KVS CO: 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 CO
Largest movements
- Tangible fixed assets +€229,675
up €229,675 (+422.2%), from €54,394 to €284,069
of which Land and buildings: +€194,535
- Receivables within one year +€21,522
up €21,522 (+126.7%), from €16,983 to €38,506
of which Trade receivables: +€25,123
- Intangible fixed assets +€17,384
new in 2025: €17,384
- Debts after one year +€146,636
new in 2025: €146,636
- Other debts +€44,813
up €44,813 (+706.7%), from €6,341 to €51,154
- Reserves +€39,000
up €39,000 (+114.7%), from €34,000 to €73,000
- Tax, wage and social debts +€29,718
up €29,718 (+136.4%), from €21,794 to €51,512
of which Taxes: +€27,746
- Current portion of long-term debt +€7,637
new in 2025: €7,637
- Gross operating margin +€27,383
up €27,383 (+49.5%), from €55,311 to €82,694
- Depreciation +€14,704
up €14,704 (+473.3%), from €3,107 to €17,810
- Taxes +€5,033
up €5,033 (+29.1%), from €17,320 to €22,352
- Financial charges +€2,426
up €2,426 (+2700.3%), from €90 to €2,516
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 | €73,446 | €344,417 | +€270,971 | +368.9% |
| Fixed assets | 21/28 | €54,644 | €301,703 | +€247,060 | +452.1% |
| Intangible fixed assets | 21 | - | €17,384 | +€17,384 | |
| Tangible fixed assets | 22/27 | €54,394 | €284,069 | +€229,675 | +422.2% |
| Land and buildings | 22 | - | €194,535 | +€194,535 | |
| Furniture and vehicles | 24 | - | €4,101 | +€4,101 | |
| Other tangible fixed assets | 26 | €54,394 | €85,432 | +€31,039 | +57.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €18,803 | €42,714 | +€23,911 | +127.2% |
| Amounts receivable within one year | 40/41 | €16,983 | €38,506 | +€21,522 | +126.7% |
| Trade receivables | 40 | €13,383 | €38,506 | +€25,123 | +187.7% |
| Other amounts receivable | 41 | €3,601 | - | -€3,601 | |
| Cash at bank and in hand | 54/58 | €1,819 | €4,208 | +€2,389 | +131.3% |
| Total equity and liabilities | 10/49 | €73,446 | €344,417 | +€270,971 | +368.9% |
| Equity | 10/15 | €36,910 | €76,749 | +€39,840 | +107.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €34,000 | €73,000 | +€39,000 | +114.7% |
| Distributable reserves | 133 | €34,000 | €73,000 | +€39,000 | +114.7% |
| Profit (loss) carried forward | 14 | €910 | €1,749 | +€840 | +92.3% |
| Amounts payable | 17/49 | €36,536 | €267,668 | +€231,131 | +632.6% |
| Amounts payable after more than one year | 17 | - | €146,636 | +€146,636 | |
| Financial debts | 170/4 | - | €146,636 | +€146,636 | |
| Amounts payable within one year | 42/48 | €36,536 | €121,032 | +€84,495 | +231.3% |
| Current portion of amounts payable after more than one year | 42 | - | €7,637 | +€7,637 | |
| Trade debts | 44 | €8,402 | €10,728 | +€2,327 | +27.7% |
| Suppliers | 440/4 | €8,402 | €10,728 | +€2,327 | +27.7% |
| Taxes, remuneration and social security | 45 | €21,794 | €51,512 | +€29,718 | +136.4% |
| Taxes | 450/3 | €21,794 | €49,540 | +€27,746 | +127.3% |
| Remuneration and social security | 454/9 | - | €1,973 | +€1,973 | |
| Other amounts payable | 47/48 | €6,341 | €51,154 | +€44,813 | +706.7% |
| Remuneration, social security and pensions | 62 | - | €59 | +€59 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,107 | €17,810 | +€14,704 | +473.3% |
| Other operating charges | 640/8 | - | €118 | +€118 | |
| Gross operating margin | 9900 | €55,311 | €82,694 | +€27,383 | +49.5% |
| Operating profit (loss) | 9901 | €52,205 | €64,708 | +€12,503 | +23.9% |
| Financial income | 75/76B | €115 | - | -€115 | |
| Recurring financial income | 75 | €115 | - | -€115 | |
| Financial charges | 65/66B | €90 | €2,516 | +€2,426 | +2700.3% |
| Recurring financial charges | 65 | €90 | €2,516 | +€2,426 | +2700.3% |
| Profit (loss) for the period before taxes | 9903 | €52,229 | €62,192 | +€9,963 | +19.1% |
| Income taxes | 67/77 | €17,320 | €22,352 | +€5,033 | +29.1% |
| Profit (loss) for the period | 9904 | €34,910 | €39,840 | +€4,930 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,910 | €39,840 | +€4,930 | +14.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.