KMO-PARTNERS: 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-PARTNERS
Largest movements
- Cash +€33,199
up €33,199 (+97.2%), from €34,165 to €67,364
mainly Net result for the year (+€13,231) and Trade debts (+€13,187)
- Receivables within one year -€8,248
down €8,248 (-6.8%), from €121,996 to €113,748
of which Trade receivables: -€8,439
- Tangible fixed assets +€6,568
up €6,568 (+90.8%), from €7,234 to €13,802
of which Furniture and vehicles: +€7,282
- Profit (loss) carried forward +€13,232
up €13,232 (+9.4%), from €140,551 to €153,783
- Trade debts +€13,187
up €13,187 (+63.9%), from €20,653 to €33,840
- Staff costs -€61,438
down €61,438 (-54.8%), from €112,184 to €50,746
- Gross operating margin -€56,323
down €56,323 (-41.9%), from €134,483 to €78,160
- Other operating charges -€6,661
down €6,661 (-61.4%), from €10,842 to €4,182
- Depreciation +€2,611
up €2,611 (+70.1%), from €3,724 to €6,335
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 | €207,140 | €238,158 | +€31,018 | +15.0% |
| Fixed assets | 21/28 | €19,484 | €25,552 | +€6,068 | +31.1% |
| Intangible fixed assets | 21 | €2,250 | €1,750 | -€500 | -22.2% |
| Tangible fixed assets | 22/27 | €7,234 | €13,802 | +€6,568 | +90.8% |
| Plant, machinery and equipment | 23 | €775 | €60 | -€715 | -92.2% |
| Furniture and vehicles | 24 | €6,459 | €13,741 | +€7,282 | +112.8% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €187,656 | €212,606 | +€24,951 | +13.3% |
| Amounts receivable within one year | 40/41 | €121,996 | €113,748 | -€8,248 | -6.8% |
| Trade receivables | 40 | €121,996 | €113,557 | -€8,439 | -6.9% |
| Other amounts receivable | 41 | - | €191 | +€191 | |
| Current investments | 50/53 | €31,495 | €31,495 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,165 | €67,364 | +€33,199 | +97.2% |
| Total equity and liabilities | 10/49 | €207,140 | €238,158 | +€31,018 | +15.0% |
| Equity | 10/15 | €161,011 | €174,243 | +€13,232 | +8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,551 | €153,783 | +€13,232 | +9.4% |
| Amounts payable | 17/49 | €46,129 | €63,915 | +€17,787 | +38.6% |
| Amounts payable after more than one year | 17 | - | €1,294 | +€1,294 | |
| Financial debts | 170/4 | - | €1,294 | +€1,294 | |
| Amounts payable within one year | 42/48 | €46,129 | €62,621 | +€16,493 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | - | €1,892 | +€1,892 | |
| Trade debts | 44 | €20,653 | €33,840 | +€13,187 | +63.9% |
| Suppliers | 440/4 | €20,653 | €33,840 | +€13,187 | +63.9% |
| Taxes, remuneration and social security | 45 | €25,186 | €26,890 | +€1,704 | +6.8% |
| Taxes | 450/3 | €25,186 | €26,890 | +€1,704 | +6.8% |
| Other amounts payable | 47/48 | €290 | - | -€290 | |
| Remuneration, social security and pensions | 62 | €112,184 | €50,746 | -€61,438 | -54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,724 | €6,335 | +€2,611 | +70.1% |
| Other operating charges | 640/8 | €10,842 | €4,182 | -€6,661 | -61.4% |
| Gross operating margin | 9900 | €134,483 | €78,160 | -€56,323 | -41.9% |
| Operating profit (loss) | 9901 | €7,733 | €16,897 | +€9,164 | +118.5% |
| Financial income | 75/76B | €1,495 | €1,950 | +€455 | +30.4% |
| Recurring financial income | 75 | €1,495 | €1,950 | +€455 | +30.4% |
| Financial charges | 65/66B | €1,736 | €2,365 | +€629 | +36.3% |
| Recurring financial charges | 65 | €1,736 | €2,365 | +€629 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | €7,492 | €16,481 | +€8,989 | +120.0% |
| Income taxes | 67/77 | €1,974 | €3,250 | +€1,276 | +64.7% |
| Profit (loss) for the period | 9904 | €5,518 | €13,231 | +€7,713 | +139.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,518 | €13,231 | +€7,713 | +139.8% |
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 12 October 2026 via checked.be.