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
- Cash -€51,890
down €51,890 (-94.9%), from €54,655 to €2,765
mainly Deferred charges and accrued income (-€35,507) and Trade debts (-€33,896)
- Deferred charges and accrued income +€35,507
up €35,507 (+3,600%), from €986 to €36,493
- Tangible fixed assets -€16,180
down €16,180 (-46.4%), from €34,844 to €18,664
- Receivables within one year +€13,792
up €13,792 (+91.5%), from €15,072 to €28,864
of which Trade receivables: +€7,008
- Trade debts -€33,896
down €33,896 (-74.0%), from €45,829 to €11,932
- Other debts -€23,156
no longer reported in 2025 (was €23,156)
- Debts after one year +€17,371
up €17,371 (+91.3%), from €19,035 to €36,406
- Profit (loss) carried forward +€7,831
no longer reported in 2025 (was -€7,831)
- Current portion of long-term debt +€6,201
up €6,201 (+112%), from €5,537 to €11,738
- Gross operating margin +€105,961
up €105,961 (+659%), from €16,087 to €122,048
- Staff costs +€80,392
new in 2025: €80,392
- Depreciation -€6,238
down €6,238 (-47.1%), from €13,250 to €7,011
- Taxes +€3,585
up €3,585 (+1,076%), from €333 to €3,919
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 | €106,867 | €88,096 | -€18,771 | -17.6% |
| Fixed assets | 21/28 | €36,154 | €19,974 | -€16,180 | -44.8% |
| Tangible fixed assets | 22/27 | €34,844 | €18,664 | -€16,180 | -46.4% |
| Furniture and vehicles | 24 | €34,844 | €18,664 | -€16,180 | -46.4% |
| Financial fixed assets | 28 | €1,310 | €1,310 | = | 0.0% |
| Current assets | 29/58 | €70,713 | €68,122 | -€2,591 | -3.7% |
| Amounts receivable within one year | 40/41 | €15,072 | €28,864 | +€13,792 | +91.5% |
| Trade receivables | 40 | €438 | €7,446 | +€7,008 | +1,599% |
| Other amounts receivable | 41 | €14,633 | €21,418 | +€6,784 | +46.4% |
| Cash at bank and in hand | 54/58 | €54,655 | €2,765 | -€51,890 | -94.9% |
| Deferred charges and accrued income | 490/1 | €986 | €36,493 | +€35,507 | +3,600% |
| Total equity and liabilities | 10/49 | €106,867 | €88,096 | -€18,771 | -17.6% |
| Equity | 10/15 | €12,962 | €23,216 | +€10,254 | +79.1% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €388 | €2,811 | +€2,424 | +625% |
| Distributable reserves | 133 | €388 | €2,811 | +€2,424 | +625% |
| Profit (loss) carried forward | 14 | -€7,831 | - | +€7,831 | |
| Amounts payable | 17/49 | €93,905 | €64,880 | -€29,025 | -30.9% |
| Amounts payable after more than one year | 17 | €19,035 | €36,406 | +€17,371 | +91.3% |
| Financial debts | 170/4 | €19,035 | €36,406 | +€17,371 | +91.3% |
| Amounts payable within one year | 42/48 | €74,855 | €28,474 | -€46,382 | -62.0% |
| Current portion of amounts payable after more than one year | 42 | €5,537 | €11,738 | +€6,201 | +112% |
| Trade debts | 44 | €45,829 | €11,932 | -€33,896 | -74.0% |
| Suppliers | 440/4 | €45,829 | €11,932 | -€33,896 | -74.0% |
| Taxes, remuneration and social security | 45 | €333 | €4,803 | +€4,470 | +1,341% |
| Taxes | 450/3 | €333 | €4,542 | +€4,209 | +1,263% |
| Remuneration and social security | 454/9 | - | €261 | +€261 | |
| Other amounts payable | 47/48 | €23,156 | - | -€23,156 | |
| Accrued charges and deferred income | 492/3 | €15 | - | -€15 | |
| Non-recurring operating income | 76A | - | €12,579 | +€12,579 | |
| Remuneration, social security and pensions | 62 | - | €80,392 | +€80,392 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,250 | €7,011 | -€6,238 | -47.1% |
| Other operating charges | 640/8 | €1,616 | €2,411 | +€795 | +49.2% |
| Non-recurring operating charges | 66A | €3,306 | €12,349 | +€9,043 | +274% |
| Gross operating margin | 9900 | €16,087 | €122,048 | +€105,961 | +659% |
| Operating profit (loss) | 9901 | -€2,084 | €19,886 | +€21,970 | |
| Financial income | 75/76B | €0 | €7 | +€7 | +6,530% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +6,530% |
| Financial charges | 65/66B | €5,413 | €5,719 | +€306 | +5.7% |
| Recurring financial charges | 65 | €5,413 | €5,719 | +€306 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,497 | €14,173 | +€21,670 | |
| Income taxes | 67/77 | €333 | €3,919 | +€3,585 | +1,076% |
| Profit (loss) for the period | 9904 | -€7,831 | €10,254 | +€18,085 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,831 | €10,254 | +€18,085 |
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 27 October 2026 via checked.be.