KVP TRADING: 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 TRADING
Largest movements
- Receivables within one year +€6,076
up €6,076 (+651%), from €933 to €7,010
of which Trade receivables: +€6,420
- Other debts -€7,756
down €7,756 (-4.0%), from €194,470 to €186,715
- Reserves +€7,610
up €7,610 (+7.1%), from €106,824 to €114,434
of which Distributable reserves: +€7,610
- Gross operating margin -€1,938
down €1,938 (-13.8%), from €14,091 to €12,153
- Staff costs -€1,530
no longer reported in 2025 (was €1,530)
- Other operating charges -€495
down €495 (-48.8%), from €1,014 to €520
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 | €383,557 | €386,753 | +€3,196 | +0.8% |
| Fixed assets | 21/28 | €378,709 | €378,667 | -€42 | 0.0% |
| Tangible fixed assets | 22/27 | €709 | €667 | -€42 | -5.9% |
| Plant, machinery and equipment | 23 | €709 | €667 | -€42 | -5.9% |
| Financial fixed assets | 28 | €378,000 | €378,000 | = | 0.0% |
| Current assets | 29/58 | €4,848 | €8,086 | +€3,238 | +66.8% |
| Amounts receivable within one year | 40/41 | €933 | €7,010 | +€6,076 | +651% |
| Trade receivables | 40 | €590 | €7,010 | +€6,420 | +1,089% |
| Other amounts receivable | 41 | €344 | - | -€344 | |
| Cash at bank and in hand | 54/58 | €3,915 | €1,077 | -€2,838 | -72.5% |
| Total equity and liabilities | 10/49 | €383,557 | €386,753 | +€3,196 | +0.8% |
| Equity | 10/15 | €119,224 | €126,839 | +€7,615 | +6.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €106,824 | €114,434 | +€7,610 | +7.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €104,964 | €112,574 | +€7,610 | +7.3% |
| Profit (loss) carried forward | 14 | €1 | €5 | +€5 | +733% |
| Amounts payable | 17/49 | €264,333 | €259,914 | -€4,419 | -1.7% |
| Amounts payable after more than one year | 17 | €62,722 | €63,542 | +€820 | +1.3% |
| Financial debts | 170/4 | €62,722 | €63,542 | +€820 | +1.3% |
| Amounts payable within one year | 42/48 | €201,611 | €196,373 | -€5,238 | -2.6% |
| Trade debts | 44 | €909 | €1,154 | +€245 | +26.9% |
| Suppliers | 440/4 | €909 | €1,154 | +€245 | +26.9% |
| Taxes, remuneration and social security | 45 | €6,232 | €8,504 | +€2,273 | +36.5% |
| Taxes | 450/3 | €6,232 | €6,652 | +€420 | +6.7% |
| Remuneration and social security | 454/9 | - | €1,852 | +€1,852 | |
| Other amounts payable | 47/48 | €194,470 | €186,715 | -€7,756 | -4.0% |
| Remuneration, social security and pensions | 62 | €1,530 | - | -€1,530 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42 | €42 | = | 0.0% |
| Other operating charges | 640/8 | €1,014 | €520 | -€495 | -48.8% |
| Gross operating margin | 9900 | €14,091 | €12,153 | -€1,938 | -13.8% |
| Operating profit (loss) | 9901 | €11,505 | €11,591 | +€86 | +0.8% |
| Financial charges | 65/66B | €874 | €841 | -€34 | -3.9% |
| Recurring financial charges | 65 | €874 | €841 | -€34 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €10,630 | €10,750 | +€120 | +1.1% |
| Income taxes | 67/77 | €3,250 | €3,136 | -€115 | -3.5% |
| Profit (loss) for the period | 9904 | €7,380 | €7,615 | +€235 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,380 | €7,615 | +€235 | +3.2% |
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 30 October 2026 via checked.be.