K.M.E.: what changed
K.M.E.
Largest movements
- Cash +€19,746
up €19,746 (+81.3%), from €24,291 to €44,038
mainly Tax, wage and social debts (+€16,942) and Depreciation (+€10,089)
- Financial fixed assets +€7,200
up €7,200 (+62.7%), from €11,475 to €18,675
- Intangible fixed assets -€3,333
down €3,333 (-41.0%), from €8,128 to €4,795
- Tangible fixed assets +€2,944
up €2,944 (+57.5%), from €5,118 to €8,062
of which Furniture and vehicles: +€3,234
- Stocks and contracts -€1,700
down €1,700 (-5.2%), from €32,600 to €30,900
- Tax, wage and social debts +€16,942
up €16,942 (+79.4%), from €21,326 to €38,269
of which Remuneration and social security: +€9,411
- Trade debts +€3,593
up €3,593 (+32.8%), from €10,952 to €14,545
- Current portion of long-term debt +€2,981
up €2,981 (+78.2%), from €3,813 to €6,793
- Profit (loss) carried forward +€2,899
up €2,899 (+7.6%), from €38,380 to €41,279
- Other debts -€2,480
no longer reported in 2025 (was €2,480)
- Staff costs +€33,402
up €33,402 (+71.1%), from €47,001 to €80,403
- Gross operating margin +€22,116
up €22,116 (+28.0%), from €79,119 to €101,235
- Taxes -€2,042
down €2,042 (-43.9%), from €4,648 to €2,607
- Depreciation +€1,928
up €1,928 (+23.6%), from €8,161 to €10,089
- Other operating charges +€1,260
up €1,260 (+42.8%), from €2,945 to €4,205
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €83,409 | €107,344 | +€23,935 | +28.7% |
| Fixed assets | 21/28 | €24,721 | €31,532 | +€6,811 | +27.6% |
| Intangible fixed assets | 21 | €8,128 | €4,795 | -€3,333 | -41.0% |
| Tangible fixed assets | 22/27 | €5,118 | €8,062 | +€2,944 | +57.5% |
| Plant, machinery and equipment | 23 | €1,599 | €1,309 | -€290 | -18.1% |
| Furniture and vehicles | 24 | €3,519 | €6,753 | +€3,234 | +91.9% |
| Financial fixed assets | 28 | €11,475 | €18,675 | +€7,200 | +62.7% |
| Current assets | 29/58 | €58,688 | €75,812 | +€17,124 | +29.2% |
| Stocks and contracts in progress | 3 | €32,600 | €30,900 | -€1,700 | -5.2% |
| Stocks | 30/36 | €32,600 | €30,900 | -€1,700 | -5.2% |
| Amounts receivable within one year | 40/41 | €1,797 | €875 | -€922 | -51.3% |
| Trade receivables | 40 | €1,797 | €875 | -€922 | -51.3% |
| Cash at bank and in hand | 54/58 | €24,291 | €44,038 | +€19,746 | +81.3% |
| Total equity and liabilities | 10/49 | €83,409 | €107,344 | +€23,935 | +28.7% |
| Equity | 10/15 | €44,838 | €47,738 | +€2,899 | +6.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €259 | €259 | = | 0.0% |
| Non-distributable reserves | 130/1 | €259 | €259 | = | 0.0% |
| Reserves not available under the articles | 1311 | €259 | €259 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,380 | €41,279 | +€2,899 | +7.6% |
| Amounts payable | 17/49 | €38,571 | €59,606 | +€21,036 | +54.5% |
| Amounts payable within one year | 42/48 | €38,571 | €59,606 | +€21,036 | +54.5% |
| Current portion of amounts payable after more than one year | 42 | €3,813 | €6,793 | +€2,981 | +78.2% |
| Trade debts | 44 | €10,952 | €14,545 | +€3,593 | +32.8% |
| Suppliers | 440/4 | €10,952 | €14,545 | +€3,593 | +32.8% |
| Taxes, remuneration and social security | 45 | €21,326 | €38,269 | +€16,942 | +79.4% |
| Taxes | 450/3 | €6,802 | €14,333 | +€7,531 | +111% |
| Remuneration and social security | 454/9 | €14,525 | €23,935 | +€9,411 | +64.8% |
| Other amounts payable | 47/48 | €2,480 | - | -€2,480 | |
| Remuneration, social security and pensions | 62 | €47,001 | €80,403 | +€33,402 | +71.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,161 | €10,089 | +€1,928 | +23.6% |
| Other operating charges | 640/8 | €2,945 | €4,205 | +€1,260 | +42.8% |
| Gross operating margin | 9900 | €79,119 | €101,235 | +€22,116 | +28.0% |
| Operating profit (loss) | 9901 | €21,012 | €6,538 | -€14,474 | -68.9% |
| Financial income | 75/76B | €0 | €8 | +€8 | +4,085% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +4,085% |
| Financial charges | 65/66B | €1,069 | €1,040 | -€30 | -2.8% |
| Recurring financial charges | 65 | €1,069 | €1,040 | -€30 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €19,943 | €5,506 | -€14,437 | -72.4% |
| Income taxes | 67/77 | €4,648 | €2,607 | -€2,042 | -43.9% |
| Profit (loss) for the period | 9904 | €15,294 | €2,899 | -€12,395 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,294 | €2,899 | -€12,395 | -81.0% |
Next steps
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 5 November 2026 via checked.be.