KVZ 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.
KVZ Services
Largest movements
- Cash +€39,424
up €39,424 (+65.6%), from €60,067 to €99,491
mainly Other debts (+€55,455) and Net result for the year (+€25,146)
- Tangible fixed assets +€10,345
up €10,345 (+160%), from €6,453 to €16,798
of which Leasing and similar rights: +€9,408
- Deferred charges and accrued income -€2,708
down €2,708 (-32.5%), from €8,322 to €5,614
- Receivables within one year +€1,888
up €1,888 (+16.3%), from €11,610 to €13,498
of which Trade receivables: +€1,887
- Other debts +€55,455
up €55,455 (+226%), from €24,530 to €79,985
- Profit (loss) carried forward -€34,854
down €34,854 (-92.5%), from €37,685 to €2,831
- Debts after one year +€11,219
new in 2026: €11,219
- Trade debts +€9,294
up €9,294 (+746%), from €1,246 to €10,540
- Current portion of long-term debt +€4,860
new in 2026: €4,860
- Depreciation +€8,555
up €8,555 (+312%), from €2,742 to €11,297
- Other operating charges -€6,086
down €6,086 (-74.3%), from €8,194 to €2,108
- Gross operating margin +€893
up €893 (+2.0%), from €44,638 to €45,531
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,452 | €135,401 | +€48,949 | +56.6% |
| Fixed assets | 21/28 | €6,453 | €16,798 | +€10,345 | +160% |
| Tangible fixed assets | 22/27 | €6,453 | €16,798 | +€10,345 | +160% |
| Plant, machinery and equipment | 23 | - | €937 | +€937 | |
| Leasing and similar rights | 25 | €6,453 | €15,861 | +€9,408 | +146% |
| Current assets | 29/58 | €79,999 | €118,603 | +€38,604 | +48.3% |
| Amounts receivable within one year | 40/41 | €11,610 | €13,498 | +€1,888 | +16.3% |
| Trade receivables | 40 | €10,074 | €11,961 | +€1,887 | +18.7% |
| Other amounts receivable | 41 | €1,536 | €1,537 | +€1 | +0.1% |
| Cash at bank and in hand | 54/58 | €60,067 | €99,491 | +€39,424 | +65.6% |
| Deferred charges and accrued income | 490/1 | €8,322 | €5,614 | -€2,708 | -32.5% |
| Total equity and liabilities | 10/49 | €86,452 | €135,401 | +€48,949 | +56.6% |
| Equity | 10/15 | €58,145 | €23,291 | -€34,854 | -59.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,685 | €2,831 | -€34,854 | -92.5% |
| Amounts payable | 17/49 | €28,307 | €112,110 | +€83,803 | +296% |
| Amounts payable after more than one year | 17 | - | €11,219 | +€11,219 | |
| Financial debts | 170/4 | - | €11,219 | +€11,219 | |
| Amounts payable within one year | 42/48 | €28,307 | €100,891 | +€72,584 | +256% |
| Current portion of amounts payable after more than one year | 42 | - | €4,860 | +€4,860 | |
| Trade debts | 44 | €1,246 | €10,540 | +€9,294 | +746% |
| Suppliers | 440/4 | €1,246 | €10,540 | +€9,294 | +746% |
| Taxes, remuneration and social security | 45 | €2,531 | €5,506 | +€2,975 | +118% |
| Taxes | 450/3 | €2,531 | €5,506 | +€2,975 | +118% |
| Other amounts payable | 47/48 | €24,530 | €79,985 | +€55,455 | +226% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,742 | €11,297 | +€8,555 | +312% |
| Other operating charges | 640/8 | €8,194 | €2,108 | -€6,086 | -74.3% |
| Gross operating margin | 9900 | €44,638 | €45,531 | +€893 | +2.0% |
| Operating profit (loss) | 9901 | €33,702 | €32,126 | -€1,576 | -4.7% |
| Financial charges | 65/66B | €91 | €54 | -€37 | -40.7% |
| Recurring financial charges | 65 | €91 | €54 | -€37 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €33,611 | €32,072 | -€1,539 | -4.6% |
| Income taxes | 67/77 | €7,034 | €6,926 | -€108 | -1.5% |
| Profit (loss) for the period | 9904 | €26,577 | €25,146 | -€1,431 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,577 | €25,146 | -€1,431 | -5.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.