KF-ME: 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.
KF-ME
Largest movements
- Cash +€98,379
up €98,379 (+191%), from €51,537 to €149,916
mainly Net result for the year (+€111,096) and Other debts (+€67,226)
- Receivables within one year -€66,711
down €66,711 (-54.3%), from €122,919 to €56,208
of which Other amounts receivable: -€45,697
- Receivables after one year -€10,092
down €10,092 (-3.4%), from €293,518 to €283,426
- Tangible fixed assets -€5,485
down €5,485 (-40.9%), from €13,401 to €7,917
- Other debts +€67,226
up €67,226 (+101%), from €66,797 to €134,023
- Reserves -€22,928
down €22,928 (-6.2%), from €367,149 to €344,221
- Tax, wage and social debts -€21,548
no longer reported in 2025 (was €21,548)
- Trade debts -€6,555
down €6,555 (-85.6%), from €7,656 to €1,101
- Other operating charges -€4,963
down €4,963 (-81.5%), from €6,087 to €1,125
- Gross operating margin -€3,801
down €3,801 (-2.3%), from €164,977 to €161,176
- Financial income -€1,872
down €1,872 (-14.5%), from €12,909 to €11,038
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 | €482,337 | €498,546 | +€16,208 | +3.4% |
| Fixed assets | 21/28 | €13,401 | €7,917 | -€5,485 | -40.9% |
| Tangible fixed assets | 22/27 | €13,401 | €7,917 | -€5,485 | -40.9% |
| Furniture and vehicles | 24 | €13,401 | €7,917 | -€5,485 | -40.9% |
| Current assets | 29/58 | €468,936 | €490,629 | +€21,693 | +4.6% |
| Amounts receivable after more than one year | 29 | €293,518 | €283,426 | -€10,092 | -3.4% |
| Other amounts receivable | 291 | €293,518 | €283,426 | -€10,092 | -3.4% |
| Amounts receivable within one year | 40/41 | €122,919 | €56,208 | -€66,711 | -54.3% |
| Trade receivables | 40 | €21,014 | - | -€21,014 | |
| Other amounts receivable | 41 | €101,905 | €56,208 | -€45,697 | -44.8% |
| Cash at bank and in hand | 54/58 | €51,537 | €149,916 | +€98,379 | +191% |
| Deferred charges and accrued income | 490/1 | €962 | €1,079 | +€118 | +12.2% |
| Total equity and liabilities | 10/49 | €482,337 | €498,546 | +€16,208 | +3.4% |
| Equity | 10/15 | €385,749 | €362,821 | -€22,928 | -5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €367,149 | €344,221 | -€22,928 | -6.2% |
| Distributable reserves | 133 | €367,149 | €344,221 | -€22,928 | -6.2% |
| Amounts payable | 17/49 | €96,588 | €135,725 | +€39,136 | +40.5% |
| Amounts payable within one year | 42/48 | €96,201 | €135,325 | +€39,124 | +40.7% |
| Financial debts | 43 | €200 | €200 | = | 0.0% |
| Credit institutions | 430/8 | €200 | €200 | = | 0.0% |
| Trade debts | 44 | €7,656 | €1,101 | -€6,555 | -85.6% |
| Suppliers | 440/4 | €7,656 | €1,101 | -€6,555 | -85.6% |
| Taxes, remuneration and social security | 45 | €21,548 | - | -€21,548 | |
| Taxes | 450/3 | €21,548 | - | -€21,548 | |
| Other amounts payable | 47/48 | €66,797 | €134,023 | +€67,226 | +101% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating income | 76A | €11,000 | €623 | -€10,377 | -94.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,309 | €5,485 | -€824 | -13.1% |
| Other operating charges | 640/8 | €6,087 | €1,125 | -€4,963 | -81.5% |
| Gross operating margin | 9900 | €164,977 | €161,176 | -€3,801 | -2.3% |
| Operating profit (loss) | 9901 | €152,580 | €154,566 | +€1,986 | +1.3% |
| Financial income | 75/76B | €12,909 | €11,038 | -€1,872 | -14.5% |
| Recurring financial income | 75 | €12,909 | €11,038 | -€1,872 | -14.5% |
| Financial charges | 65/66B | €202 | €108 | -€94 | -46.4% |
| Recurring financial charges | 65 | €202 | €108 | -€94 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €165,288 | €165,496 | +€208 | +0.1% |
| Income taxes | 67/77 | €54,048 | €54,400 | +€353 | +0.7% |
| Profit (loss) for the period | 9904 | €111,240 | €111,096 | -€144 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €111,240 | €111,096 | -€144 | -0.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.