KBMSTRATEGY: 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.
KBMSTRATEGY
Largest movements
- Receivables within one year +€7,388
up €7,388 (+80.1%), from €9,221 to €16,608
of which Trade receivables: +€4,579
- Tangible fixed assets -€3,220
no longer reported in 2025 (was €3,220)
of which Furniture and vehicles: -€2,536
- Profit (loss) carried forward +€29,761
up €29,761 (+93.8%), from -€31,726 to -€1,965
- Current portion of long-term debt -€10,942
no longer reported in 2025 (was €10,942)
- Other debts -€8,843
no longer reported in 2025 (was €8,843)
- Trade debts -€4,732
down €4,732 (-30.9%), from €15,312 to €10,580
- Tax, wage and social debts -€955
down €955 (-12.9%), from €7,395 to €6,440
- Gross operating margin +€22,971
up €22,971, from -€9,900 to €13,071
- Turnover +€17,848
new in 2025: €17,848
- Purchases and services +€4,190
new in 2025: €4,190
- Other operating charges -€3,540
down €3,540 (-95.7%), from €3,698 to €158
- Financial charges +€3,001
up €3,001 (+909.5%), from €330 to €3,331
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 | €13,265 | €17,555 | +€4,289 | +32.3% |
| Fixed assets | 21/28 | €4,045 | €940 | -€3,105 | -76.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,220 | - | -€3,220 | |
| Plant, machinery and equipment | 23 | €684 | - | -€684 | |
| Furniture and vehicles | 24 | €2,536 | - | -€2,536 | |
| Financial fixed assets | 28 | €825 | €940 | +€115 | +13.9% |
| Current assets | 29/58 | €9,221 | €16,615 | +€7,394 | +80.2% |
| Amounts receivable within one year | 40/41 | €9,221 | €16,608 | +€7,388 | +80.1% |
| Trade receivables | 40 | €9,221 | €13,800 | +€4,579 | +49.7% |
| Other amounts receivable | 41 | - | €2,808 | +€2,808 | |
| Cash at bank and in hand | 54/58 | €0 | €6 | +€6 | |
| Total equity and liabilities | 10/49 | €13,265 | €17,555 | +€4,289 | +32.3% |
| Equity | 10/15 | -€29,226 | €535 | +€29,761 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,726 | -€1,965 | +€29,761 | +93.8% |
| Amounts payable | 17/49 | €42,492 | €17,020 | -€25,472 | -59.9% |
| Amounts payable within one year | 42/48 | €42,492 | €17,020 | -€25,472 | -59.9% |
| Current portion of amounts payable after more than one year | 42 | €10,942 | - | -€10,942 | |
| Trade debts | 44 | €15,312 | €10,580 | -€4,732 | -30.9% |
| Suppliers | 440/4 | €15,312 | €10,580 | -€4,732 | -30.9% |
| Taxes, remuneration and social security | 45 | €7,395 | €6,440 | -€955 | -12.9% |
| Taxes | 450/3 | €7,395 | €6,440 | -€955 | -12.9% |
| Other amounts payable | 47/48 | €8,843 | - | -€8,843 | |
| Turnover | 70 | - | €17,848 | +€17,848 | |
| Non-recurring operating income | 76A | - | €9,413 | +€9,413 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €4,190 | +€4,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,228 | €1,405 | +€176 | +14.3% |
| Other operating charges | 640/8 | €3,698 | €158 | -€3,540 | -95.7% |
| Non-recurring operating charges | 66A | - | €2,734 | +€2,734 | |
| Gross operating margin | 9900 | -€9,900 | €13,071 | +€22,971 | |
| Operating profit (loss) | 9901 | -€14,827 | €8,774 | +€23,601 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -98.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -98.7% |
| Financial charges | 65/66B | €330 | €3,331 | +€3,001 | +909.5% |
| Recurring financial charges | 65 | €330 | €3,331 | +€3,001 | +909.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,154 | €5,443 | +€20,597 | |
| Income taxes | 67/77 | €100 | - | -€100 | |
| Profit (loss) for the period | 9904 | -€15,254 | €5,443 | +€20,697 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,254 | €5,443 | +€20,697 |
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 11 October 2026 via checked.be.