KCM: 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.
KCM
Largest movements
- Tangible fixed assets +€86,415
up €86,415 (+829.3%), from €10,421 to €96,835
of which Furniture and vehicles: +€82,837
- Receivables within one year +€22,841
up €22,841 (+21.9%), from €104,396 to €127,237
of which Other amounts receivable: +€30,357
- Cash +€3,958
up €3,958 (+16.8%), from €23,580 to €27,539
mainly Debts after one year (+€62,880) and Net result for the year (+€45,771)
- Deferred charges and accrued income +€2,759
new in 2024: €2,759
- Debts after one year +€62,880
new in 2024: €62,880
- Profit (loss) carried forward +€45,771
up €45,771 (+56.3%), from €81,285 to €127,056
- Tax, wage and social debts -€17,100
down €17,100 (-38.0%), from €45,000 to €27,900
of which Taxes: -€17,155
- Current portion of long-term debt +€15,909
new in 2024: €15,909
- Trade debts +€8,931
up €8,931 (+84.9%), from €10,522 to €19,453
- Purchases and services +€190,231
new in 2024: €190,231
- Depreciation +€21,618
up €21,618 (+1062.3%), from €2,035 to €23,652
- Taxes -€8,333
down €8,333 (-37.9%), from €22,000 to €13,667
- Gross operating margin -€8,195
down €8,195 (-7.6%), from €108,154 to €99,959
- Other operating charges +€8,023
up €8,023 (+415.7%), from €1,930 to €9,953
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €139,310 | €255,283 | +€115,973 | +83.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €10,421 | €96,835 | +€86,415 | +829.3% |
| Tangible fixed assets | 22/27 | €10,421 | €96,835 | +€86,415 | +829.3% |
| Plant, machinery and equipment | 23 | - | €3,578 | +€3,578 | |
| Furniture and vehicles | 24 | €10,421 | €93,258 | +€82,837 | +794.9% |
| Current assets | 29/58 | €128,889 | €158,448 | +€29,559 | +22.9% |
| Stocks and contracts in progress | 3 | €913 | €913 | = | 0.0% |
| Stocks | 30/36 | €913 | €913 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €104,396 | €127,237 | +€22,841 | +21.9% |
| Trade receivables | 40 | €47,247 | €39,730 | -€7,516 | -15.9% |
| Other amounts receivable | 41 | €57,149 | €87,506 | +€30,357 | +53.1% |
| Cash at bank and in hand | 54/58 | €23,580 | €27,539 | +€3,958 | +16.8% |
| Deferred charges and accrued income | 490/1 | - | €2,759 | +€2,759 | |
| Total equity and liabilities | 10/49 | €139,310 | €255,283 | +€115,973 | +83.2% |
| Equity | 10/15 | €83,285 | €129,056 | +€45,771 | +55.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,285 | €127,056 | +€45,771 | +56.3% |
| Amounts payable | 17/49 | €56,025 | €126,228 | +€70,203 | +125.3% |
| Amounts payable after more than one year | 17 | - | €62,880 | +€62,880 | |
| Financial debts | 170/4 | - | €62,880 | +€62,880 | |
| Amounts payable within one year | 42/48 | €55,522 | €63,262 | +€7,740 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | - | €15,909 | +€15,909 | |
| Trade debts | 44 | €10,522 | €19,453 | +€8,931 | +84.9% |
| Suppliers | 440/4 | €10,522 | €19,453 | +€8,931 | +84.9% |
| Taxes, remuneration and social security | 45 | €45,000 | €27,900 | -€17,100 | -38.0% |
| Taxes | 450/3 | €40,929 | €23,774 | -€17,155 | -41.9% |
| Remuneration and social security | 454/9 | €4,072 | €4,126 | +€55 | +1.3% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | €503 | €86 | -€417 | -82.9% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €190,231 | +€190,231 | |
| Remuneration, social security and pensions | 62 | €417 | €1,582 | +€1,165 | +279.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,035 | €23,652 | +€21,618 | +1062.3% |
| Other operating charges | 640/8 | €1,930 | €9,953 | +€8,023 | +415.7% |
| Gross operating margin | 9900 | €108,154 | €99,959 | -€8,195 | -7.6% |
| Operating profit (loss) | 9901 | €103,773 | €64,771 | -€39,001 | -37.6% |
| Financial income | 75/76B | €0 | €3 | +€3 | +16400.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +16400.0% |
| Financial charges | 65/66B | €488 | €5,337 | +€4,850 | +994.5% |
| Recurring financial charges | 65 | €488 | €5,337 | +€4,850 | +994.5% |
| Profit (loss) for the period before taxes | 9903 | €103,285 | €59,437 | -€43,848 | -42.5% |
| Income taxes | 67/77 | €22,000 | €13,667 | -€8,333 | -37.9% |
| Profit (loss) for the period | 9904 | €81,285 | €45,771 | -€35,514 | -43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €81,285 | €45,771 | -€35,514 | -43.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.