,474 (+88.8%), from €27,567 to €52,041
- Tax, wage and social debts +€7,073
up €7,073 (+45.0%), from €15,719 to €22,791
of which Taxes: +€7,057
- Short-term financial debts -€5,851
down €5,851 (-100%), from €5,851 to €0
- Gross operating margin +€8,801
up €8,801 (+12.2%), from €72,017 to €80,818
- Taxes -€8,645
down €8,645 (-55.1%), from €15,690 to €7,045
- Depreciation +€3,235
up €3,235 (+33.1%), from €9,762 to €12,998
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 | €210,378 | €273,210 | +€62,832 | +29.9% |
| Fixed assets | 21/28 | €129,261 | €132,288 | +€3,027 | +2.3% |
| Tangible fixed assets | 22/27 | €129,261 | €132,288 | +€3,027 | +2.3% |
| Land and buildings | 22 | €44,240 | €44,240 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,160 | €11,737 | +€4,577 | +63.9% |
| Furniture and vehicles | 24 | €67,314 | €66,232 | -€1,082 | -1.6% |
| Other tangible fixed assets | 26 | €10,547 | €10,079 | -€467 | -4.4% |
| Current assets | 29/58 | €81,117 | €140,922 | +€59,805 | +73.7% |
| Amounts receivable within one year | 40/41 | €58,080 | €58,080 | = | 0.0% |
| Trade receivables | 40 | €58,080 | €58,080 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,845 | €65,763 | +€44,918 | +215% |
| Deferred charges and accrued income | 490/1 | €2,192 | €17,079 | +€14,887 | +679% |
| Total equity and liabilities | 10/49 | €210,378 | €273,210 | +€62,832 | +29.9% |
| Equity | 10/15 | €150,456 | €150,456 | +€0 | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €145,456 | €145,456 | +€0 | 0.0% |
| Distributable reserves | 133 | €145,456 | €145,456 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €59,922 | €122,754 | +€62,832 | +105% |
| Amounts payable within one year | 42/48 | €59,922 | €122,754 | +€62,832 | +105% |
| Financial debts | 43 | €5,851 | €0 | -€5,851 | -100% |
| Other loans | 439 | €5,851 | €0 | -€5,851 | -100% |
| Trade debts | 44 | €27,567 | €52,041 | +€24,474 | +88.8% |
| Suppliers | 440/4 | €27,567 | €52,041 | +€24,474 | +88.8% |
| Taxes, remuneration and social security | 45 | €15,719 | €22,791 | +€7,073 | +45.0% |
| Taxes | 450/3 | €13,296 | €20,353 | +€7,057 | +53.1% |
| Remuneration and social security | 454/9 | €2,423 | €2,439 | +€16 | +0.6% |
| Other amounts payable | 47/48 | €10,785 | €47,921 | +€37,136 | +344% |
| Non-recurring operating income | 76A | €346 | €0 | -€346 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,762 | €12,998 | +€3,235 | +33.1% |
| Other operating charges | 640/8 | €434 | €517 | +€83 | +19.2% |
| Non-recurring operating charges | 66A | - | €28,416 | +€28,416 | |
| Gross operating margin | 9900 | €72,017 | €80,818 | +€8,801 | +12.2% |
| Operating profit (loss) | 9901 | €61,820 | €38,887 | -€22,933 | -37.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -61.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -61.9% |
| Financial charges | 65/66B | €5,428 | €6,042 | +€614 | +11.3% |
| Recurring financial charges | 65 | €5,428 | €6,042 | +€614 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €56,393 | €32,845 | -€23,548 | -41.8% |
| Income taxes | 67/77 | €15,690 | €7,045 | -€8,645 | -55.1% |
| Profit (loss) for the period | 9904 | €40,703 | €25,800 | -€14,902 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,703 | €25,800 | -€14,902 | -36.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.