KDM GROUP: 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.
KDM GROUP
Largest movements
- Cash +€4,107
up €4,107 (+18.9%), from €21,707 to €25,813
mainly Tax, wage and social debts (+€2,714) and Stocks and contracts (+€1,528)
- Stocks and contracts -€1,528
down €1,528 (-19.2%), from €7,955 to €6,427
- Receivables within one year +€575
up €575 (+29.0%), from €1,984 to €2,559
- Tax, wage and social debts +€2,714
up €2,714 (+36.8%), from €7,367 to €10,081
of which Taxes: +€2,212
- Gross operating margin +€28,465
up €28,465 (+72.6%), from €39,184 to €67,649
- Staff costs +€18,062
up €18,062 (+47.7%), from €37,831 to €55,893
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.
Cash bridge derived
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 | €34,730 | €37,883 | +€3,154 | +9.1% |
| Fixed assets | 21/28 | €3,084 | €3,084 | = | 0.0% |
| Financial fixed assets | 28 | €3,084 | €3,084 | = | 0.0% |
| Current assets | 29/58 | €31,646 | €34,800 | +€3,154 | +10.0% |
| Stocks and contracts in progress | 3 | €7,955 | €6,427 | -€1,528 | -19.2% |
| Stocks | 30/36 | €7,955 | €6,427 | -€1,528 | -19.2% |
| Amounts receivable within one year | 40/41 | €1,984 | €2,559 | +€575 | +29.0% |
| Other amounts receivable | 41 | €1,984 | €2,559 | +€575 | +29.0% |
| Cash at bank and in hand | 54/58 | €21,707 | €25,813 | +€4,107 | +18.9% |
| Total equity and liabilities | 10/49 | €34,730 | €37,883 | +€3,154 | +9.1% |
| Equity | 10/15 | €24,331 | €24,567 | +€236 | +1.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,331 | €9,567 | +€236 | +2.5% |
| Amounts payable | 17/49 | €10,398 | €13,316 | +€2,917 | +28.1% |
| Amounts payable within one year | 42/48 | €10,398 | €13,316 | +€2,917 | +28.1% |
| Trade debts | 44 | €3,031 | €3,235 | +€204 | +6.7% |
| Suppliers | 440/4 | €3,031 | €3,235 | +€204 | +6.7% |
| Taxes, remuneration and social security | 45 | €7,367 | €10,081 | +€2,714 | +36.8% |
| Taxes | 450/3 | €4,867 | €7,079 | +€2,212 | +45.4% |
| Remuneration and social security | 454/9 | €2,500 | €3,002 | +€502 | +20.1% |
| Remuneration, social security and pensions | 62 | €37,831 | €55,893 | +€18,062 | +47.7% |
| Other operating charges | 640/8 | €207 | €613 | +€406 | +196.1% |
| Non-recurring operating charges | 66A | - | €10,117 | +€10,117 | |
| Gross operating margin | 9900 | €39,184 | €67,649 | +€28,465 | +72.6% |
| Operating profit (loss) | 9901 | €1,146 | €1,026 | -€119 | -10.4% |
| Financial charges | 65/66B | €244 | €606 | +€361 | +147.9% |
| Recurring financial charges | 65 | €244 | €606 | +€361 | +147.9% |
| Profit (loss) for the period before taxes | 9903 | €901 | €421 | -€481 | -53.3% |
| Income taxes | 67/77 | €225 | €184 | -€41 | -18.3% |
| Profit (loss) for the period | 9904 | €676 | €236 | -€440 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €676 | €236 | -€440 | -65.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.