K.M.K.: 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.M.K.
Largest movements
- Cash -€6,096
down €6,096 (-58.7%), from €10,379 to €4,283
mainly Other debts (-€5,314) and Trade debts (-€3,485)
- Tangible fixed assets -€4,755
down €4,755 (-10.0%), from €47,399 to €42,644
of which Furniture and vehicles: -€2,633
- Other debts -€5,314
down €5,314 (-18.6%), from €28,563 to €23,249
- Trade debts -€3,485
no longer reported in 2024 (was €3,485)
- Profit (loss) carried forward -€2,053
down €2,053 (-2.6%), from -€79,269 to -€81,321
- Gross operating margin -€7,575
down €7,575 (-62.3%), from €12,164 to €4,588
- Depreciation -€1,753
down €1,753 (-45.2%), from €3,874 to €2,122
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,779 | €46,927 | -€10,851 | -18.8% |
| Fixed assets | 21/28 | €47,399 | €42,644 | -€4,755 | -10.0% |
| Tangible fixed assets | 22/27 | €47,399 | €42,644 | -€4,755 | -10.0% |
| Land and buildings | 22 | €39,558 | €38,767 | -€791 | -2.0% |
| Plant, machinery and equipment | 23 | €5,208 | €3,878 | -€1,331 | -25.5% |
| Furniture and vehicles | 24 | €2,633 | - | -€2,633 | |
| Current assets | 29/58 | €10,379 | €4,283 | -€6,096 | -58.7% |
| Cash at bank and in hand | 54/58 | €10,379 | €4,283 | -€6,096 | -58.7% |
| Total equity and liabilities | 10/49 | €57,779 | €46,927 | -€10,851 | -18.8% |
| Equity | 10/15 | €25,731 | €23,679 | -€2,053 | -8.0% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Capital | 10 | €105,000 | €105,000 | = | 0.0% |
| Issued capital | 100 | €105,000 | €105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,269 | -€81,321 | -€2,053 | -2.6% |
| Amounts payable | 17/49 | €32,047 | €23,249 | -€8,799 | -27.5% |
| Amounts payable within one year | 42/48 | €32,047 | €23,249 | -€8,799 | -27.5% |
| Trade debts | 44 | €3,485 | - | -€3,485 | |
| Suppliers | 440/4 | €3,485 | - | -€3,485 | |
| Other amounts payable | 47/48 | €28,563 | €23,249 | -€5,314 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,874 | €2,122 | -€1,753 | -45.2% |
| Other operating charges | 640/8 | €4,610 | €4,489 | -€121 | -2.6% |
| Gross operating margin | 9900 | €12,164 | €4,588 | -€7,575 | -62.3% |
| Operating profit (loss) | 9901 | €3,680 | -€2,023 | -€5,702 | |
| Financial charges | 65/66B | €30 | €30 | = | 0.0% |
| Recurring financial charges | 65 | €30 | €30 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €3,650 | -€2,053 | -€5,702 | |
| Profit (loss) for the period | 9904 | €3,650 | -€2,053 | -€5,702 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,650 | -€2,053 | -€5,702 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.