KMAX: what changed
Two fiscal 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.
KMAX
Largest movements
- Receivables within one year -€12,576
down €12,576 (-18.6%), from €67,594 to €55,019
of which Other amounts receivable: -€8,393
- Deferred charges and accrued income +€8,000
up €8,000 (+28.7%), from €27,904 to €35,904
- Trade debts -€8,090
no longer reported in 2024 (was €8,090)
- Current portion of long-term debt +€4,117
up €4,117 (+14.9%), from €27,652 to €31,769
- Tax, wage and social debts -€1,039
down €1,039 (-8.3%), from €12,553 to €11,514
- Gross operating margin -€4,906
down €4,906 (-56.4%), from €8,702 to €3,797
- Taxes -€1,540
down €1,540 (-53.2%), from €2,897 to €1,357
- Financial charges +€1,287
up €1,287 (+553.4%), from €233 to €1,520
- Other operating charges -€1,271
no longer reported in 2024 (was €1,271)
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.
Cash bridge derived
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 | €102,215 | €98,122 | -€4,093 | -4.0% |
| Fixed assets | 21/28 | €400 | €400 | = | 0.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €101,815 | €97,722 | -€4,093 | -4.0% |
| Stocks and contracts in progress | 3 | €1,520 | €1,520 | = | 0.0% |
| Stocks | 30/36 | €1,520 | €1,520 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €67,594 | €55,019 | -€12,576 | -18.6% |
| Trade receivables | 40 | €32,834 | €28,651 | -€4,183 | -12.7% |
| Other amounts receivable | 41 | €34,760 | €26,367 | -€8,393 | -24.1% |
| Cash at bank and in hand | 54/58 | €4,796 | €5,279 | +€483 | +10.1% |
| Deferred charges and accrued income | 490/1 | €27,904 | €35,904 | +€8,000 | +28.7% |
| Total equity and liabilities | 10/49 | €102,215 | €98,122 | -€4,093 | -4.0% |
| Equity | 10/15 | €6,993 | €7,913 | +€920 | +13.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €793 | €1,713 | +€920 | +116.0% |
| Distributable reserves | 133 | €793 | €1,713 | +€920 | +116.0% |
| Amounts payable | 17/49 | €95,222 | €90,210 | -€5,012 | -5.3% |
| Amounts payable within one year | 42/48 | €95,222 | €90,210 | -€5,012 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €27,652 | €31,769 | +€4,117 | +14.9% |
| Financial debts | 43 | €3,847 | €3,847 | = | 0.0% |
| Other loans | 439 | €3,847 | €3,847 | = | 0.0% |
| Trade debts | 44 | €8,090 | - | -€8,090 | |
| Suppliers | 440/4 | €8,090 | - | -€8,090 | |
| Advances received on contracts in progress | 46 | €32,081 | €32,081 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €12,553 | €11,514 | -€1,039 | -8.3% |
| Taxes | 450/3 | €12,553 | €11,514 | -€1,039 | -8.3% |
| Other amounts payable | 47/48 | €11,000 | €11,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,271 | - | -€1,271 | |
| Gross operating margin | 9900 | €8,702 | €3,797 | -€4,906 | -56.4% |
| Operating profit (loss) | 9901 | €7,431 | €3,797 | -€3,635 | -48.9% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €233 | €1,520 | +€1,287 | +553.4% |
| Recurring financial charges | 65 | €233 | €1,520 | +€1,287 | +553.4% |
| Profit (loss) for the period before taxes | 9903 | €7,201 | €2,277 | -€4,924 | -68.4% |
| Income taxes | 67/77 | €2,897 | €1,357 | -€1,540 | -53.2% |
| Profit (loss) for the period | 9904 | €4,304 | €920 | -€3,384 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,304 | €920 | -€3,384 | -78.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.