K.M.T.: 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.T.
Largest movements
- Cash +€65,773
up €65,773 (+34.3%), from €191,727 to €257,500
mainly Net result for the year (+€50,080) and Debts after one year (+€25,000)
- Tangible fixed assets -€17,124
down €17,124 (-17.4%), from €98,171 to €81,046
of which Furniture and vehicles: -€13,523
- Receivables within one year -€7,411
down €7,411 (-17.1%), from €43,372 to €35,961
of which Trade receivables: -€6,641
- Reserves +€49,347
up €49,347 (+23.2%), from €213,107 to €262,454
of which Distributable reserves: +€51,000
- Debts after one year +€25,000
up €25,000 (+41.7%), from €60,000 to €85,000
- Other debts -€19,558
down €19,558 (-87.5%), from €22,344 to €2,787
- Tax, wage and social debts -€13,468
down €13,468 (-57.5%), from €23,420 to €9,952
- Gross operating margin -€10,420
down €10,420 (-9.9%), from €105,733 to €95,313
- Depreciation -€2,800
down €2,800 (-14.1%), from €19,924 to €17,124
- Other operating charges -€2,418
down €2,418 (-39.2%), from €6,168 to €3,750
- Taxes -€2,029
down €2,029 (-7.7%), from €26,342 to €24,314
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 | €335,835 | €378,037 | +€42,202 | +12.6% |
| Fixed assets | 21/28 | €98,171 | €81,046 | -€17,124 | -17.4% |
| Tangible fixed assets | 22/27 | €98,171 | €81,046 | -€17,124 | -17.4% |
| Land and buildings | 22 | €48,468 | €44,867 | -€3,601 | -7.4% |
| Furniture and vehicles | 24 | €49,703 | €36,179 | -€13,523 | -27.2% |
| Current assets | 29/58 | €237,664 | €296,991 | +€59,327 | +25.0% |
| Amounts receivable within one year | 40/41 | €43,372 | €35,961 | -€7,411 | -17.1% |
| Trade receivables | 40 | €39,261 | €32,621 | -€6,641 | -16.9% |
| Other amounts receivable | 41 | €4,111 | €3,341 | -€770 | -18.7% |
| Cash at bank and in hand | 54/58 | €191,727 | €257,500 | +€65,773 | +34.3% |
| Deferred charges and accrued income | 490/1 | €2,565 | €3,530 | +€965 | +37.6% |
| Total equity and liabilities | 10/49 | €335,835 | €378,037 | +€42,202 | +12.6% |
| Equity | 10/15 | €226,183 | €276,263 | +€50,080 | +22.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €213,107 | €262,454 | +€49,347 | +23.2% |
| 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 | €23,747 | €22,094 | -€1,653 | -7.0% |
| Distributable reserves | 133 | €187,500 | €238,500 | +€51,000 | +27.2% |
| Profit (loss) carried forward | 14 | €6,875 | €7,608 | +€733 | +10.7% |
| Provisions and deferred taxes | 16 | €1,530 | €1,116 | -€413 | -27.0% |
| Deferred taxes | 168 | €1,530 | €1,116 | -€413 | -27.0% |
| Amounts payable | 17/49 | €108,123 | €100,659 | -€7,464 | -6.9% |
| Amounts payable after more than one year | 17 | €60,000 | €85,000 | +€25,000 | +41.7% |
| Other amounts payable | 178/9 | €60,000 | €85,000 | +€25,000 | +41.7% |
| Amounts payable within one year | 42/48 | €48,123 | €15,659 | -€32,464 | -67.5% |
| Trade debts | 44 | €2,358 | €2,920 | +€562 | +23.8% |
| Suppliers | 440/4 | €2,358 | €2,920 | +€562 | +23.8% |
| Taxes, remuneration and social security | 45 | €23,420 | €9,952 | -€13,468 | -57.5% |
| Taxes | 450/3 | €23,420 | €9,952 | -€13,468 | -57.5% |
| Other amounts payable | 47/48 | €22,344 | €2,787 | -€19,558 | -87.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,924 | €17,124 | -€2,800 | -14.1% |
| Other operating charges | 640/8 | €6,168 | €3,750 | -€2,418 | -39.2% |
| Gross operating margin | 9900 | €105,733 | €95,313 | -€10,420 | -9.9% |
| Operating profit (loss) | 9901 | €79,640 | €74,438 | -€5,202 | -6.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €473 | €458 | -€15 | -3.2% |
| Recurring financial charges | 65 | €473 | €458 | -€15 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €79,167 | €73,980 | -€5,187 | -6.6% |
| Transfer from deferred taxes | 780 | €413 | €413 | = | 0.0% |
| Income taxes | 67/77 | €26,342 | €24,314 | -€2,029 | -7.7% |
| Profit (loss) for the period | 9904 | €53,238 | €50,080 | -€3,158 | -5.9% |
| Transfer from tax-exempt reserves | 789 | €1,653 | €1,653 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,891 | €51,733 | -€3,158 | -5.8% |
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 24 October 2026 via checked.be.