KMG CONSILIUM: what changed
What changed
KMG CONSILIUM
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€27,271
2024 · €48,663-€21,391
Equity
€203,900
2024 · €176,628+€27,271
Cash
€124,281
2024 · €80,958+€43,322
Balance sheet total
€1.3m
2024 · €1.3m-€5,199
Largest movements
Assets
- Tangible fixed assets -€53,070
down €53,070 (-6.4%), from €824,334 to €771,265
of which Land and buildings: -€33,733
- Cash +€43,322
up €43,322 (+53.5%), from €80,958 to €124,281
mainly Depreciation (+€91,418) and Current portion of long-term debt (+€34,672)
- Receivables within one year +€38,601
up €38,601 (+19.0%), from €203,200 to €241,801
of which Trade receivables: +€30,718
- Intangible fixed assets -€34,132
down €34,132 (-22.8%), from €149,787 to €115,655
Equity and liabilities
- Debts after one year -€103,728
down €103,728 (-12.1%), from €853,822 to €750,094
- Current portion of long-term debt +€34,672
up €34,672 (+78.0%), from €44,474 to €79,147
- Reserves +€27,271
up €27,271 (+16.0%), from €170,328 to €197,600
- Short-term financial debts +€23,500
new in 2025: €23,500
Income statement
- Depreciation +€23,759
up €23,759 (+35.1%), from €67,659 to €91,418
- Financial charges -€14,086
down €14,086 (-38.0%), from €37,062 to €22,976
- Staff costs +€13,710
up €13,710 (+3.2%), from €425,591 to €439,301
- Taxes -€7,342
down €7,342 (-33.8%), from €21,713 to €14,371
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€48,663
Gross operating margin
-€2,090
Staff costs
-€13,710
Depreciation
-€23,759
Write-downs
-€4,416
Other operating charges
+€28
Other operating items
+€30
Financial income
+€1,098
Financial charges
+€14,086
Taxes
+€7,342
Result 2025
€27,271
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€93,394
Investment
-€4,516
Financing
-€45,556
Cash 2024
€80,958
From operations (derived)
+€93,394
Net result for the year
+€27,271
Depreciation
+€91,418
Receivables within one year
-€38,601
Deferred charges and accrued income
+€221
Trade debts
+€12,624
Tax, wage and social debts
+€1,355
Other debts
-€894
Investment (derived)
-€4,516
Investment in fixed assets (net)
-€4,516
Financing
-€45,556
Debts after one year
-€103,728
Current portion of long-term debt
+€34,672
Short-term financial debts
+€23,500
Cash 2025
€124,281
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,266,999 | €1,261,800 | -€5,199 | -0.4% |
| Fixed assets | 21/28 | €974,997 | €888,094 | -€86,902 | -8.9% |
| Intangible fixed assets | 21 | €149,787 | €115,655 | -€34,132 | -22.8% |
| Tangible fixed assets | 22/27 | €824,334 | €771,265 | -€53,070 | -6.4% |
| Land and buildings | 22 | €732,785 | €699,052 | -€33,733 | -4.6% |
| Plant, machinery and equipment | 23 | €32,637 | €25,958 | -€6,679 | -20.5% |
| Furniture and vehicles | 24 | €51,580 | €43,918 | -€7,663 | -14.9% |
| Other tangible fixed assets | 26 | €7,333 | €2,337 | -€4,996 | -68.1% |
| Financial fixed assets | 28 | €875 | €1,175 | +€300 | +34.3% |
| Current assets | 29/58 | €292,003 | €373,706 | +€81,703 | +28.0% |
| Amounts receivable within one year | 40/41 | €203,200 | €241,801 | +€38,601 | +19.0% |
| Trade receivables | 40 | €198,611 | €229,329 | +€30,718 | +15.5% |
| Other amounts receivable | 41 | €4,589 | €12,473 | +€7,884 | +172% |
| Cash at bank and in hand | 54/58 | €80,958 | €124,281 | +€43,322 | +53.5% |
| Deferred charges and accrued income | 490/1 | €7,845 | €7,624 | -€221 | -2.8% |
| Total equity and liabilities | 10/49 | €1,266,999 | €1,261,800 | -€5,199 | -0.4% |
| Equity | 10/15 | €176,628 | €203,900 | +€27,271 | +15.4% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €170,328 | €197,600 | +€27,271 | +16.0% |
| Distributable reserves | 133 | €170,328 | €197,600 | +€27,271 | +16.0% |
| Amounts payable | 17/49 | €1,090,371 | €1,057,901 | -€32,471 | -3.0% |
| Amounts payable after more than one year | 17 | €853,822 | €750,094 | -€103,728 | -12.1% |
| Financial debts | 170/4 | €853,822 | €750,094 | -€103,728 | -12.1% |
| Amounts payable within one year | 42/48 | €236,549 | €307,807 | +€71,257 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €44,474 | €79,147 | +€34,672 | +78.0% |
| Financial debts | 43 | - | €23,500 | +€23,500 | |
| Credit institutions | 430/8 | - | €23,500 | +€23,500 | |
| Trade debts | 44 | €86,526 | €99,150 | +€12,624 | +14.6% |
| Suppliers | 440/4 | €86,526 | €99,150 | +€12,624 | +14.6% |
| Taxes, remuneration and social security | 45 | €99,371 | €100,726 | +€1,355 | +1.4% |
| Taxes | 450/3 | €33,561 | €25,034 | -€8,527 | -25.4% |
| Remuneration and social security | 454/9 | €65,810 | €75,691 | +€9,882 | +15.0% |
| Other amounts payable | 47/48 | €6,179 | €5,285 | -€894 | -14.5% |
| Remuneration, social security and pensions | 62 | €425,591 | €439,301 | +€13,710 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,659 | €91,418 | +€23,759 | +35.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,810 | €11,227 | +€4,416 | +64.8% |
| Other operating charges | 640/8 | €3,798 | €3,771 | -€28 | -0.7% |
| Non-recurring operating charges | 66A | €30 | - | -€30 | |
| Gross operating margin | 9900 | €609,956 | €607,866 | -€2,090 | -0.3% |
| Operating profit (loss) | 9901 | €106,067 | €62,150 | -€43,918 | -41.4% |
| Financial income | 75/76B | €1,371 | €2,469 | +€1,098 | +80.1% |
| Recurring financial income | 75 | €555 | €2,469 | +€1,914 | +345% |
| Non-recurring financial income | 76B | €816 | - | -€816 | |
| Financial charges | 65/66B | €37,062 | €22,976 | -€14,086 | -38.0% |
| Recurring financial charges | 65 | €37,062 | €22,976 | -€14,086 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €70,376 | €41,642 | -€28,734 | -40.8% |
| Income taxes | 67/77 | €21,713 | €14,371 | -€7,342 | -33.8% |
| Profit (loss) for the period | 9904 | €48,663 | €27,271 | -€21,391 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,663 | €27,271 | -€21,391 | -44.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.