Kahlmeyer Consulting: 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.
Kahlmeyer Consulting
Largest movements
- Cash -€26,908
down €26,908 (-34.3%), from €78,500 to €51,593
mainly Trade debts (-€55,581) and Advances received (-€9,287)
- Receivables within one year -€19,968
down €19,968 (-10.8%), from €185,002 to €165,035
of which Trade receivables: -€12,480
- Deferred charges and accrued income +€4,206
up €4,206 (+21.2%), from €19,848 to €24,053
- Tangible fixed assets -€3,879
down €3,879 (-11.6%), from €33,323 to €29,443
of which Land and buildings: -€2,577
- Trade debts -€55,581
down €55,581 (-63.1%), from €88,091 to €32,510
- Profit (loss) carried forward +€9,781
up €9,781 (+24.4%), from -€40,095 to -€30,314
- Advances received -€9,287
down €9,287 (-48.8%), from €19,028 to €9,741
- Tax, wage and social debts +€7,172
up €7,172 (+50.1%), from €14,305 to €21,477
of which Remuneration and social security: +€6,733
- Gross operating margin +€15,263
up €15,263 (+7.2%), from €210,609 to €225,872
- Write-downs +€14,265
new in 2025: €14,265
- Financial income -€7,703
down €7,703 (-100.0%), from €7,703 to €0
- Staff costs +€4,682
up €4,682 (+2.8%), from €170,062 to €174,744
- Taxes -€2,506
down €2,506 (-28.9%), from €8,677 to €6,171
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 | €317,924 | €271,375 | -€46,549 | -14.6% |
| Fixed assets | 21/28 | €34,573 | €30,694 | -€3,879 | -11.2% |
| Tangible fixed assets | 22/27 | €33,323 | €29,443 | -€3,879 | -11.6% |
| Land and buildings | 22 | €30,775 | €28,198 | -€2,577 | -8.4% |
| Furniture and vehicles | 24 | €2,548 | €1,246 | -€1,302 | -51.1% |
| Financial fixed assets | 28 | €1,251 | €1,251 | = | 0.0% |
| Current assets | 29/58 | €283,351 | €240,681 | -€42,670 | -15.1% |
| Amounts receivable within one year | 40/41 | €185,002 | €165,035 | -€19,968 | -10.8% |
| Trade receivables | 40 | €156,731 | €144,251 | -€12,480 | -8.0% |
| Other amounts receivable | 41 | €28,272 | €20,784 | -€7,488 | -26.5% |
| Cash at bank and in hand | 54/58 | €78,500 | €51,593 | -€26,908 | -34.3% |
| Deferred charges and accrued income | 490/1 | €19,848 | €24,053 | +€4,206 | +21.2% |
| Total equity and liabilities | 10/49 | €317,924 | €271,375 | -€46,549 | -14.6% |
| Equity | 10/15 | €153,865 | €163,646 | +€9,781 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €175,360 | €175,360 | = | 0.0% |
| Distributable reserves | 133 | €175,360 | €175,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,095 | -€30,314 | +€9,781 | +24.4% |
| Amounts payable | 17/49 | €164,059 | €107,728 | -€56,330 | -34.3% |
| Amounts payable within one year | 42/48 | €164,059 | €107,728 | -€56,330 | -34.3% |
| Financial debts | 43 | €42,635 | €44,000 | +€1,365 | +3.2% |
| Credit institutions | 430/8 | €42,635 | €44,000 | +€1,365 | +3.2% |
| Trade debts | 44 | €88,091 | €32,510 | -€55,581 | -63.1% |
| Suppliers | 440/4 | €88,091 | €32,510 | -€55,581 | -63.1% |
| Advances received on contracts in progress | 46 | €19,028 | €9,741 | -€9,287 | -48.8% |
| Taxes, remuneration and social security | 45 | €14,305 | €21,477 | +€7,172 | +50.1% |
| Taxes | 450/3 | €0 | €439 | +€439 | |
| Remuneration and social security | 454/9 | €14,305 | €21,038 | +€6,733 | +47.1% |
| Remuneration, social security and pensions | 62 | €170,062 | €174,744 | +€4,682 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,777 | €3,879 | -€898 | -18.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,265 | +€14,265 | |
| Other operating charges | 640/8 | €758 | €469 | -€289 | -38.1% |
| Gross operating margin | 9900 | €210,609 | €225,872 | +€15,263 | +7.2% |
| Operating profit (loss) | 9901 | €35,012 | €32,514 | -€2,497 | -7.1% |
| Financial income | 75/76B | €7,703 | €0 | -€7,703 | -100.0% |
| Recurring financial income | 75 | €7,703 | €0 | -€7,703 | -100.0% |
| Financial charges | 65/66B | €14,431 | €16,563 | +€2,132 | +14.8% |
| Recurring financial charges | 65 | €14,431 | €16,563 | +€2,132 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €28,284 | €15,952 | -€12,332 | -43.6% |
| Income taxes | 67/77 | €8,677 | €6,171 | -€2,506 | -28.9% |
| Profit (loss) for the period | 9904 | €19,607 | €9,781 | -€9,826 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,607 | €9,781 | -€9,826 | -50.1% |
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 30 October 2026 via checked.be.