KMG GROEP: 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 GROEP
Largest movements
- Financial fixed assets +€1.1m
up €1.1m (+148%), from €747,288 to €1.8m
- Receivables within one year +€123,346
up €123,346 (+65.2%), from €189,230 to €312,576
of which Trade receivables: +€113,966
- Receivables after one year +€75,000
up €75,000 (+48.4%), from €155,000 to €230,000
- Cash +€43,385
up €43,385 (+54.8%), from €79,153 to €122,538
mainly Contributions, distributions and other (+€1.0m) and Net result for the year (+€225,909)
- Reserves +€892,693
up €892,693 (+336%), from €265,687 to €1.2m
- Contributions +€361,390
up €361,390 (+6,023%), from €6,000 to €367,390
- Debts after one year +€124,422
up €124,422 (+86.7%), from €143,553 to €267,975
- Trade debts -€70,765
down €70,765 (-39.8%), from €177,603 to €106,838
- Financial income +€175,000
up €175,000 (+350%), from €50,000 to €225,000
- Staff costs -€27,241
down €27,241 (-16.0%), from €170,384 to €143,143
- Taxes +€12,505
up €12,505, from -€12,313 to €192
- Gross operating margin -€8,857
down €8,857 (-4.6%), from €193,816 to €184,959
- Write-downs -€4,418
down €4,418, from €4,051 to -€367
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 | €1,237,920 | €2,579,365 | +€1.3m | +108% |
| Fixed assets | 21/28 | €772,038 | €1,867,728 | +€1.1m | +142% |
| Tangible fixed assets | 22/27 | €24,751 | €17,766 | -€6,985 | -28.2% |
| Furniture and vehicles | 24 | €9,803 | €5,953 | -€3,850 | -39.3% |
| Other tangible fixed assets | 26 | €14,948 | €11,813 | -€3,135 | -21.0% |
| Financial fixed assets | 28 | €747,288 | €1,849,962 | +€1.1m | +148% |
| Current assets | 29/58 | €465,882 | €711,637 | +€245,756 | +52.8% |
| Amounts receivable after more than one year | 29 | €155,000 | €230,000 | +€75,000 | +48.4% |
| Other amounts receivable | 291 | €155,000 | €230,000 | +€75,000 | +48.4% |
| Amounts receivable within one year | 40/41 | €189,230 | €312,576 | +€123,346 | +65.2% |
| Trade receivables | 40 | €188,302 | €302,268 | +€113,966 | +60.5% |
| Other amounts receivable | 41 | €929 | €10,308 | +€9,379 | +1,010% |
| Cash at bank and in hand | 54/58 | €79,153 | €122,538 | +€43,385 | +54.8% |
| Deferred charges and accrued income | 490/1 | €42,499 | €46,524 | +€4,026 | +9.5% |
| Total equity and liabilities | 10/49 | €1,237,920 | €2,579,365 | +€1.3m | +108% |
| Equity | 10/15 | €271,687 | €1,525,770 | +€1.3m | +462% |
| Contributions | 10/11 | €6,000 | €367,390 | +€361,390 | +6,023% |
| Reserves | 13 | €265,687 | €1,158,380 | +€892,693 | +336% |
| Distributable reserves | 133 | €265,687 | €1,158,380 | +€892,693 | +336% |
| Amounts payable | 17/49 | €966,233 | €1,053,594 | +€87,362 | +9.0% |
| Amounts payable after more than one year | 17 | €143,553 | €267,975 | +€124,422 | +86.7% |
| Financial debts | 170/4 | €143,553 | €267,975 | +€124,422 | +86.7% |
| Amounts payable within one year | 42/48 | €822,680 | €785,619 | -€37,061 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €24,583 | €25,578 | +€995 | +4.0% |
| Financial debts | 43 | - | €3,364 | +€3,364 | |
| Credit institutions | 430/8 | - | €3,364 | +€3,364 | |
| Trade debts | 44 | €177,603 | €106,838 | -€70,765 | -39.8% |
| Suppliers | 440/4 | €177,603 | €106,838 | -€70,765 | -39.8% |
| Taxes, remuneration and social security | 45 | €29,093 | €46,600 | +€17,506 | +60.2% |
| Taxes | 450/3 | €3,241 | €28,782 | +€25,541 | +788% |
| Remuneration and social security | 454/9 | €25,853 | €17,818 | -€8,035 | -31.1% |
| Other amounts payable | 47/48 | €591,401 | €603,239 | +€11,838 | +2.0% |
| Remuneration, social security and pensions | 62 | €170,384 | €143,143 | -€27,241 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,175 | €6,985 | -€2,190 | -23.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,051 | -€367 | -€4,418 | |
| Other operating charges | 640/8 | €449 | €1,060 | +€611 | +136% |
| Gross operating margin | 9900 | €193,816 | €184,959 | -€8,857 | -4.6% |
| Operating profit (loss) | 9901 | €9,757 | €34,138 | +€24,381 | +250% |
| Financial income | 75/76B | €50,000 | €225,000 | +€175,000 | +350% |
| Recurring financial income | 75 | €50,000 | €225,000 | +€175,000 | +350% |
| Financial charges | 65/66B | €33,734 | €33,036 | -€698 | -2.1% |
| Recurring financial charges | 65 | €33,734 | €33,036 | -€698 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €26,022 | €226,101 | +€200,079 | +769% |
| Income taxes | 67/77 | -€12,313 | €192 | +€12,505 | |
| Profit (loss) for the period | 9904 | €38,335 | €225,909 | +€187,574 | +489% |
| Profit (loss) for the period to be appropriated | 9905 | €38,335 | €225,909 | +€187,574 | +489% |
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 24 October 2026 via checked.be.