KMG TECHNICS: 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.
KMG TECHNICS
Largest movements
- Tangible fixed assets -€63,267
down €63,267 (-14.7%), from €431,085 to €367,819
of which Leasing and similar rights: -€95,111
- Receivables within one year +€54,065
up €54,065 (+180.2%), from €30,010 to €84,075
of which Trade receivables: +€54,434
- Cash -€26,766
down €26,766 (-17.7%), from €151,152 to €124,386
mainly Contributions, distributions and other (-€355,743) and Receivables within one year (-€54,065)
- Reserves -€358,596
down €358,596 (-69.4%), from €516,618 to €158,022
- Other debts +€333,236
up €333,236 (+455.3%), from €73,189 to €406,425
- Profit (loss) carried forward +€62,953
up €62,953 (+54.7%), from -€115,179 to -€52,226
- Current portion of long-term debt -€43,903
no longer reported in 2025 (was €43,903)
- Accrued charges and deferred income -€22,382
no longer reported in 2025 (was €22,382)
- Gross operating margin +€66,074
up €66,074 (+71.5%), from €92,443 to €158,517
- Financial income -€6,210
down €6,210 (-91.2%), from €6,808 to €598
- Depreciation +€4,324
up €4,324 (+4.9%), from €88,494 to €92,818
- Taxes -€3,511
no longer reported in 2025 (was €3,511)
- Other operating charges +€2,103
up €2,103 (+136.8%), from €1,537 to €3,640
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 | €630,383 | €600,897 | -€29,486 | -4.7% |
| Fixed assets | 21/28 | €431,504 | €371,723 | -€59,781 | -13.9% |
| Intangible fixed assets | 21 | €284 | €10 | -€274 | -96.5% |
| Tangible fixed assets | 22/27 | €431,085 | €367,819 | -€63,267 | -14.7% |
| Land and buildings | 22 | €307,463 | €285,965 | -€21,497 | -7.0% |
| Plant, machinery and equipment | 23 | €24,126 | €17,600 | -€6,526 | -27.0% |
| Furniture and vehicles | 24 | €4,385 | €50,114 | +€45,729 | +1042.8% |
| Leasing and similar rights | 25 | €95,111 | - | -€95,111 | |
| Other tangible fixed assets | 26 | - | €14,140 | +€14,140 | |
| Financial fixed assets | 28 | €135 | €3,894 | +€3,759 | +2784.4% |
| Current assets | 29/58 | €198,879 | €229,174 | +€30,295 | +15.2% |
| Stocks and contracts in progress | 3 | €6,295 | €9,088 | +€2,793 | +44.4% |
| Stocks | 30/36 | €6,295 | €9,088 | +€2,793 | +44.4% |
| Amounts receivable within one year | 40/41 | €30,010 | €84,075 | +€54,065 | +180.2% |
| Trade receivables | 40 | €28,311 | €82,744 | +€54,434 | +192.3% |
| Other amounts receivable | 41 | €1,699 | €1,330 | -€369 | -21.7% |
| Cash at bank and in hand | 54/58 | €151,152 | €124,386 | -€26,766 | -17.7% |
| Deferred charges and accrued income | 490/1 | €11,422 | €11,625 | +€202 | +1.8% |
| Total equity and liabilities | 10/49 | €630,383 | €600,897 | -€29,486 | -4.7% |
| Equity | 10/15 | €469,439 | €173,796 | -€295,643 | -63.0% |
| Contributions | 10/11 | €68,000 | €68,000 | = | 0.0% |
| Reserves | 13 | €516,618 | €158,022 | -€358,596 | -69.4% |
| Distributable reserves | 133 | €516,618 | €158,022 | -€358,596 | -69.4% |
| Profit (loss) carried forward | 14 | -€115,179 | -€52,226 | +€62,953 | +54.7% |
| Amounts payable | 17/49 | €160,944 | €427,101 | +€266,157 | +165.4% |
| Amounts payable within one year | 42/48 | €138,562 | €427,101 | +€288,539 | +208.2% |
| Current portion of amounts payable after more than one year | 42 | €43,903 | - | -€43,903 | |
| Trade debts | 44 | €19,816 | €14,846 | -€4,970 | -25.1% |
| Suppliers | 440/4 | €19,816 | €14,846 | -€4,970 | -25.1% |
| Taxes, remuneration and social security | 45 | €1,654 | €5,830 | +€4,176 | +252.5% |
| Taxes | 450/3 | €1,654 | €5,830 | +€4,176 | +252.5% |
| Other amounts payable | 47/48 | €73,189 | €406,425 | +€333,236 | +455.3% |
| Accrued charges and deferred income | 492/3 | €22,382 | - | -€22,382 | |
| Non-recurring operating income | 76A | €14,402 | - | -€14,402 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,494 | €92,818 | +€4,324 | +4.9% |
| Other operating charges | 640/8 | €1,537 | €3,640 | +€2,103 | +136.8% |
| Non-recurring operating charges | 66A | - | €2,250 | +€2,250 | |
| Gross operating margin | 9900 | €92,443 | €158,517 | +€66,074 | +71.5% |
| Operating profit (loss) | 9901 | €2,412 | €59,809 | +€57,397 | +2379.4% |
| Financial income | 75/76B | €6,808 | €598 | -€6,210 | -91.2% |
| Recurring financial income | 75 | €6,808 | €598 | -€6,210 | -91.2% |
| Financial charges | 65/66B | €781 | €307 | -€474 | -60.7% |
| Recurring financial charges | 65 | €781 | €307 | -€474 | -60.7% |
| Profit (loss) for the period before taxes | 9903 | €8,439 | €60,100 | +€51,661 | +612.2% |
| Income taxes | 67/77 | €3,511 | - | -€3,511 | |
| Profit (loss) for the period | 9904 | €4,928 | €60,100 | +€55,172 | +1119.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,928 | €60,100 | +€55,172 | +1119.5% |
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 30 September 2026 via checked.be.