KBxMC: what changed
Two fiscal 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.
KBxMC
Largest movements
- Receivables within one year -€183,042
down €183,042 (-70.1%), from €261,168 to €78,126
- Deferred charges and accrued income -€68,888
down €68,888 (-85.1%), from €80,967 to €12,079
- Stocks and contracts +€16,632
new in 2025: €16,632
- Cash +€13,649
up €13,649 (+52.1%), from €26,185 to €39,834
mainly Receivables within one year (+€183,042) and Deferred charges and accrued income (+€68,888)
- Tangible fixed assets +€12,163
up €12,163 (+30.4%), from €40,035 to €52,198
of which Land and buildings: +€14,790
- Trade debts -€166,962
down €166,962 (-85.4%), from €195,492 to €28,530
- Other debts -€34,794
down €34,794 (-55.3%), from €62,948 to €28,154
- Accrued charges and deferred income -€13,495
down €13,495 (-46.9%), from €28,766 to €15,271
- Gross operating margin +€117,219
up €117,219, from -€100,420 to €16,799
- Staff costs -€1,903
down €1,903 (-63.4%), from €3,001 to €1,097
- Other operating charges +€1,134
up €1,134 (+72.1%), from €1,573 to €2,707
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 | €408,354 | €198,869 | -€209,485 | -51.3% |
| Fixed assets | 21/28 | €40,035 | €52,198 | +€12,163 | +30.4% |
| Tangible fixed assets | 22/27 | €40,035 | €52,198 | +€12,163 | +30.4% |
| Land and buildings | 22 | €29,300 | €44,090 | +€14,790 | +50.5% |
| Plant, machinery and equipment | 23 | €10,001 | €6,874 | -€3,127 | -31.3% |
| Furniture and vehicles | 24 | €733 | €1,234 | +€500 | +68.2% |
| Current assets | 29/58 | €368,319 | €146,671 | -€221,648 | -60.2% |
| Stocks and contracts in progress | 3 | - | €16,632 | +€16,632 | |
| Stocks | 30/36 | - | €16,632 | +€16,632 | |
| Amounts receivable within one year | 40/41 | €261,168 | €78,126 | -€183,042 | -70.1% |
| Trade receivables | 40 | €261,168 | €78,126 | -€183,042 | -70.1% |
| Cash at bank and in hand | 54/58 | €26,185 | €39,834 | +€13,649 | +52.1% |
| Deferred charges and accrued income | 490/1 | €80,967 | €12,079 | -€68,888 | -85.1% |
| Total equity and liabilities | 10/49 | €408,354 | €198,869 | -€209,485 | -51.3% |
| Equity | 10/15 | €93,062 | €95,943 | +€2,881 | +3.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €117,094 | €117,094 | = | 0.0% |
| Distributable reserves | 133 | €117,094 | €117,094 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,432 | -€33,551 | +€2,881 | +7.9% |
| Amounts payable | 17/49 | €315,292 | €102,925 | -€212,366 | -67.4% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €266,526 | €67,654 | -€198,871 | -74.6% |
| Trade debts | 44 | €195,492 | €28,530 | -€166,962 | -85.4% |
| Suppliers | 440/4 | €195,492 | €28,530 | -€166,962 | -85.4% |
| Taxes, remuneration and social security | 45 | €8,086 | €10,970 | +€2,885 | +35.7% |
| Taxes | 450/3 | €8,086 | €10,970 | +€2,885 | +35.7% |
| Other amounts payable | 47/48 | €62,948 | €28,154 | -€34,794 | -55.3% |
| Accrued charges and deferred income | 492/3 | €28,766 | €15,271 | -€13,495 | -46.9% |
| Remuneration, social security and pensions | 62 | €3,001 | €1,097 | -€1,903 | -63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,044 | €4,137 | -€907 | -18.0% |
| Other operating charges | 640/8 | €1,573 | €2,707 | +€1,134 | +72.1% |
| Gross operating margin | 9900 | -€100,420 | €16,799 | +€117,219 | |
| Operating profit (loss) | 9901 | -€110,038 | €8,858 | +€118,896 | |
| Financial income | 75/76B | €8 | €19 | +€11 | +130.9% |
| Recurring financial income | 75 | €8 | €19 | +€11 | +130.9% |
| Financial charges | 65/66B | €6,277 | €5,664 | -€612 | -9.8% |
| Recurring financial charges | 65 | €6,277 | €5,664 | -€612 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€116,306 | €3,213 | +€119,519 | |
| Income taxes | 67/77 | €311 | €332 | +€21 | +6.7% |
| Profit (loss) for the period | 9904 | -€116,617 | €2,881 | +€119,498 | |
| Profit (loss) for the period to be appropriated | 9905 | -€116,617 | €2,881 | +€119,498 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.