K.M.S.: 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.S.
Largest movements
- Receivables within one year +€124,938
up €124,938 (+68.2%), from €183,148 to €308,086
of which Other amounts receivable: +€82,846
- Profit (loss) carried forward +€75,684
up €75,684 (+29.1%), from -€259,857 to -€184,173
- Trade debts +€57,429
up €57,429 (+1,032%), from €5,566 to €62,995
- Tax, wage and social debts -€11,296
down €11,296 (-80.5%), from €14,037 to €2,741
- Gross operating margin +€21,496
up €21,496 (+55.8%), from €38,537 to €60,033
- Financial income +€3,299
up €3,299 (+23.1%), from €14,312 to €17,612
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.
Derived cash bridge
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 | €394,885 | €516,702 | +€121,817 | +30.8% |
| Fixed assets | 21/28 | €4,335 | €3,318 | -€1,018 | -23.5% |
| Tangible fixed assets | 22/27 | €4,335 | €3,318 | -€1,018 | -23.5% |
| Furniture and vehicles | 24 | €1,535 | €518 | -€1,018 | -66.3% |
| Other tangible fixed assets | 26 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €390,550 | €513,384 | +€122,834 | +31.5% |
| Amounts receivable after more than one year | 29 | €204,000 | €204,000 | = | 0.0% |
| Other amounts receivable | 291 | €204,000 | €204,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €183,148 | €308,086 | +€124,938 | +68.2% |
| Trade receivables | 40 | €12,291 | €54,382 | +€42,092 | +342% |
| Other amounts receivable | 41 | €170,857 | €253,704 | +€82,846 | +48.5% |
| Cash at bank and in hand | 54/58 | €3,262 | €1,298 | -€1,963 | -60.2% |
| Deferred charges and accrued income | 490/1 | €140 | - | -€140 | |
| Total equity and liabilities | 10/49 | €394,885 | €516,702 | +€121,817 | +30.8% |
| Equity | 10/15 | €166,352 | €242,036 | +€75,684 | +45.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €407,609 | €407,609 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €405,749 | €405,749 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€259,857 | -€184,173 | +€75,684 | +29.1% |
| Provisions and deferred taxes | 16 | €208,929 | €208,929 | = | 0.0% |
| Deferred taxes | 168 | €208,929 | €208,929 | = | 0.0% |
| Amounts payable | 17/49 | €19,603 | €65,736 | +€46,133 | +235% |
| Amounts payable within one year | 42/48 | €19,603 | €65,736 | +€46,133 | +235% |
| Trade debts | 44 | €5,566 | €62,995 | +€57,429 | +1,032% |
| Suppliers | 440/4 | €5,566 | €62,995 | +€57,429 | +1,032% |
| Taxes, remuneration and social security | 45 | €14,037 | €2,741 | -€11,296 | -80.5% |
| Taxes | 450/3 | €14,037 | €2,741 | -€11,296 | -80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,051 | €1,018 | -€34 | -3.2% |
| Other operating charges | 640/8 | €760 | €770 | +€9 | +1.2% |
| Gross operating margin | 9900 | €38,537 | €60,033 | +€21,496 | +55.8% |
| Operating profit (loss) | 9901 | €36,726 | €58,246 | +€21,520 | +58.6% |
| Financial income | 75/76B | €14,312 | €17,612 | +€3,299 | +23.1% |
| Recurring financial income | 75 | €14,312 | €17,612 | +€3,299 | +23.1% |
| Financial charges | 65/66B | €68 | €168 | +€100 | +145% |
| Recurring financial charges | 65 | €68 | €168 | +€100 | +145% |
| Profit (loss) for the period before taxes | 9903 | €50,970 | €75,690 | +€24,720 | +48.5% |
| Income taxes | 67/77 | €139 | €6 | -€134 | -95.9% |
| Profit (loss) for the period | 9904 | €50,830 | €75,684 | +€24,854 | +48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,830 | €75,684 | +€24,854 | +48.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.