KVR HR SOLUTIONS: what changed
KVR HR SOLUTIONS
Largest movements
- Cash +€30,217
up €30,217 (+62.4%), from €48,417 to €78,634
mainly Other debts (+€47,765) and Net result for the year (+€28,135)
- Tangible fixed assets +€5,682
up €5,682 (+102%), from €5,563 to €11,245
of which Furniture and vehicles: +€3,567
- Receivables within one year +€4,655
up €4,655 (+10.8%), from €43,220 to €47,875
of which Trade receivables: +€4,719
- Deferred charges and accrued income -€2,463
no longer reported in 2025 (was €2,463)
- Other debts +€47,765
new in 2025: €47,765
- Reserves -€19,630
down €19,630 (-22.3%), from €87,899 to €68,269
- Tax, wage and social debts +€8,940
up €8,940 (+132%), from €6,764 to €15,703
of which Taxes: +€8,940
- Gross operating margin +€26,081
up €26,081 (+145%), from €17,989 to €44,070
- Depreciation +€5,035
up €5,035 (+213%), from €2,366 to €7,401
- Taxes +€4,789
up €4,789 (+135%), from €3,547 to €8,336
- Financial charges -€649
down €649 (-78.3%), from €829 to €180
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 | €99,663 | €137,755 | +€38,092 | +38.2% |
| Fixed assets | 21/28 | €5,563 | €11,245 | +€5,682 | +102% |
| Tangible fixed assets | 22/27 | €5,563 | €11,245 | +€5,682 | +102% |
| Land and buildings | 22 | €372 | €0 | -€372 | -100% |
| Furniture and vehicles | 24 | €5,192 | €8,759 | +€3,567 | +68.7% |
| Other tangible fixed assets | 26 | - | €2,486 | +€2,486 | |
| Current assets | 29/58 | €94,100 | €126,510 | +€32,410 | +34.4% |
| Amounts receivable within one year | 40/41 | €43,220 | €47,875 | +€4,655 | +10.8% |
| Trade receivables | 40 | €12,584 | €17,303 | +€4,719 | +37.5% |
| Other amounts receivable | 41 | €30,636 | €30,572 | -€64 | -0.2% |
| Cash at bank and in hand | 54/58 | €48,417 | €78,634 | +€30,217 | +62.4% |
| Deferred charges and accrued income | 490/1 | €2,463 | - | -€2,463 | |
| Total equity and liabilities | 10/49 | €99,663 | €137,755 | +€38,092 | +38.2% |
| Equity | 10/15 | €92,899 | €73,269 | -€19,630 | -21.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €87,899 | €68,269 | -€19,630 | -22.3% |
| Distributable reserves | 133 | €87,899 | €68,269 | -€19,630 | -22.3% |
| Amounts payable | 17/49 | €6,764 | €64,485 | +€57,722 | +853% |
| Amounts payable within one year | 42/48 | €6,764 | €64,485 | +€57,722 | +853% |
| Trade debts | 44 | €0 | €1,017 | +€1,017 | |
| Suppliers | 440/4 | €0 | €1,017 | +€1,017 | |
| Taxes, remuneration and social security | 45 | €6,764 | €15,703 | +€8,940 | +132% |
| Taxes | 450/3 | €6,764 | €15,703 | +€8,940 | +132% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €47,765 | +€47,765 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,366 | €7,401 | +€5,035 | +213% |
| Other operating charges | 640/8 | €628 | €212 | -€416 | -66.3% |
| Gross operating margin | 9900 | €17,989 | €44,070 | +€26,081 | +145% |
| Operating profit (loss) | 9901 | €14,995 | €36,457 | +€21,462 | +143% |
| Financial income | 75/76B | €1 | €193 | +€192 | +22,892% |
| Recurring financial income | 75 | €1 | €193 | +€192 | +22,892% |
| Financial charges | 65/66B | €829 | €180 | -€649 | -78.3% |
| Recurring financial charges | 65 | €829 | €180 | -€649 | -78.3% |
| Profit (loss) for the period before taxes | 9903 | €14,167 | €36,471 | +€22,303 | +157% |
| Income taxes | 67/77 | €3,547 | €8,336 | +€4,789 | +135% |
| Profit (loss) for the period | 9904 | €10,621 | €28,135 | +€17,514 | +165% |
| Profit (loss) for the period to be appropriated | 9905 | €10,621 | €28,135 | +€17,514 | +165% |
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 1 November 2026 via checked.be.