KCM Consulting: 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.
KCM Consulting
Largest movements
- Cash -€149,302
down €149,302 (-47.2%), from €315,983 to €166,681
mainly Current investments (-€102,267) and Contributions, distributions and other (-€51,666)
- Current investments +€102,267
up €102,267, from €0 to €102,267
- Receivables within one year +€18,547
up €18,547 (+42.9%), from €43,197 to €61,744
of which Other amounts receivable: +€22,451
- Tangible fixed assets +€12,449
up €12,449 (+5.5%), from €226,338 to €238,787
of which Land and buildings: +€96,816
- Other debts +€43,564
up €43,564 (+538%), from €8,102 to €51,666
- Reserves -€36,952
down €36,952 (-7.9%), from €466,232 to €429,280
of which Distributable reserves: -€36,952
- Debts after one year -€10,074
down €10,074 (-12.4%), from €81,270 to €71,197
- Gross operating margin -€24,902
down €24,902 (-27.7%), from €89,743 to €64,842
- Taxes -€8,926
down €8,926 (-51.0%), from €17,492 to €8,567
- Financial income -€4,499
down €4,499 (-73.7%), from €6,109 to €1,610
- Depreciation +€3,139
up €3,139 (+10.5%), from €29,862 to €33,001
- Financial charges +€2,193
up €2,193 (+42.9%), from €5,113 to €7,306
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 | €590,530 | €573,786 | -€16,744 | -2.8% |
| Fixed assets | 21/28 | €226,338 | €238,787 | +€12,449 | +5.5% |
| Tangible fixed assets | 22/27 | €226,338 | €238,787 | +€12,449 | +5.5% |
| Land and buildings | 22 | €70,721 | €167,537 | +€96,816 | +137% |
| Plant, machinery and equipment | 23 | €4,168 | €3,469 | -€699 | -16.8% |
| Furniture and vehicles | 24 | €89,582 | €67,780 | -€21,802 | -24.3% |
| Assets under construction and advance payments | 27 | €61,867 | €0 | -€61,867 | -100% |
| Current assets | 29/58 | €364,192 | €334,999 | -€29,193 | -8.0% |
| Amounts receivable within one year | 40/41 | €43,197 | €61,744 | +€18,547 | +42.9% |
| Trade receivables | 40 | €43,197 | €39,294 | -€3,903 | -9.0% |
| Other amounts receivable | 41 | €0 | €22,451 | +€22,451 | |
| Current investments | 50/53 | €0 | €102,267 | +€102,267 | |
| Cash at bank and in hand | 54/58 | €315,983 | €166,681 | -€149,302 | -47.2% |
| Deferred charges and accrued income | 490/1 | €5,012 | €4,306 | -€706 | -14.1% |
| Total equity and liabilities | 10/49 | €590,530 | €573,786 | -€16,744 | -2.8% |
| Equity | 10/15 | €472,432 | €435,480 | -€36,952 | -7.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €466,232 | €429,280 | -€36,952 | -7.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €466,232 | €429,280 | -€36,952 | -7.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €118,098 | €138,306 | +€20,208 | +17.1% |
| Amounts payable after more than one year | 17 | €81,270 | €71,197 | -€10,074 | -12.4% |
| Financial debts | 170/4 | €81,270 | €71,197 | -€10,074 | -12.4% |
| Amounts payable within one year | 42/48 | €36,828 | €67,109 | +€30,281 | +82.2% |
| Current portion of amounts payable after more than one year | 42 | €14,205 | €10,074 | -€4,131 | -29.1% |
| Trade debts | 44 | €6,424 | €2,631 | -€3,792 | -59.0% |
| Suppliers | 440/4 | €6,424 | €2,631 | -€3,792 | -59.0% |
| Taxes, remuneration and social security | 45 | €8,097 | €2,738 | -€5,359 | -66.2% |
| Taxes | 450/3 | €8,097 | €2,738 | -€5,359 | -66.2% |
| Other amounts payable | 47/48 | €8,102 | €51,666 | +€43,564 | +538% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,862 | €33,001 | +€3,139 | +10.5% |
| Other operating charges | 640/8 | €3,909 | €2,864 | -€1,045 | -26.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €89,743 | €64,842 | -€24,902 | -27.7% |
| Operating profit (loss) | 9901 | €55,972 | €28,977 | -€26,995 | -48.2% |
| Financial income | 75/76B | €6,109 | €1,610 | -€4,499 | -73.7% |
| Recurring financial income | 75 | €6,109 | €1,610 | -€4,499 | -73.7% |
| Financial charges | 65/66B | €5,113 | €7,306 | +€2,193 | +42.9% |
| Recurring financial charges | 65 | €5,113 | €7,306 | +€2,193 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | €56,968 | €23,281 | -€33,688 | -59.1% |
| Income taxes | 67/77 | €17,492 | €8,567 | -€8,926 | -51.0% |
| Profit (loss) for the period | 9904 | €39,476 | €14,714 | -€24,762 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,476 | €14,714 | -€24,762 | -62.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.