KM CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year +€115,366
up €115,366 (+345.5%), from €33,394 to €148,760
of which Trade receivables: +€122,214
- Tangible fixed assets +€36,966
up €36,966 (+52.1%), from €70,987 to €107,952
of which Plant, machinery and equipment: +€43,284
- Cash +€14,040
up €14,040 (+21.1%), from €66,431 to €80,471
mainly Trade debts (+€56,643) and Net result for the year (+€50,069)
- Trade debts +€56,643
up €56,643 (+124.9%), from €45,337 to €101,980
- Reserves +€49,000
up €49,000 (+179.8%), from €27,255 to €76,255
- Accrued charges and deferred income +€35,371
up €35,371 (+5349.6%), from €661 to €36,032
- Tax, wage and social debts +€24,991
up €24,991 (+891.6%), from €2,803 to €27,794
of which Taxes: +€19,829
- Debts after one year -€7,741
down €7,741 (-59.1%), from €13,102 to €5,360
- Gross operating margin +€55,775
up €55,775 (+53.4%), from €104,512 to €160,286
- Taxes +€12,848
new in 2025: €12,848
- Staff costs +€12,369
up €12,369 (+24.9%), from €49,610 to €61,978
- Other operating charges -€5,923
down €5,923 (-85.8%), from €6,905 to €983
- Financial income +€4,453
up €4,453 (+15414.6%), from €29 to €4,482
of which Non-recurring financial income: +€4,381
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 | €175,575 | €340,461 | +€164,886 | +93.9% |
| Fixed assets | 21/28 | €71,047 | €108,012 | +€36,966 | +52.0% |
| Tangible fixed assets | 22/27 | €70,987 | €107,952 | +€36,966 | +52.1% |
| Plant, machinery and equipment | 23 | €12,898 | €56,181 | +€43,284 | +335.6% |
| Furniture and vehicles | 24 | €58,089 | €51,771 | -€6,318 | -10.9% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €104,528 | €232,449 | +€127,921 | +122.4% |
| Amounts receivable within one year | 40/41 | €33,394 | €148,760 | +€115,366 | +345.5% |
| Trade receivables | 40 | €20,929 | €143,143 | +€122,214 | +583.9% |
| Other amounts receivable | 41 | €12,465 | €5,617 | -€6,848 | -54.9% |
| Cash at bank and in hand | 54/58 | €66,431 | €80,471 | +€14,040 | +21.1% |
| Deferred charges and accrued income | 490/1 | €4,703 | €3,217 | -€1,486 | -31.6% |
| Total equity and liabilities | 10/49 | €175,575 | €340,461 | +€164,886 | +93.9% |
| Equity | 10/15 | €101,061 | €151,130 | +€50,069 | +49.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €27,255 | €76,255 | +€49,000 | +179.8% |
| Distributable reserves | 133 | €27,255 | €76,255 | +€49,000 | +179.8% |
| Profit (loss) carried forward | 14 | €53,346 | €54,415 | +€1,069 | +2.0% |
| Amounts payable | 17/49 | €74,514 | €189,331 | +€114,817 | +154.1% |
| Amounts payable after more than one year | 17 | €13,102 | €5,360 | -€7,741 | -59.1% |
| Financial debts | 170/4 | €13,102 | €5,360 | -€7,741 | -59.1% |
| Amounts payable within one year | 42/48 | €60,751 | €147,939 | +€87,188 | +143.5% |
| Current portion of amounts payable after more than one year | 42 | €7,397 | €7,741 | +€345 | +4.7% |
| Trade debts | 44 | €45,337 | €101,980 | +€56,643 | +124.9% |
| Suppliers | 440/4 | €45,337 | €101,980 | +€56,643 | +124.9% |
| Taxes, remuneration and social security | 45 | €2,803 | €27,794 | +€24,991 | +891.6% |
| Taxes | 450/3 | €1,053 | €20,882 | +€19,829 | +1882.4% |
| Remuneration and social security | 454/9 | €1,750 | €6,912 | +€5,162 | +295.0% |
| Other amounts payable | 47/48 | €5,214 | €10,423 | +€5,209 | +99.9% |
| Accrued charges and deferred income | 492/3 | €661 | €36,032 | +€35,371 | +5349.6% |
| Remuneration, social security and pensions | 62 | €49,610 | €61,978 | +€12,369 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,457 | €37,165 | +€1,708 | +4.8% |
| Other operating charges | 640/8 | €6,905 | €983 | -€5,923 | -85.8% |
| Gross operating margin | 9900 | €104,512 | €160,286 | +€55,775 | +53.4% |
| Operating profit (loss) | 9901 | €12,539 | €60,160 | +€47,621 | +379.8% |
| Financial income | 75/76B | €29 | €4,482 | +€4,453 | +15414.6% |
| Recurring financial income | 75 | €29 | €101 | +€72 | +250.3% |
| Non-recurring financial income | 76B | - | €4,381 | +€4,381 | |
| Financial charges | 65/66B | €2,729 | €1,725 | -€1,004 | -36.8% |
| Recurring financial charges | 65 | €2,729 | €1,725 | -€1,004 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €9,839 | €62,917 | +€53,078 | +539.5% |
| Income taxes | 67/77 | - | €12,848 | +€12,848 | |
| Profit (loss) for the period | 9904 | €9,839 | €50,069 | +€40,230 | +408.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,839 | €50,069 | +€40,230 | +408.9% |
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 11 October 2026 via checked.be.