KVP: 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.
KVP
Largest movements
- Tangible fixed assets -€17,448
down €17,448 (-25.7%), from €67,786 to €50,338
- Receivables within one year +€11,340
up €11,340 (+16.5%), from €68,555 to €79,895
of which Trade receivables: +€18,285
- Cash -€5,364
down €5,364 (-91.6%), from €5,855 to €490
mainly Net result for the year (-€20,654) and Receivables within one year (-€11,340)
- Deferred charges and accrued income -€2,478
down €2,478 (-49.3%), from €5,024 to €2,546
- Profit (loss) carried forward -€20,654
down €20,654 (-86.5%), from €23,871 to €3,217
- Other debts +€9,073
up €9,073 (+12.4%), from €73,164 to €82,237
- Tax, wage and social debts +€7,575
up €7,575 (+93.5%), from €8,100 to €15,675
of which Remuneration and social security: +€8,000
- Debts after one year -€6,423
no longer reported in 2025 (was €6,423)
- Trade debts -€3,712
down €3,712 (-77.8%), from €4,771 to €1,059
- Purchases and services -€34,767
down €34,767 (-36.5%), from €95,276 to €60,508
- Turnover -€23,149
down €23,149 (-27.8%), from €83,120 to €59,971
- Gross operating margin +€11,618
up €11,618 (+95.6%), from -€12,155 to -€537
- Depreciation -€4,882
down €4,882 (-21.9%), from €22,330 to €17,448
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 | €147,220 | €133,269 | -€13,951 | -9.5% |
| Fixed assets | 21/28 | €67,786 | €50,338 | -€17,448 | -25.7% |
| Tangible fixed assets | 22/27 | €67,786 | €50,338 | -€17,448 | -25.7% |
| Land and buildings | 22 | €42,329 | €40,938 | -€1,391 | -3.3% |
| Plant, machinery and equipment | 23 | €1,718 | €987 | -€731 | -42.6% |
| Furniture and vehicles | 24 | €7,073 | €0 | -€7,073 | -100% |
| Leasing and similar rights | 25 | €16,667 | €8,412 | -€8,254 | -49.5% |
| Current assets | 29/58 | €79,434 | €82,931 | +€3,497 | +4.4% |
| Amounts receivable within one year | 40/41 | €68,555 | €79,895 | +€11,340 | +16.5% |
| Trade receivables | 40 | €31,391 | €49,677 | +€18,285 | +58.2% |
| Other amounts receivable | 41 | €37,164 | €30,218 | -€6,946 | -18.7% |
| Cash at bank and in hand | 54/58 | €5,855 | €490 | -€5,364 | -91.6% |
| Deferred charges and accrued income | 490/1 | €5,024 | €2,546 | -€2,478 | -49.3% |
| Total equity and liabilities | 10/49 | €147,220 | €133,269 | -€13,951 | -9.5% |
| Equity | 10/15 | €33,871 | €13,217 | -€20,654 | -61.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,871 | €3,217 | -€20,654 | -86.5% |
| Amounts payable | 17/49 | €113,349 | €120,052 | +€6,703 | +5.9% |
| Amounts payable after more than one year | 17 | €6,423 | - | -€6,423 | |
| Financial debts | 170/4 | €6,423 | - | -€6,423 | |
| Amounts payable within one year | 42/48 | €106,926 | €120,052 | +€13,126 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €6,233 | €6,423 | +€190 | +3.1% |
| Financial debts | 43 | €14,658 | €14,658 | = | 0.0% |
| Other loans | 439 | €14,658 | €14,658 | = | 0.0% |
| Trade debts | 44 | €4,771 | €1,059 | -€3,712 | -77.8% |
| Suppliers | 440/4 | €4,771 | €1,059 | -€3,712 | -77.8% |
| Taxes, remuneration and social security | 45 | €8,100 | €15,675 | +€7,575 | +93.5% |
| Taxes | 450/3 | €6,500 | €6,075 | -€425 | -6.5% |
| Remuneration and social security | 454/9 | €1,600 | €9,600 | +€8,000 | +500% |
| Other amounts payable | 47/48 | €73,164 | €82,237 | +€9,073 | +12.4% |
| Turnover | 70 | €83,120 | €59,971 | -€23,149 | -27.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €95,276 | €60,508 | -€34,767 | -36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,330 | €17,448 | -€4,882 | -21.9% |
| Other operating charges | 640/8 | €1,259 | €1,242 | -€17 | -1.3% |
| Gross operating margin | 9900 | -€12,155 | -€537 | +€11,618 | +95.6% |
| Operating profit (loss) | 9901 | -€35,744 | -€19,227 | +€16,517 | +46.2% |
| Financial income | 75/76B | €50 | €15 | -€34 | -69.2% |
| Recurring financial income | 75 | €50 | €15 | -€34 | -69.2% |
| Financial charges | 65/66B | €1,069 | €717 | -€351 | -32.9% |
| Recurring financial charges | 65 | €1,069 | €717 | -€351 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | -€36,763 | -€19,929 | +€16,834 | +45.8% |
| Income taxes | 67/77 | €750 | €725 | -€25 | -3.3% |
| Profit (loss) for the period | 9904 | -€37,513 | -€20,654 | +€16,859 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,513 | -€20,654 | +€16,859 | +44.9% |
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 14 October 2026 via checked.be.