KBMC: 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.
KBMC
Largest movements
- Cash +€35,132
up €35,132 (+14.6%), from €239,982 to €275,114
mainly Other debts (+€114,792) and Net result for the year (+€73,775)
- Receivables within one year +€9,553
up €9,553 (+94.3%), from €10,134 to €19,687
of which Trade receivables: +€9,553
- Tangible fixed assets -€6,667
down €6,667 (-14.0%), from €47,620 to €40,952
of which Furniture and vehicles: -€11,120
- Other debts +€114,792
up €114,792 (+353.5%), from €32,469 to €147,260
- Reserves -€85,049
down €85,049 (-36.5%), from €233,038 to €147,989
- Tax, wage and social debts +€15,125
up €15,125 (+309.9%), from €4,881 to €20,006
- Debts after one year -€7,689
down €7,689 (-51.1%), from €15,048 to €7,359
- Gross operating margin +€9,931
up €9,931 (+10.2%), from €96,895 to €106,827
- Taxes +€1,995
up €1,995 (+11.8%), from €16,941 to €18,936
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 | €299,412 | €337,504 | +€38,092 | +12.7% |
| Fixed assets | 21/28 | €47,620 | €40,952 | -€6,667 | -14.0% |
| Tangible fixed assets | 22/27 | €47,620 | €40,952 | -€6,667 | -14.0% |
| Plant, machinery and equipment | 23 | €3,374 | €8,450 | +€5,076 | +150.4% |
| Furniture and vehicles | 24 | €41,670 | €30,550 | -€11,120 | -26.7% |
| Other tangible fixed assets | 26 | €2,575 | €1,953 | -€622 | -24.2% |
| Current assets | 29/58 | €251,793 | €296,552 | +€44,759 | +17.8% |
| Amounts receivable within one year | 40/41 | €10,134 | €19,687 | +€9,553 | +94.3% |
| Trade receivables | 40 | €10,134 | €19,687 | +€9,553 | +94.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €239,982 | €275,114 | +€35,132 | +14.6% |
| Deferred charges and accrued income | 490/1 | €1,677 | €1,751 | +€74 | +4.4% |
| Total equity and liabilities | 10/49 | €299,412 | €337,504 | +€38,092 | +12.7% |
| Equity | 10/15 | €238,038 | €152,989 | -€85,049 | -35.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €233,038 | €147,989 | -€85,049 | -36.5% |
| Distributable reserves | 133 | €233,038 | €147,989 | -€85,049 | -36.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €61,374 | €184,515 | +€123,141 | +200.6% |
| Amounts payable after more than one year | 17 | €15,048 | €7,359 | -€7,689 | -51.1% |
| Financial debts | 170/4 | €15,048 | €7,359 | -€7,689 | -51.1% |
| Amounts payable within one year | 42/48 | €46,326 | €177,156 | +€130,830 | +282.4% |
| Current portion of amounts payable after more than one year | 42 | €7,352 | €7,689 | +€338 | +4.6% |
| Trade debts | 44 | €1,625 | €2,200 | +€575 | +35.4% |
| Suppliers | 440/4 | €1,625 | €2,200 | +€575 | +35.4% |
| Taxes, remuneration and social security | 45 | €4,881 | €20,006 | +€15,125 | +309.9% |
| Taxes | 450/3 | €4,881 | €20,006 | +€15,125 | +309.9% |
| Other amounts payable | 47/48 | €32,469 | €147,260 | +€114,792 | +353.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,121 | €13,121 | -€0 | 0.0% |
| Other operating charges | 640/8 | €614 | €908 | +€294 | +47.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €96,895 | €106,827 | +€9,931 | +10.2% |
| Operating profit (loss) | 9901 | €83,161 | €92,798 | +€9,638 | +11.6% |
| Financial income | 75/76B | €1,099 | €946 | -€153 | -13.9% |
| Recurring financial income | 75 | €1,099 | €946 | -€153 | -13.9% |
| Financial charges | 65/66B | €1,321 | €1,033 | -€288 | -21.8% |
| Recurring financial charges | 65 | €1,321 | €1,033 | -€288 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €82,939 | €92,711 | +€9,772 | +11.8% |
| Income taxes | 67/77 | €16,941 | €18,936 | +€1,995 | +11.8% |
| Profit (loss) for the period | 9904 | €65,997 | €73,775 | +€7,778 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €65,997 | €73,775 | +€7,778 | +11.8% |
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 9 October 2026 via checked.be.