KDM REIZEN: 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 REIZEN
Largest movements
- Receivables within one year +€56,811
up €56,811 (+15.7%), from €361,537 to €418,349
of which Trade receivables: +€50,218
- Tangible fixed assets -€6,638
down €6,638 (-5.6%), from €119,574 to €112,935
of which Land and buildings: -€5,853
- Cash +€6,490
up €6,490 (+19.8%), from €32,722 to €39,212
mainly Advances received (+€53,772) and Trade debts (+€12,854)
- Advances received +€53,772
up €53,772 (+22.2%), from €241,713 to €295,485
- Debts after one year -€12,906
no longer reported in 2025 (was €12,906)
- Trade debts +€12,854
up €12,854 (+21.1%), from €60,972 to €73,826
- Other operating charges +€1,209
up €1,209 (+90.5%), from €1,336 to €2,545
- Financial charges -€975
down €975 (-16.5%), from €5,923 to €4,948
- Staff costs +€371
no longer reported in 2025 (was -€371)
- Gross operating margin -€317
down €317 (-1.7%), from €18,811 to €18,494
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 | €516,303 | €573,302 | +€56,999 | +11.0% |
| Fixed assets | 21/28 | €119,574 | €112,935 | -€6,638 | -5.6% |
| Tangible fixed assets | 22/27 | €119,574 | €112,935 | -€6,638 | -5.6% |
| Land and buildings | 22 | €116,707 | €110,853 | -€5,853 | -5.0% |
| Furniture and vehicles | 24 | €2,867 | €2,082 | -€785 | -27.4% |
| Current assets | 29/58 | €396,729 | €460,366 | +€63,637 | +16.0% |
| Amounts receivable within one year | 40/41 | €361,537 | €418,349 | +€56,811 | +15.7% |
| Trade receivables | 40 | €355,756 | €405,974 | +€50,218 | +14.1% |
| Other amounts receivable | 41 | €5,782 | €12,375 | +€6,593 | +114.0% |
| Cash at bank and in hand | 54/58 | €32,722 | €39,212 | +€6,490 | +19.8% |
| Deferred charges and accrued income | 490/1 | €2,470 | €2,805 | +€336 | +13.6% |
| Total equity and liabilities | 10/49 | €516,303 | €573,302 | +€56,999 | +11.0% |
| Equity | 10/15 | €179,758 | €183,563 | +€3,804 | +2.1% |
| Contributions | 10/11 | €18,482 | €18,482 | = | 0.0% |
| Reserves | 13 | €161,277 | €165,081 | +€3,804 | +2.4% |
| Non-distributable reserves | 130/1 | €129,137 | €132,942 | +€3,804 | +2.9% |
| Reserves not available under the articles | 1311 | €2,450 | €2,450 | = | 0.0% |
| Other | 1319 | €126,687 | €130,492 | +€3,804 | +3.0% |
| Tax-exempt reserves | 132 | €17,521 | €17,521 | = | 0.0% |
| Distributable reserves | 133 | €14,618 | €14,618 | = | 0.0% |
| Amounts payable | 17/49 | €336,545 | €389,739 | +€53,194 | +15.8% |
| Amounts payable after more than one year | 17 | €12,906 | - | -€12,906 | |
| Financial debts | 170/4 | €12,906 | - | -€12,906 | |
| Amounts payable within one year | 42/48 | €323,639 | €389,739 | +€66,100 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €13,393 | €12,906 | -€487 | -3.6% |
| Trade debts | 44 | €60,972 | €73,826 | +€12,854 | +21.1% |
| Suppliers | 440/4 | €60,972 | €73,826 | +€12,854 | +21.1% |
| Advances received on contracts in progress | 46 | €241,713 | €295,485 | +€53,772 | +22.2% |
| Taxes, remuneration and social security | 45 | €7,561 | €7,522 | -€39 | -0.5% |
| Taxes | 450/3 | €5,061 | €5,022 | -€39 | -0.8% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | -€371 | - | +€371 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,071 | €7,092 | +€22 | +0.3% |
| Other operating charges | 640/8 | €1,336 | €2,545 | +€1,209 | +90.5% |
| Non-recurring operating charges | 66A | €369 | - | -€369 | |
| Gross operating margin | 9900 | €18,811 | €18,494 | -€317 | -1.7% |
| Operating profit (loss) | 9901 | €10,408 | €8,857 | -€1,551 | -14.9% |
| Financial income | 75/76B | €345 | €417 | +€73 | +21.1% |
| Recurring financial income | 75 | €345 | €417 | +€73 | +21.1% |
| Financial charges | 65/66B | €5,923 | €4,948 | -€975 | -16.5% |
| Recurring financial charges | 65 | €5,923 | €4,948 | -€975 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €4,829 | €4,326 | -€503 | -10.4% |
| Income taxes | 67/77 | €561 | €522 | -€39 | -7.0% |
| Profit (loss) for the period | 9904 | €4,268 | €3,804 | -€464 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,268 | €3,804 | -€464 | -10.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.