KM PRODUCTS: 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 PRODUCTS
Largest movements
- Stocks and contracts +€136,804
up €136,804 (+176%), from €77,707 to €214,511
- Tangible fixed assets -€91,975
down €91,975 (-8.1%), from €1.1m to €1.0m
of which Land and buildings: -€47,496
- Receivables within one year -€17,203
down €17,203 (-14.0%), from €123,147 to €105,944
of which Trade receivables: -€26,527
- Debts after one year -€98,213
down €98,213 (-16.0%), from €614,441 to €516,228
- Short-term financial debts +€65,000
up €65,000 (+65.0%), from €100,000 to €165,000
- Reserves +€52,669
up €52,669 (+49.0%), from €107,574 to €160,243
of which Distributable reserves: +€52,669
- Other debts -€51,000
down €51,000 (-14.4%), from €354,447 to €303,447
- Trade debts +€38,494
up €38,494 (+74.8%), from €51,485 to €89,979
- Gross operating margin +€38,836
up €38,836 (+16.7%), from €233,040 to €271,875
- Depreciation -€14,903
down €14,903 (-7.9%), from €189,389 to €174,486
- Taxes +€6,609
up €6,609 (+814%), from €812 to €7,421
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 | €1,387,917 | €1,402,151 | +€14,233 | +1.0% |
| Fixed assets | 21/28 | €1,172,621 | €1,069,275 | -€103,346 | -8.8% |
| Intangible fixed assets | 21 | €41,033 | €29,662 | -€11,371 | -27.7% |
| Tangible fixed assets | 22/27 | €1,131,588 | €1,039,613 | -€91,975 | -8.1% |
| Land and buildings | 22 | €578,665 | €531,169 | -€47,496 | -8.2% |
| Plant, machinery and equipment | 23 | €141,574 | €103,885 | -€37,688 | -26.6% |
| Furniture and vehicles | 24 | €411,349 | €404,559 | -€6,790 | -1.7% |
| Current assets | 29/58 | €215,296 | €332,876 | +€117,580 | +54.6% |
| Stocks and contracts in progress | 3 | €77,707 | €214,511 | +€136,804 | +176% |
| Stocks | 30/36 | €77,707 | €214,511 | +€136,804 | +176% |
| Amounts receivable within one year | 40/41 | €123,147 | €105,944 | -€17,203 | -14.0% |
| Trade receivables | 40 | €117,217 | €90,690 | -€26,527 | -22.6% |
| Other amounts receivable | 41 | €5,931 | €15,255 | +€9,324 | +157% |
| Cash at bank and in hand | 54/58 | €7,882 | €3,837 | -€4,044 | -51.3% |
| Deferred charges and accrued income | 490/1 | €6,560 | €8,584 | +€2,024 | +30.8% |
| Total equity and liabilities | 10/49 | €1,387,917 | €1,402,151 | +€14,233 | +1.0% |
| Equity | 10/15 | €126,446 | €179,116 | +€52,669 | +41.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,574 | €160,243 | +€52,669 | +49.0% |
| 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 | €105,714 | €158,383 | +€52,669 | +49.8% |
| Profit (loss) carried forward | 14 | €273 | €273 | = | 0.0% |
| Amounts payable | 17/49 | €1,261,471 | €1,223,035 | -€38,436 | -3.0% |
| Amounts payable after more than one year | 17 | €614,441 | €516,228 | -€98,213 | -16.0% |
| Financial debts | 170/4 | €614,441 | €516,228 | -€98,213 | -16.0% |
| Amounts payable within one year | 42/48 | €643,610 | €705,172 | +€61,562 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €131,544 | €138,213 | +€6,668 | +5.1% |
| Financial debts | 43 | €100,000 | €165,000 | +€65,000 | +65.0% |
| Credit institutions | 430/8 | €100,000 | €165,000 | +€65,000 | +65.0% |
| Trade debts | 44 | €51,485 | €89,979 | +€38,494 | +74.8% |
| Suppliers | 440/4 | €51,485 | €89,979 | +€38,494 | +74.8% |
| Taxes, remuneration and social security | 45 | €6,134 | €8,534 | +€2,400 | +39.1% |
| Taxes | 450/3 | €6,134 | €8,534 | +€2,400 | +39.1% |
| Other amounts payable | 47/48 | €354,447 | €303,447 | -€51,000 | -14.4% |
| Accrued charges and deferred income | 492/3 | €3,420 | €1,635 | -€1,785 | -52.2% |
| Non-recurring operating income | 76A | €50,411 | €0 | -€50,411 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189,389 | €174,486 | -€14,903 | -7.9% |
| Other operating charges | 640/8 | €6,880 | €6,711 | -€168 | -2.4% |
| Gross operating margin | 9900 | €233,040 | €271,875 | +€38,836 | +16.7% |
| Operating profit (loss) | 9901 | €36,771 | €90,678 | +€53,907 | +147% |
| Financial income | 75/76B | €13 | €0 | -€13 | -100% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -100% |
| Financial charges | 65/66B | €31,186 | €30,588 | -€598 | -1.9% |
| Recurring financial charges | 65 | €31,186 | €30,588 | -€598 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €5,598 | €60,090 | +€54,492 | +973% |
| Income taxes | 67/77 | €812 | €7,421 | +€6,609 | +814% |
| Profit (loss) for the period | 9904 | €4,785 | €52,669 | +€47,884 | +1,001% |
| Profit (loss) for the period to be appropriated | 9905 | €4,785 | €52,669 | +€47,884 | +1,001% |
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 31 October 2026 via checked.be.