KMC N.V.: 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 N.V.
Largest movements
- Receivables within one year -€55,929
down €55,929 (-47.5%), from €117,810 to €61,881
of which Trade receivables: -€37,833
- Tangible fixed assets -€30,573
down €30,573 (-3.5%), from €880,621 to €850,047
of which Other tangible fixed assets: -€35,757
- Cash +€20,865
up €20,865 (+230%), from €9,061 to €29,926
mainly Net result for the year (+€95,726) and Receivables within one year (+€55,929)
- Profit (loss) carried forward +€95,726
up €95,726 (+80.5%), from €118,847 to €214,573
- Reserves -€78,777
down €78,777 (-18.6%), from €423,733 to €344,956
of which Distributable reserves: -€78,777
- Debts after one year -€62,138
down €62,138 (-9.2%), from €677,218 to €615,080
- Gross operating margin +€38,741
up €38,741 (+22.8%), from €169,632 to €208,374
- Taxes +€9,877
up €9,877 (+39.4%), from €25,058 to €34,935
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 | €1,610,106 | €1,548,705 | -€61,401 | -3.8% |
| Fixed assets | 21/28 | €1,479,597 | €1,448,940 | -€30,658 | -2.1% |
| Intangible fixed assets | 21 | €4,893 | €4,893 | = | 0.0% |
| Tangible fixed assets | 22/27 | €880,621 | €850,047 | -€30,573 | -3.5% |
| Land and buildings | 22 | €722,191 | €712,309 | -€9,883 | -1.4% |
| Plant, machinery and equipment | 23 | €1,209 | €700 | -€509 | -42.1% |
| Furniture and vehicles | 24 | - | €15,576 | +€15,576 | |
| Other tangible fixed assets | 26 | €157,220 | €121,463 | -€35,757 | -22.7% |
| Financial fixed assets | 28 | €594,084 | €594,000 | -€84 | 0.0% |
| Current assets | 29/58 | €130,509 | €99,765 | -€30,744 | -23.6% |
| Amounts receivable within one year | 40/41 | €117,810 | €61,881 | -€55,929 | -47.5% |
| Trade receivables | 40 | €89,669 | €51,836 | -€37,833 | -42.2% |
| Other amounts receivable | 41 | €28,140 | €10,045 | -€18,096 | -64.3% |
| Cash at bank and in hand | 54/58 | €9,061 | €29,926 | +€20,865 | +230% |
| Deferred charges and accrued income | 490/1 | €3,638 | €7,958 | +€4,320 | +119% |
| Total equity and liabilities | 10/49 | €1,610,106 | €1,548,705 | -€61,401 | -3.8% |
| Equity | 10/15 | €604,580 | €621,529 | +€16,950 | +2.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €423,733 | €344,956 | -€78,777 | -18.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €417,533 | €338,756 | -€78,777 | -18.9% |
| Profit (loss) carried forward | 14 | €118,847 | €214,573 | +€95,726 | +80.5% |
| Amounts payable | 17/49 | €1,005,527 | €927,176 | -€78,351 | -7.8% |
| Amounts payable after more than one year | 17 | €677,218 | €615,080 | -€62,138 | -9.2% |
| Financial debts | 170/4 | €677,218 | €615,080 | -€62,138 | -9.2% |
| Amounts payable within one year | 42/48 | €328,239 | €312,096 | -€16,142 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €69,273 | €62,138 | -€7,135 | -10.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €827 | €1,786 | +€959 | +116% |
| Suppliers | 440/4 | €827 | €1,786 | +€959 | +116% |
| Taxes, remuneration and social security | 45 | €19,456 | €23,940 | +€4,484 | +23.0% |
| Taxes | 450/3 | €19,456 | €23,940 | +€4,484 | +23.0% |
| Other amounts payable | 47/48 | €238,683 | €224,232 | -€14,451 | -6.1% |
| Accrued charges and deferred income | 492/3 | €70 | €0 | -€70 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,211 | €49,203 | +€992 | +2.1% |
| Other operating charges | 640/8 | €4,087 | €5,160 | +€1,073 | +26.2% |
| Gross operating margin | 9900 | €169,632 | €208,374 | +€38,741 | +22.8% |
| Operating profit (loss) | 9901 | €117,334 | €154,010 | +€36,676 | +31.3% |
| Financial income | 75/76B | €853 | €1,416 | +€562 | +65.9% |
| Recurring financial income | 75 | €853 | €1,416 | +€562 | +65.9% |
| Financial charges | 65/66B | €25,267 | €24,765 | -€502 | -2.0% |
| Recurring financial charges | 65 | €25,267 | €24,765 | -€502 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €92,920 | €130,661 | +€37,741 | +40.6% |
| Income taxes | 67/77 | €25,058 | €34,935 | +€9,877 | +39.4% |
| Profit (loss) for the period | 9904 | €67,863 | €95,726 | +€27,864 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,863 | €95,726 | +€27,864 | +41.1% |
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 15 October 2026 via checked.be.