K.M industries: what changed
K.M industries
Largest movements
- Cash -€60,484
down €60,484 (-39.8%), from €151,989 to €91,505
mainly Trade debts (-€140,175) and Advances received (-€9,427)
- Receivables within one year -€38,850
down €38,850 (-21.2%), from €183,222 to €144,372
of which Trade receivables: -€35,403
- Tangible fixed assets -€11,617
down €11,617 (-27.6%), from €42,067 to €30,450
of which Leasing and similar rights: -€7,005
- Deferred charges and accrued income -€10,214
down €10,214 (-53.9%), from €18,945 to €8,731
- Stocks and contracts -€9,514
down €9,514 (-9.1%), from €104,393 to €94,879
- Trade debts -€140,175
down €140,175 (-60.5%), from €231,559 to €91,384
- Reserves +€27,076
up €27,076 (+23.7%), from €114,232 to €141,308
of which Distributable reserves: +€27,076
- Advances received -€9,427
no longer reported in 2025 (was €9,427)
- Debts after one year -€5,393
down €5,393 (-16.8%), from €32,041 to €26,648
- Taxes -€33,776
down €33,776 (-92.6%), from €36,484 to €2,708
- Gross operating margin -€31,163
down €31,163 (-15.0%), from €208,160 to €176,997
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 | €500,616 | €369,937 | -€130,679 | -26.1% |
| Fixed assets | 21/28 | €42,067 | €30,450 | -€11,617 | -27.6% |
| Tangible fixed assets | 22/27 | €42,067 | €30,450 | -€11,617 | -27.6% |
| Plant, machinery and equipment | 23 | €8,534 | €3,841 | -€4,693 | -55.0% |
| Furniture and vehicles | 24 | €2,241 | €2,322 | +€81 | +3.6% |
| Leasing and similar rights | 25 | €31,292 | €24,287 | -€7,005 | -22.4% |
| Current assets | 29/58 | €458,549 | €339,487 | -€119,062 | -26.0% |
| Stocks and contracts in progress | 3 | €104,393 | €94,879 | -€9,514 | -9.1% |
| Stocks | 30/36 | €104,393 | €94,879 | -€9,514 | -9.1% |
| Amounts receivable within one year | 40/41 | €183,222 | €144,372 | -€38,850 | -21.2% |
| Trade receivables | 40 | €165,361 | €129,958 | -€35,403 | -21.4% |
| Other amounts receivable | 41 | €17,861 | €14,414 | -€3,447 | -19.3% |
| Cash at bank and in hand | 54/58 | €151,989 | €91,505 | -€60,484 | -39.8% |
| Deferred charges and accrued income | 490/1 | €18,945 | €8,731 | -€10,214 | -53.9% |
| Total equity and liabilities | 10/49 | €500,616 | €369,937 | -€130,679 | -26.1% |
| Equity | 10/15 | €209,419 | €236,495 | +€27,076 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €114,232 | €141,308 | +€27,076 | +23.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €112,372 | €139,448 | +€27,076 | +24.1% |
| Profit (loss) carried forward | 14 | €76,587 | €76,587 | = | 0.0% |
| Amounts payable | 17/49 | €291,197 | €133,442 | -€157,755 | -54.2% |
| Amounts payable after more than one year | 17 | €32,041 | €26,648 | -€5,393 | -16.8% |
| Financial debts | 170/4 | €32,041 | €26,648 | -€5,393 | -16.8% |
| Amounts payable within one year | 42/48 | €259,156 | €106,794 | -€152,362 | -58.8% |
| Trade debts | 44 | €231,559 | €91,384 | -€140,175 | -60.5% |
| Suppliers | 440/4 | €231,559 | €91,384 | -€140,175 | -60.5% |
| Advances received on contracts in progress | 46 | €9,427 | - | -€9,427 | |
| Taxes, remuneration and social security | 45 | €18,070 | €15,410 | -€2,660 | -14.7% |
| Taxes | 450/3 | €2,706 | €5,388 | +€2,682 | +99.1% |
| Remuneration and social security | 454/9 | €15,364 | €10,022 | -€5,342 | -34.8% |
| Other amounts payable | 47/48 | €100 | - | -€100 | |
| Remuneration, social security and pensions | 62 | €126,598 | €125,919 | -€679 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,202 | €16,100 | +€1,898 | +13.4% |
| Other operating charges | 640/8 | €2,970 | €3,402 | +€432 | +14.5% |
| Gross operating margin | 9900 | €208,160 | €176,997 | -€31,163 | -15.0% |
| Operating profit (loss) | 9901 | €64,390 | €31,576 | -€32,814 | -51.0% |
| Financial income | 75/76B | €3,452 | €3,493 | +€41 | +1.2% |
| Recurring financial income | 75 | €3,452 | €3,493 | +€41 | +1.2% |
| Financial charges | 65/66B | €4,300 | €5,285 | +€985 | +22.9% |
| Recurring financial charges | 65 | €4,300 | €5,285 | +€985 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €63,542 | €29,784 | -€33,758 | -53.1% |
| Income taxes | 67/77 | €36,484 | €2,708 | -€33,776 | -92.6% |
| Profit (loss) for the period | 9904 | €27,058 | €27,076 | +€18 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,058 | €27,076 | +€18 | +0.1% |
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 2 November 2026 via checked.be.