KMDerma: 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.
KMDerma
Largest movements
- Cash +€87,821
up €87,821 (+102.4%), from €85,784 to €173,605
mainly Net result for the year (+€127,759) and Deferred charges and accrued income (+€10,277)
- Tangible fixed assets +€35,059
up €35,059 (+429.8%), from €8,157 to €43,216
of which Furniture and vehicles: +€37,034
- Receivables within one year +€24,225
up €24,225 (+244.8%), from €9,894 to €34,119
- Deferred charges and accrued income -€10,277
no longer reported in 2025 (was €10,277)
- Reserves +€127,759
up €127,759 (+123.2%), from €103,732 to €231,492
- Other debts +€7,662
up €7,662 (+752.6%), from €1,018 to €8,680
- Gross operating margin +€39,723
up €39,723 (+26.7%), from €148,915 to €188,638
- Taxes +€10,898
up €10,898 (+25.6%), from €42,606 to €53,504
- Depreciation +€5,490
up €5,490 (+319.3%), from €1,719 to €7,210
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 | €114,112 | €250,940 | +€136,828 | +119.9% |
| Fixed assets | 21/28 | €8,157 | €43,216 | +€35,059 | +429.8% |
| Tangible fixed assets | 22/27 | €8,157 | €43,216 | +€35,059 | +429.8% |
| Furniture and vehicles | 24 | - | €37,034 | +€37,034 | |
| Other tangible fixed assets | 26 | €8,157 | €6,181 | -€1,975 | -24.2% |
| Current assets | 29/58 | €105,955 | €207,724 | +€101,769 | +96.0% |
| Amounts receivable within one year | 40/41 | €9,894 | €34,119 | +€24,225 | +244.8% |
| Other amounts receivable | 41 | €9,894 | €34,119 | +€24,225 | +244.8% |
| Cash at bank and in hand | 54/58 | €85,784 | €173,605 | +€87,821 | +102.4% |
| Deferred charges and accrued income | 490/1 | €10,277 | - | -€10,277 | |
| Total equity and liabilities | 10/49 | €114,112 | €250,940 | +€136,828 | +119.9% |
| Equity | 10/15 | €108,732 | €236,492 | +€127,759 | +117.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €103,732 | €231,492 | +€127,759 | +123.2% |
| Distributable reserves | 133 | €103,732 | €231,492 | +€127,759 | +123.2% |
| Amounts payable | 17/49 | €5,380 | €14,448 | +€9,069 | +168.6% |
| Amounts payable within one year | 42/48 | €5,380 | €14,448 | +€9,069 | +168.6% |
| Trade debts | 44 | €705 | €2,706 | +€2,001 | +283.8% |
| Suppliers | 440/4 | €705 | €2,706 | +€2,001 | +283.8% |
| Taxes, remuneration and social security | 45 | €3,657 | €3,062 | -€594 | -16.2% |
| Taxes | 450/3 | €3,657 | €3,062 | -€594 | -16.2% |
| Other amounts payable | 47/48 | €1,018 | €8,680 | +€7,662 | +752.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,719 | €7,210 | +€5,490 | +319.3% |
| Other operating charges | 640/8 | €835 | €62 | -€773 | -92.6% |
| Gross operating margin | 9900 | €148,915 | €188,638 | +€39,723 | +26.7% |
| Operating profit (loss) | 9901 | €146,361 | €181,366 | +€35,006 | +23.9% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €23 | €106 | +€83 | +369.1% |
| Recurring financial charges | 65 | €23 | €106 | +€83 | +369.1% |
| Profit (loss) for the period before taxes | 9903 | €146,338 | €181,264 | +€34,926 | +23.9% |
| Income taxes | 67/77 | €42,606 | €53,504 | +€10,898 | +25.6% |
| Profit (loss) for the period | 9904 | €103,732 | €127,759 | +€24,027 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €103,732 | €127,759 | +€24,027 | +23.2% |
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 2 October 2026 via checked.be.