Themacafé KVCW: 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.
Themacafé KVCW
Largest movements
- Receivables within one year -€30,698
down €30,698 (-42.9%), from €71,513 to €40,815
of which Trade receivables: -€28,849
- Tangible fixed assets +€22,483
new in 2025: €22,483
- Cash -€2,623
down €2,623 (-4.1%), from €64,619 to €61,995
mainly Advances received (-€60,139) and Investment in fixed assets (net) (-€24,337)
- Deferred charges and accrued income -€1,784
down €1,784 (-64.8%), from €2,754 to €971
- Advances received -€60,139
no longer reported in 2025 (was €60,139)
- Reserves +€30,212
up €30,212 (+135%), from €22,368 to €52,580
- Tax, wage and social debts +€21,736
up €21,736 (+57.0%), from €38,100 to €59,836
of which Taxes: +€11,101
- Other debts -€8,601
no longer reported in 2025 (was €8,601)
- Trade debts +€3,069
up €3,069 (+33.6%), from €9,146 to €12,215
- Staff costs -€24,303
down €24,303 (-8.8%), from €275,642 to €251,338
- Gross operating margin -€17,627
down €17,627 (-5.7%), from €310,776 to €293,149
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 | €150,354 | €136,631 | -€13,723 | -9.1% |
| Fixed assets | 21/28 | €500 | €22,983 | +€22,483 | +4,497% |
| Tangible fixed assets | 22/27 | - | €22,483 | +€22,483 | |
| Furniture and vehicles | 24 | - | €22,483 | +€22,483 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €149,854 | €113,648 | -€36,206 | -24.2% |
| Stocks and contracts in progress | 3 | €10,968 | €9,867 | -€1,101 | -10.0% |
| Stocks | 30/36 | €10,968 | €9,867 | -€1,101 | -10.0% |
| Amounts receivable within one year | 40/41 | €71,513 | €40,815 | -€30,698 | -42.9% |
| Trade receivables | 40 | €69,558 | €40,709 | -€28,849 | -41.5% |
| Other amounts receivable | 41 | €1,955 | €106 | -€1,849 | -94.6% |
| Cash at bank and in hand | 54/58 | €64,619 | €61,995 | -€2,623 | -4.1% |
| Deferred charges and accrued income | 490/1 | €2,754 | €971 | -€1,784 | -64.8% |
| Total equity and liabilities | 10/49 | €150,354 | €136,631 | -€13,723 | -9.1% |
| Equity | 10/15 | €34,368 | €64,580 | +€30,212 | +87.9% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €22,368 | €52,580 | +€30,212 | +135% |
| Distributable reserves | 133 | €22,368 | €52,580 | +€30,212 | +135% |
| Amounts payable | 17/49 | €115,986 | €72,051 | -€43,935 | -37.9% |
| Amounts payable within one year | 42/48 | €115,986 | €72,051 | -€43,935 | -37.9% |
| Trade debts | 44 | €9,146 | €12,215 | +€3,069 | +33.6% |
| Suppliers | 440/4 | €9,146 | €12,215 | +€3,069 | +33.6% |
| Advances received on contracts in progress | 46 | €60,139 | - | -€60,139 | |
| Taxes, remuneration and social security | 45 | €38,100 | €59,836 | +€21,736 | +57.0% |
| Taxes | 450/3 | €17,699 | €28,800 | +€11,101 | +62.7% |
| Remuneration and social security | 454/9 | €20,402 | €31,036 | +€10,635 | +52.1% |
| Other amounts payable | 47/48 | €8,601 | - | -€8,601 | |
| Remuneration, social security and pensions | 62 | €275,642 | €251,338 | -€24,303 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,853 | +€1,853 | |
| Other operating charges | 640/8 | €2,278 | €520 | -€1,758 | -77.2% |
| Gross operating margin | 9900 | €310,776 | €293,149 | -€17,627 | -5.7% |
| Operating profit (loss) | 9901 | €32,857 | €39,438 | +€6,581 | +20.0% |
| Financial income | 75/76B | €1,361 | €1,706 | +€345 | +25.3% |
| Recurring financial income | 75 | €1,361 | €1,706 | +€345 | +25.3% |
| Financial charges | 65/66B | €5,866 | €3,311 | -€2,554 | -43.5% |
| Recurring financial charges | 65 | €5,866 | €3,311 | -€2,554 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €28,352 | €37,832 | +€9,480 | +33.4% |
| Income taxes | 67/77 | €5,984 | €7,620 | +€1,636 | +27.3% |
| Profit (loss) for the period | 9904 | €22,368 | €30,212 | +€7,844 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,368 | €30,212 | +€7,844 | +35.1% |
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 28 October 2026 via checked.be.