KMK Project: 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.
KMK Project
Largest movements
- Tangible fixed assets -€20,274
down €20,274 (-77.6%), from €26,141 to €5,867
of which Furniture and vehicles: -€19,667
- Receivables within one year +€14,128
up €14,128 (+185.7%), from €7,606 to €21,734
of which Other amounts receivable: +€9,234
- Cash +€4,560
up €4,560 (+522.2%), from €873 to €5,434
mainly Depreciation (+€20,811) and Deferred charges and accrued income (+€2,438)
- Deferred charges and accrued income -€2,438
down €2,438 (-54.5%), from €4,477 to €2,038
- Trade debts +€2,412
up €2,412 (+145.9%), from €1,654 to €4,066
- Current portion of long-term debt -€2,339
down €2,339 (-49.3%), from €4,748 to €2,409
- Debts after one year -€2,284
no longer reported in 2025 (was €2,284)
- Profit (loss) carried forward -€1,972
down €1,972 (-15.8%), from €12,480 to €10,508
- Advances received +€530
new in 2025: €530
- Gross operating margin -€4,663
down €4,663 (-17.3%), from €27,007 to €22,344
- Depreciation -€1,389
down €1,389 (-6.3%), from €22,200 to €20,811
- Financial charges -€369
down €369 (-38.6%), from €955 to €586
- Taxes -€365
down €365 (-19.3%), from €1,891 to €1,526
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 | €39,098 | €35,073 | -€4,025 | -10.3% |
| Fixed assets | 21/28 | €26,141 | €5,867 | -€20,274 | -77.6% |
| Tangible fixed assets | 22/27 | €26,141 | €5,867 | -€20,274 | -77.6% |
| Plant, machinery and equipment | 23 | €1,683 | €1,075 | -€608 | -36.1% |
| Furniture and vehicles | 24 | €24,458 | €4,792 | -€19,667 | -80.4% |
| Current assets | 29/58 | €12,956 | €29,206 | +€16,250 | +125.4% |
| Amounts receivable within one year | 40/41 | €7,606 | €21,734 | +€14,128 | +185.7% |
| Trade receivables | 40 | €7,606 | €12,500 | +€4,894 | +64.3% |
| Other amounts receivable | 41 | - | €9,234 | +€9,234 | |
| Cash at bank and in hand | 54/58 | €873 | €5,434 | +€4,560 | +522.2% |
| Deferred charges and accrued income | 490/1 | €4,477 | €2,038 | -€2,438 | -54.5% |
| Total equity and liabilities | 10/49 | €39,098 | €35,073 | -€4,025 | -10.3% |
| Equity | 10/15 | €22,480 | €20,508 | -€1,972 | -8.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,480 | €10,508 | -€1,972 | -15.8% |
| Amounts payable | 17/49 | €16,618 | €14,565 | -€2,053 | -12.4% |
| Amounts payable after more than one year | 17 | €2,284 | - | -€2,284 | |
| Financial debts | 170/4 | €2,284 | - | -€2,284 | |
| Amounts payable within one year | 42/48 | €14,334 | €14,565 | +€231 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €4,748 | €2,409 | -€2,339 | -49.3% |
| Trade debts | 44 | €1,654 | €4,066 | +€2,412 | +145.9% |
| Suppliers | 440/4 | €1,654 | €4,066 | +€2,412 | +145.9% |
| Advances received on contracts in progress | 46 | - | €530 | +€530 | |
| Taxes, remuneration and social security | 45 | €1,932 | €1,560 | -€372 | -19.3% |
| Taxes | 450/3 | €1,932 | €1,560 | -€372 | -19.3% |
| Other amounts payable | 47/48 | €6,000 | €6,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,200 | €20,811 | -€1,389 | -6.3% |
| Other operating charges | 640/8 | €1,576 | €1,623 | +€47 | +3.0% |
| Gross operating margin | 9900 | €27,007 | €22,344 | -€4,663 | -17.3% |
| Operating profit (loss) | 9901 | €3,231 | -€90 | -€3,320 | |
| Financial income | 75/76B | - | €230 | +€230 | |
| Recurring financial income | 75 | - | €230 | +€230 | |
| Financial charges | 65/66B | €955 | €586 | -€369 | -38.6% |
| Recurring financial charges | 65 | €955 | €586 | -€369 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | €2,276 | -€446 | -€2,722 | |
| Income taxes | 67/77 | €1,891 | €1,526 | -€365 | -19.3% |
| Profit (loss) for the period | 9904 | €385 | -€1,972 | -€2,357 | |
| Profit (loss) for the period to be appropriated | 9905 | €385 | -€1,972 | -€2,357 |
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 9 October 2026 via checked.be.