KM SERVICES: 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 SERVICES
Largest movements
- Financial fixed assets +€280,000
up €280,000 (+40.0%), from €699,980 to €979,980
- Cash -€28,827
down €28,827 (-40.1%), from €71,929 to €43,102
mainly Investment in fixed assets (net) (-€307,932) and Receivables within one year (-€13,289)
- Other debts +€227,933
up €227,933 (+24.9%), from €916,489 to €1.1m
- Gross operating margin +€12,030
up €12,030 (+21.6%), from €55,808 to €67,837
- Taxes +€3,987
up €3,987 (+93.4%), from €4,268 to €8,255
- Depreciation +€2,227
up €2,227 (+5.4%), from €40,959 to €43,186
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 | €2,333,971 | €2,583,381 | +€249,410 | +10.7% |
| Fixed assets | 21/28 | €2,253,423 | €2,518,169 | +€264,747 | +11.7% |
| Tangible fixed assets | 22/27 | €1,553,443 | €1,538,189 | -€15,253 | -1.0% |
| Land and buildings | 22 | €1,520,264 | €1,516,097 | -€4,167 | -0.3% |
| Furniture and vehicles | 24 | €33,179 | €22,093 | -€11,086 | -33.4% |
| Financial fixed assets | 28 | €699,980 | €979,980 | +€280,000 | +40.0% |
| Current assets | 29/58 | €80,548 | €65,212 | -€15,336 | -19.0% |
| Amounts receivable within one year | 40/41 | €4,700 | €17,989 | +€13,289 | +282.7% |
| Trade receivables | 40 | - | €13,258 | +€13,258 | |
| Other amounts receivable | 41 | €4,700 | €4,731 | +€31 | +0.7% |
| Cash at bank and in hand | 54/58 | €71,929 | €43,102 | -€28,827 | -40.1% |
| Deferred charges and accrued income | 490/1 | €3,919 | €4,121 | +€202 | +5.1% |
| Total equity and liabilities | 10/49 | €2,333,971 | €2,583,381 | +€249,410 | +10.7% |
| Equity | 10/15 | €1,411,915 | €1,422,317 | +€10,402 | +0.7% |
| Contributions | 10/11 | €356,200 | €356,200 | = | 0.0% |
| Reserves | 13 | €794,770 | €794,770 | = | 0.0% |
| Distributable reserves | 133 | €794,770 | €794,770 | = | 0.0% |
| Profit (loss) carried forward | 14 | €260,945 | €271,347 | +€10,402 | +4.0% |
| Amounts payable | 17/49 | €922,056 | €1,161,064 | +€239,008 | +25.9% |
| Amounts payable within one year | 42/48 | €922,056 | €1,161,064 | +€239,008 | +25.9% |
| Trade debts | 44 | €1,468 | €1,722 | +€254 | +17.3% |
| Suppliers | 440/4 | €1,468 | €1,722 | +€254 | +17.3% |
| Taxes, remuneration and social security | 45 | €4,099 | €14,921 | +€10,822 | +264.0% |
| Taxes | 450/3 | €4,099 | €14,921 | +€10,822 | +264.0% |
| Other amounts payable | 47/48 | €916,489 | €1,144,421 | +€227,933 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,959 | €43,186 | +€2,227 | +5.4% |
| Other operating charges | 640/8 | €5,513 | €5,994 | +€480 | +8.7% |
| Gross operating margin | 9900 | €55,808 | €67,837 | +€12,030 | +21.6% |
| Operating profit (loss) | 9901 | €9,336 | €18,658 | +€9,322 | +99.9% |
| Financial income | 75/76B | €388 | €286 | -€102 | -26.2% |
| Recurring financial income | 75 | €388 | €286 | -€102 | -26.2% |
| Financial charges | 65/66B | €399 | €287 | -€112 | -28.0% |
| Recurring financial charges | 65 | €399 | €287 | -€112 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €9,325 | €18,657 | +€9,332 | +100.1% |
| Income taxes | 67/77 | €4,268 | €8,255 | +€3,987 | +93.4% |
| Profit (loss) for the period | 9904 | €5,057 | €10,402 | +€5,345 | +105.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,057 | €10,402 | +€5,345 | +105.7% |
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 12 October 2026 via checked.be.