KMD GROUP: 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.
KMD GROUP
Largest movements
- Cash -€19,670
down €19,670 (-62.4%), from €31,505 to €11,835
mainly Other debts (-€23,315) and Trade debts (-€13,611)
- Tangible fixed assets -€17,394
down €17,394 (-22.9%), from €75,802 to €58,408
of which Furniture and vehicles: -€12,474
- Intangible fixed assets -€3,500
down €3,500 (-16.7%), from €21,000 to €17,500
- Stocks and contracts +€2,220
up €2,220 (+31.7%), from €6,995 to €9,216
- Other debts -€23,315
down €23,315 (-55.7%), from €41,855 to €18,540
- Trade debts -€13,611
down €13,611 (-39.0%), from €34,914 to €21,304
- Advances received -€9,144
no longer reported in 2025 (was €9,144)
- Profit (loss) carried forward +€6,016
up €6,016 (+25.0%), from €24,074 to €30,090
- Tax, wage and social debts +€5,091
up €5,091 (+42.7%), from €11,928 to €17,019
of which Taxes: +€8,057
- Financial charges -€19,035
down €19,035 (-87.7%), from €21,694 to €2,660
of which Non-recurring financial charges: -€19,250
- Staff costs +€11,946
up €11,946 (+24.0%), from €49,816 to €61,763
- Depreciation +€10,747
up €10,747 (+106%), from €10,147 to €20,894
- Other operating charges +€5,953
up €5,953 (+76.7%), from €7,766 to €13,718
- Gross operating margin +€4,616
up €4,616 (+4.5%), from €103,285 to €107,901
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 | €144,281 | €104,953 | -€39,328 | -27.3% |
| Fixed assets | 21/28 | €103,402 | €82,508 | -€20,894 | -20.2% |
| Intangible fixed assets | 21 | €21,000 | €17,500 | -€3,500 | -16.7% |
| Tangible fixed assets | 22/27 | €75,802 | €58,408 | -€17,394 | -22.9% |
| Plant, machinery and equipment | 23 | €16,895 | €12,620 | -€4,275 | -25.3% |
| Furniture and vehicles | 24 | €56,839 | €44,365 | -€12,474 | -21.9% |
| Other tangible fixed assets | 26 | €2,068 | €1,423 | -€645 | -31.2% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €40,879 | €22,445 | -€18,434 | -45.1% |
| Stocks and contracts in progress | 3 | €6,995 | €9,216 | +€2,220 | +31.7% |
| Stocks | 30/36 | €6,995 | €9,216 | +€2,220 | +31.7% |
| Amounts receivable within one year | 40/41 | €37 | €53 | +€16 | +42.9% |
| Other amounts receivable | 41 | €37 | €53 | +€16 | +42.9% |
| Cash at bank and in hand | 54/58 | €31,505 | €11,835 | -€19,670 | -62.4% |
| Deferred charges and accrued income | 490/1 | €2,341 | €1,341 | -€1,000 | -42.7% |
| Total equity and liabilities | 10/49 | €144,281 | €104,953 | -€39,328 | -27.3% |
| Equity | 10/15 | €42,074 | €48,090 | +€6,016 | +14.3% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,074 | €30,090 | +€6,016 | +25.0% |
| Amounts payable | 17/49 | €102,206 | €56,863 | -€45,344 | -44.4% |
| Amounts payable within one year | 42/48 | €102,206 | €56,863 | -€45,344 | -44.4% |
| Current portion of amounts payable after more than one year | 42 | €4,365 | - | -€4,365 | |
| Trade debts | 44 | €34,914 | €21,304 | -€13,611 | -39.0% |
| Suppliers | 440/4 | €34,914 | €21,304 | -€13,611 | -39.0% |
| Advances received on contracts in progress | 46 | €9,144 | - | -€9,144 | |
| Taxes, remuneration and social security | 45 | €11,928 | €17,019 | +€5,091 | +42.7% |
| Taxes | 450/3 | €853 | €8,910 | +€8,057 | +944% |
| Remuneration and social security | 454/9 | €11,075 | €8,109 | -€2,966 | -26.8% |
| Other amounts payable | 47/48 | €41,855 | €18,540 | -€23,315 | -55.7% |
| Remuneration, social security and pensions | 62 | €49,816 | €61,763 | +€11,946 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,147 | €20,894 | +€10,747 | +106% |
| Other operating charges | 640/8 | €7,766 | €13,718 | +€5,953 | +76.7% |
| Gross operating margin | 9900 | €103,285 | €107,901 | +€4,616 | +4.5% |
| Operating profit (loss) | 9901 | €35,556 | €11,526 | -€24,030 | -67.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -36.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -36.6% |
| Financial charges | 65/66B | €21,694 | €2,660 | -€19,035 | -87.7% |
| Recurring financial charges | 65 | €2,444 | €2,660 | +€215 | +8.8% |
| Non-recurring financial charges | 66B | €19,250 | - | -€19,250 | |
| Profit (loss) for the period before taxes | 9903 | €13,862 | €8,867 | -€4,996 | -36.0% |
| Income taxes | 67/77 | €1,467 | €2,850 | +€1,383 | +94.3% |
| Profit (loss) for the period | 9904 | €12,395 | €6,016 | -€6,379 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,395 | €6,016 | -€6,379 | -51.5% |
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 17 October 2026 via checked.be.