KMM: 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.
KMM
Largest movements
- Cash -€26,433
down €26,433 (-24.7%), from €106,970 to €80,537
mainly Contributions, distributions and other (-€103,660) and Investment in fixed assets (net) (-€4,095)
- Receivables within one year -€24,518
down €24,518 (-89.0%), from €27,552 to €3,033
- Tangible fixed assets +€3,983
new in 2025: €3,983
- Reserves -€69,709
down €69,709 (-50.6%), from €137,898 to €68,189
- Other debts +€23,530
new in 2025: €23,530
- Gross operating margin -€5,569
down €5,569 (-11.4%), from €49,041 to €43,472
- Taxes -€1,428
down €1,428 (-13.6%), from €10,535 to €9,108
- Financial income -€1,409
down €1,409 (-81.9%), from €1,721 to €312
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 | €139,631 | €93,052 | -€46,579 | -33.4% |
| Fixed assets | 21/28 | - | €3,983 | +€3,983 | |
| Tangible fixed assets | 22/27 | - | €3,983 | +€3,983 | |
| Furniture and vehicles | 24 | - | €3,983 | +€3,983 | |
| Current assets | 29/58 | €139,631 | €89,070 | -€50,562 | -36.2% |
| Amounts receivable within one year | 40/41 | €27,552 | €3,033 | -€24,518 | -89.0% |
| Other amounts receivable | 41 | €27,552 | €3,033 | -€24,518 | -89.0% |
| Cash at bank and in hand | 54/58 | €106,970 | €80,537 | -€26,433 | -24.7% |
| Deferred charges and accrued income | 490/1 | €5,110 | €5,499 | +€390 | +7.6% |
| Total equity and liabilities | 10/49 | €139,631 | €93,052 | -€46,579 | -33.4% |
| Equity | 10/15 | €138,898 | €69,189 | -€69,709 | -50.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €137,898 | €68,189 | -€69,709 | -50.6% |
| Distributable reserves | 133 | €137,898 | €68,189 | -€69,709 | -50.6% |
| Amounts payable | 17/49 | €733 | €23,863 | +€23,129 | +3154.0% |
| Amounts payable within one year | 42/48 | €733 | €23,863 | +€23,129 | +3154.0% |
| Trade debts | 44 | €733 | €333 | -€401 | -54.6% |
| Suppliers | 440/4 | €733 | €333 | -€401 | -54.6% |
| Other amounts payable | 47/48 | - | €23,530 | +€23,530 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €112 | +€112 | |
| Other operating charges | 640/8 | €450 | €463 | +€13 | +2.8% |
| Gross operating margin | 9900 | €49,041 | €43,472 | -€5,569 | -11.4% |
| Operating profit (loss) | 9901 | €48,590 | €42,897 | -€5,694 | -11.7% |
| Financial income | 75/76B | €1,721 | €312 | -€1,409 | -81.9% |
| Recurring financial income | 75 | €1,721 | €312 | -€1,409 | -81.9% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.0% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €50,177 | €43,059 | -€7,118 | -14.2% |
| Income taxes | 67/77 | €10,535 | €9,108 | -€1,428 | -13.6% |
| Profit (loss) for the period | 9904 | €39,642 | €33,951 | -€5,690 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,642 | €33,951 | -€5,690 | -14.4% |
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 5 October 2026 via checked.be.