KDM Management: 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 Management
Largest movements
- Financial fixed assets -€48,214
down €48,214 (-14.6%), from €331,357 to €283,143
- Cash -€12,343
down €12,343 (-38.3%), from €32,219 to €19,876
mainly Debts after one year (-€34,958) and Other debts (-€25,959)
- Receivables within one year -€9,096
down €9,096 (-56.2%), from €16,184 to €7,088
of which Trade receivables: -€8,500
- Debts after one year -€34,958
down €34,958 (-19.5%), from €179,659 to €144,702
- Other debts -€25,959
down €25,959 (-17.6%), from €147,707 to €121,748
- Profit (loss) carried forward -€6,432
new in 2025: -€6,432
- Gross operating margin -€7,920
down €7,920, from €5,632 to -€2,288
- Other operating charges +€644
up €644 (+590.7%), from €109 to €753
- Financial charges -€620
down €620 (-11.6%), from €5,368 to €4,748
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 | €379,791 | €310,110 | -€69,681 | -18.3% |
| Fixed assets | 21/28 | €331,357 | €283,143 | -€48,214 | -14.6% |
| Financial fixed assets | 28 | €331,357 | €283,143 | -€48,214 | -14.6% |
| Current assets | 29/58 | €48,434 | €26,967 | -€21,467 | -44.3% |
| Amounts receivable within one year | 40/41 | €16,184 | €7,088 | -€9,096 | -56.2% |
| Trade receivables | 40 | €8,500 | - | -€8,500 | |
| Other amounts receivable | 41 | €7,684 | €7,088 | -€596 | -7.8% |
| Cash at bank and in hand | 54/58 | €32,219 | €19,876 | -€12,343 | -38.3% |
| Deferred charges and accrued income | 490/1 | €30 | €3 | -€27 | -90.5% |
| Total equity and liabilities | 10/49 | €379,791 | €310,110 | -€69,681 | -18.3% |
| Equity | 10/15 | €16,357 | €8,568 | -€7,789 | -47.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €1,357 | - | -€1,357 | |
| Distributable reserves | 133 | €1,357 | - | -€1,357 | |
| Profit (loss) carried forward | 14 | - | -€6,432 | -€6,432 | |
| Amounts payable | 17/49 | €363,434 | €301,542 | -€61,892 | -17.0% |
| Amounts payable after more than one year | 17 | €179,659 | €144,702 | -€34,958 | -19.5% |
| Financial debts | 170/4 | €179,659 | €144,702 | -€34,958 | -19.5% |
| Amounts payable within one year | 42/48 | €183,775 | €156,840 | -€26,935 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €34,184 | €34,958 | +€774 | +2.3% |
| Trade debts | 44 | €1,835 | €135 | -€1,701 | -92.7% |
| Suppliers | 440/4 | €1,835 | €135 | -€1,701 | -92.7% |
| Taxes, remuneration and social security | 45 | €49 | - | -€49 | |
| Taxes | 450/3 | €49 | - | -€49 | |
| Other amounts payable | 47/48 | €147,707 | €121,748 | -€25,959 | -17.6% |
| Other operating charges | 640/8 | €109 | €753 | +€644 | +590.7% |
| Gross operating margin | 9900 | €5,632 | -€2,288 | -€7,920 | |
| Operating profit (loss) | 9901 | €5,523 | -€3,041 | -€8,564 | |
| Financial charges | 65/66B | €5,368 | €4,748 | -€620 | -11.6% |
| Recurring financial charges | 65 | €5,368 | €4,748 | -€620 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €155 | -€7,789 | -€7,943 | |
| Income taxes | 67/77 | €49 | €0 | -€49 | -100.0% |
| Profit (loss) for the period | 9904 | €106 | -€7,789 | -€7,895 | |
| Profit (loss) for the period to be appropriated | 9905 | €106 | -€7,789 | -€7,895 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.