KVS Quality Services: 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.
KVS Quality Services
Largest movements
- Cash -€18,809
down €18,809 (-40.6%), from €46,345 to €27,535
mainly Other debts (-€25,263) and Tax, wage and social debts (-€13,281)
- Receivables within one year -€16,716
down €16,716 (-47.6%), from €35,134 to €18,417
of which Trade receivables: -€9,132
- Tangible fixed assets -€11,007
down €11,007 (-4.4%), from €250,026 to €239,020
of which Land and buildings: -€14,335
- Current investments +€7,000
new in 2025: €7,000
- Other debts -€25,263
no longer reported in 2025 (was €25,263)
- Reserves +€19,006
up €19,006 (+17.1%), from €111,423 to €130,429
- Tax, wage and social debts -€13,281
down €13,281 (-57.3%), from €23,162 to €9,881
of which Taxes: -€13,281
- Trade debts -€11,929
down €11,929 (-69.1%), from €17,265 to €5,336
- Debts after one year -€11,122
down €11,122 (-7.8%), from €142,827 to €131,705
- Gross operating margin -€39,358
down €39,358 (-33.1%), from €118,736 to €79,378
- Staff costs -€15,007
down €15,007 (-32.6%), from €46,022 to €31,015
- Taxes -€4,756
down €4,756 (-42.5%), from €11,203 to €6,447
- Depreciation -€2,172
down €2,172 (-12.2%), from €17,739 to €15,567
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 | €334,821 | €292,458 | -€42,363 | -12.7% |
| Fixed assets | 21/28 | €252,434 | €239,387 | -€13,047 | -5.2% |
| Tangible fixed assets | 22/27 | €250,026 | €239,020 | -€11,007 | -4.4% |
| Land and buildings | 22 | €245,167 | €230,832 | -€14,335 | -5.8% |
| Plant, machinery and equipment | 23 | €2,715 | €2,424 | -€291 | -10.7% |
| Furniture and vehicles | 24 | €2,144 | €5,764 | +€3,620 | +169% |
| Financial fixed assets | 28 | €2,407 | €367 | -€2,040 | -84.7% |
| Current assets | 29/58 | €82,387 | €53,071 | -€29,317 | -35.6% |
| Amounts receivable within one year | 40/41 | €35,134 | €18,417 | -€16,716 | -47.6% |
| Trade receivables | 40 | €26,336 | €17,204 | -€9,132 | -34.7% |
| Other amounts receivable | 41 | €8,797 | €1,213 | -€7,584 | -86.2% |
| Current investments | 50/53 | - | €7,000 | +€7,000 | |
| Cash at bank and in hand | 54/58 | €46,345 | €27,535 | -€18,809 | -40.6% |
| Deferred charges and accrued income | 490/1 | €909 | €118 | -€791 | -87.0% |
| Total equity and liabilities | 10/49 | €334,821 | €292,458 | -€42,363 | -12.7% |
| Equity | 10/15 | €114,423 | €133,429 | +€19,006 | +16.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €111,423 | €130,429 | +€19,006 | +17.1% |
| Distributable reserves | 133 | €111,423 | €130,429 | +€19,006 | +17.1% |
| Amounts payable | 17/49 | €220,398 | €159,029 | -€61,369 | -27.8% |
| Amounts payable after more than one year | 17 | €142,827 | €131,705 | -€11,122 | -7.8% |
| Financial debts | 170/4 | €142,827 | €131,705 | -€11,122 | -7.8% |
| Amounts payable within one year | 42/48 | €76,586 | €26,339 | -€50,247 | -65.6% |
| Current portion of amounts payable after more than one year | 42 | €10,895 | €11,122 | +€227 | +2.1% |
| Trade debts | 44 | €17,265 | €5,336 | -€11,929 | -69.1% |
| Suppliers | 440/4 | €17,265 | €5,336 | -€11,929 | -69.1% |
| Taxes, remuneration and social security | 45 | €23,162 | €9,881 | -€13,281 | -57.3% |
| Taxes | 450/3 | €22,461 | €9,180 | -€13,281 | -59.1% |
| Remuneration and social security | 454/9 | €701 | €701 | = | 0.0% |
| Other amounts payable | 47/48 | €25,263 | - | -€25,263 | |
| Accrued charges and deferred income | 492/3 | €984 | €984 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €46,022 | €31,015 | -€15,007 | -32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,739 | €15,567 | -€2,172 | -12.2% |
| Other operating charges | 640/8 | €3,599 | €4,100 | +€501 | +13.9% |
| Gross operating margin | 9900 | €118,736 | €79,378 | -€39,358 | -33.1% |
| Operating profit (loss) | 9901 | €51,376 | €28,696 | -€22,680 | -44.1% |
| Financial income | 75/76B | €230 | €181 | -€48 | -21.1% |
| Recurring financial income | 75 | €230 | €181 | -€48 | -21.1% |
| Financial charges | 65/66B | €3,665 | €3,424 | -€241 | -6.6% |
| Recurring financial charges | 65 | €3,665 | €3,424 | -€241 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €47,941 | €25,453 | -€22,488 | -46.9% |
| Income taxes | 67/77 | €11,203 | €6,447 | -€4,756 | -42.5% |
| Profit (loss) for the period | 9904 | €36,738 | €19,006 | -€17,732 | -48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,738 | €19,006 | -€17,732 | -48.3% |
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 13 October 2026 via checked.be.