KVZ CLEAN: 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.
KVZ CLEAN
Largest movements
- Receivables within one year +€49,980
up €49,980 (+101%), from €49,245 to €99,225
of which Trade receivables: +€38,332
- Deferred charges and accrued income -€24,028
down €24,028 (-94.6%), from €25,401 to €1,373
- Cash -€15,219
down €15,219 (-40.3%), from €37,768 to €22,549
mainly Receivables within one year (-€49,980) and Tax, wage and social debts (-€16,855)
- Tangible fixed assets -€9,633
down €9,633 (-25.7%), from €37,448 to €27,815
of which Leasing and similar rights: -€8,985
- Trade debts +€23,734
up €23,734 (+603%), from €3,934 to €27,667
- Tax, wage and social debts -€16,855
down €16,855 (-52.5%), from €32,100 to €15,245
of which Taxes: -€11,127
- Debts after one year -€8,498
down €8,498 (-34.1%), from €24,892 to €16,394
- Current portion of long-term debt +€1,615
up €1,615 (+21.0%), from €7,703 to €9,318
- Staff costs +€34,937
up €34,937 (+35.4%), from €98,581 to €133,518
- Gross operating margin +€29,948
up €29,948 (+25.4%), from €118,099 to €148,047
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 | €150,462 | €151,562 | +€1,100 | +0.7% |
| Fixed assets | 21/28 | €38,048 | €28,415 | -€9,633 | -25.3% |
| Tangible fixed assets | 22/27 | €37,448 | €27,815 | -€9,633 | -25.7% |
| Furniture and vehicles | 24 | €648 | - | -€648 | |
| Leasing and similar rights | 25 | €36,800 | €27,815 | -€8,985 | -24.4% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €112,414 | €123,147 | +€10,733 | +9.5% |
| Amounts receivable within one year | 40/41 | €49,245 | €99,225 | +€49,980 | +101% |
| Trade receivables | 40 | €31,641 | €69,972 | +€38,332 | +121% |
| Other amounts receivable | 41 | €17,604 | €29,252 | +€11,648 | +66.2% |
| Cash at bank and in hand | 54/58 | €37,768 | €22,549 | -€15,219 | -40.3% |
| Deferred charges and accrued income | 490/1 | €25,401 | €1,373 | -€24,028 | -94.6% |
| Total equity and liabilities | 10/49 | €150,462 | €151,562 | +€1,100 | +0.7% |
| Equity | 10/15 | €81,833 | €82,938 | +€1,105 | +1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €217 | €217 | = | 0.0% |
| Non-distributable reserves | 130/1 | €217 | €217 | = | 0.0% |
| Reserves not available under the articles | 1311 | €217 | €217 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,416 | €76,521 | +€1,105 | +1.5% |
| Amounts payable | 17/49 | €68,629 | €68,624 | -€5 | 0.0% |
| Amounts payable after more than one year | 17 | €24,892 | €16,394 | -€8,498 | -34.1% |
| Financial debts | 170/4 | €24,892 | €16,394 | -€8,498 | -34.1% |
| Amounts payable within one year | 42/48 | €43,737 | €52,230 | +€8,493 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €7,703 | €9,318 | +€1,615 | +21.0% |
| Trade debts | 44 | €3,934 | €27,667 | +€23,734 | +603% |
| Suppliers | 440/4 | €3,934 | €27,667 | +€23,734 | +603% |
| Taxes, remuneration and social security | 45 | €32,100 | €15,245 | -€16,855 | -52.5% |
| Taxes | 450/3 | €12,781 | €1,654 | -€11,127 | -87.1% |
| Remuneration and social security | 454/9 | €19,320 | €13,591 | -€5,729 | -29.7% |
| Remuneration, social security and pensions | 62 | €98,581 | €133,518 | +€34,937 | +35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,948 | €9,633 | -€315 | -3.2% |
| Other operating charges | 640/8 | €2,507 | €1,297 | -€1,209 | -48.2% |
| Gross operating margin | 9900 | €118,099 | €148,047 | +€29,948 | +25.4% |
| Operating profit (loss) | 9901 | €7,064 | €3,599 | -€3,465 | -49.1% |
| Financial income | 75/76B | €62 | - | -€62 | |
| Recurring financial income | 75 | €62 | - | -€62 | |
| Financial charges | 65/66B | €2,107 | €1,824 | -€284 | -13.5% |
| Recurring financial charges | 65 | €2,107 | €1,824 | -€284 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €5,018 | €1,775 | -€3,243 | -64.6% |
| Income taxes | 67/77 | €879 | €670 | -€209 | -23.8% |
| Profit (loss) for the period | 9904 | €4,139 | €1,105 | -€3,034 | -73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,139 | €1,105 | -€3,034 | -73.3% |
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 23 October 2026 via checked.be.