KLMV: 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.
KLMV
Largest movements
- Cash -€405,459
down €405,459 (-63.4%), from €639,364 to €233,904
mainly Current investments (-€388,945) and Investment in fixed assets (net) (-€204,581)
- Current investments +€388,945
up €388,945 (+1065.6%), from €36,500 to €425,444
- Tangible fixed assets +€109,024
up €109,024 (+14.7%), from €743,894 to €852,918
of which Land and buildings: +€82,307
- Reserves +€242,389
up €242,389 (+21.6%), from €1.1m to €1.4m
of which Distributable reserves: +€242,389
- Other debts -€64,531
down €64,531 (-96.1%), from €67,137 to €2,607
- Debts after one year -€52,278
down €52,278 (-34.4%), from €151,910 to €99,632
- Gross operating margin +€117,039
up €117,039 (+23.6%), from €495,028 to €612,068
- Staff costs +€51,318
up €51,318 (+45.8%), from €112,134 to €163,452
- Depreciation +€36,389
up €36,389 (+61.5%), from €59,167 to €95,556
- Taxes +€8,521
up €8,521 (+8.8%), from €96,886 to €105,407
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 | €1,493,895 | €1,604,325 | +€110,430 | +7.4% |
| Fixed assets | 21/28 | €743,894 | €852,918 | +€109,024 | +14.7% |
| Tangible fixed assets | 22/27 | €743,894 | €852,918 | +€109,024 | +14.7% |
| Land and buildings | 22 | €344,606 | €426,913 | +€82,307 | +23.9% |
| Plant, machinery and equipment | 23 | €157,526 | €139,597 | -€17,929 | -11.4% |
| Furniture and vehicles | 24 | €149,645 | €141,377 | -€8,267 | -5.5% |
| Leasing and similar rights | 25 | €65,354 | €54,464 | -€10,890 | -16.7% |
| Other tangible fixed assets | 26 | €26,763 | €90,567 | +€63,803 | +238.4% |
| Current assets | 29/58 | €750,001 | €751,407 | +€1,406 | +0.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €65,642 | €79,434 | +€13,792 | +21.0% |
| Trade receivables | 40 | €18,813 | €23,890 | +€5,077 | +27.0% |
| Other amounts receivable | 41 | €46,828 | €55,544 | +€8,715 | +18.6% |
| Current investments | 50/53 | €36,500 | €425,444 | +€388,945 | +1065.6% |
| Cash at bank and in hand | 54/58 | €639,364 | €233,904 | -€405,459 | -63.4% |
| Deferred charges and accrued income | 490/1 | €8,496 | €12,624 | +€4,128 | +48.6% |
| Total equity and liabilities | 10/49 | €1,493,895 | €1,604,325 | +€110,430 | +7.4% |
| Equity | 10/15 | €1,138,272 | €1,380,662 | +€242,389 | +21.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,119,722 | €1,362,112 | +€242,389 | +21.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,117,867 | €1,360,257 | +€242,389 | +21.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €355,622 | €223,663 | -€131,959 | -37.1% |
| Amounts payable after more than one year | 17 | €151,910 | €99,632 | -€52,278 | -34.4% |
| Financial debts | 170/4 | €151,910 | €99,632 | -€52,278 | -34.4% |
| Amounts payable within one year | 42/48 | €183,086 | €106,742 | -€76,343 | -41.7% |
| Current portion of amounts payable after more than one year | 42 | €60,942 | €52,278 | -€8,663 | -14.2% |
| Trade debts | 44 | €28,958 | €22,138 | -€6,820 | -23.6% |
| Suppliers | 440/4 | €28,958 | €22,138 | -€6,820 | -23.6% |
| Advances received on contracts in progress | 46 | €6,049 | €0 | -€6,049 | -100.0% |
| Taxes, remuneration and social security | 45 | €20,000 | €29,719 | +€9,719 | +48.6% |
| Taxes | 450/3 | €9,457 | €8,378 | -€1,079 | -11.4% |
| Remuneration and social security | 454/9 | €10,543 | €21,341 | +€10,798 | +102.4% |
| Other amounts payable | 47/48 | €67,137 | €2,607 | -€64,531 | -96.1% |
| Accrued charges and deferred income | 492/3 | €20,627 | €17,289 | -€3,337 | -16.2% |
| Remuneration, social security and pensions | 62 | €112,134 | €163,452 | +€51,318 | +45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,167 | €95,556 | +€36,389 | +61.5% |
| Other operating charges | 640/8 | €2,647 | €2,722 | +€75 | +2.8% |
| Gross operating margin | 9900 | €495,028 | €612,068 | +€117,039 | +23.6% |
| Operating profit (loss) | 9901 | €321,079 | €350,337 | +€29,258 | +9.1% |
| Financial income | 75/76B | €328 | €3,483 | +€3,155 | +962.2% |
| Recurring financial income | 75 | €328 | €3,483 | +€3,155 | +962.2% |
| Financial charges | 65/66B | €1,747 | €6,023 | +€4,277 | +244.8% |
| Recurring financial charges | 65 | €1,747 | €6,023 | +€4,277 | +244.8% |
| Profit (loss) for the period before taxes | 9903 | €319,660 | €347,797 | +€28,137 | +8.8% |
| Income taxes | 67/77 | €96,886 | €105,407 | +€8,521 | +8.8% |
| Profit (loss) for the period | 9904 | €222,774 | €242,389 | +€19,615 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €222,774 | €242,389 | +€19,615 | +8.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.