KVS: what changed
Two fiscal 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.
KVS
Largest movements
- Receivables within one year +€18,782
up €18,782 (+149.0%), from €12,608 to €31,389
- Cash -€14,347
down €14,347 (-60.1%), from €23,882 to €9,534
mainly Receivables within one year (-€18,782) and Trade debts (-€14,956)
- Profit (loss) carried forward +€15,256
up €15,256 (+39.1%), from -€39,062 to -€23,806
- Trade debts -€14,956
down €14,956 (-100.0%), from €14,956 to €0
- Tax, wage and social debts +€4,879
up €4,879 (+13.9%), from €35,101 to €39,980
of which Remuneration and social security: +€4,517
- Other debts -€745
down €745 (-3.7%), from €20,294 to €19,549
- Gross operating margin -€8,558
down €8,558 (-19.6%), from €43,736 to €35,179
- Staff costs -€3,009
down €3,009 (-14.7%), from €20,522 to €17,513
- Other operating charges -€1,517
down €1,517 (-68.8%), from €2,205 to €688
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.
Cash bridge derived
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 | €58,098 | €62,533 | +€4,435 | +7.6% |
| Fixed assets | 21/28 | €18,568 | €18,568 | = | 0.0% |
| Tangible fixed assets | 22/27 | €9,616 | €9,616 | = | 0.0% |
| Plant, machinery and equipment | 23 | €673 | €673 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €8,944 | €8,944 | = | 0.0% |
| Financial fixed assets | 28 | €8,951 | €8,951 | = | 0.0% |
| Current assets | 29/58 | €39,530 | €43,965 | +€4,435 | +11.2% |
| Stocks and contracts in progress | 3 | €3,041 | €3,041 | = | 0.0% |
| Stocks | 30/36 | €3,041 | €3,041 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,608 | €31,389 | +€18,782 | +149.0% |
| Other amounts receivable | 41 | €12,608 | €31,389 | +€18,782 | +149.0% |
| Cash at bank and in hand | 54/58 | €23,882 | €9,534 | -€14,347 | -60.1% |
| Total equity and liabilities | 10/49 | €58,098 | €62,533 | +€4,435 | +7.6% |
| Equity | 10/15 | -€12,252 | €3,004 | +€15,256 | |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €18,750 | €18,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,062 | -€23,806 | +€15,256 | +39.1% |
| Amounts payable | 17/49 | €70,350 | €59,529 | -€10,821 | -15.4% |
| Amounts payable within one year | 42/48 | €70,350 | €59,529 | -€10,821 | -15.4% |
| Trade debts | 44 | €14,956 | €0 | -€14,956 | -100.0% |
| Suppliers | 440/4 | €14,956 | €0 | -€14,956 | -100.0% |
| Taxes, remuneration and social security | 45 | €35,101 | €39,980 | +€4,879 | +13.9% |
| Taxes | 450/3 | €4,555 | €4,917 | +€362 | +7.9% |
| Remuneration and social security | 454/9 | €30,546 | €35,063 | +€4,517 | +14.8% |
| Other amounts payable | 47/48 | €20,294 | €19,549 | -€745 | -3.7% |
| Remuneration, social security and pensions | 62 | €20,522 | €17,513 | -€3,009 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150 | - | -€150 | |
| Other operating charges | 640/8 | €2,205 | €688 | -€1,517 | -68.8% |
| Gross operating margin | 9900 | €43,736 | €35,179 | -€8,558 | -19.6% |
| Operating profit (loss) | 9901 | €20,859 | €16,978 | -€3,881 | -18.6% |
| Financial charges | 65/66B | €1,940 | €1,722 | -€218 | -11.2% |
| Recurring financial charges | 65 | €1,940 | €1,722 | -€218 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €18,919 | €15,256 | -€3,663 | -19.4% |
| Profit (loss) for the period | 9904 | €18,919 | €15,256 | -€3,663 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,919 | €15,256 | -€3,663 | -19.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.