K.K.M.C.: 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.
K.K.M.C.
Largest movements
- Receivables within one year +€266,380
up €266,380 (+104%), from €256,126 to €522,506
of which Other amounts receivable: +€225,022
- Tangible fixed assets -€72,866
down €72,866 (-4.2%), from €1.7m to €1.6m
of which Other tangible fixed assets: -€273,075
- Stocks and contracts -€57,346
down €57,346 (-25.3%), from €226,838 to €169,492
- Deferred charges and accrued income -€44,045
down €44,045 (-98.3%), from €44,787 to €742
- Other debts +€135,279
up €135,279 (+214%), from €63,196 to €198,475
- Debts after one year -€86,087
down €86,087 (-5.8%), from €1.5m to €1.4m
of which Financial debts: -€62,639
- Reserves -€59,140
down €59,140 (-18.3%), from €323,636 to €264,495
- Profit (loss) carried forward +€53,890
up €53,890, from -€14,813 to €39,078
- Gross operating margin +€60,978
up €60,978 (+46.1%), from €132,200 to €193,178
- Other operating charges +€43,663
up €43,663 (+277%), from €15,757 to €59,420
- Financial charges -€17,873
down €17,873 (-27.9%), from €64,068 to €46,195
- Depreciation -€3,554
down €3,554 (-4.7%), from €76,420 to €72,866
- Financial income -€3,103
down €3,103 (-58.3%), from €5,321 to €2,219
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 | €2,255,359 | €2,346,731 | +€91,371 | +4.1% |
| Fixed assets | 21/28 | €1,718,917 | €1,646,051 | -€72,866 | -4.2% |
| Tangible fixed assets | 22/27 | €1,718,917 | €1,646,051 | -€72,866 | -4.2% |
| Land and buildings | 22 | €1,184,657 | €1,418,795 | +€234,138 | +19.8% |
| Furniture and vehicles | 24 | €126,986 | €93,057 | -€33,929 | -26.7% |
| Other tangible fixed assets | 26 | €407,274 | €134,199 | -€273,075 | -67.0% |
| Current assets | 29/58 | €536,442 | €700,680 | +€164,238 | +30.6% |
| Stocks and contracts in progress | 3 | €226,838 | €169,492 | -€57,346 | -25.3% |
| Stocks | 30/36 | €226,838 | €169,492 | -€57,346 | -25.3% |
| Amounts receivable within one year | 40/41 | €256,126 | €522,506 | +€266,380 | +104% |
| Trade receivables | 40 | €10,592 | €51,950 | +€41,358 | +390% |
| Other amounts receivable | 41 | €245,534 | €470,556 | +€225,022 | +91.6% |
| Current investments | 50/53 | €2,495 | €0 | -€2,495 | -100% |
| Cash at bank and in hand | 54/58 | €6,195 | €7,939 | +€1,744 | +28.2% |
| Deferred charges and accrued income | 490/1 | €44,787 | €742 | -€44,045 | -98.3% |
| Total equity and liabilities | 10/49 | €2,255,359 | €2,346,731 | +€91,371 | +4.1% |
| Equity | 10/15 | €323,078 | €317,828 | -€5,250 | -1.6% |
| Contributions | 10/11 | €14,255 | €14,255 | = | 0.0% |
| Reserves | 13 | €323,636 | €264,495 | -€59,140 | -18.3% |
| Tax-exempt reserves | 132 | €323,636 | €264,495 | -€59,140 | -18.3% |
| Profit (loss) carried forward | 14 | -€14,813 | €39,078 | +€53,890 | |
| Provisions and deferred taxes | 16 | €80,472 | €102,060 | +€21,587 | +26.8% |
| Deferred taxes | 168 | €80,472 | €102,060 | +€21,587 | +26.8% |
| Amounts payable | 17/49 | €1,851,809 | €1,926,843 | +€75,034 | +4.1% |
| Amounts payable after more than one year | 17 | €1,475,492 | €1,389,405 | -€86,087 | -5.8% |
| Financial debts | 170/4 | €1,201,153 | €1,138,514 | -€62,639 | -5.2% |
| Other amounts payable | 178/9 | €274,340 | €250,891 | -€23,448 | -8.5% |
| Amounts payable within one year | 42/48 | €376,282 | €535,230 | +€158,949 | +42.2% |
| Current portion of amounts payable after more than one year | 42 | €64,266 | €69,660 | +€5,394 | +8.4% |
| Financial debts | 43 | €183,533 | €183,333 | -€200 | -0.1% |
| Credit institutions | 430/8 | €33,533 | €0 | -€33,533 | -100% |
| Other loans | 439 | €150,000 | €183,333 | +€33,333 | +22.2% |
| Trade debts | 44 | €192 | €8,326 | +€8,134 | +4,235% |
| Suppliers | 440/4 | €192 | €8,326 | +€8,134 | +4,235% |
| Taxes, remuneration and social security | 45 | €65,095 | €75,437 | +€10,342 | +15.9% |
| Taxes | 450/3 | €65,095 | €75,437 | +€10,342 | +15.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €63,196 | €198,475 | +€135,279 | +214% |
| Accrued charges and deferred income | 492/3 | €35 | €2,207 | +€2,172 | +6,269% |
| Non-recurring operating income | 76A | €57,014 | €2,250 | -€54,764 | -96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,420 | €72,866 | -€3,554 | -4.7% |
| Other operating charges | 640/8 | €15,757 | €59,420 | +€43,663 | +277% |
| Gross operating margin | 9900 | €132,200 | €193,178 | +€60,978 | +46.1% |
| Operating profit (loss) | 9901 | €40,023 | €60,891 | +€20,869 | +52.1% |
| Financial income | 75/76B | €5,321 | €2,219 | -€3,103 | -58.3% |
| Recurring financial income | 75 | €5,321 | €2,219 | -€3,103 | -58.3% |
| Financial charges | 65/66B | €64,068 | €46,195 | -€17,873 | -27.9% |
| Recurring financial charges | 65 | €64,068 | €46,195 | -€17,873 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,724 | €16,915 | +€35,640 | |
| Transfer from deferred taxes | 780 | €11,430 | €9,388 | -€2,042 | -17.9% |
| Income taxes | 67/77 | €326 | €578 | +€252 | +77.3% |
| Profit (loss) for the period | 9904 | -€7,620 | €25,726 | +€33,346 | |
| Transfer from tax-exempt reserves | 789 | €45,721 | €28,165 | -€17,557 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,101 | €53,890 | +€15,789 | +41.4% |
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 26 October 2026 via checked.be.