KCMB: 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.
KCMB
Largest movements
- Current investments +€335,000
up €335,000 (+419%), from €80,000 to €415,000
- Receivables after one year -€150,000
no longer reported in 2025 (was €150,000)
- Tangible fixed assets -€17,645
down €17,645 (-28.3%), from €62,380 to €44,735
of which Furniture and vehicles: -€17,287
- Cash -€17,341
down €17,341 (-26.8%), from €64,747 to €47,406
mainly Current investments (-€335,000) and Deferred charges and accrued income (-€2,749)
- Reserves +€117,306
up €117,306 (+35.3%), from €332,611 to €449,918
- Tax, wage and social debts +€34,456
up €34,456 (+83.9%), from €41,058 to €75,514
- Gross operating margin +€10,869
up €10,869 (+7.2%), from €150,450 to €161,319
- Taxes +€3,221
up €3,221 (+10.3%), from €31,245 to €34,466
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 | €376,911 | €528,148 | +€151,237 | +40.1% |
| Fixed assets | 21/28 | €62,630 | €44,985 | -€17,645 | -28.2% |
| Tangible fixed assets | 22/27 | €62,380 | €44,735 | -€17,645 | -28.3% |
| Plant, machinery and equipment | 23 | €437 | €79 | -€358 | -81.8% |
| Furniture and vehicles | 24 | €61,943 | €44,656 | -€17,287 | -27.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €314,281 | €483,163 | +€168,881 | +53.7% |
| Amounts receivable after more than one year | 29 | €150,000 | - | -€150,000 | |
| Other amounts receivable | 291 | €150,000 | - | -€150,000 | |
| Amounts receivable within one year | 40/41 | €17,743 | €16,216 | -€1,527 | -8.6% |
| Trade receivables | 40 | €17,743 | €16,216 | -€1,527 | -8.6% |
| Current investments | 50/53 | €80,000 | €415,000 | +€335,000 | +419% |
| Cash at bank and in hand | 54/58 | €64,747 | €47,406 | -€17,341 | -26.8% |
| Deferred charges and accrued income | 490/1 | €1,791 | €4,541 | +€2,749 | +153% |
| Total equity and liabilities | 10/49 | €376,911 | €528,148 | +€151,237 | +40.1% |
| Equity | 10/15 | €334,611 | €451,918 | +€117,306 | +35.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €332,611 | €449,918 | +€117,306 | +35.3% |
| Distributable reserves | 133 | €332,611 | €449,918 | +€117,306 | +35.3% |
| Amounts payable | 17/49 | €42,300 | €76,231 | +€33,930 | +80.2% |
| Amounts payable within one year | 42/48 | €42,300 | €76,231 | +€33,930 | +80.2% |
| Trade debts | 44 | €1,190 | €615 | -€575 | -48.3% |
| Suppliers | 440/4 | €1,190 | €615 | -€575 | -48.3% |
| Taxes, remuneration and social security | 45 | €41,058 | €75,514 | +€34,456 | +83.9% |
| Taxes | 450/3 | €41,058 | €75,514 | +€34,456 | +83.9% |
| Other amounts payable | 47/48 | €52 | €102 | +€50 | +96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,645 | €17,645 | = | 0.0% |
| Other operating charges | 640/8 | €548 | €498 | -€51 | -9.3% |
| Gross operating margin | 9900 | €150,450 | €161,319 | +€10,869 | +7.2% |
| Operating profit (loss) | 9901 | €132,256 | €143,177 | +€10,920 | +8.3% |
| Financial income | 75/76B | €7,865 | €8,930 | +€1,066 | +13.6% |
| Recurring financial income | 75 | €7,865 | €8,930 | +€1,066 | +13.6% |
| Financial charges | 65/66B | €325 | €335 | +€10 | +3.1% |
| Recurring financial charges | 65 | €325 | €335 | +€10 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €139,796 | €151,772 | +€11,976 | +8.6% |
| Income taxes | 67/77 | €31,245 | €34,466 | +€3,221 | +10.3% |
| Profit (loss) for the period | 9904 | €108,552 | €117,306 | +€8,755 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €108,552 | €117,306 | +€8,755 | +8.1% |
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 31 October 2026 via checked.be.