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
- Receivables within one year -€14,360
down €14,360 (-40.5%), from €35,426 to €21,066
of which Trade receivables: -€13,532
- Tangible fixed assets -€6,683
down €6,683 (-57.6%), from €11,597 to €4,914
of which Plant, machinery and equipment: -€4,012
- Financial fixed assets -€2,370
down €2,370 (-100.0%), from €2,370 to €0
- Deferred charges and accrued income -€2,310
down €2,310 (-100.0%), from €2,310 to €0
- Tax, wage and social debts -€15,610
down €15,610 (-68.0%), from €22,963 to €7,353
of which Remuneration and social security: -€12,107
- Trade debts -€4,467
down €4,467 (-26.4%), from €16,897 to €12,430
- Profit (loss) carried forward -€4,148
down €4,148 (-78.2%), from -€5,304 to -€9,452
- Short-term financial debts -€1,234
down €1,234 (-66.5%), from €1,856 to €622
- Staff costs -€13,724
down €13,724 (-27.0%), from €50,922 to €37,198
- Gross operating margin +€8,364
up €8,364 (+21.5%), from €38,966 to €47,330
- Other operating charges +€1,964
up €1,964 (+73.4%), from €2,674 to €4,639
- Write-downs +€1,300
new in 2025: €1,300
- Financial charges -€866
down €866 (-34.3%), from €2,524 to €1,658
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,703 | €25,979 | -€25,723 | -49.8% |
| Fixed assets | 21/28 | €13,967 | €4,914 | -€9,053 | -64.8% |
| Tangible fixed assets | 22/27 | €11,597 | €4,914 | -€6,683 | -57.6% |
| Plant, machinery and equipment | 23 | €8,449 | €4,437 | -€4,012 | -47.5% |
| Furniture and vehicles | 24 | €3,148 | €477 | -€2,671 | -84.9% |
| Financial fixed assets | 28 | €2,370 | €0 | -€2,370 | -100.0% |
| Current assets | 29/58 | €37,736 | €21,066 | -€16,670 | -44.2% |
| Amounts receivable within one year | 40/41 | €35,426 | €21,066 | -€14,360 | -40.5% |
| Trade receivables | 40 | €26,342 | €12,810 | -€13,532 | -51.4% |
| Other amounts receivable | 41 | €9,084 | €8,256 | -€828 | -9.1% |
| Deferred charges and accrued income | 490/1 | €2,310 | €0 | -€2,310 | -100.0% |
| Total equity and liabilities | 10/49 | €51,703 | €25,979 | -€25,723 | -49.8% |
| Equity | 10/15 | €7,196 | €3,048 | -€4,148 | -57.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,304 | -€9,452 | -€4,148 | -78.2% |
| Amounts payable | 17/49 | €44,506 | €22,931 | -€21,575 | -48.5% |
| Amounts payable within one year | 42/48 | €44,506 | €22,931 | -€21,575 | -48.5% |
| Financial debts | 43 | €1,856 | €622 | -€1,234 | -66.5% |
| Credit institutions | 430/8 | €1,856 | €622 | -€1,234 | -66.5% |
| Trade debts | 44 | €16,897 | €12,430 | -€4,467 | -26.4% |
| Suppliers | 440/4 | €16,897 | €12,430 | -€4,467 | -26.4% |
| Taxes, remuneration and social security | 45 | €22,963 | €7,353 | -€15,610 | -68.0% |
| Taxes | 450/3 | €5,003 | €1,500 | -€3,503 | -70.0% |
| Remuneration and social security | 454/9 | €17,960 | €5,853 | -€12,107 | -67.4% |
| Other amounts payable | 47/48 | €2,790 | €2,526 | -€264 | -9.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €50,922 | €37,198 | -€13,724 | -27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,589 | €6,683 | +€94 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,300 | +€1,300 | |
| Other operating charges | 640/8 | €2,674 | €4,639 | +€1,964 | +73.4% |
| Gross operating margin | 9900 | €38,966 | €47,330 | +€8,364 | +21.5% |
| Operating profit (loss) | 9901 | -€21,220 | -€2,490 | +€18,730 | +88.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €2,524 | €1,658 | -€866 | -34.3% |
| Recurring financial charges | 65 | €2,524 | €1,658 | -€866 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | -€23,744 | -€4,148 | +€19,596 | +82.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€23,744 | -€4,148 | +€19,596 | +82.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,744 | -€4,148 | +€19,596 | +82.5% |
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 3 October 2026 via checked.be.