KM ADVISORY SERVICES: what changed
Two financial 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 ADVISORY SERVICES
Largest movements
- Stocks and contracts +€15,210
new in 2025: €15,210
- Current investments +€6,897
up €6,897 (+9.1%), from €76,103 to €83,000
- Cash -€4,126
down €4,126 (-34.6%), from €11,939 to €7,813
mainly Contributions, distributions and other (-€90,000) and Stocks and contracts (-€15,210)
- Receivables within one year -€1,595
down €1,595 (-92.6%), from €1,723 to €128
- Tax, wage and social debts +€5,528
up €5,528 (+40.8%), from €13,535 to €19,063
of which Taxes: +€5,122
- Trade debts +€4,836
up €4,836 (+153%), from €3,169 to €8,006
- Other debts +€3,400
up €3,400 (+4.7%), from €73,100 to €76,500
- Reserves +€2,696
up €2,696 (+180%), from €1,498 to €4,194
of which Distributable reserves: +€2,696
- Gross operating margin +€8,895
up €8,895 (+8.0%), from €111,288 to €120,183
- Taxes +€2,487
up €2,487 (+11.0%), from €22,647 to €25,134
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.
Derived cash bridge
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 | €95,302 | €111,762 | +€16,460 | +17.3% |
| Fixed assets | 21/28 | €5,537 | €5,611 | +€75 | +1.3% |
| Tangible fixed assets | 22/27 | €5,537 | €5,611 | +€75 | +1.3% |
| Land and buildings | 22 | €1,921 | €1,724 | -€197 | -10.3% |
| Plant, machinery and equipment | 23 | €1,164 | €741 | -€423 | -36.4% |
| Furniture and vehicles | 24 | €2,452 | €3,147 | +€695 | +28.3% |
| Current assets | 29/58 | €89,765 | €106,151 | +€16,385 | +18.3% |
| Stocks and contracts in progress | 3 | - | €15,210 | +€15,210 | |
| Contracts in progress | 37 | - | €15,210 | +€15,210 | |
| Amounts receivable within one year | 40/41 | €1,723 | €128 | -€1,595 | -92.6% |
| Other amounts receivable | 41 | €1,723 | €128 | -€1,595 | -92.6% |
| Current investments | 50/53 | €76,103 | €83,000 | +€6,897 | +9.1% |
| Cash at bank and in hand | 54/58 | €11,939 | €7,813 | -€4,126 | -34.6% |
| Total equity and liabilities | 10/49 | €95,302 | €111,762 | +€16,460 | +17.3% |
| Equity | 10/15 | €5,498 | €8,194 | +€2,696 | +49.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €1,498 | €4,194 | +€2,696 | +180% |
| Non-distributable reserves | 130/1 | €400 | €400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €400 | €400 | = | 0.0% |
| Distributable reserves | 133 | €1,098 | €3,794 | +€2,696 | +246% |
| Amounts payable | 17/49 | €89,804 | €103,569 | +€13,764 | +15.3% |
| Amounts payable within one year | 42/48 | €89,804 | €103,569 | +€13,764 | +15.3% |
| Trade debts | 44 | €3,169 | €8,006 | +€4,836 | +153% |
| Suppliers | 440/4 | €3,169 | €8,006 | +€4,836 | +153% |
| Taxes, remuneration and social security | 45 | €13,535 | €19,063 | +€5,528 | +40.8% |
| Taxes | 450/3 | €13,535 | €18,657 | +€5,122 | +37.8% |
| Remuneration and social security | 454/9 | - | €406 | +€406 | |
| Other amounts payable | 47/48 | €73,100 | €76,500 | +€3,400 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,523 | €1,731 | +€208 | +13.7% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €111,288 | €120,183 | +€8,895 | +8.0% |
| Operating profit (loss) | 9901 | €109,647 | €118,332 | +€8,685 | +7.9% |
| Financial income | 75/76B | €1,234 | €872 | -€362 | -29.3% |
| Recurring financial income | 75 | €1,234 | €872 | -€362 | -29.3% |
| Financial charges | 65/66B | €2,209 | €1,375 | -€834 | -37.8% |
| Recurring financial charges | 65 | €2,209 | €1,375 | -€834 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €108,672 | €117,830 | +€9,158 | +8.4% |
| Income taxes | 67/77 | €22,647 | €25,134 | +€2,487 | +11.0% |
| Profit (loss) for the period | 9904 | €86,025 | €92,696 | +€6,671 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €86,025 | €92,696 | +€6,671 | +7.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.