KMO ACCOUNTING: 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.
KMO ACCOUNTING
Largest movements
- Cash +€96,995
up €96,995 (+56.6%), from €171,294 to €268,289
mainly Current investments (+€61,000) and Net result for the year (+€42,369)
- Current investments -€61,000
no longer reported in 2025 (was €61,000)
- Tangible fixed assets -€18,034
down €18,034 (-4.0%), from €452,557 to €434,523
of which Furniture and vehicles: -€22,309
- Receivables within one year +€9,165
up €9,165 (+33.5%), from €27,367 to €36,531
of which Trade receivables: +€6,013
- Reserves +€39,869
up €39,869 (+11.0%), from €362,066 to €401,934
of which Distributable reserves: +€43,658
- Debts after one year -€16,675
down €16,675 (-6.9%), from €242,015 to €225,340
- Provisions +€13,878
up €13,878 (+46.3%), from €29,975 to €43,853
of which Provisions for liabilities and charges: +€14,360
- Other debts -€7,657
down €7,657 (-55.9%), from €13,697 to €6,041
- Gross operating margin +€29,803
up €29,803 (+33.5%), from €88,847 to €118,650
- Provisions +€14,360
new in 2025: €14,360
- Taxes +€8,761
up €8,761 (+66.7%), from €13,130 to €21,891
- Depreciation +€2,548
up €2,548 (+8.5%), from €30,025 to €32,572
- Other operating charges +€1,632
up €1,632 (+29.7%), from €5,496 to €7,128
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 | €724,724 | €751,874 | +€27,151 | +3.7% |
| Fixed assets | 21/28 | €452,756 | €434,572 | -€18,184 | -4.0% |
| Tangible fixed assets | 22/27 | €452,557 | €434,523 | -€18,034 | -4.0% |
| Land and buildings | 22 | €244,172 | €249,473 | +€5,301 | +2.2% |
| Plant, machinery and equipment | 23 | €5,349 | €4,323 | -€1,026 | -19.2% |
| Furniture and vehicles | 24 | €63,589 | €41,280 | -€22,309 | -35.1% |
| Other tangible fixed assets | 26 | €139,447 | €139,447 | = | 0.0% |
| Financial fixed assets | 28 | €200 | €50 | -€150 | -75.2% |
| Current assets | 29/58 | €271,968 | €317,302 | +€45,335 | +16.7% |
| Amounts receivable within one year | 40/41 | €27,367 | €36,531 | +€9,165 | +33.5% |
| Trade receivables | 40 | €27,367 | €33,380 | +€6,013 | +22.0% |
| Other amounts receivable | 41 | - | €3,151 | +€3,151 | |
| Current investments | 50/53 | €61,000 | - | -€61,000 | |
| Cash at bank and in hand | 54/58 | €171,294 | €268,289 | +€96,995 | +56.6% |
| Deferred charges and accrued income | 490/1 | €12,307 | €12,481 | +€175 | +1.4% |
| Total equity and liabilities | 10/49 | €724,724 | €751,874 | +€27,151 | +3.7% |
| Equity | 10/15 | €380,666 | €420,534 | +€39,869 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €362,066 | €401,934 | +€39,869 | +11.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €150,810 | €148,881 | -€1,930 | -1.3% |
| Distributable reserves | 133 | €209,395 | €253,053 | +€43,658 | +20.8% |
| Provisions and deferred taxes | 16 | €29,975 | €43,853 | +€13,878 | +46.3% |
| Provisions for liabilities and charges | 160/5 | €7,317 | €21,677 | +€14,360 | +196% |
| Major repairs and maintenance | 162 | €7,317 | - | -€7,317 | |
| Other liabilities and charges | 164/5 | - | €21,677 | +€21,677 | |
| Deferred taxes | 168 | €22,658 | €22,175 | -€482 | -2.1% |
| Amounts payable | 17/49 | €314,083 | €287,488 | -€26,596 | -8.5% |
| Amounts payable after more than one year | 17 | €242,015 | €225,340 | -€16,675 | -6.9% |
| Financial debts | 170/4 | €242,015 | €225,340 | -€16,675 | -6.9% |
| Amounts payable within one year | 42/48 | €71,514 | €61,774 | -€9,740 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €31,070 | €31,675 | +€606 | +1.9% |
| Trade debts | 44 | €10,037 | €12,901 | +€2,863 | +28.5% |
| Suppliers | 440/4 | €10,037 | €12,901 | +€2,863 | +28.5% |
| Taxes, remuneration and social security | 45 | €16,710 | €11,157 | -€5,553 | -33.2% |
| Taxes | 450/3 | €16,710 | €11,157 | -€5,553 | -33.2% |
| Other amounts payable | 47/48 | €13,697 | €6,041 | -€7,657 | -55.9% |
| Accrued charges and deferred income | 492/3 | €554 | €374 | -€180 | -32.5% |
| Non-recurring operating income | 76A | - | €11 | +€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,025 | €32,572 | +€2,548 | +8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€304 | - | +€304 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €14,360 | +€14,360 | |
| Other operating charges | 640/8 | €5,496 | €7,128 | +€1,632 | +29.7% |
| Gross operating margin | 9900 | €88,847 | €118,650 | +€29,803 | +33.5% |
| Operating profit (loss) | 9901 | €53,630 | €64,589 | +€10,960 | +20.4% |
| Financial income | 75/76B | €3,766 | €4,565 | +€799 | +21.2% |
| Recurring financial income | 75 | €3,766 | €4,565 | +€799 | +21.2% |
| Financial charges | 65/66B | €6,066 | €5,378 | -€688 | -11.3% |
| Recurring financial charges | 65 | €6,066 | €5,378 | -€688 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €51,330 | €63,777 | +€12,447 | +24.2% |
| Transfer from deferred taxes | 780 | €422 | €482 | +€60 | +14.2% |
| Income taxes | 67/77 | €13,130 | €21,891 | +€8,761 | +66.7% |
| Profit (loss) for the period | 9904 | €38,623 | €42,369 | +€3,745 | +9.7% |
| Transfer from tax-exempt reserves | 789 | €1,690 | €1,930 | +€240 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,313 | €44,298 | +€3,985 | +9.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.