KMO & ADVIES: 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 & ADVIES
Largest movements
- Tangible fixed assets -€15,066
down €15,066 (-33.6%), from €44,893 to €29,828
of which Other tangible fixed assets: -€7,762
- Receivables within one year +€4,299
up €4,299 (+3.3%), from €128,449 to €132,748
of which Trade receivables: +€2,299
- Cash -€2,456
down €2,456 (-30.4%), from €8,090 to €5,634
mainly Net result for the year (-€12,416) and Receivables within one year (-€4,299)
- Reserves -€26,700
down €26,700 (-14.1%), from €189,133 to €162,433
of which Tax-exempt reserves: -€26,700
- Profit (loss) carried forward +€14,284
up €14,284 (+50.1%), from -€28,518 to -€14,234
- Gross operating margin +€16,121
up €16,121, from -€11,379 to €4,743
- Financial income +€1,999
up €1,999 (+294017.6%), from €1 to €2,000
- Other operating charges +€1,585
up €1,585 (+70.7%), from €2,243 to €3,828
- Depreciation +€483
up €483 (+3.3%), from €14,583 to €15,066
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 | €182,263 | €169,082 | -€13,181 | -7.2% |
| Fixed assets | 21/28 | €44,893 | €29,828 | -€15,066 | -33.6% |
| Tangible fixed assets | 22/27 | €44,893 | €29,828 | -€15,066 | -33.6% |
| Land and buildings | 22 | €17,835 | €11,067 | -€6,768 | -37.9% |
| Furniture and vehicles | 24 | €1,555 | €1,019 | -€536 | -34.5% |
| Other tangible fixed assets | 26 | €25,504 | €17,742 | -€7,762 | -30.4% |
| Current assets | 29/58 | €137,370 | €139,255 | +€1,885 | +1.4% |
| Amounts receivable within one year | 40/41 | €128,449 | €132,748 | +€4,299 | +3.3% |
| Trade receivables | 40 | €3,449 | €5,748 | +€2,299 | +66.7% |
| Other amounts receivable | 41 | €125,000 | €127,000 | +€2,000 | +1.6% |
| Cash at bank and in hand | 54/58 | €8,090 | €5,634 | -€2,456 | -30.4% |
| Deferred charges and accrued income | 490/1 | €831 | €873 | +€42 | +5.1% |
| Total equity and liabilities | 10/49 | €182,263 | €169,082 | -€13,181 | -7.2% |
| Equity | 10/15 | €179,216 | €166,799 | -€12,416 | -6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €189,133 | €162,433 | -€26,700 | -14.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €26,700 | €0 | -€26,700 | -100.0% |
| Distributable reserves | 133 | €162,433 | €162,433 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,518 | -€14,234 | +€14,284 | +50.1% |
| Amounts payable | 17/49 | €3,047 | €2,283 | -€764 | -25.1% |
| Amounts payable within one year | 42/48 | €3,047 | €2,283 | -€764 | -25.1% |
| Trade debts | 44 | €290 | €0 | -€290 | -100.0% |
| Suppliers | 440/4 | €290 | €0 | -€290 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,198 | €1,343 | +€145 | +12.1% |
| Taxes | 450/3 | €1,198 | €1,343 | +€145 | +12.1% |
| Other amounts payable | 47/48 | €1,558 | €939 | -€619 | -39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,583 | €15,066 | +€483 | +3.3% |
| Other operating charges | 640/8 | €2,243 | €3,828 | +€1,585 | +70.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€11,379 | €4,743 | +€16,121 | |
| Operating profit (loss) | 9901 | -€28,204 | -€14,151 | +€14,053 | +49.8% |
| Financial income | 75/76B | €1 | €2,000 | +€1,999 | +294017.6% |
| Recurring financial income | 75 | €1 | €2,000 | +€1,999 | +294017.6% |
| Financial charges | 65/66B | €314 | €265 | -€49 | -15.5% |
| Recurring financial charges | 65 | €314 | €265 | -€49 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€28,518 | -€12,416 | +€16,101 | +56.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€28,518 | -€12,416 | +€16,101 | +56.5% |
| Transfer from tax-exempt reserves | 789 | €0 | €26,700 | +€26,700 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,518 | €14,284 | +€42,801 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.