KM4D ASSOCIATES: 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.
KM4D ASSOCIATES
Largest movements
- Cash -€10,779
down €10,779 (-41.5%), from €26,000 to €15,221
mainly Other debts (-€26,875) and Receivables within one year (-€4,102)
- Receivables within one year +€4,102
up €4,102 (+298%), from €1,376 to €5,478
of which Trade receivables: +€4,135
- Tangible fixed assets +€1,477
up €1,477 (+34.1%), from €4,336 to €5,814
of which Furniture and vehicles: +€2,051
- Other debts -€26,875
down €26,875 (-71.0%), from €37,855 to €10,981
- Reserves +€20,000
up €20,000 (+224%), from €8,917 to €28,917
of which Distributable reserves: +€20,000
- Trade debts -€3,823
down €3,823 (-82.5%), from €4,637 to €814
- Profit (loss) carried forward +€3,525
up €3,525 (+10.0%), from -€35,398 to -€31,873
- Tax, wage and social debts +€1,974
up €1,974 (+282%), from €700 to €2,674
- Gross operating margin +€18,160
up €18,160 (+195%), from €9,326 to €27,486
- Taxes +€1,300
up €1,300 (+186%), from €700 to €2,000
- Depreciation +€1,151
up €1,151 (+171%), from €671 to €1,822
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,712 | €26,513 | -€5,199 | -16.4% |
| Fixed assets | 21/28 | €4,336 | €5,814 | +€1,477 | +34.1% |
| Tangible fixed assets | 22/27 | €4,336 | €5,814 | +€1,477 | +34.1% |
| Plant, machinery and equipment | 23 | €2,818 | €2,245 | -€573 | -20.3% |
| Furniture and vehicles | 24 | €1,518 | €3,569 | +€2,051 | +135% |
| Current assets | 29/58 | €27,376 | €20,699 | -€6,676 | -24.4% |
| Amounts receivable within one year | 40/41 | €1,376 | €5,478 | +€4,102 | +298% |
| Trade receivables | 40 | €665 | €4,800 | +€4,135 | +621% |
| Other amounts receivable | 41 | €710 | €678 | -€32 | -4.5% |
| Cash at bank and in hand | 54/58 | €26,000 | €15,221 | -€10,779 | -41.5% |
| Total equity and liabilities | 10/49 | €31,712 | €26,513 | -€5,199 | -16.4% |
| Equity | 10/15 | -€11,480 | €12,045 | +€23,525 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €8,917 | €28,917 | +€20,000 | +224% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €57 | €57 | = | 0.0% |
| Distributable reserves | 133 | €7,000 | €27,000 | +€20,000 | +286% |
| Profit (loss) carried forward | 14 | -€35,398 | -€31,873 | +€3,525 | +10.0% |
| Amounts payable | 17/49 | €43,192 | €14,468 | -€28,724 | -66.5% |
| Amounts payable within one year | 42/48 | €43,192 | €14,468 | -€28,724 | -66.5% |
| Trade debts | 44 | €4,637 | €814 | -€3,823 | -82.5% |
| Suppliers | 440/4 | €4,637 | €814 | -€3,823 | -82.5% |
| Taxes, remuneration and social security | 45 | €700 | €2,674 | +€1,974 | +282% |
| Taxes | 450/3 | €700 | €2,674 | +€1,974 | +282% |
| Other amounts payable | 47/48 | €37,855 | €10,981 | -€26,875 | -71.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €671 | €1,822 | +€1,151 | +171% |
| Gross operating margin | 9900 | €9,326 | €27,486 | +€18,160 | +195% |
| Operating profit (loss) | 9901 | €8,655 | €25,664 | +€17,009 | +197% |
| Financial income | 75/76B | €1 | €89 | +€88 | +8,809% |
| Recurring financial income | 75 | €1 | €89 | +€88 | +8,809% |
| Financial charges | 65/66B | €231 | €228 | -€3 | -1.4% |
| Recurring financial charges | 65 | €231 | €228 | -€3 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €8,425 | €25,525 | +€17,100 | +203% |
| Income taxes | 67/77 | €700 | €2,000 | +€1,300 | +186% |
| Profit (loss) for the period | 9904 | €7,725 | €23,525 | +€15,800 | +205% |
| Profit (loss) for the period to be appropriated | 9905 | €7,725 | €23,525 | +€15,800 | +205% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.