KGMC: 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.
KGMC
Largest movements
- Receivables within one year -€28,537
down €28,537 (-59.4%), from €48,076 to €19,539
of which Trade receivables: -€19,360
- Cash +€1,678
up €1,678 (+96.3%), from €1,743 to €3,422
mainly Receivables within one year (+€28,537) and Net result for the year (+€21,232)
- Tangible fixed assets -€1,596
down €1,596 (-41.6%), from €3,833 to €2,237
of which Furniture and vehicles: -€985
- Deferred charges and accrued income +€1,180
up €1,180, from €0 to €1,180
- Profit (loss) carried forward -€26,120
down €26,120 (-100.0%), from €26,120 to €0
- Reserves +€21,232
up €21,232, from €0 to €21,232
- Other debts -€19,839
down €19,839 (-47.9%), from €41,407 to €21,568
- Tax, wage and social debts -€3,737
down €3,737 (-27.1%), from €13,804 to €10,066
of which Taxes: -€4,772
- Trade debts +€980
up €980 (+14.1%), from €6,929 to €7,909
- Gross operating margin +€18,171
up €18,171 (+90.1%), from €20,166 to €38,336
- Taxes +€4,115
up €4,115 (+82.8%), from €4,967 to €9,082
- Staff costs +€2,142
new in 2026: €2,142
- Financial charges -€878
down €878 (-35.5%), from €2,471 to €1,593
- Financial income -€408
down €408 (-99.0%), from €412 to €4
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,259 | €63,985 | -€27,274 | -29.9% |
| Fixed assets | 21/28 | €41,440 | €39,844 | -€1,596 | -3.9% |
| Tangible fixed assets | 22/27 | €3,833 | €2,237 | -€1,596 | -41.6% |
| Plant, machinery and equipment | 23 | €1,596 | €985 | -€611 | -38.3% |
| Furniture and vehicles | 24 | €2,237 | €1,252 | -€985 | -44.0% |
| Financial fixed assets | 28 | €37,607 | €37,607 | = | 0.0% |
| Current assets | 29/58 | €49,819 | €24,141 | -€25,678 | -51.5% |
| Amounts receivable within one year | 40/41 | €48,076 | €19,539 | -€28,537 | -59.4% |
| Trade receivables | 40 | €38,720 | €19,360 | -€19,360 | -50.0% |
| Other amounts receivable | 41 | €9,356 | €179 | -€9,177 | -98.1% |
| Cash at bank and in hand | 54/58 | €1,743 | €3,422 | +€1,678 | +96.3% |
| Deferred charges and accrued income | 490/1 | €0 | €1,180 | +€1,180 | |
| Total equity and liabilities | 10/49 | €91,259 | €63,985 | -€27,274 | -29.9% |
| Equity | 10/15 | €29,120 | €24,232 | -€4,887 | -16.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €0 | €21,232 | +€21,232 | |
| Distributable reserves | 133 | €0 | €21,232 | +€21,232 | |
| Profit (loss) carried forward | 14 | €26,120 | €0 | -€26,120 | -100.0% |
| Amounts payable | 17/49 | €62,139 | €39,753 | -€22,387 | -36.0% |
| Amounts payable within one year | 42/48 | €62,139 | €39,543 | -€22,597 | -36.4% |
| Trade debts | 44 | €6,929 | €7,909 | +€980 | +14.1% |
| Suppliers | 440/4 | €6,929 | €7,909 | +€980 | +14.1% |
| Taxes, remuneration and social security | 45 | €13,804 | €10,066 | -€3,737 | -27.1% |
| Taxes | 450/3 | €13,804 | €9,032 | -€4,772 | -34.6% |
| Remuneration and social security | 454/9 | €0 | €1,034 | +€1,034 | |
| Other amounts payable | 47/48 | €41,407 | €21,568 | -€19,839 | -47.9% |
| Accrued charges and deferred income | 492/3 | €0 | €210 | +€210 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €2,142 | +€2,142 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,840 | €1,596 | -€244 | -13.3% |
| Other operating charges | 640/8 | €487 | €400 | -€88 | -18.0% |
| Non-recurring operating charges | 66A | €1,180 | €2,295 | +€1,115 | +94.6% |
| Gross operating margin | 9900 | €20,166 | €38,336 | +€18,171 | +90.1% |
| Operating profit (loss) | 9901 | €16,659 | €31,904 | +€15,245 | +91.5% |
| Financial income | 75/76B | €412 | €4 | -€408 | -99.0% |
| Recurring financial income | 75 | €412 | €4 | -€408 | -99.0% |
| Financial charges | 65/66B | €2,471 | €1,593 | -€878 | -35.5% |
| Recurring financial charges | 65 | €2,471 | €1,593 | -€878 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €14,600 | €30,315 | +€15,715 | +107.6% |
| Income taxes | 67/77 | €4,967 | €9,082 | +€4,115 | +82.8% |
| Profit (loss) for the period | 9904 | €9,632 | €21,232 | +€11,600 | +120.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,632 | €21,232 | +€11,600 | +120.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.