K & M: what changed
Two fiscal 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 & M
Largest movements
- Tangible fixed assets -€699
down €699 (-65.0%), from €1,075 to €376
- Trade debts -€4,083
down €4,083 (-95.7%), from €4,266 to €183
- Other debts +€3,452
up €3,452 (+14.5%), from €23,787 to €27,240
- Tax, wage and social debts -€361
down €361 (-91.7%), from €394 to €33
- Profit (loss) carried forward +€280
up €280 (+0.6%), from -€44,697 to -€44,416
- Gross operating margin +€11,472
up €11,472, from -€9,982 to €1,490
- Financial charges -€1,276
down €1,276 (-74.0%), from €1,725 to €449
- Other operating charges -€932
down €932 (-93.8%), from €994 to €62
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.
Cash bridge derived
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 | €2,642 | €1,930 | -€712 | -26.9% |
| Fixed assets | 21/28 | €1,075 | €376 | -€699 | -65.0% |
| Tangible fixed assets | 22/27 | €1,075 | €376 | -€699 | -65.0% |
| Plant, machinery and equipment | 23 | €1,075 | €376 | -€699 | -65.0% |
| Current assets | 29/58 | €1,567 | €1,554 | -€13 | -0.8% |
| Cash at bank and in hand | 54/58 | €1,567 | €1,554 | -€13 | -0.8% |
| Total equity and liabilities | 10/49 | €2,642 | €1,930 | -€712 | -26.9% |
| Equity | 10/15 | -€25,806 | -€25,525 | +€280 | +1.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €299 | €299 | = | 0.0% |
| Non-distributable reserves | 130/1 | €299 | €299 | = | 0.0% |
| Reserves not available under the articles | 1311 | €299 | €299 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,697 | -€44,416 | +€280 | +0.6% |
| Amounts payable | 17/49 | €28,448 | €27,456 | -€992 | -3.5% |
| Amounts payable within one year | 42/48 | €28,448 | €27,456 | -€992 | -3.5% |
| Trade debts | 44 | €4,266 | €183 | -€4,083 | -95.7% |
| Suppliers | 440/4 | €4,266 | €183 | -€4,083 | -95.7% |
| Taxes, remuneration and social security | 45 | €394 | €33 | -€361 | -91.7% |
| Taxes | 450/3 | €394 | €33 | -€361 | -91.7% |
| Other amounts payable | 47/48 | €23,787 | €27,240 | +€3,452 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €605 | €699 | +€94 | +15.6% |
| Other operating charges | 640/8 | €994 | €62 | -€932 | -93.8% |
| Gross operating margin | 9900 | -€9,982 | €1,490 | +€11,472 | |
| Operating profit (loss) | 9901 | -€11,581 | €729 | +€12,310 | |
| Financial charges | 65/66B | €1,725 | €449 | -€1,276 | -74.0% |
| Recurring financial charges | 65 | €1,725 | €449 | -€1,276 | -74.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,306 | €280 | +€13,586 | |
| Profit (loss) for the period | 9904 | -€13,306 | €280 | +€13,586 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,306 | €280 | +€13,586 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.