KM Fire: 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 Fire
Largest movements
- Cash +€111,615
up €111,615 (+133.8%), from €83,424 to €195,039
mainly Net result for the year (+€64,684) and Other debts (+€62,338)
- Tangible fixed assets -€39,218
down €39,218 (-13.3%), from €295,153 to €255,935
of which Furniture and vehicles: -€21,641
- Receivables within one year -€19,891
down €19,891 (-79.6%), from €25,001 to €5,110
of which Trade receivables: -€19,891
- Stocks and contracts -€11,762
down €11,762 (-21.1%), from €55,726 to €43,964
- Other debts +€62,338
up €62,338 (+423.1%), from €14,733 to €77,071
- Advances received -€18,515
down €18,515 (-72.6%), from €25,515 to €7,000
- Debts after one year -€11,026
down €11,026 (-51.4%), from €21,452 to €10,426
- Gross operating margin -€119,575
down €119,575 (-47.2%), from €253,417 to €133,843
- Taxes -€45,648
down €45,648 (-63.9%), from €71,383 to €25,736
- Depreciation +€20,599
up €20,599 (+102.2%), from €20,166 to €40,765
- Financial charges -€3,870
down €3,870 (-64.6%), from €5,986 to €2,117
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 | €461,096 | €502,347 | +€41,251 | +8.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €295,153 | €255,935 | -€39,218 | -13.3% |
| Tangible fixed assets | 22/27 | €295,153 | €255,935 | -€39,218 | -13.3% |
| Land and buildings | 22 | €232,899 | €218,421 | -€14,477 | -6.2% |
| Plant, machinery and equipment | 23 | €8,390 | €5,290 | -€3,100 | -36.9% |
| Furniture and vehicles | 24 | €53,865 | €32,224 | -€21,641 | -40.2% |
| Current assets | 29/58 | €165,943 | €246,412 | +€80,469 | +48.5% |
| Stocks and contracts in progress | 3 | €55,726 | €43,964 | -€11,762 | -21.1% |
| Stocks | 30/36 | €55,726 | €43,964 | -€11,762 | -21.1% |
| Amounts receivable within one year | 40/41 | €25,001 | €5,110 | -€19,891 | -79.6% |
| Trade receivables | 40 | €24,952 | €5,061 | -€19,891 | -79.7% |
| Other amounts receivable | 41 | €49 | €49 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €83,424 | €195,039 | +€111,615 | +133.8% |
| Deferred charges and accrued income | 490/1 | €1,792 | €2,299 | +€507 | +28.3% |
| Total equity and liabilities | 10/49 | €461,096 | €502,347 | +€41,251 | +8.9% |
| Equity | 10/15 | €371,886 | €375,018 | +€3,132 | +0.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €368,886 | €372,018 | +€3,132 | +0.8% |
| Distributable reserves | 133 | €368,886 | €372,018 | +€3,132 | +0.8% |
| Amounts payable | 17/49 | €89,211 | €127,330 | +€38,119 | +42.7% |
| Amounts payable after more than one year | 17 | €21,452 | €10,426 | -€11,026 | -51.4% |
| Financial debts | 170/4 | €21,452 | €10,426 | -€11,026 | -51.4% |
| Amounts payable within one year | 42/48 | €67,758 | €116,903 | +€49,145 | +72.5% |
| Current portion of amounts payable after more than one year | 42 | €10,674 | €11,026 | +€352 | +3.3% |
| Trade debts | 44 | €3,221 | €5,926 | +€2,705 | +84.0% |
| Suppliers | 440/4 | €3,221 | €5,926 | +€2,705 | +84.0% |
| Advances received on contracts in progress | 46 | €25,515 | €7,000 | -€18,515 | -72.6% |
| Taxes, remuneration and social security | 45 | €13,616 | €15,880 | +€2,264 | +16.6% |
| Taxes | 450/3 | €13,616 | €15,880 | +€2,264 | +16.6% |
| Other amounts payable | 47/48 | €14,733 | €77,071 | +€62,338 | +423.1% |
| Non-recurring operating income | 76A | - | €99 | +€99 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,166 | €40,765 | +€20,599 | +102.2% |
| Other operating charges | 640/8 | €2,090 | €1,909 | -€180 | -8.6% |
| Non-recurring operating charges | 66A | €5,834 | - | -€5,834 | |
| Gross operating margin | 9900 | €253,417 | €133,843 | -€119,575 | -47.2% |
| Operating profit (loss) | 9901 | €225,328 | €91,168 | -€134,160 | -59.5% |
| Financial income | 75/76B | €3,655 | €1,368 | -€2,287 | -62.6% |
| Recurring financial income | 75 | €3,655 | €1,368 | -€2,287 | -62.6% |
| Financial charges | 65/66B | €5,986 | €2,117 | -€3,870 | -64.6% |
| Recurring financial charges | 65 | €5,986 | €2,117 | -€3,870 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | €222,997 | €90,420 | -€132,577 | -59.5% |
| Income taxes | 67/77 | €71,383 | €25,736 | -€45,648 | -63.9% |
| Profit (loss) for the period | 9904 | €151,613 | €64,684 | -€86,929 | -57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €151,613 | €64,684 | -€86,929 | -57.3% |
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 9 October 2026 via checked.be.