K.P.M.D.: 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.P.M.D.
Largest movements
- Cash +€77,974
up €77,974 (+103.8%), from €75,105 to €153,080
mainly Net result for the year (+€52,492) and Trade debts (+€20,268)
- Tangible fixed assets +€9,008
up €9,008 (+62.1%), from €14,505 to €23,512
of which Other tangible fixed assets: +€6,622
- Receivables within one year -€2,361
down €2,361 (-18.5%), from €12,761 to €10,400
of which Other amounts receivable: -€2,361
- Reserves +€52,492
up €52,492 (+98.8%), from €53,103 to €105,595
- Trade debts +€20,268
up €20,268 (+95.1%), from €21,304 to €41,573
- Tax, wage and social debts +€10,892
up €10,892 (+46.8%), from €23,263 to €34,155
- Gross operating margin +€25,086
up €25,086 (+54.1%), from €46,405 to €71,491
- Taxes +€4,508
up €4,508 (+41.8%), from €10,783 to €15,291
- Depreciation -€927
down €927 (-40.4%), from €2,293 to €1,366
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 | €102,530 | €187,089 | +€84,559 | +82.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €14,505 | €23,512 | +€9,008 | +62.1% |
| Tangible fixed assets | 22/27 | €14,505 | €23,512 | +€9,008 | +62.1% |
| Furniture and vehicles | 24 | €3,540 | €5,925 | +€2,386 | +67.4% |
| Other tangible fixed assets | 26 | €10,965 | €17,587 | +€6,622 | +60.4% |
| Current assets | 29/58 | €88,025 | €163,577 | +€75,551 | +85.8% |
| Amounts receivable within one year | 40/41 | €12,761 | €10,400 | -€2,361 | -18.5% |
| Trade receivables | 40 | €9,875 | €9,875 | = | 0.0% |
| Other amounts receivable | 41 | €2,886 | €525 | -€2,361 | -81.8% |
| Cash at bank and in hand | 54/58 | €75,105 | €153,080 | +€77,974 | +103.8% |
| Deferred charges and accrued income | 490/1 | €159 | €97 | -€62 | -39.2% |
| Total equity and liabilities | 10/49 | €102,530 | €187,089 | +€84,559 | +82.5% |
| Equity | 10/15 | €57,103 | €109,595 | +€52,492 | +91.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €53,103 | €105,595 | +€52,492 | +98.8% |
| Distributable reserves | 133 | €53,103 | €105,595 | +€52,492 | +98.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,427 | €77,493 | +€32,067 | +70.6% |
| Amounts payable within one year | 42/48 | €45,427 | €77,312 | +€31,885 | +70.2% |
| Trade debts | 44 | €21,304 | €41,573 | +€20,268 | +95.1% |
| Suppliers | 440/4 | €21,304 | €41,573 | +€20,268 | +95.1% |
| Taxes, remuneration and social security | 45 | €23,263 | €34,155 | +€10,892 | +46.8% |
| Taxes | 450/3 | €23,263 | €34,155 | +€10,892 | +46.8% |
| Other amounts payable | 47/48 | €859 | €1,584 | +€725 | +84.4% |
| Accrued charges and deferred income | 492/3 | - | €182 | +€182 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,293 | €1,366 | -€927 | -40.4% |
| Other operating charges | 640/8 | €1,997 | €2,100 | +€103 | +5.1% |
| Gross operating margin | 9900 | €46,405 | €71,491 | +€25,086 | +54.1% |
| Operating profit (loss) | 9901 | €42,115 | €68,025 | +€25,910 | +61.5% |
| Financial income | 75/76B | €159 | €1 | -€158 | -99.6% |
| Recurring financial income | 75 | €159 | €1 | -€158 | -99.6% |
| Financial charges | 65/66B | €226 | €243 | +€17 | +7.4% |
| Recurring financial charges | 65 | €226 | €243 | +€17 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €42,048 | €67,783 | +€25,735 | +61.2% |
| Income taxes | 67/77 | €10,783 | €15,291 | +€4,508 | +41.8% |
| Profit (loss) for the period | 9904 | €31,265 | €52,492 | +€21,227 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,265 | €52,492 | +€21,227 | +67.9% |
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 8 October 2026 via checked.be.