KMC Advisory: 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.
KMC Advisory
Largest movements
- Cash -€166,396
down €166,396 (-71.4%), from €232,967 to €66,571
mainly Other debts (-€164,814) and Current investments (-€24,000)
- Current investments +€24,000
up €24,000 (+200%), from €12,000 to €36,000
- Tangible fixed assets +€10,238
up €10,238 (+30.6%), from €33,458 to €43,695
of which Other tangible fixed assets: +€9,647
- Deferred charges and accrued income -€7,323
down €7,323 (-22.6%), from €32,335 to €25,012
- Other debts -€164,814
down €164,814 (-80.3%), from €205,256 to €40,441
- Profit (loss) carried forward +€40,621
up €40,621 (+196%), from €20,738 to €61,359
- Debts after one year -€21,604
down €21,604 (-26.2%), from €82,459 to €60,855
- Tax, wage and social debts +€3,765
up €3,765 (+43.7%), from €8,611 to €12,376
- Gross operating margin -€15,359
down €15,359 (-14.3%), from €107,089 to €91,729
- Taxes -€3,092
down €3,092 (-15.4%), from €20,025 to €16,933
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 | €360,914 | €219,305 | -€141,609 | -39.2% |
| Fixed assets | 21/28 | €37,709 | €47,946 | +€10,238 | +27.1% |
| Tangible fixed assets | 22/27 | €33,458 | €43,695 | +€10,238 | +30.6% |
| Plant, machinery and equipment | 23 | €1,021 | €815 | -€206 | -20.2% |
| Furniture and vehicles | 24 | €7,207 | €8,004 | +€797 | +11.1% |
| Other tangible fixed assets | 26 | €25,230 | €34,876 | +€9,647 | +38.2% |
| Financial fixed assets | 28 | €4,251 | €4,251 | = | 0.0% |
| Current assets | 29/58 | €323,206 | €171,359 | -€151,847 | -47.0% |
| Amounts receivable after more than one year | 29 | €21,000 | €21,000 | = | 0.0% |
| Trade receivables | 290 | €21,000 | €21,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,904 | €22,776 | -€2,128 | -8.5% |
| Trade receivables | 40 | €23,547 | €22,752 | -€795 | -3.4% |
| Other amounts receivable | 41 | €1,357 | €24 | -€1,333 | -98.2% |
| Current investments | 50/53 | €12,000 | €36,000 | +€24,000 | +200% |
| Cash at bank and in hand | 54/58 | €232,967 | €66,571 | -€166,396 | -71.4% |
| Deferred charges and accrued income | 490/1 | €32,335 | €25,012 | -€7,323 | -22.6% |
| Total equity and liabilities | 10/49 | €360,914 | €219,305 | -€141,609 | -39.2% |
| Equity | 10/15 | €41,198 | €81,819 | +€40,621 | +98.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,738 | €61,359 | +€40,621 | +196% |
| Amounts payable | 17/49 | €319,716 | €137,487 | -€182,230 | -57.0% |
| Amounts payable after more than one year | 17 | €82,459 | €60,855 | -€21,604 | -26.2% |
| Financial debts | 170/4 | €82,459 | €60,855 | -€21,604 | -26.2% |
| Amounts payable within one year | 42/48 | €237,257 | €76,631 | -€160,626 | -67.7% |
| Current portion of amounts payable after more than one year | 42 | €22,690 | €23,375 | +€685 | +3.0% |
| Trade debts | 44 | €700 | €439 | -€261 | -37.3% |
| Suppliers | 440/4 | €700 | €439 | -€261 | -37.3% |
| Taxes, remuneration and social security | 45 | €8,611 | €12,376 | +€3,765 | +43.7% |
| Taxes | 450/3 | €8,611 | €12,376 | +€3,765 | +43.7% |
| Other amounts payable | 47/48 | €205,256 | €40,441 | -€164,814 | -80.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €12,662 | €0 | -€12,662 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,413 | €5,725 | +€312 | +5.8% |
| Other operating charges | 640/8 | €1,628 | €1,746 | +€118 | +7.3% |
| Gross operating margin | 9900 | €107,089 | €91,729 | -€15,359 | -14.3% |
| Operating profit (loss) | 9901 | €100,048 | €84,259 | -€15,789 | -15.8% |
| Financial income | 75/76B | €167 | €762 | +€595 | +357% |
| Recurring financial income | 75 | €167 | €762 | +€595 | +357% |
| Financial charges | 65/66B | €6,707 | €6,729 | +€22 | +0.3% |
| Recurring financial charges | 65 | €6,707 | €6,729 | +€22 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €93,508 | €78,292 | -€15,216 | -16.3% |
| Income taxes | 67/77 | €20,025 | €16,933 | -€3,092 | -15.4% |
| Profit (loss) for the period | 9904 | €73,483 | €61,359 | -€12,124 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,483 | €61,359 | -€12,124 | -16.5% |
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 19 October 2026 via checked.be.