KDM Consult: 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.
KDM Consult
Largest movements
- Cash -€53,102
down €53,102 (-85.1%), from €62,411 to €9,309
mainly Other debts (-€51,479) and Tax, wage and social debts (-€13,978)
- Receivables within one year -€15,018
down €15,018 (-78.5%), from €19,126 to €4,108
of which Trade receivables: -€15,745
- Current investments +€11,071
up €11,071 (+4.1%), from €268,036 to €279,107
- Other debts -€51,479
down €51,479 (-81.6%), from €63,113 to €11,635
- Tax, wage and social debts -€13,978
down €13,978 (-93.1%), from €15,007 to €1,029
- Reserves +€11,602
up €11,602 (+4.5%), from €255,920 to €267,523
- Gross operating margin -€92,270
down €92,270 (-82.3%), from €112,169 to €19,899
- Taxes -€23,891
down €23,891 (-75.4%), from €31,671 to €7,780
- Financial income +€1,501
up €1,501 (+39.1%), from €3,840 to €5,342
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 | €357,297 | €304,832 | -€52,464 | -14.7% |
| Fixed assets | 21/28 | €3,109 | €5,384 | +€2,275 | +73.2% |
| Tangible fixed assets | 22/27 | €3,109 | €5,384 | +€2,275 | +73.2% |
| Plant, machinery and equipment | 23 | €604 | €3,656 | +€3,052 | +505% |
| Furniture and vehicles | 24 | €2,396 | €1,728 | -€668 | -27.9% |
| Other tangible fixed assets | 26 | €109 | - | -€109 | |
| Current assets | 29/58 | €354,188 | €299,448 | -€54,739 | -15.5% |
| Amounts receivable within one year | 40/41 | €19,126 | €4,108 | -€15,018 | -78.5% |
| Trade receivables | 40 | €15,745 | - | -€15,745 | |
| Other amounts receivable | 41 | €3,381 | €4,108 | +€726 | +21.5% |
| Current investments | 50/53 | €268,036 | €279,107 | +€11,071 | +4.1% |
| Cash at bank and in hand | 54/58 | €62,411 | €9,309 | -€53,102 | -85.1% |
| Deferred charges and accrued income | 490/1 | €4,615 | €6,924 | +€2,310 | +50.0% |
| Total equity and liabilities | 10/49 | €357,297 | €304,832 | -€52,464 | -14.7% |
| Equity | 10/15 | €275,920 | €287,523 | +€11,602 | +4.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €255,920 | €267,523 | +€11,602 | +4.5% |
| Distributable reserves | 133 | €255,920 | €267,523 | +€11,602 | +4.5% |
| Amounts payable | 17/49 | €81,377 | €17,310 | -€64,067 | -78.7% |
| Amounts payable within one year | 42/48 | €79,876 | €16,056 | -€63,820 | -79.9% |
| Trade debts | 44 | €1,756 | €3,393 | +€1,636 | +93.2% |
| Suppliers | 440/4 | €1,756 | €3,393 | +€1,636 | +93.2% |
| Taxes, remuneration and social security | 45 | €15,007 | €1,029 | -€13,978 | -93.1% |
| Taxes | 450/3 | €15,007 | €1,029 | -€13,978 | -93.1% |
| Other amounts payable | 47/48 | €63,113 | €11,635 | -€51,479 | -81.6% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,254 | -€247 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,459 | €2,291 | -€168 | -6.8% |
| Other operating charges | 640/8 | €648 | €710 | +€62 | +9.6% |
| Non-recurring operating charges | 66A | €150 | - | -€150 | |
| Gross operating margin | 9900 | €112,169 | €19,899 | -€92,270 | -82.3% |
| Operating profit (loss) | 9901 | €108,911 | €16,898 | -€92,013 | -84.5% |
| Financial income | 75/76B | €3,840 | €5,342 | +€1,501 | +39.1% |
| Recurring financial income | 75 | €3,840 | €5,342 | +€1,501 | +39.1% |
| Financial charges | 65/66B | €3,315 | €2,857 | -€458 | -13.8% |
| Recurring financial charges | 65 | €3,315 | €2,857 | -€458 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €109,437 | €19,382 | -€90,054 | -82.3% |
| Income taxes | 67/77 | €31,671 | €7,780 | -€23,891 | -75.4% |
| Profit (loss) for the period | 9904 | €77,766 | €11,602 | -€66,163 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,766 | €11,602 | -€66,163 | -85.1% |
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 20 October 2026 via checked.be.