KVP RISK MANAGEMENT: what changed
KVP RISK MANAGEMENT
Largest movements
- Receivables within one year -€12,500
down €12,500 (-63.2%), from €19,768 to €7,268
- Deferred charges and accrued income +€1,502
up €1,502 (+2,177%), from €69 to €1,571
- Cash +€1,046
up €1,046 (+102%), from €1,023 to €2,069
mainly Receivables within one year (+€12,500) and Other debts (+€2,873)
- Tangible fixed assets +€499
new in 2025: €499
- Profit (loss) carried forward -€12,698
down €12,698, from €3,366 to -€9,332
- Other debts +€2,873
up €2,873 (+17.2%), from €16,677 to €19,550
- Tax, wage and social debts +€225
up €225 (+90.7%), from €248 to €473
- Gross operating margin -€11,106
down €11,106, from €217 to -€10,889
- Depreciation -€7,318
down €7,318 (-99.5%), from €7,357 to €39
- Financial charges +€621
up €621 (+828%), from €75 to €696
- Other operating charges -€280
down €280 (-24.8%), from €1,129 to €849
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,860 | €11,407 | -€9,453 | -45.3% |
| Fixed assets | 21/28 | - | €499 | +€499 | |
| Tangible fixed assets | 22/27 | - | €499 | +€499 | |
| Plant, machinery and equipment | 23 | - | €499 | +€499 | |
| Current assets | 29/58 | €20,860 | €10,908 | -€9,952 | -47.7% |
| Amounts receivable within one year | 40/41 | €19,768 | €7,268 | -€12,500 | -63.2% |
| Other amounts receivable | 41 | €19,768 | €7,268 | -€12,500 | -63.2% |
| Cash at bank and in hand | 54/58 | €1,023 | €2,069 | +€1,046 | +102% |
| Deferred charges and accrued income | 490/1 | €69 | €1,571 | +€1,502 | +2,177% |
| Total equity and liabilities | 10/49 | €20,860 | €11,407 | -€9,453 | -45.3% |
| Equity | 10/15 | €3,866 | -€8,832 | -€12,698 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,366 | -€9,332 | -€12,698 | |
| Amounts payable | 17/49 | €16,994 | €20,239 | +€3,245 | +19.1% |
| Amounts payable within one year | 42/48 | €16,994 | €20,239 | +€3,245 | +19.1% |
| Trade debts | 44 | €69 | €216 | +€147 | +213% |
| Suppliers | 440/4 | €69 | €216 | +€147 | +213% |
| Taxes, remuneration and social security | 45 | €248 | €473 | +€225 | +90.7% |
| Taxes | 450/3 | €248 | €473 | +€225 | +90.7% |
| Other amounts payable | 47/48 | €16,677 | €19,550 | +€2,873 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,357 | €39 | -€7,318 | -99.5% |
| Other operating charges | 640/8 | €1,129 | €849 | -€280 | -24.8% |
| Gross operating margin | 9900 | €217 | -€10,889 | -€11,106 | |
| Operating profit (loss) | 9901 | -€8,269 | -€11,777 | -€3,508 | -42.4% |
| Financial charges | 65/66B | €75 | €696 | +€621 | +828% |
| Recurring financial charges | 65 | €75 | €696 | +€621 | +828% |
| Profit (loss) for the period before taxes | 9903 | -€8,344 | -€12,473 | -€4,129 | -49.5% |
| Income taxes | 67/77 | €248 | €225 | -€23 | -9.3% |
| Profit (loss) for the period | 9904 | -€8,592 | -€12,698 | -€4,106 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,592 | -€12,698 | -€4,106 | -47.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.