KFM Service: what changed
KFM Service
Largest movements
- Receivables within one year +€82,479
up €82,479 (+225%), from €36,642 to €119,121
of which Trade receivables: +€80,549
- Cash +€25,550
up €25,550 (+33.5%), from €76,331 to €101,881
mainly Trade debts (+€77,648) and Deferred charges and accrued income (+€15,449)
- Deferred charges and accrued income -€15,449
no longer reported in 2025 (was €15,449)
- Trade debts +€77,648
up €77,648 (+1,353%), from €5,741 to €83,389
- Profit (loss) carried forward +€15,074
up €15,074 (+18.0%), from €83,657 to €98,731
- Gross operating margin +€60,648
up €60,648 (+36.4%), from €166,440 to €227,087
- Staff costs +€56,739
up €56,739 (+38.9%), from €146,001 to €202,740
- Other operating charges -€2,877
down €2,877 (-64.8%), from €4,441 to €1,565
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,811 | €221,200 | +€91,390 | +70.4% |
| Fixed assets | 21/28 | €1,388 | €198 | -€1,190 | -85.7% |
| Tangible fixed assets | 22/27 | €1,388 | €198 | -€1,190 | -85.7% |
| Furniture and vehicles | 24 | €1,388 | €198 | -€1,190 | -85.7% |
| Current assets | 29/58 | €128,422 | €221,002 | +€92,580 | +72.1% |
| Amounts receivable within one year | 40/41 | €36,642 | €119,121 | +€82,479 | +225% |
| Trade receivables | 40 | €16,070 | €96,619 | +€80,549 | +501% |
| Other amounts receivable | 41 | €20,572 | €22,502 | +€1,930 | +9.4% |
| Cash at bank and in hand | 54/58 | €76,331 | €101,881 | +€25,550 | +33.5% |
| Deferred charges and accrued income | 490/1 | €15,449 | - | -€15,449 | |
| Total equity and liabilities | 10/49 | €129,811 | €221,200 | +€91,390 | +70.4% |
| Equity | 10/15 | €99,017 | €114,091 | +€15,074 | +15.2% |
| Contributions | 10/11 | €13,500 | €13,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,657 | €98,731 | +€15,074 | +18.0% |
| Amounts payable | 17/49 | €30,794 | €107,109 | +€76,316 | +248% |
| Amounts payable within one year | 42/48 | €30,794 | €107,109 | +€76,316 | +248% |
| Trade debts | 44 | €5,741 | €83,389 | +€77,648 | +1,353% |
| Suppliers | 440/4 | €5,741 | €83,389 | +€77,648 | +1,353% |
| Taxes, remuneration and social security | 45 | €25,053 | €23,720 | -€1,332 | -5.3% |
| Taxes | 450/3 | €7,635 | €7,983 | +€348 | +4.6% |
| Remuneration and social security | 454/9 | €17,417 | €15,737 | -€1,681 | -9.6% |
| Non-recurring operating income | 76A | - | €6,056 | +€6,056 | |
| Remuneration, social security and pensions | 62 | €146,001 | €202,740 | +€56,739 | +38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €992 | €1,190 | +€198 | +20.0% |
| Other operating charges | 640/8 | €4,441 | €1,565 | -€2,877 | -64.8% |
| Gross operating margin | 9900 | €166,440 | €227,087 | +€60,648 | +36.4% |
| Operating profit (loss) | 9901 | €15,006 | €21,592 | +€6,587 | +43.9% |
| Financial income | 75/76B | €6 | €2 | -€4 | -66.2% |
| Recurring financial income | 75 | €6 | €2 | -€4 | -66.2% |
| Financial charges | 65/66B | €380 | €412 | +€32 | +8.4% |
| Recurring financial charges | 65 | €380 | €412 | +€32 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €14,632 | €21,182 | +€6,551 | +44.8% |
| Income taxes | 67/77 | €5,760 | €6,108 | +€348 | +6.0% |
| Profit (loss) for the period | 9904 | €8,871 | €15,074 | +€6,203 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,871 | €15,074 | +€6,203 | +69.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.