KM: 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.
KM
Largest movements
- Cash +€5,729
up €5,729 (+37.2%), from €15,382 to €21,112
mainly Net result for the year (+€28,584) and Receivables within one year (+€3,851)
- Tangible fixed assets +€5,507
up €5,507 (+499.8%), from €1,102 to €6,608
of which Furniture and vehicles: +€5,677
- Receivables within one year -€3,851
down €3,851 (-21.8%), from €17,688 to €13,837
- Profit (loss) carried forward +€28,584
up €28,584 (+39.4%), from -€72,600 to -€44,016
- Other debts -€22,984
down €22,984 (-25.2%), from €91,189 to €68,205
- Trade debts +€1,263
up €1,263 (+49.5%), from €2,553 to €3,816
- Tax, wage and social debts +€522
up €522 (+87.0%), from €600 to €1,123
- Taxes +€5,724
up €5,724 (+2051.3%), from €279 to €6,003
- Gross operating margin +€5,211
up €5,211 (+15.3%), from €34,044 to €39,254
- Financial charges +€1,219
up €1,219 (+166.6%), from €731 to €1,950
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 | €34,172 | €41,557 | +€7,385 | +21.6% |
| Fixed assets | 21/28 | €1,102 | €6,608 | +€5,507 | +499.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,102 | €6,608 | +€5,507 | +499.8% |
| Land and buildings | 22 | €512 | €341 | -€171 | -33.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €590 | €6,267 | +€5,677 | +961.8% |
| Current assets | 29/58 | €33,070 | €34,948 | +€1,878 | +5.7% |
| Amounts receivable within one year | 40/41 | €17,688 | €13,837 | -€3,851 | -21.8% |
| Trade receivables | 40 | €17,688 | €13,837 | -€3,851 | -21.8% |
| Cash at bank and in hand | 54/58 | €15,382 | €21,112 | +€5,729 | +37.2% |
| Total equity and liabilities | 10/49 | €34,172 | €41,557 | +€7,385 | +21.6% |
| Equity | 10/15 | -€60,171 | -€31,587 | +€28,584 | +47.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €30 | €30 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30 | €30 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30 | €30 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,600 | -€44,016 | +€28,584 | +39.4% |
| Amounts payable | 17/49 | €94,343 | €73,144 | -€21,199 | -22.5% |
| Amounts payable within one year | 42/48 | €94,343 | €73,144 | -€21,199 | -22.5% |
| Trade debts | 44 | €2,553 | €3,816 | +€1,263 | +49.5% |
| Suppliers | 440/4 | €2,553 | €3,816 | +€1,263 | +49.5% |
| Taxes, remuneration and social security | 45 | €600 | €1,123 | +€522 | +87.0% |
| Taxes | 450/3 | €600 | €1,123 | +€522 | +87.0% |
| Other amounts payable | 47/48 | €91,189 | €68,205 | -€22,984 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €894 | €1,138 | +€243 | +27.2% |
| Other operating charges | 640/8 | €692 | €849 | +€157 | +22.7% |
| Non-recurring operating charges | 66A | - | €731 | +€731 | |
| Gross operating margin | 9900 | €34,044 | €39,254 | +€5,211 | +15.3% |
| Operating profit (loss) | 9901 | €32,457 | €36,537 | +€4,080 | +12.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €731 | €1,950 | +€1,219 | +166.6% |
| Recurring financial charges | 65 | €731 | €1,950 | +€1,219 | +166.6% |
| Profit (loss) for the period before taxes | 9903 | €31,726 | €34,587 | +€2,861 | +9.0% |
| Income taxes | 67/77 | €279 | €6,003 | +€5,724 | +2051.3% |
| Profit (loss) for the period | 9904 | €31,447 | €28,584 | -€2,863 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,447 | €28,584 | -€2,863 | -9.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.