KMBA: 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.
KMBA
Largest movements
- Receivables within one year +€16,209
up €16,209 (+39.7%), from €40,804 to €57,013
of which Trade receivables: +€14,681
- Tangible fixed assets -€10,872
down €10,872 (-22.4%), from €48,642 to €37,770
of which Furniture and vehicles: -€6,116
- Stocks and contracts -€2,804
down €2,804 (-13.5%), from €20,708 to €17,904
- Debts after one year -€12,769
down €12,769 (-26.4%), from €48,338 to €35,569
- Profit (loss) carried forward +€10,745
up €10,745 (+62.6%), from -€17,163 to -€6,418
- Trade debts +€10,156
up €10,156 (+26.4%), from €38,409 to €48,565
- Tax, wage and social debts -€5,503
down €5,503 (-34.2%), from €16,112 to €10,610
of which Remuneration and social security: -€6,166
- Advances received +€2,035
up €2,035 (+69.1%), from €2,946 to €4,981
- Staff costs -€24,591
down €24,591 (-39.7%), from €61,956 to €37,365
- Gross operating margin -€16,438
down €16,438 (-18.2%), from €90,358 to €73,920
- Financial charges -€3,171
down €3,171 (-57.1%), from €5,554 to €2,383
- Other operating charges +€2,873
up €2,873 (+39.7%), from €7,242 to €10,115
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 | €129,494 | €132,603 | +€3,109 | +2.4% |
| Fixed assets | 21/28 | €48,842 | €38,411 | -€10,431 | -21.4% |
| Tangible fixed assets | 22/27 | €48,642 | €37,770 | -€10,872 | -22.4% |
| Plant, machinery and equipment | 23 | €3,979 | €3,643 | -€336 | -8.4% |
| Furniture and vehicles | 24 | €10,752 | €4,636 | -€6,116 | -56.9% |
| Other tangible fixed assets | 26 | €33,911 | €29,491 | -€4,420 | -13.0% |
| Financial fixed assets | 28 | €200 | €641 | +€441 | +220.5% |
| Current assets | 29/58 | €80,652 | €94,192 | +€13,540 | +16.8% |
| Stocks and contracts in progress | 3 | €20,708 | €17,904 | -€2,804 | -13.5% |
| Stocks | 30/36 | €20,708 | €17,904 | -€2,804 | -13.5% |
| Amounts receivable within one year | 40/41 | €40,804 | €57,013 | +€16,209 | +39.7% |
| Trade receivables | 40 | €39,451 | €54,132 | +€14,681 | +37.2% |
| Other amounts receivable | 41 | €1,353 | €2,881 | +€1,528 | +113.0% |
| Cash at bank and in hand | 54/58 | €19,141 | €18,393 | -€747 | -3.9% |
| Deferred charges and accrued income | 490/1 | - | €882 | +€882 | |
| Total equity and liabilities | 10/49 | €129,494 | €132,603 | +€3,109 | +2.4% |
| Equity | 10/15 | -€15,663 | -€4,918 | +€10,745 | +68.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,163 | -€6,418 | +€10,745 | +62.6% |
| Amounts payable | 17/49 | €145,158 | €137,522 | -€7,636 | -5.3% |
| Amounts payable after more than one year | 17 | €48,338 | €35,569 | -€12,769 | -26.4% |
| Financial debts | 170/4 | €48,338 | €35,569 | -€12,769 | -26.4% |
| Amounts payable within one year | 42/48 | €96,820 | €101,953 | +€5,133 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €13,360 | €13,814 | +€454 | +3.4% |
| Trade debts | 44 | €38,409 | €48,565 | +€10,156 | +26.4% |
| Suppliers | 440/4 | €38,409 | €48,565 | +€10,156 | +26.4% |
| Advances received on contracts in progress | 46 | €2,946 | €4,981 | +€2,035 | +69.1% |
| Taxes, remuneration and social security | 45 | €16,112 | €10,610 | -€5,503 | -34.2% |
| Taxes | 450/3 | €9,591 | €10,254 | +€663 | +6.9% |
| Remuneration and social security | 454/9 | €6,522 | €355 | -€6,166 | -94.6% |
| Other amounts payable | 47/48 | €25,993 | €23,984 | -€2,009 | -7.7% |
| Remuneration, social security and pensions | 62 | €61,956 | €37,365 | -€24,591 | -39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,432 | €12,894 | +€462 | +3.7% |
| Other operating charges | 640/8 | €7,242 | €10,115 | +€2,873 | +39.7% |
| Gross operating margin | 9900 | €90,358 | €73,920 | -€16,438 | -18.2% |
| Operating profit (loss) | 9901 | €8,728 | €13,546 | +€4,818 | +55.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,554 | €2,383 | -€3,171 | -57.1% |
| Recurring financial charges | 65 | €5,554 | €2,383 | -€3,171 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €3,174 | €11,162 | +€7,989 | +251.7% |
| Income taxes | 67/77 | - | €417 | +€417 | |
| Profit (loss) for the period | 9904 | €3,174 | €10,745 | +€7,572 | +238.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,174 | €10,745 | +€7,572 | +238.6% |
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 10 October 2026 via checked.be.