KCM StageMusic: 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 StageMusic
Largest movements
- Tangible fixed assets -€33,268
down €33,268 (-8.9%), from €375,424 to €342,156
of which Furniture and vehicles: -€16,945
- Cash +€18,287
up €18,287 (+18.7%), from €97,646 to €115,932
mainly Depreciation (+€19,949) and Investment in fixed assets (net) (+€13,318)
- Receivables within one year +€13,370
up €13,370 (+586%), from €2,283 to €15,653
of which Trade receivables: +€7,977
- Reserves +€12,427
up €12,427 (+3.0%), from €413,760 to €426,188
of which Distributable reserves: +€21,200
- Other debts -€9,373
down €9,373 (-76.0%), from €12,338 to €2,965
- Gross operating margin +€7,754
up €7,754 (+20.9%), from €37,043 to €44,798
- Depreciation -€7,422
down €7,422 (-27.1%), from €27,371 to €19,949
- Taxes +€5,092
up €5,092 (+64.0%), from €7,959 to €13,052
- Financial charges -€1,512
down €1,512 (-91.0%), from €1,661 to €149
of which Financial charges: -€1,175
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 | €475,353 | €473,742 | -€1,611 | -0.3% |
| Fixed assets | 21/28 | €375,424 | €342,156 | -€33,268 | -8.9% |
| Tangible fixed assets | 22/27 | €375,424 | €342,156 | -€33,268 | -8.9% |
| Land and buildings | 22 | €114,348 | €106,551 | -€7,797 | -6.8% |
| Plant, machinery and equipment | 23 | €56,700 | €54,060 | -€2,640 | -4.7% |
| Furniture and vehicles | 24 | €23,632 | €6,687 | -€16,945 | -71.7% |
| Other tangible fixed assets | 26 | €180,744 | €174,859 | -€5,885 | -3.3% |
| Current assets | 29/58 | €99,929 | €131,586 | +€31,657 | +31.7% |
| Amounts receivable within one year | 40/41 | €2,283 | €15,653 | +€13,370 | +586% |
| Trade receivables | 40 | - | €7,977 | +€7,977 | |
| Other amounts receivable | 41 | €2,283 | €7,677 | +€5,394 | +236% |
| Cash at bank and in hand | 54/58 | €97,646 | €115,932 | +€18,287 | +18.7% |
| Total equity and liabilities | 10/49 | €475,353 | €473,742 | -€1,611 | -0.3% |
| Equity | 10/15 | €432,950 | €445,385 | +€12,435 | +2.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €413,760 | €426,188 | +€12,427 | +3.0% |
| Non-distributable reserves | 130/1 | €9,296 | €9,296 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,296 | €9,296 | = | 0.0% |
| Tax-exempt reserves | 132 | €67,210 | €58,438 | -€8,773 | -13.1% |
| Distributable reserves | 133 | €337,254 | €358,454 | +€21,200 | +6.3% |
| Profit (loss) carried forward | 14 | €640 | €647 | +€7 | +1.1% |
| Provisions and deferred taxes | 16 | €28,232 | €24,547 | -€3,685 | -13.1% |
| Deferred taxes | 168 | €28,232 | €24,547 | -€3,685 | -13.1% |
| Amounts payable | 17/49 | €14,171 | €3,810 | -€10,361 | -73.1% |
| Amounts payable within one year | 42/48 | €13,381 | €3,810 | -€9,571 | -71.5% |
| Trade debts | 44 | €196 | €518 | +€323 | +165% |
| Suppliers | 440/4 | €196 | €518 | +€323 | +165% |
| Taxes, remuneration and social security | 45 | €847 | €327 | -€520 | -61.4% |
| Taxes | 450/3 | €847 | €327 | -€520 | -61.4% |
| Other amounts payable | 47/48 | €12,338 | €2,965 | -€9,373 | -76.0% |
| Accrued charges and deferred income | 492/3 | €790 | - | -€790 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,371 | €19,949 | -€7,422 | -27.1% |
| Other operating charges | 640/8 | €2,420 | €2,517 | +€97 | +4.0% |
| Non-recurring operating charges | 66A | - | €896 | +€896 | |
| Gross operating margin | 9900 | €37,043 | €44,798 | +€7,754 | +20.9% |
| Operating profit (loss) | 9901 | €7,252 | €21,436 | +€14,183 | +196% |
| Financial income | 75/76B | €89 | €515 | +€426 | +478% |
| Recurring financial income | 75 | €89 | €515 | +€426 | +478% |
| Financial charges | 65/66B | €1,661 | €149 | -€1,512 | -91.0% |
| Recurring financial charges | 65 | €1,324 | €149 | -€1,175 | -88.7% |
| Non-recurring financial charges | 66B | €337 | - | -€337 | |
| Profit (loss) for the period before taxes | 9903 | €5,680 | €21,801 | +€16,121 | +284% |
| Transfer from deferred taxes | 780 | €3,685 | €3,685 | = | 0.0% |
| Income taxes | 67/77 | €7,959 | €13,052 | +€5,092 | +64.0% |
| Profit (loss) for the period | 9904 | €1,406 | €12,435 | +€11,029 | +784% |
| Transfer from tax-exempt reserves | 789 | €8,773 | €8,773 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,178 | €21,207 | +€11,029 | +108% |
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 22 October 2026 via checked.be.