KM BUILDING: 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 BUILDING
Largest movements
- Tangible fixed assets +€367,554
up €367,554 (+72,831%), from €505 to €368,059
of which Land and buildings: +€368,059
- Receivables within one year -€125,810
down €125,810 (-42.5%), from €296,255 to €170,445
of which Trade receivables: -€127,213
- Formation expenses +€23,458
new in 2025: €23,458
- Intangible fixed assets -€23,458
down €23,458 (-100%), from €23,458 to €0
- Cash -€8,754
down €8,754 (-98.5%), from €8,883 to €130
mainly Investment in fixed assets (net) (-€369,489) and Contributions, distributions and other (-€87,999)
- Debts after one year +€264,000
new in 2025: €264,000
- Reserves -€87,999
down €87,999 (-93.8%), from €93,779 to €5,780
of which Tax-exempt reserves: -€87,999
- Profit (loss) carried forward +€58,914
up €58,914 (+32.6%), from €180,813 to €239,727
- Provisions -€30,419
down €30,419 (-100%), from €30,419 to €0
- Tax, wage and social debts +€28,901
up €28,901 (+365%), from €7,913 to €36,814
- Gross operating margin -€50,379
down €50,379, from €28,652 to -€21,727
- Taxes +€30,196
up €30,196 (+673%), from €4,488 to €34,684
- Other operating charges -€7,597
down €7,597 (-95.1%), from €7,984 to €387
- Financial charges -€4,144
down €4,144 (-67.3%), from €6,159 to €2,015
- Financial income +€1,244
new in 2025: €1,244
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 | €329,101 | €562,621 | +€233,520 | +71.0% |
| Formation expenses | 20 | - | €23,458 | +€23,458 | |
| Fixed assets | 21/28 | €23,962 | €368,059 | +€344,097 | +1,436% |
| Intangible fixed assets | 21 | €23,458 | €0 | -€23,458 | -100% |
| Tangible fixed assets | 22/27 | €505 | €368,059 | +€367,554 | +72,831% |
| Land and buildings | 22 | - | €368,059 | +€368,059 | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €505 | €0 | -€505 | -100% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €305,138 | €171,104 | -€134,034 | -43.9% |
| Amounts receivable within one year | 40/41 | €296,255 | €170,445 | -€125,810 | -42.5% |
| Trade receivables | 40 | €287,327 | €160,114 | -€127,213 | -44.3% |
| Other amounts receivable | 41 | €8,928 | €10,331 | +€1,404 | +15.7% |
| Cash at bank and in hand | 54/58 | €8,883 | €130 | -€8,754 | -98.5% |
| Deferred charges and accrued income | 490/1 | €0 | €529 | +€529 | |
| Total equity and liabilities | 10/49 | €329,101 | €562,621 | +€233,520 | +71.0% |
| Equity | 10/15 | €280,792 | €251,707 | -€29,084 | -10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €93,779 | €5,780 | -€87,999 | -93.8% |
| Non-distributable reserves | 130/1 | €5,780 | €5,780 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,780 | €5,780 | = | 0.0% |
| Tax-exempt reserves | 132 | €87,999 | €0 | -€87,999 | -100% |
| Profit (loss) carried forward | 14 | €180,813 | €239,727 | +€58,914 | +32.6% |
| Provisions and deferred taxes | 16 | €30,419 | €0 | -€30,419 | -100% |
| Deferred taxes | 168 | €30,419 | €0 | -€30,419 | -100% |
| Amounts payable | 17/49 | €17,889 | €310,913 | +€293,024 | +1,638% |
| Amounts payable after more than one year | 17 | - | €264,000 | +€264,000 | |
| Financial debts | 170/4 | - | €264,000 | +€264,000 | |
| Amounts payable within one year | 42/48 | €17,889 | €46,913 | +€29,024 | +162% |
| Trade debts | 44 | €9,695 | €3,946 | -€5,750 | -59.3% |
| Suppliers | 440/4 | €9,695 | €3,946 | -€5,750 | -59.3% |
| Taxes, remuneration and social security | 45 | €7,913 | €36,814 | +€28,901 | +365% |
| Taxes | 450/3 | €7,913 | €36,814 | +€28,901 | +365% |
| Other amounts payable | 47/48 | €281 | €6,153 | +€5,873 | +2,091% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €968 | €1,934 | +€967 | +99.9% |
| Other operating charges | 640/8 | €7,984 | €387 | -€7,597 | -95.1% |
| Gross operating margin | 9900 | €28,652 | -€21,727 | -€50,379 | |
| Operating profit (loss) | 9901 | €19,700 | -€24,049 | -€43,749 | |
| Financial income | 75/76B | - | €1,244 | +€1,244 | |
| Recurring financial income | 75 | - | €1,244 | +€1,244 | |
| Financial charges | 65/66B | €6,159 | €2,015 | -€4,144 | -67.3% |
| Recurring financial charges | 65 | €6,159 | €2,015 | -€4,144 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | €13,541 | -€24,820 | -€38,360 | |
| Transfer from deferred taxes | 780 | €0 | €118,418 | +€118,418 | |
| Income taxes | 67/77 | €4,488 | €34,684 | +€30,196 | +673% |
| Profit (loss) for the period | 9904 | €9,052 | €58,914 | +€49,862 | +551% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €9,052 | €58,914 | +€49,862 | +551% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.