KVT: 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.
KVT
Largest movements
- Receivables within one year +€57,111
up €57,111 (+230.9%), from €24,732 to €81,843
of which Trade receivables: +€59,409
- Stocks and contracts +€17,267
new in 2023: €17,267
- Profit (loss) carried forward +€42,570
up €42,570, from -€21,921 to €20,649
- Other debts +€17,086
up €17,086 (+58.9%), from €29,009 to €46,094
- Trade debts +€14,872
up €14,872, from €0 to €14,872
- Gross operating margin +€46,323
up €46,323 (+97831.6%), from €47 to €46,371
- Taxes -€4,748
down €4,748 (-74.9%), from €6,338 to €1,590
- Other operating charges +€955
up €955 (+267.8%), from €357 to €1,312
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,808 | €100,531 | +€73,723 | +275.0% |
| Fixed assets | 21/28 | €2,005 | €1,247 | -€759 | -37.8% |
| Tangible fixed assets | 22/27 | €2,005 | €1,247 | -€759 | -37.8% |
| Plant, machinery and equipment | 23 | €184 | €0 | -€184 | -100.0% |
| Furniture and vehicles | 24 | €1,821 | €1,247 | -€575 | -31.6% |
| Current assets | 29/58 | €24,803 | €99,284 | +€74,481 | +300.3% |
| Stocks and contracts in progress | 3 | - | €17,267 | +€17,267 | |
| Contracts in progress | 37 | - | €17,267 | +€17,267 | |
| Amounts receivable within one year | 40/41 | €24,732 | €81,843 | +€57,111 | +230.9% |
| Trade receivables | 40 | €20,792 | €80,201 | +€59,409 | +285.7% |
| Other amounts receivable | 41 | €3,940 | €1,642 | -€2,298 | -58.3% |
| Cash at bank and in hand | 54/58 | €71 | €174 | +€104 | +146.4% |
| Total equity and liabilities | 10/49 | €26,808 | €100,531 | +€73,723 | +275.0% |
| Equity | 10/15 | -€5,674 | €36,896 | +€42,570 | |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €3,747 | €3,747 | = | 0.0% |
| Distributable reserves | 133 | €3,747 | €3,747 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,921 | €20,649 | +€42,570 | |
| Amounts payable | 17/49 | €32,482 | €63,635 | +€31,152 | +95.9% |
| Amounts payable within one year | 42/48 | €32,482 | €63,635 | +€31,152 | +95.9% |
| Trade debts | 44 | €0 | €14,872 | +€14,872 | |
| Suppliers | 440/4 | €0 | €14,872 | +€14,872 | |
| Taxes, remuneration and social security | 45 | €3,474 | €2,668 | -€806 | -23.2% |
| Taxes | 450/3 | €3,474 | €2,668 | -€806 | -23.2% |
| Other amounts payable | 47/48 | €29,009 | €46,094 | +€17,086 | +58.9% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €508 | €759 | +€250 | +49.2% |
| Other operating charges | 640/8 | €357 | €1,312 | +€955 | +267.8% |
| Gross operating margin | 9900 | €47 | €46,371 | +€46,323 | +97831.6% |
| Operating profit (loss) | 9901 | -€818 | €44,300 | +€45,118 | |
| Financial income | 75/76B | €5 | €10 | +€5 | +100.0% |
| Recurring financial income | 75 | €5 | €10 | +€5 | +100.0% |
| Financial charges | 65/66B | €231 | €150 | -€81 | -35.1% |
| Recurring financial charges | 65 | €231 | €150 | -€81 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,044 | €44,160 | +€45,204 | |
| Income taxes | 67/77 | €6,338 | €1,590 | -€4,748 | -74.9% |
| Profit (loss) for the period | 9904 | -€7,381 | €42,570 | +€49,952 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,381 | €42,570 | +€49,952 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.