KBMH: 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.
KBMH
Largest movements
- Receivables within one year +€85,903
up €85,903 (+415%), from €20,697 to €106,599
of which Trade receivables: +€63,880
- Stocks and contracts +€5,251
new in 2025: €5,251
- Cash +€2,427
up €2,427 (+1,286%), from €189 to €2,616
mainly Trade debts (+€85,848) and Net result for the year (+€5,879)
- Trade debts +€85,848
up €85,848 (+521%), from €16,465 to €102,313
- Profit (loss) carried forward +€5,879
up €5,879 (+230%), from €2,555 to €8,435
- Tax, wage and social debts +€2,068
up €2,068 (+63.8%), from €3,243 to €5,311
- Gross operating margin +€8,395
up €8,395 (+241%), from €3,483 to €11,878
- Staff costs +€5,743
new in 2025: €5,743
- Financial income +€625
new in 2025: €625
- Other operating charges -€400
no longer reported in 2025 (was €400)
- Financial charges +€324
up €324 (+85.5%), from €378 to €702
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 | €22,526 | €116,058 | +€93,533 | +415% |
| Fixed assets | 21/28 | €1,641 | €1,592 | -€48 | -3.0% |
| Tangible fixed assets | 22/27 | €1,641 | €1,462 | -€179 | -10.9% |
| Plant, machinery and equipment | 23 | €1,641 | €1,462 | -€179 | -10.9% |
| Financial fixed assets | 28 | - | €131 | +€131 | |
| Current assets | 29/58 | €20,885 | €114,466 | +€93,581 | +448% |
| Stocks and contracts in progress | 3 | - | €5,251 | +€5,251 | |
| Stocks | 30/36 | - | €5,251 | +€5,251 | |
| Amounts receivable within one year | 40/41 | €20,697 | €106,599 | +€85,903 | +415% |
| Trade receivables | 40 | €16,497 | €80,377 | +€63,880 | +387% |
| Other amounts receivable | 41 | €4,200 | €26,223 | +€22,023 | +524% |
| Cash at bank and in hand | 54/58 | €189 | €2,616 | +€2,427 | +1,286% |
| Total equity and liabilities | 10/49 | €22,526 | €116,058 | +€93,533 | +415% |
| Equity | 10/15 | €2,555 | €8,435 | +€5,879 | +230% |
| Profit (loss) carried forward | 14 | €2,555 | €8,435 | +€5,879 | +230% |
| Amounts payable | 17/49 | €19,971 | €107,624 | +€87,653 | +439% |
| Amounts payable within one year | 42/48 | €19,971 | €107,624 | +€87,653 | +439% |
| Trade debts | 44 | €16,465 | €102,313 | +€85,848 | +521% |
| Suppliers | 440/4 | €16,465 | €102,313 | +€85,848 | +521% |
| Taxes, remuneration and social security | 45 | €3,243 | €5,311 | +€2,068 | +63.8% |
| Taxes | 450/3 | €3,243 | €5,311 | +€2,068 | +63.8% |
| Other amounts payable | 47/48 | €263 | - | -€263 | |
| Remuneration, social security and pensions | 62 | - | €5,743 | +€5,743 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149 | €179 | +€30 | +19.7% |
| Other operating charges | 640/8 | €400 | - | -€400 | |
| Gross operating margin | 9900 | €3,483 | €11,878 | +€8,395 | +241% |
| Operating profit (loss) | 9901 | €2,934 | €5,957 | +€3,023 | +103% |
| Financial income | 75/76B | - | €625 | +€625 | |
| Recurring financial income | 75 | - | €625 | +€625 | |
| Financial charges | 65/66B | €378 | €702 | +€324 | +85.5% |
| Recurring financial charges | 65 | €378 | €702 | +€324 | +85.5% |
| Profit (loss) for the period before taxes | 9903 | €2,555 | €5,879 | +€3,324 | +130% |
| Profit (loss) for the period | 9904 | €2,555 | €5,879 | +€3,324 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €2,555 | €5,879 | +€3,324 | +130% |
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 18 October 2026 via checked.be.