KM GROEP: 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 GROEP
Largest movements
- Receivables within one year -€33,199
down €33,199 (-27.0%), from €123,040 to €89,841
of which Other amounts receivable: -€19,829
- Cash -€30,438
down €30,438 (-66.3%), from €45,896 to €15,458
mainly Accrued charges and deferred income (-€69,500) and Trade debts (-€6,504)
- Accrued charges and deferred income -€69,500
down €69,500 (-100%), from €69,500 to €0
- Profit (loss) carried forward +€7,665
up €7,665 (+24.8%), from €30,918 to €38,583
- Trade debts -€6,504
down €6,504 (-8.2%), from €79,566 to €73,062
- Gross operating margin -€1,278
down €1,278 (-3.8%), from €33,908 to €32,629
- Financial charges -€1,269
down €1,269 (-12.0%), from €10,574 to €9,304
- Depreciation +€669
up €669 (+17.9%), from €3,745 to €4,414
- Other operating charges -€508
down €508 (-5.6%), from €9,053 to €8,545
- Financial income -€504
down €504 (-100%), from €504 to €0
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 | €462,512 | €398,485 | -€64,027 | -13.8% |
| Fixed assets | 21/28 | €10,271 | €8,813 | -€1,458 | -14.2% |
| Tangible fixed assets | 22/27 | €9,271 | €7,313 | -€1,958 | -21.1% |
| Plant, machinery and equipment | 23 | €2,295 | €4,065 | +€1,770 | +77.1% |
| Furniture and vehicles | 24 | €6,976 | €3,248 | -€3,728 | -53.4% |
| Financial fixed assets | 28 | €1,000 | €1,500 | +€500 | +50.0% |
| Current assets | 29/58 | €452,241 | €389,671 | -€62,570 | -13.8% |
| Stocks and contracts in progress | 3 | €283,305 | €284,372 | +€1,067 | +0.4% |
| Stocks | 30/36 | €283,305 | €284,372 | +€1,067 | +0.4% |
| Amounts receivable within one year | 40/41 | €123,040 | €89,841 | -€33,199 | -27.0% |
| Trade receivables | 40 | €73,000 | €59,630 | -€13,370 | -18.3% |
| Other amounts receivable | 41 | €50,040 | €30,211 | -€19,829 | -39.6% |
| Cash at bank and in hand | 54/58 | €45,896 | €15,458 | -€30,438 | -66.3% |
| Total equity and liabilities | 10/49 | €462,512 | €398,485 | -€64,027 | -13.8% |
| Equity | 10/15 | €72,918 | €80,583 | +€7,665 | +10.5% |
| Contributions | 10/11 | €42,000 | €42,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,918 | €38,583 | +€7,665 | +24.8% |
| Amounts payable | 17/49 | €389,594 | €317,901 | -€71,693 | -18.4% |
| Amounts payable after more than one year | 17 | - | €4,200 | +€4,200 | |
| Other amounts payable | 178/9 | - | €4,200 | +€4,200 | |
| Amounts payable within one year | 42/48 | €320,094 | €313,701 | -€6,393 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €207,000 | €207,000 | = | 0.0% |
| Trade debts | 44 | €79,566 | €73,062 | -€6,504 | -8.2% |
| Suppliers | 440/4 | €79,566 | €73,062 | -€6,504 | -8.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,470 | €5,731 | +€1,261 | +28.2% |
| Taxes | 450/3 | €4,470 | €5,731 | +€1,261 | +28.2% |
| Other amounts payable | 47/48 | €29,059 | €27,909 | -€1,150 | -4.0% |
| Accrued charges and deferred income | 492/3 | €69,500 | €0 | -€69,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,745 | €4,414 | +€669 | +17.9% |
| Other operating charges | 640/8 | €9,053 | €8,545 | -€508 | -5.6% |
| Gross operating margin | 9900 | €33,908 | €32,629 | -€1,278 | -3.8% |
| Operating profit (loss) | 9901 | €21,110 | €19,670 | -€1,440 | -6.8% |
| Financial income | 75/76B | €504 | €0 | -€504 | -100% |
| Recurring financial income | 75 | €504 | €0 | -€504 | -100% |
| Financial charges | 65/66B | €10,574 | €9,304 | -€1,269 | -12.0% |
| Recurring financial charges | 65 | €10,574 | €9,304 | -€1,269 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €11,041 | €10,366 | -€675 | -6.1% |
| Income taxes | 67/77 | €3,030 | €2,701 | -€329 | -10.9% |
| Profit (loss) for the period | 9904 | €8,011 | €7,665 | -€346 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,011 | €7,665 | -€346 | -4.3% |
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 23 October 2026 via checked.be.