SRL KIVO: what changed
What changed
SRL KIVO
NACE 74.999, Other professional, scientific and technical activities
filed annual accounts (NBB)
Net result for the year
-€44,597
2024 · €19,176-€63,772
Equity
-€46,856
2024 · -€2,259-€44,597
Cash
€13,718
2024 · -+€13,718
Balance sheet total
€350,282
2024 · €329,145+€21,137
Largest movements
Assets
- Cash +€13,718
new in 2025: €13,718
mainly Other debts (+€41,871) and Trade debts (+€37,207)
- Receivables within one year +€13,384
up €13,384 (+20.9%), from €63,931 to €77,314
of which Trade receivables: +€8,610
Equity and liabilities
- Profit (loss) carried forward -€44,597
down €44,597 (-937%), from -€4,759 to -€49,356
- Other debts +€41,871
up €41,871 (+348%), from €12,044 to €53,915
- Trade debts +€37,207
up €37,207 (+108%), from €34,358 to €71,564
- Debts after one year -€18,357
down €18,357 (-8.0%), from €228,827 to €210,470
of which Financial debts: -€18,357
Income statement
- Gross operating margin -€53,827
down €53,827, from €46,924 to -€6,903
- Turnover -€33,466
down €33,466 (-18.1%), from €184,853 to €151,387
- Purchases and services +€21,181
up €21,181 (+15.3%), from €138,324 to €159,505
- Taxes +€8,889
new in 2025: €8,889
- Other operating charges +€7,045
up €7,045 (+215%), from €3,271 to €10,316
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€19,176
Gross operating margin
-€53,827
Staff costs
+€237
Depreciation
+€6,328
Write-downs
-€821
Other operating charges
-€7,045
Financial charges
+€243
Taxes
-€8,889
Result 2025
-€44,597
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€28,729
Investment
+€463
Financing
-€15,473
Cash 2024
€0
From operations (derived)
+€28,729
Net result for the year
-€44,597
Depreciation
+€2,734
Receivables within one year
-€13,384
Deferred charges and accrued income
+€2,769
Trade debts
+€37,207
Tax, wage and social debts
+€2,630
Advances received
-€500
Other debts
+€41,871
Investment (derived)
+€463
Investment in fixed assets (net)
+€463
Financing
-€15,473
Debts after one year
-€18,357
Current portion of long-term debt
+€1,193
Short-term financial debts
+€1,690
Cash 2025
€13,718
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €329,145 | €350,282 | +€21,137 | +6.4% |
| Fixed assets | 21/28 | €262,446 | €259,250 | -€3,196 | -1.2% |
| Tangible fixed assets | 22/27 | €12,446 | €9,250 | -€3,196 | -25.7% |
| Plant, machinery and equipment | 23 | €5,007 | €2,812 | -€2,194 | -43.8% |
| Furniture and vehicles | 24 | €7,439 | €6,437 | -€1,002 | -13.5% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €66,700 | €91,033 | +€24,333 | +36.5% |
| Amounts receivable within one year | 40/41 | €63,931 | €77,314 | +€13,384 | +20.9% |
| Trade receivables | 40 | €56,519 | €65,128 | +€8,610 | +15.2% |
| Other amounts receivable | 41 | €7,412 | €12,186 | +€4,774 | +64.4% |
| Cash at bank and in hand | 54/58 | - | €13,718 | +€13,718 | |
| Deferred charges and accrued income | 490/1 | €2,769 | - | -€2,769 | |
| Total equity and liabilities | 10/49 | €329,145 | €350,282 | +€21,137 | +6.4% |
| Equity | 10/15 | -€2,259 | -€46,856 | -€44,597 | -1,974% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,759 | -€49,356 | -€44,597 | -937% |
| Amounts payable | 17/49 | €331,404 | €397,138 | +€65,734 | +19.8% |
| Amounts payable after more than one year | 17 | €228,827 | €210,470 | -€18,357 | -8.0% |
| Financial debts | 170/4 | €144,649 | €126,293 | -€18,357 | -12.7% |
| Other amounts payable | 178/9 | €84,177 | €84,177 | = | 0.0% |
| Amounts payable within one year | 42/48 | €102,578 | €186,668 | +€84,090 | +82.0% |
| Current portion of amounts payable after more than one year | 42 | €17,164 | €18,357 | +€1,193 | +7.0% |
| Financial debts | 43 | €21,540 | €23,230 | +€1,690 | +7.8% |
| Credit institutions | 430/8 | €21,540 | €23,230 | +€1,690 | +7.8% |
| Trade debts | 44 | €34,358 | €71,564 | +€37,207 | +108% |
| Suppliers | 440/4 | €34,358 | €71,564 | +€37,207 | +108% |
| Advances received on contracts in progress | 46 | €500 | - | -€500 | |
| Taxes, remuneration and social security | 45 | €16,972 | €19,602 | +€2,630 | +15.5% |
| Taxes | 450/3 | €16,972 | €19,602 | +€2,630 | +15.5% |
| Other amounts payable | 47/48 | €12,044 | €53,915 | +€41,871 | +348% |
| Turnover | 70 | €184,853 | €151,387 | -€33,466 | -18.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €138,324 | €159,505 | +€21,181 | +15.3% |
| Remuneration, social security and pensions | 62 | €237 | - | -€237 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,062 | €2,734 | -€6,328 | -69.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €821 | +€821 | |
| Other operating charges | 640/8 | €3,271 | €10,316 | +€7,045 | +215% |
| Gross operating margin | 9900 | €46,924 | -€6,903 | -€53,827 | |
| Operating profit (loss) | 9901 | €34,354 | -€20,773 | -€55,127 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €15,178 | €14,935 | -€243 | -1.6% |
| Recurring financial charges | 65 | €15,178 | €14,935 | -€243 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €19,176 | -€35,708 | -€54,883 | |
| Income taxes | 67/77 | - | €8,889 | +€8,889 | |
| Profit (loss) for the period | 9904 | €19,176 | -€44,597 | -€63,772 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,176 | -€44,597 | -€63,772 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.