KMG DRIVER: 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 DRIVER
Largest movements
- Tangible fixed assets -€7,628
down €7,628 (-50.0%), from €15,243 to €7,616
of which Furniture and vehicles: -€7,220
- Cash +€2,267
up €2,267 (+136%), from €1,669 to €3,936
mainly Depreciation (+€7,628) and Other debts (+€4,760)
- Receivables within one year -€1,017
down €1,017 (-55.7%), from €1,825 to €808
of which Trade receivables: -€1,307
- Deferred charges and accrued income -€808
no longer reported in 2025 (was €808)
- Profit (loss) carried forward -€11,502
down €11,502, from €3,962 to -€7,539
- Other debts +€4,760
up €4,760 (+2,939%), from €162 to €4,922
- Tax, wage and social debts -€3,780
down €3,780 (-90.9%), from €4,160 to €381
- Trade debts +€3,336
up €3,336 (+265%), from €1,260 to €4,596
- Purchases and services -€8,182
down €8,182 (-15.9%), from €51,490 to €43,308
- Gross operating margin -€7,873
down €7,873, from €7,404 to -€469
- Other operating charges +€2,371
up €2,371 (+194%), from €1,221 to €3,592
- Taxes -€431
new in 2025: -€431
- Financial charges -€117
down €117 (-48.7%), from €240 to €123
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 | €19,545 | €12,360 | -€7,186 | -36.8% |
| Fixed assets | 21/28 | €15,243 | €7,616 | -€7,628 | -50.0% |
| Tangible fixed assets | 22/27 | €15,243 | €7,616 | -€7,628 | -50.0% |
| Plant, machinery and equipment | 23 | €803 | €395 | -€407 | -50.8% |
| Furniture and vehicles | 24 | €14,441 | €7,220 | -€7,220 | -50.0% |
| Current assets | 29/58 | €4,302 | €4,744 | +€442 | +10.3% |
| Amounts receivable within one year | 40/41 | €1,825 | €808 | -€1,017 | -55.7% |
| Trade receivables | 40 | €1,307 | - | -€1,307 | |
| Other amounts receivable | 41 | €518 | €808 | +€291 | +56.2% |
| Cash at bank and in hand | 54/58 | €1,669 | €3,936 | +€2,267 | +136% |
| Deferred charges and accrued income | 490/1 | €808 | - | -€808 | |
| Total equity and liabilities | 10/49 | €19,545 | €12,360 | -€7,186 | -36.8% |
| Equity | 10/15 | €13,962 | €2,461 | -€11,502 | -82.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,962 | -€7,539 | -€11,502 | |
| Amounts payable | 17/49 | €5,583 | €9,899 | +€4,316 | +77.3% |
| Amounts payable within one year | 42/48 | €5,583 | €9,899 | +€4,316 | +77.3% |
| Trade debts | 44 | €1,260 | €4,596 | +€3,336 | +265% |
| Suppliers | 440/4 | €1,260 | €4,596 | +€3,336 | +265% |
| Taxes, remuneration and social security | 45 | €4,160 | €381 | -€3,780 | -90.9% |
| Taxes | 450/3 | €4,160 | €381 | -€3,780 | -90.9% |
| Other amounts payable | 47/48 | €162 | €4,922 | +€4,760 | +2,939% |
| Non-recurring operating income | 76A | €1,691 | - | -€1,691 | |
| Goods, raw materials, services and sundry goods | 60/61 | €51,490 | €43,308 | -€8,182 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,628 | €7,628 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,221 | €3,592 | +€2,371 | +194% |
| Non-recurring operating charges | 66A | €7,072 | €121 | -€6,950 | -98.3% |
| Gross operating margin | 9900 | €7,404 | -€469 | -€7,873 | |
| Operating profit (loss) | 9901 | -€8,517 | -€11,810 | -€3,293 | -38.7% |
| Financial charges | 65/66B | €240 | €123 | -€117 | -48.7% |
| Recurring financial charges | 65 | €240 | €123 | -€117 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,757 | -€11,933 | -€3,176 | -36.3% |
| Income taxes | 67/77 | - | -€431 | -€431 | |
| Profit (loss) for the period | 9904 | -€8,757 | -€11,502 | -€2,745 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,757 | -€11,502 | -€2,745 | -31.3% |
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 14 October 2026 via checked.be.