KMO ACCOUNTANTS: what changed
KMO ACCOUNTANTS
Largest movements
- Financial fixed assets +€295,504
new in 2025: €295,504
- Cash -€27,047
down €27,047 (-78.6%), from €34,432 to €7,384
mainly Investment in fixed assets (net) (-€297,481) and Contributions, distributions and other (-€84,888)
- Tangible fixed assets -€5,057
down €5,057 (-36.8%), from €13,740 to €8,683
- Receivables within one year -€4,813
down €4,813 (-26.5%), from €18,151 to €13,339
of which Trade receivables: -€6,051
- Debts after one year +€187,916
up €187,916 (+3,016%), from €6,231 to €194,148
- Other debts +€60,417
up €60,417 (+2,197%), from €2,750 to €63,167
- Reserves -€36,141
down €36,141 (-90.6%), from €39,888 to €3,747
- Current portion of long-term debt +€35,120
up €35,120 (+619%), from €5,670 to €40,790
- Tax, wage and social debts +€8,155
up €8,155 (+86.6%), from €9,418 to €17,573
of which Taxes: +€6,401
- Gross operating margin +€34,883
up €34,883 (+73.2%), from €47,677 to €82,559
- Taxes +€9,355
up €9,355 (+99.5%), from €9,406 to €18,761
- Financial charges +€6,631
up €6,631 (+1,783%), from €372 to €7,003
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,368 | €324,958 | +€258,589 | +390% |
| Fixed assets | 21/28 | €13,740 | €304,187 | +€290,447 | +2,114% |
| Tangible fixed assets | 22/27 | €13,740 | €8,683 | -€5,057 | -36.8% |
| Furniture and vehicles | 24 | €13,740 | €8,683 | -€5,057 | -36.8% |
| Financial fixed assets | 28 | - | €295,504 | +€295,504 | |
| Current assets | 29/58 | €52,628 | €20,771 | -€31,857 | -60.5% |
| Amounts receivable within one year | 40/41 | €18,151 | €13,339 | -€4,813 | -26.5% |
| Trade receivables | 40 | €18,151 | €12,100 | -€6,051 | -33.3% |
| Other amounts receivable | 41 | €0 | €1,239 | +€1,239 | |
| Cash at bank and in hand | 54/58 | €34,432 | €7,384 | -€27,047 | -78.6% |
| Deferred charges and accrued income | 490/1 | €45 | €48 | +€3 | +6.0% |
| Total equity and liabilities | 10/49 | €66,368 | €324,958 | +€258,589 | +390% |
| Equity | 10/15 | €41,388 | €5,247 | -€36,141 | -87.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €39,888 | €3,747 | -€36,141 | -90.6% |
| Distributable reserves | 133 | €39,888 | €3,747 | -€36,141 | -90.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,981 | €319,711 | +€294,730 | +1,180% |
| Amounts payable after more than one year | 17 | €6,231 | €194,148 | +€187,916 | +3,016% |
| Financial debts | 170/4 | €6,231 | €194,148 | +€187,916 | +3,016% |
| Amounts payable within one year | 42/48 | €18,749 | €125,563 | +€106,814 | +570% |
| Current portion of amounts payable after more than one year | 42 | €5,670 | €40,790 | +€35,120 | +619% |
| Trade debts | 44 | €912 | €4,033 | +€3,122 | +342% |
| Suppliers | 440/4 | €912 | €4,033 | +€3,122 | +342% |
| Taxes, remuneration and social security | 45 | €9,418 | €17,573 | +€8,155 | +86.6% |
| Taxes | 450/3 | €9,418 | €15,819 | +€6,401 | +68.0% |
| Remuneration and social security | 454/9 | - | €1,754 | +€1,754 | |
| Other amounts payable | 47/48 | €2,750 | €63,167 | +€60,417 | +2,197% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,701 | €7,034 | +€334 | +5.0% |
| Other operating charges | 640/8 | €838 | €1,016 | +€178 | +21.3% |
| Gross operating margin | 9900 | €47,677 | €82,559 | +€34,883 | +73.2% |
| Operating profit (loss) | 9901 | €40,138 | €74,509 | +€34,371 | +85.6% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €372 | €7,003 | +€6,631 | +1,783% |
| Recurring financial charges | 65 | €372 | €7,003 | +€6,631 | +1,783% |
| Profit (loss) for the period before taxes | 9903 | €39,766 | €67,508 | +€27,742 | +69.8% |
| Income taxes | 67/77 | €9,406 | €18,761 | +€9,355 | +99.5% |
| Profit (loss) for the period | 9904 | €30,360 | €48,747 | +€18,387 | +60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,360 | €48,747 | +€18,387 | +60.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.