KMCB: 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.
KMCB
Largest movements
- Current investments +€120,000
up €120,000 (+66.7%), from €180,000 to €300,000
- Receivables within one year -€16,456
down €16,456 (-57.9%), from €28,435 to €11,979
- Cash -€9,636
down €9,636 (-22.5%), from €42,775 to €33,139
mainly Current investments (-€120,000) and Deferred charges and accrued income (-€843)
- Profit (loss) carried forward +€93,353
up €93,353 (+55.7%), from €167,698 to €261,051
- Gross operating margin -€44,264
down €44,264 (-27.2%), from €162,853 to €118,589
- Taxes -€10,314
down €10,314 (-28.1%), from €36,687 to €26,373
- Financial income +€3,790
up €3,790 (+180.6%), from €2,098 to €5,888
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 | €257,780 | €351,493 | +€93,713 | +36.4% |
| Fixed assets | 21/28 | €3,405 | €2,367 | -€1,038 | -30.5% |
| Tangible fixed assets | 22/27 | €3,405 | €2,367 | -€1,038 | -30.5% |
| Furniture and vehicles | 24 | €3,405 | €2,367 | -€1,038 | -30.5% |
| Current assets | 29/58 | €254,375 | €349,126 | +€94,751 | +37.2% |
| Amounts receivable within one year | 40/41 | €28,435 | €11,979 | -€16,456 | -57.9% |
| Trade receivables | 40 | €28,435 | €11,979 | -€16,456 | -57.9% |
| Current investments | 50/53 | €180,000 | €300,000 | +€120,000 | +66.7% |
| Cash at bank and in hand | 54/58 | €42,775 | €33,139 | -€9,636 | -22.5% |
| Deferred charges and accrued income | 490/1 | €3,165 | €4,008 | +€843 | +26.6% |
| Total equity and liabilities | 10/49 | €257,780 | €351,493 | +€93,713 | +36.4% |
| Equity | 10/15 | €177,698 | €271,051 | +€93,353 | +52.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,698 | €261,051 | +€93,353 | +55.7% |
| Amounts payable | 17/49 | €80,082 | €80,442 | +€360 | +0.4% |
| Amounts payable within one year | 42/48 | €79,280 | €79,734 | +€454 | +0.6% |
| Trade debts | 44 | €608 | €940 | +€332 | +54.6% |
| Suppliers | 440/4 | €608 | €940 | +€332 | +54.6% |
| Taxes, remuneration and social security | 45 | €68,672 | €68,794 | +€122 | +0.2% |
| Taxes | 450/3 | €68,558 | €68,775 | +€217 | +0.3% |
| Remuneration and social security | 454/9 | €114 | €19 | -€95 | -83.3% |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €802 | €708 | -€94 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €653 | €1,038 | +€385 | +59.0% |
| Other operating charges | 640/8 | €322 | €471 | +€149 | +46.3% |
| Gross operating margin | 9900 | €162,853 | €118,589 | -€44,264 | -27.2% |
| Operating profit (loss) | 9901 | €161,878 | €117,080 | -€44,798 | -27.7% |
| Financial income | 75/76B | €2,098 | €5,888 | +€3,790 | +180.6% |
| Recurring financial income | 75 | €2,098 | €5,888 | +€3,790 | +180.6% |
| Financial charges | 65/66B | €3,291 | €3,242 | -€49 | -1.5% |
| Recurring financial charges | 65 | €3,291 | €3,242 | -€49 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €160,685 | €119,726 | -€40,959 | -25.5% |
| Income taxes | 67/77 | €36,687 | €26,373 | -€10,314 | -28.1% |
| Profit (loss) for the period | 9904 | €123,998 | €93,353 | -€30,645 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €123,998 | €93,353 | -€30,645 | -24.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.