KM PROJECTS: 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 PROJECTS
Largest movements
- Tangible fixed assets +€24,975
up €24,975 (+106%), from €23,668 to €48,643
of which Furniture and vehicles: +€25,538
- Cash +€18,035
up €18,035 (+60.2%), from €29,978 to €48,014
mainly Debts after one year (+€14,565) and Net result for the year (+€13,936)
- Receivables within one year -€13,552
down €13,552 (-82.7%), from €16,381 to €2,829
of which Trade receivables: -€14,770
- Deferred charges and accrued income +€4,885
up €4,885 (+106%), from €4,611 to €9,496
- Debts after one year +€14,565
up €14,565 (+85.9%), from €16,951 to €31,516
- Other debts +€13,411
up €13,411 (+282%), from €4,750 to €18,161
- Trade debts +€8,402
up €8,402 (+551%), from €1,526 to €9,928
- Profit (loss) carried forward -€7,128
down €7,128 (-33.8%), from €21,065 to €13,936
- Current portion of long-term debt +€5,945
up €5,945 (+134%), from €4,451 to €10,396
- Gross operating margin +€100,072
up €100,072 (+361%), from €27,749 to €127,822
- Staff costs +€76,893
new in 2025: €76,893
- Depreciation +€8,835
up €8,835 (+225%), from €3,919 to €12,754
- Other operating charges +€8,527
up €8,527 (+2,238%), from €381 to €8,908
- Taxes +€3,782
up €3,782 (+84.8%), from €4,462 to €8,244
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 | €74,639 | €108,982 | +€34,343 | +46.0% |
| Fixed assets | 21/28 | €23,668 | €48,643 | +€24,975 | +106% |
| Tangible fixed assets | 22/27 | €23,668 | €48,643 | +€24,975 | +106% |
| Plant, machinery and equipment | 23 | €2,316 | €1,753 | -€563 | -24.3% |
| Furniture and vehicles | 24 | €21,352 | €46,890 | +€25,538 | +120% |
| Current assets | 29/58 | €50,971 | €60,339 | +€9,368 | +18.4% |
| Amounts receivable within one year | 40/41 | €16,381 | €2,829 | -€13,552 | -82.7% |
| Trade receivables | 40 | €15,843 | €1,073 | -€14,770 | -93.2% |
| Other amounts receivable | 41 | €538 | €1,756 | +€1,218 | +226% |
| Cash at bank and in hand | 54/58 | €29,978 | €48,014 | +€18,035 | +60.2% |
| Deferred charges and accrued income | 490/1 | €4,611 | €9,496 | +€4,885 | +106% |
| Total equity and liabilities | 10/49 | €74,639 | €108,982 | +€34,343 | +46.0% |
| Equity | 10/15 | €39,665 | €32,536 | -€7,128 | -18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,065 | €13,936 | -€7,128 | -33.8% |
| Amounts payable | 17/49 | €34,974 | €76,446 | +€41,471 | +119% |
| Amounts payable after more than one year | 17 | €16,951 | €31,516 | +€14,565 | +85.9% |
| Financial debts | 170/4 | €16,951 | €31,516 | +€14,565 | +85.9% |
| Amounts payable within one year | 42/48 | €18,023 | €44,011 | +€25,988 | +144% |
| Current portion of amounts payable after more than one year | 42 | €4,451 | €10,396 | +€5,945 | +134% |
| Trade debts | 44 | €1,526 | €9,928 | +€8,402 | +551% |
| Suppliers | 440/4 | €1,526 | €9,928 | +€8,402 | +551% |
| Taxes, remuneration and social security | 45 | €7,296 | €5,525 | -€1,771 | -24.3% |
| Taxes | 450/3 | €4,056 | €5,525 | +€1,469 | +36.2% |
| Remuneration and social security | 454/9 | €3,240 | - | -€3,240 | |
| Other amounts payable | 47/48 | €4,750 | €18,161 | +€13,411 | +282% |
| Accrued charges and deferred income | 492/3 | - | €919 | +€919 | |
| Non-recurring operating income | 76A | €5,697 | - | -€5,697 | |
| Remuneration, social security and pensions | 62 | - | €76,893 | +€76,893 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,919 | €12,754 | +€8,835 | +225% |
| Other operating charges | 640/8 | €381 | €8,908 | +€8,527 | +2,238% |
| Gross operating margin | 9900 | €27,749 | €127,822 | +€100,072 | +361% |
| Operating profit (loss) | 9901 | €23,450 | €29,267 | +€5,817 | +24.8% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €3,554 | €7,090 | +€3,536 | +99.5% |
| Recurring financial charges | 65 | €3,554 | €7,090 | +€3,536 | +99.5% |
| Profit (loss) for the period before taxes | 9903 | €19,896 | €22,180 | +€2,285 | +11.5% |
| Income taxes | 67/77 | €4,462 | €8,244 | +€3,782 | +84.8% |
| Profit (loss) for the period | 9904 | €15,433 | €13,936 | -€1,497 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,433 | €13,936 | -€1,497 | -9.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.