KMA: 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.
KMA
Largest movements
- Tangible fixed assets +€39,923
up €39,923 (+1515.5%), from €2,634 to €42,557
of which Furniture and vehicles: +€38,388
- Current investments +€35,000
new in 2025: €35,000
- Cash -€24,733
down €24,733 (-50.7%), from €48,762 to €24,030
mainly Investment in fixed assets (net) (-€49,500) and Current investments (-€35,000)
- Receivables within one year +€13,072
up €13,072 (+370.4%), from €3,529 to €16,602
of which Trade receivables: +€8,412
- Stocks and contracts -€10,840
down €10,840 (-60.8%), from €17,826 to €6,986
- Debts after one year +€26,524
new in 2025: €26,524
- Profit (loss) carried forward +€23,097
up €23,097 (+64.2%), from €35,976 to €59,073
- Current portion of long-term debt +€7,737
new in 2025: €7,737
- Other debts -€5,658
down €5,658 (-76.4%), from €7,403 to €1,745
- Trade debts +€3,816
up €3,816 (+32.8%), from €11,651 to €15,467
- Gross operating margin +€19,047
up €19,047 (+75.4%), from €25,254 to €44,301
- Depreciation +€7,942
up €7,942 (+485.5%), from €1,636 to €9,578
- Taxes +€3,454
up €3,454 (+74.8%), from €4,617 to €8,071
- Financial charges +€991
up €991 (+213.3%), from €465 to €1,455
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 | €75,252 | €127,746 | +€52,494 | +69.8% |
| Fixed assets | 21/28 | €5,134 | €45,057 | +€39,923 | +777.6% |
| Tangible fixed assets | 22/27 | €2,634 | €42,557 | +€39,923 | +1515.5% |
| Plant, machinery and equipment | 23 | €2,634 | €4,169 | +€1,534 | +58.2% |
| Furniture and vehicles | 24 | - | €38,388 | +€38,388 | |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €70,117 | €82,689 | +€12,572 | +17.9% |
| Stocks and contracts in progress | 3 | €17,826 | €6,986 | -€10,840 | -60.8% |
| Stocks | 30/36 | €17,826 | €6,986 | -€10,840 | -60.8% |
| Amounts receivable within one year | 40/41 | €3,529 | €16,602 | +€13,072 | +370.4% |
| Trade receivables | 40 | €1,451 | €9,863 | +€8,412 | +579.6% |
| Other amounts receivable | 41 | €2,078 | €6,739 | +€4,661 | +224.3% |
| Current investments | 50/53 | - | €35,000 | +€35,000 | |
| Cash at bank and in hand | 54/58 | €48,762 | €24,030 | -€24,733 | -50.7% |
| Deferred charges and accrued income | 490/1 | - | €72 | +€72 | |
| Total equity and liabilities | 10/49 | €75,252 | €127,746 | +€52,494 | +69.8% |
| Equity | 10/15 | €40,976 | €64,073 | +€23,097 | +56.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,976 | €59,073 | +€23,097 | +64.2% |
| Amounts payable | 17/49 | €34,275 | €63,672 | +€29,397 | +85.8% |
| Amounts payable after more than one year | 17 | - | €26,524 | +€26,524 | |
| Financial debts | 170/4 | - | €26,524 | +€26,524 | |
| Amounts payable within one year | 42/48 | €33,275 | €37,149 | +€3,873 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | - | €7,737 | +€7,737 | |
| Trade debts | 44 | €11,651 | €15,467 | +€3,816 | +32.8% |
| Suppliers | 440/4 | €11,651 | €15,467 | +€3,816 | +32.8% |
| Taxes, remuneration and social security | 45 | €14,221 | €12,200 | -€2,022 | -14.2% |
| Taxes | 450/3 | €6,821 | €10,200 | +€3,379 | +49.5% |
| Remuneration and social security | 454/9 | €7,400 | €2,000 | -€5,400 | -73.0% |
| Other amounts payable | 47/48 | €7,403 | €1,745 | -€5,658 | -76.4% |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,636 | €9,578 | +€7,942 | +485.5% |
| Other operating charges | 640/8 | €2,207 | €2,423 | +€216 | +9.8% |
| Gross operating margin | 9900 | €25,254 | €44,301 | +€19,047 | +75.4% |
| Operating profit (loss) | 9901 | €21,411 | €32,300 | +€10,890 | +50.9% |
| Financial income | 75/76B | €418 | €323 | -€95 | -22.7% |
| Recurring financial income | 75 | €418 | €323 | -€95 | -22.7% |
| Financial charges | 65/66B | €465 | €1,455 | +€991 | +213.3% |
| Recurring financial charges | 65 | €465 | €1,455 | +€991 | +213.3% |
| Profit (loss) for the period before taxes | 9903 | €21,364 | €31,168 | +€9,804 | +45.9% |
| Income taxes | 67/77 | €4,617 | €8,071 | +€3,454 | +74.8% |
| Profit (loss) for the period | 9904 | €16,747 | €23,097 | +€6,350 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,747 | €23,097 | +€6,350 | +37.9% |
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 9 October 2026 via checked.be.