KMCS: 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.
KMCS
Largest movements
- Cash -€16,914
down €16,914 (-12.8%), from €132,197 to €115,283
mainly Contributions, distributions and other (-€40,500) and Receivables within one year (-€13,903)
- Receivables within one year +€13,903
up €13,903 (+64.3%), from €21,630 to €35,534
of which Trade receivables: +€20,493
- Tangible fixed assets -€2,377
down €2,377 (-26.0%), from €9,132 to €6,756
of which Furniture and vehicles: -€1,688
- Other debts -€7,986
down €7,986 (-18.8%), from €42,411 to €34,425
- Gross operating margin +€1,705
up €1,705 (+3.0%), from €56,500 to €58,204
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €170,203 | €163,816 | -€6,387 | -3.8% |
| Fixed assets | 21/28 | €9,132 | €6,756 | -€2,377 | -26.0% |
| Tangible fixed assets | 22/27 | €9,132 | €6,756 | -€2,377 | -26.0% |
| Furniture and vehicles | 24 | €5,090 | €3,402 | -€1,688 | -33.2% |
| Other tangible fixed assets | 26 | €4,043 | €3,354 | -€689 | -17.0% |
| Current assets | 29/58 | €161,070 | €157,060 | -€4,011 | -2.5% |
| Amounts receivable within one year | 40/41 | €21,630 | €35,534 | +€13,903 | +64.3% |
| Trade receivables | 40 | €13,741 | €34,234 | +€20,493 | +149.1% |
| Other amounts receivable | 41 | €7,889 | €1,300 | -€6,590 | -83.5% |
| Cash at bank and in hand | 54/58 | €132,197 | €115,283 | -€16,914 | -12.8% |
| Deferred charges and accrued income | 490/1 | €7,243 | €6,242 | -€1,000 | -13.8% |
| Total equity and liabilities | 10/49 | €170,203 | €163,816 | -€6,387 | -3.8% |
| Equity | 10/15 | €114,552 | €114,896 | +€344 | +0.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €112,400 | €112,400 | = | 0.0% |
| Distributable reserves | 133 | €112,400 | €112,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152 | €496 | +€344 | +226.0% |
| Amounts payable | 17/49 | €55,651 | €48,920 | -€6,731 | -12.1% |
| Amounts payable within one year | 42/48 | €55,554 | €48,820 | -€6,734 | -12.1% |
| Trade debts | 44 | €160 | €223 | +€63 | +39.4% |
| Suppliers | 440/4 | €160 | €223 | +€63 | +39.4% |
| Taxes, remuneration and social security | 45 | €12,983 | €14,172 | +€1,189 | +9.2% |
| Taxes | 450/3 | €12,983 | €14,172 | +€1,189 | +9.2% |
| Other amounts payable | 47/48 | €42,411 | €34,425 | -€7,986 | -18.8% |
| Accrued charges and deferred income | 492/3 | €97 | €100 | +€3 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,427 | €3,464 | +€37 | +1.1% |
| Other operating charges | 640/8 | €973 | €883 | -€89 | -9.2% |
| Non-recurring operating charges | 66A | €1,520 | - | -€1,520 | |
| Gross operating margin | 9900 | €56,500 | €58,204 | +€1,705 | +3.0% |
| Operating profit (loss) | 9901 | €50,580 | €53,857 | +€3,278 | +6.5% |
| Financial charges | 65/66B | €2,154 | €2,067 | -€87 | -4.0% |
| Recurring financial charges | 65 | €2,154 | €2,067 | -€87 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €48,425 | €51,790 | +€3,365 | +6.9% |
| Income taxes | 67/77 | €10,513 | €10,946 | +€433 | +4.1% |
| Profit (loss) for the period | 9904 | €37,912 | €40,844 | +€2,931 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,912 | €40,844 | +€2,931 | +7.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.