K-MIL: what changed
Two fiscal 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-MIL
Largest movements
- Tangible fixed assets -€16,158
down €16,158 (-11.6%), from €139,253 to €123,095
- Current portion of long-term debt -€16,637
no longer reported in 2025 (was €16,637)
- Debts after one year +€11,086
up €11,086 (+7.2%), from €154,363 to €165,449
- Profit (loss) carried forward -€4,166
down €4,166 (-5.9%), from -€71,024 to -€75,191
- Other debts -€3,964
down €3,964 (-20.9%), from €18,948 to €14,984
- Trade debts -€2,477
down €2,477 (-91.7%), from €2,701 to €224
- Gross operating margin -€1,052
down €1,052 (-4.9%), from €21,274 to €20,223
- Other operating charges +€459
up €459 (+13.2%), from €3,473 to €3,932
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.
Cash bridge derived
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 | €140,225 | €124,065 | -€16,159 | -11.5% |
| Fixed assets | 21/28 | €139,253 | €123,095 | -€16,158 | -11.6% |
| Tangible fixed assets | 22/27 | €139,253 | €123,095 | -€16,158 | -11.6% |
| Land and buildings | 22 | €139,253 | €123,095 | -€16,158 | -11.6% |
| Current assets | 29/58 | €972 | €970 | -€2 | -0.2% |
| Cash at bank and in hand | 54/58 | €972 | €970 | -€2 | -0.2% |
| Total equity and liabilities | 10/49 | €140,225 | €124,065 | -€16,159 | -11.5% |
| Equity | 10/15 | -€52,424 | -€56,591 | -€4,166 | -7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,024 | -€75,191 | -€4,166 | -5.9% |
| Amounts payable | 17/49 | €192,649 | €180,656 | -€11,993 | -6.2% |
| Amounts payable after more than one year | 17 | €154,363 | €165,449 | +€11,086 | +7.2% |
| Financial debts | 170/4 | €154,363 | €165,449 | +€11,086 | +7.2% |
| Amounts payable within one year | 42/48 | €38,286 | €15,207 | -€23,079 | -60.3% |
| Current portion of amounts payable after more than one year | 42 | €16,637 | - | -€16,637 | |
| Trade debts | 44 | €2,701 | €224 | -€2,477 | -91.7% |
| Suppliers | 440/4 | €2,701 | €224 | -€2,477 | -91.7% |
| Other amounts payable | 47/48 | €18,948 | €14,984 | -€3,964 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,158 | €16,158 | = | 0.0% |
| Other operating charges | 640/8 | €3,473 | €3,932 | +€459 | +13.2% |
| Gross operating margin | 9900 | €21,274 | €20,223 | -€1,052 | -4.9% |
| Operating profit (loss) | 9901 | €1,643 | €133 | -€1,510 | -91.9% |
| Financial charges | 65/66B | €4,480 | €4,299 | -€180 | -4.0% |
| Recurring financial charges | 65 | €4,480 | €4,299 | -€180 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,837 | -€4,166 | -€1,330 | -46.9% |
| Profit (loss) for the period | 9904 | -€2,837 | -€4,166 | -€1,330 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,837 | -€4,166 | -€1,330 | -46.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.