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
- Cash +€37,160
up €37,160 (+39.9%), from €93,196 to €130,356
mainly Net result for the year (+€25,298) and Tax, wage and social debts (+€11,111)
- Receivables within one year +€12,564
up €12,564 (+94.7%), from €13,272 to €25,836
of which Other amounts receivable: +€12,564
- Tangible fixed assets -€5,422
down €5,422 (-20.2%), from €26,888 to €21,466
of which Plant, machinery and equipment: -€5,163
- Stocks and contracts +€2,481
up €2,481 (+63.8%), from €3,888 to €6,369
- Profit (loss) carried forward +€25,298
up €25,298 (+24.6%), from €102,746 to €128,044
- Tax, wage and social debts +€11,111
up €11,111 (+136.1%), from €8,166 to €19,277
- Trade debts +€9,454
up €9,454 (+91.7%), from €10,309 to €19,763
- Turnover +€69,566
up €69,566 (+9.3%), from €748,607 to €818,173
- Purchases and services +€58,853
up €58,853 (+8.3%), from €712,753 to €771,606
- Staff costs -€22,877
down €22,877, from €22,600 to -€277
- Gross operating margin +€10,712
up €10,712 (+29.9%), from €35,855 to €46,567
- Taxes +€8,909
up €8,909 (+426.1%), from €2,091 to €11,000
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 | €156,015 | €201,066 | +€45,051 | +28.9% |
| Fixed assets | 21/28 | €29,513 | €24,091 | -€5,422 | -18.4% |
| Tangible fixed assets | 22/27 | €26,888 | €21,466 | -€5,422 | -20.2% |
| Plant, machinery and equipment | 23 | €23,234 | €18,071 | -€5,163 | -22.2% |
| Furniture and vehicles | 24 | €3,654 | €3,395 | -€259 | -7.1% |
| Financial fixed assets | 28 | €2,625 | €2,625 | = | 0.0% |
| Current assets | 29/58 | €126,502 | €176,975 | +€50,473 | +39.9% |
| Stocks and contracts in progress | 3 | €3,888 | €6,369 | +€2,481 | +63.8% |
| Stocks | 30/36 | €3,888 | €6,369 | +€2,481 | +63.8% |
| Amounts receivable within one year | 40/41 | €13,272 | €25,836 | +€12,564 | +94.7% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €13,272 | €25,836 | +€12,564 | +94.7% |
| Cash at bank and in hand | 54/58 | €93,196 | €130,356 | +€37,160 | +39.9% |
| Deferred charges and accrued income | 490/1 | €16,146 | €14,414 | -€1,732 | -10.7% |
| Total equity and liabilities | 10/49 | €156,015 | €201,066 | +€45,051 | +28.9% |
| Equity | 10/15 | €135,746 | €161,044 | +€25,298 | +18.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Capital | 10 | €30,000 | €30,000 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Legal reserve | 130 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,746 | €128,044 | +€25,298 | +24.6% |
| Amounts payable | 17/49 | €20,269 | €40,022 | +€19,753 | +97.5% |
| Amounts payable within one year | 42/48 | €20,269 | €40,022 | +€19,753 | +97.5% |
| Trade debts | 44 | €10,309 | €19,763 | +€9,454 | +91.7% |
| Suppliers | 440/4 | €10,309 | €19,763 | +€9,454 | +91.7% |
| Taxes, remuneration and social security | 45 | €8,166 | €19,277 | +€11,111 | +136.1% |
| Taxes | 450/3 | €8,166 | €19,277 | +€11,111 | +136.1% |
| Other amounts payable | 47/48 | €1,794 | €982 | -€812 | -45.3% |
| Turnover | 70 | €748,607 | €818,173 | +€69,566 | +9.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €712,753 | €771,606 | +€58,853 | +8.3% |
| Remuneration, social security and pensions | 62 | €22,600 | -€277 | -€22,877 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,647 | €9,651 | -€996 | -9.4% |
| Other operating charges | 640/8 | €1,388 | €475 | -€913 | -65.8% |
| Gross operating margin | 9900 | €35,855 | €46,567 | +€10,712 | +29.9% |
| Operating profit (loss) | 9901 | €1,220 | €36,718 | +€35,498 | +2909.7% |
| Financial charges | 65/66B | €318 | €420 | +€102 | +32.1% |
| Recurring financial charges | 65 | €318 | €420 | +€102 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | €902 | €36,298 | +€35,396 | +3924.2% |
| Income taxes | 67/77 | €2,091 | €11,000 | +€8,909 | +426.1% |
| Profit (loss) for the period | 9904 | -€1,189 | €25,298 | +€26,487 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,189 | €25,298 | +€26,487 |
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 6 October 2026 via checked.be.