KMG Advice: 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.
KMG Advice
Largest movements
- Receivables within one year +€746,208
up €746,208 (+973.3%), from €76,670 to €822,878
of which Other amounts receivable: +€756,403
- Tangible fixed assets -€263,265
down €263,265 (-66.5%), from €395,990 to €132,724
of which Land and buildings: -€221,621
- Cash -€162,462
down €162,462 (-67.2%), from €241,599 to €79,137
mainly Receivables within one year (-€746,208) and Other debts (-€187,025)
- Profit (loss) carried forward +€425,003
up €425,003 (+134.3%), from €316,347 to €741,350
- Other debts -€187,025
down €187,025 (-97.5%), from €191,913 to €4,888
- Tax, wage and social debts +€77,190
up €77,190 (+371.8%), from €20,763 to €97,953
of which Taxes: +€71,740
- Gross operating margin +€206,942
up €206,942 (+185.9%), from €111,290 to €318,233
- Taxes +€70,505
up €70,505 (+567.1%), from €12,432 to €82,937
- Financial income -€23,434
down €23,434 (-9.2%), from €254,640 to €231,207
of which Non-recurring financial income: -€48,975
- Other operating charges -€17,073
down €17,073 (-82.4%), from €20,728 to €3,655
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 | €756,852 | €1,062,033 | +€305,182 | +40.3% |
| Fixed assets | 21/28 | €421,615 | €157,994 | -€263,621 | -62.5% |
| Intangible fixed assets | 21 | €2,590 | €2,234 | -€356 | -13.7% |
| Tangible fixed assets | 22/27 | €395,990 | €132,724 | -€263,265 | -66.5% |
| Land and buildings | 22 | €232,916 | €11,295 | -€221,621 | -95.2% |
| Plant, machinery and equipment | 23 | €4,877 | €0 | -€4,877 | -100.0% |
| Furniture and vehicles | 24 | €158,197 | €121,429 | -€36,767 | -23.2% |
| Financial fixed assets | 28 | €23,036 | €23,036 | = | 0.0% |
| Current assets | 29/58 | €335,236 | €904,039 | +€568,803 | +169.7% |
| Amounts receivable within one year | 40/41 | €76,670 | €822,878 | +€746,208 | +973.3% |
| Trade receivables | 40 | €21,970 | €11,775 | -€10,195 | -46.4% |
| Other amounts receivable | 41 | €54,700 | €811,103 | +€756,403 | +1382.8% |
| Current investments | 50/53 | €10,244 | €0 | -€10,244 | -100.0% |
| Cash at bank and in hand | 54/58 | €241,599 | €79,137 | -€162,462 | -67.2% |
| Deferred charges and accrued income | 490/1 | €6,724 | €2,024 | -€4,700 | -69.9% |
| Total equity and liabilities | 10/49 | €756,852 | €1,062,033 | +€305,182 | +40.3% |
| Equity | 10/15 | €498,004 | €923,007 | +€425,003 | +85.3% |
| Contributions | 10/11 | €144,708 | €144,708 | = | 0.0% |
| Reserves | 13 | €36,949 | €36,949 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €35,089 | €35,089 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €316,347 | €741,350 | +€425,003 | +134.3% |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €233,848 | €114,026 | -€119,821 | -51.2% |
| Amounts payable within one year | 42/48 | €233,677 | €114,026 | -€119,651 | -51.2% |
| Trade debts | 44 | €21,001 | €11,186 | -€9,816 | -46.7% |
| Suppliers | 440/4 | €21,001 | €11,186 | -€9,816 | -46.7% |
| Taxes, remuneration and social security | 45 | €20,763 | €97,953 | +€77,190 | +371.8% |
| Taxes | 450/3 | €17,571 | €89,311 | +€71,740 | +408.3% |
| Remuneration and social security | 454/9 | €3,192 | €8,642 | +€5,450 | +170.7% |
| Other amounts payable | 47/48 | €191,913 | €4,888 | -€187,025 | -97.5% |
| Accrued charges and deferred income | 492/3 | €170 | €0 | -€170 | -100.0% |
| Non-recurring operating income | 76A | - | €288,002 | +€288,002 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,311 | €37,123 | -€1,188 | -3.1% |
| Other operating charges | 640/8 | €20,728 | €3,655 | -€17,073 | -82.4% |
| Gross operating margin | 9900 | €111,290 | €318,233 | +€206,942 | +185.9% |
| Operating profit (loss) | 9901 | €52,252 | €277,455 | +€225,203 | +431.0% |
| Financial income | 75/76B | €254,640 | €231,207 | -€23,434 | -9.2% |
| Recurring financial income | 75 | €113 | €25,655 | +€25,542 | +22597.2% |
| Non-recurring financial income | 76B | €254,527 | €205,552 | -€48,975 | -19.2% |
| Financial charges | 65/66B | €265 | €722 | +€458 | +173.0% |
| Recurring financial charges | 65 | €265 | €722 | +€458 | +173.0% |
| Profit (loss) for the period before taxes | 9903 | €306,627 | €507,940 | +€201,312 | +65.7% |
| Income taxes | 67/77 | €12,432 | €82,937 | +€70,505 | +567.1% |
| Profit (loss) for the period | 9904 | €294,196 | €425,003 | +€130,807 | +44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €294,196 | €425,003 | +€130,807 | +44.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.