Kmaeyaert Consult: 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.
Kmaeyaert Consult
Largest movements
- Cash +€122,902
up €122,902 (+72.0%), from €170,665 to €293,567
mainly Current investments (+€100,000) and Other debts (+€70,649)
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Tangible fixed assets +€37,844
up €37,844 (+49.6%), from €76,363 to €114,207
of which Other tangible fixed assets: +€19,219
- Other debts +€70,649
up €70,649 (+4,183%), from €1,689 to €72,338
- Reserves -€14,890
down €14,890 (-4.2%), from €351,417 to €336,527
- Gross operating margin -€38,300
down €38,300 (-26.4%), from €145,260 to €106,960
- Other operating charges +€7,970
up €7,970 (+371%), from €2,149 to €10,119
- Taxes -€6,218
down €6,218 (-24.4%), from €25,497 to €19,279
- Depreciation +€2,582
up €2,582 (+12.0%), from €21,601 to €24,184
- Financial income +€2,383
up €2,383 (+79,438%), from €3 to €2,386
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 | €369,638 | €430,615 | +€60,977 | +16.5% |
| Fixed assets | 21/28 | €76,363 | €114,207 | +€37,844 | +49.6% |
| Tangible fixed assets | 22/27 | €76,363 | €114,207 | +€37,844 | +49.6% |
| Furniture and vehicles | 24 | €62,588 | €81,212 | +€18,625 | +29.8% |
| Other tangible fixed assets | 26 | €13,776 | €32,995 | +€19,219 | +140% |
| Current assets | 29/58 | €293,275 | €316,408 | +€23,133 | +7.9% |
| Amounts receivable within one year | 40/41 | €20,518 | €21,074 | +€556 | +2.7% |
| Trade receivables | 40 | €20,518 | €21,074 | +€556 | +2.7% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €170,665 | €293,567 | +€122,902 | +72.0% |
| Deferred charges and accrued income | 490/1 | €2,092 | €1,766 | -€325 | -15.5% |
| Total equity and liabilities | 10/49 | €369,638 | €430,615 | +€60,977 | +16.5% |
| Equity | 10/15 | €353,917 | €339,027 | -€14,890 | -4.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €351,417 | €336,527 | -€14,890 | -4.2% |
| Distributable reserves | 133 | €351,417 | €336,527 | -€14,890 | -4.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,721 | €91,588 | +€75,867 | +483% |
| Amounts payable within one year | 42/48 | €15,721 | €91,588 | +€75,867 | +483% |
| Trade debts | 44 | €861 | €1,853 | +€993 | +115% |
| Suppliers | 440/4 | €861 | €1,853 | +€993 | +115% |
| Taxes, remuneration and social security | 45 | €13,172 | €17,396 | +€4,225 | +32.1% |
| Taxes | 450/3 | €10,672 | €14,896 | +€4,225 | +39.6% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €1,689 | €72,338 | +€70,649 | +4,183% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,601 | €24,184 | +€2,582 | +12.0% |
| Other operating charges | 640/8 | €2,149 | €10,119 | +€7,970 | +371% |
| Gross operating margin | 9900 | €145,260 | €106,960 | -€38,300 | -26.4% |
| Operating profit (loss) | 9901 | €121,509 | €72,657 | -€48,852 | -40.2% |
| Financial income | 75/76B | €3 | €2,386 | +€2,383 | +79,438% |
| Recurring financial income | 75 | €3 | €2,386 | +€2,383 | +79,438% |
| Financial charges | 65/66B | €191 | €66 | -€125 | -65.4% |
| Recurring financial charges | 65 | €191 | €66 | -€125 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | €121,322 | €74,977 | -€46,344 | -38.2% |
| Income taxes | 67/77 | €25,497 | €19,279 | -€6,218 | -24.4% |
| Profit (loss) for the period | 9904 | €95,825 | €55,698 | -€40,126 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €95,825 | €55,698 | -€40,126 | -41.9% |
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 28 October 2026 via checked.be.