KM.G: 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.G
Largest movements
- Deferred charges and accrued income +€13,789
up €13,789 (+231.7%), from €5,950 to €19,740
- Cash -€4,035
down €4,035 (-10.2%), from €39,436 to €35,401
mainly Tax, wage and social debts (-€15,564) and Deferred charges and accrued income (-€13,789)
- Receivables within one year +€2,819
new in 2025: €2,819
of which Other amounts receivable: +€2,594
- Tangible fixed assets +€737
up €737 (+8.1%), from €9,139 to €9,876
of which Furniture and vehicles: +€1,640
- Tax, wage and social debts -€15,564
down €15,564 (-44.8%), from €34,747 to €19,183
of which Taxes: -€14,351
- Profit (loss) carried forward +€14,071
up €14,071 (+27.6%), from -€51,019 to -€36,948
- Trade debts +€12,452
up €12,452 (+179.6%), from €6,934 to €19,386
- Other debts +€5,115
up €5,115 (+182.5%), from €2,803 to €7,918
- Accrued charges and deferred income -€3,164
down €3,164 (-33.7%), from €9,400 to €6,236
- Staff costs -€70,355
down €70,355 (-86.9%), from €80,925 to €10,570
- Gross operating margin -€14,240
down €14,240 (-25.6%), from €55,644 to €41,404
- Financial charges +€3,542
up €3,542 (+499.4%), from €709 to €4,251
- Other operating charges +€1,902
up €1,902 (+27.1%), from €7,026 to €8,929
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 | €55,324 | €68,235 | +€12,910 | +23.3% |
| Fixed assets | 21/28 | €9,938 | €10,275 | +€337 | +3.4% |
| Intangible fixed assets | 21 | €799 | €399 | -€400 | -50.1% |
| Tangible fixed assets | 22/27 | €9,139 | €9,876 | +€737 | +8.1% |
| Furniture and vehicles | 24 | €1,564 | €3,204 | +€1,640 | +104.9% |
| Other tangible fixed assets | 26 | €7,575 | €6,672 | -€903 | -11.9% |
| Current assets | 29/58 | €45,386 | €57,960 | +€12,574 | +27.7% |
| Amounts receivable within one year | 40/41 | - | €2,819 | +€2,819 | |
| Trade receivables | 40 | - | €225 | +€225 | |
| Other amounts receivable | 41 | - | €2,594 | +€2,594 | |
| Cash at bank and in hand | 54/58 | €39,436 | €35,401 | -€4,035 | -10.2% |
| Deferred charges and accrued income | 490/1 | €5,950 | €19,740 | +€13,789 | +231.7% |
| Total equity and liabilities | 10/49 | €55,324 | €68,235 | +€12,910 | +23.3% |
| Equity | 10/15 | €1,441 | €15,512 | +€14,071 | +976.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,860 | €33,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €32,000 | €32,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,019 | -€36,948 | +€14,071 | +27.6% |
| Amounts payable | 17/49 | €53,884 | €52,723 | -€1,161 | -2.2% |
| Amounts payable within one year | 42/48 | €44,484 | €46,487 | +€2,003 | +4.5% |
| Trade debts | 44 | €6,934 | €19,386 | +€12,452 | +179.6% |
| Suppliers | 440/4 | €6,934 | €19,386 | +€12,452 | +179.6% |
| Taxes, remuneration and social security | 45 | €34,747 | €19,183 | -€15,564 | -44.8% |
| Taxes | 450/3 | €28,885 | €14,534 | -€14,351 | -49.7% |
| Remuneration and social security | 454/9 | €5,862 | €4,649 | -€1,213 | -20.7% |
| Other amounts payable | 47/48 | €2,803 | €7,918 | +€5,115 | +182.5% |
| Accrued charges and deferred income | 492/3 | €9,400 | €6,236 | -€3,164 | -33.7% |
| Remuneration, social security and pensions | 62 | €80,925 | €10,570 | -€70,355 | -86.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,167 | €3,616 | +€449 | +14.2% |
| Other operating charges | 640/8 | €7,026 | €8,929 | +€1,902 | +27.1% |
| Gross operating margin | 9900 | €55,644 | €41,404 | -€14,240 | -25.6% |
| Operating profit (loss) | 9901 | -€35,474 | €18,289 | +€53,763 | |
| Financial income | 75/76B | €133 | €34 | -€100 | -74.8% |
| Recurring financial income | 75 | €133 | €34 | -€100 | -74.8% |
| Financial charges | 65/66B | €709 | €4,251 | +€3,542 | +499.4% |
| Recurring financial charges | 65 | €709 | €4,251 | +€3,542 | +499.4% |
| Profit (loss) for the period before taxes | 9903 | -€36,050 | €14,071 | +€50,121 | |
| Profit (loss) for the period | 9904 | -€36,050 | €14,071 | +€50,121 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,050 | €14,071 | +€50,121 |
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 4 October 2026 via checked.be.