K.R.S.M.: 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.R.S.M.
Largest movements
- Tangible fixed assets -€7,840
down €7,840 (-20.5%), from €38,337 to €30,496
of which Furniture and vehicles: -€5,459
- Cash -€2,920
down €2,920 (-35.6%), from €8,204 to €5,284
mainly Other debts (-€40,000) and Contributions, distributions and other (-€25,000)
- Receivables within one year +€2,334
up €2,334 (+2.2%), from €106,714 to €109,049
of which Trade receivables: +€49,691
- Deferred charges and accrued income +€1,835
up €1,835 (+103%), from €1,778 to €3,613
- Profit (loss) carried forward +€51,514
up €51,514 (+191%), from €26,914 to €78,428
- Other debts -€40,000
down €40,000 (-61.5%), from €65,000 to €25,000
- Reserves -€12,750
down €12,750 (-87.3%), from €14,610 to €1,860
- Trade debts -€5,355
down €5,355 (-53.9%), from €9,934 to €4,579
- Gross operating margin -€6,937
down €6,937 (-7.0%), from €98,862 to €91,925
- Financial charges -€2,320
down €2,320 (-70.3%), from €3,298 to €978
of which Non-recurring financial charges: -€1,857
- Taxes -€2,082
down €2,082 (-11.0%), from €18,841 to €16,760
- Other operating charges +€1,729
up €1,729 (+521%), from €332 to €2,061
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 | €155,058 | €148,467 | -€6,591 | -4.3% |
| Fixed assets | 21/28 | €38,362 | €30,521 | -€7,840 | -20.4% |
| Tangible fixed assets | 22/27 | €38,337 | €30,496 | -€7,840 | -20.5% |
| Plant, machinery and equipment | 23 | €22,032 | €19,651 | -€2,382 | -10.8% |
| Furniture and vehicles | 24 | €16,304 | €10,845 | -€5,459 | -33.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €116,697 | €117,946 | +€1,249 | +1.1% |
| Amounts receivable within one year | 40/41 | €106,714 | €109,049 | +€2,334 | +2.2% |
| Trade receivables | 40 | - | €49,691 | +€49,691 | |
| Other amounts receivable | 41 | €106,714 | €59,358 | -€47,356 | -44.4% |
| Cash at bank and in hand | 54/58 | €8,204 | €5,284 | -€2,920 | -35.6% |
| Deferred charges and accrued income | 490/1 | €1,778 | €3,613 | +€1,835 | +103% |
| Total equity and liabilities | 10/49 | €155,058 | €148,467 | -€6,591 | -4.3% |
| Equity | 10/15 | €60,124 | €98,888 | +€38,764 | +64.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,610 | €1,860 | -€12,750 | -87.3% |
| Distributable reserves | 133 | €14,610 | €1,860 | -€12,750 | -87.3% |
| Profit (loss) carried forward | 14 | €26,914 | €78,428 | +€51,514 | +191% |
| Amounts payable | 17/49 | €94,934 | €49,579 | -€45,355 | -47.8% |
| Amounts payable within one year | 42/48 | €94,934 | €49,579 | -€45,355 | -47.8% |
| Financial debts | 43 | €20,000 | €20,000 | = | 0.0% |
| Credit institutions | 430/8 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €9,934 | €4,579 | -€5,355 | -53.9% |
| Suppliers | 440/4 | €9,934 | €4,579 | -€5,355 | -53.9% |
| Other amounts payable | 47/48 | €65,000 | €25,000 | -€40,000 | -61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,515 | €8,409 | +€894 | +11.9% |
| Other operating charges | 640/8 | €332 | €2,061 | +€1,729 | +521% |
| Gross operating margin | 9900 | €98,862 | €91,925 | -€6,937 | -7.0% |
| Operating profit (loss) | 9901 | €91,015 | €81,454 | -€9,561 | -10.5% |
| Financial income | 75/76B | - | €48 | +€48 | |
| Recurring financial income | 75 | - | €48 | +€48 | |
| Financial charges | 65/66B | €3,298 | €978 | -€2,320 | -70.3% |
| Recurring financial charges | 65 | €1,441 | €978 | -€463 | -32.1% |
| Non-recurring financial charges | 66B | €1,857 | - | -€1,857 | |
| Profit (loss) for the period before taxes | 9903 | €87,717 | €80,524 | -€7,194 | -8.2% |
| Income taxes | 67/77 | €18,841 | €16,760 | -€2,082 | -11.0% |
| Profit (loss) for the period | 9904 | €68,876 | €63,764 | -€5,112 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €68,876 | €63,764 | -€5,112 | -7.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.