KMONET: 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.
KMONET
Largest movements
- Receivables within one year -€453,853
down €453,853 (-47.2%), from €961,653 to €507,800
of which Other amounts receivable: -€415,058
- Intangible fixed assets +€274,186
up €274,186 (+191.2%), from €143,425 to €417,611
- Deferred charges and accrued income -€80,990
down €80,990 (-82.6%), from €98,032 to €17,043
- Cash -€64,561
down €64,561 (-42.3%), from €152,738 to €88,177
mainly Net result for the year (-€355,732) and Debts after one year (-€325,000)
- Tangible fixed assets +€14,904
new in 2025: €14,904
- Profit (loss) carried forward -€355,732
down €355,732 (-385.7%), from -€92,226 to -€447,958
- Debts after one year -€325,000
down €325,000 (-100.0%), from €325,000 to €0
- Current portion of long-term debt +€325,000
up €325,000, from €0 to €325,000
- Trade debts +€50,985
up €50,985 (+7.1%), from €713,079 to €764,063
- Gross operating margin +€50,792
up €50,792 (+391.4%), from €12,977 to €63,769
- Financial charges -€2,927
down €2,927 (-36.9%), from €7,927 to €5,000
- Depreciation +€1,359
up €1,359, from €0 to €1,359
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 | €1,355,848 | €1,045,535 | -€310,314 | -22.9% |
| Fixed assets | 21/28 | €143,425 | €432,516 | +€289,091 | +201.6% |
| Intangible fixed assets | 21 | €143,425 | €417,611 | +€274,186 | +191.2% |
| Tangible fixed assets | 22/27 | - | €14,904 | +€14,904 | |
| Furniture and vehicles | 24 | - | €14,904 | +€14,904 | |
| Current assets | 29/58 | €1,212,423 | €613,019 | -€599,404 | -49.4% |
| Amounts receivable within one year | 40/41 | €961,653 | €507,800 | -€453,853 | -47.2% |
| Trade receivables | 40 | €486,135 | €447,340 | -€38,795 | -8.0% |
| Other amounts receivable | 41 | €475,518 | €60,460 | -€415,058 | -87.3% |
| Cash at bank and in hand | 54/58 | €152,738 | €88,177 | -€64,561 | -42.3% |
| Deferred charges and accrued income | 490/1 | €98,032 | €17,043 | -€80,990 | -82.6% |
| Total equity and liabilities | 10/49 | €1,355,848 | €1,045,535 | -€310,314 | -22.9% |
| Equity | 10/15 | €153,272 | -€202,460 | -€355,732 | |
| Contributions | 10/11 | €243,010 | €243,010 | = | 0.0% |
| Capital | 10 | €243,010 | €243,010 | = | 0.0% |
| Issued capital | 100 | €243,010 | €243,010 | = | 0.0% |
| Reserves | 13 | €2,488 | €2,488 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,488 | €2,488 | = | 0.0% |
| Legal reserve | 130 | €2,488 | €2,488 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,226 | -€447,958 | -€355,732 | -385.7% |
| Amounts payable | 17/49 | €1,202,576 | €1,247,995 | +€45,418 | +3.8% |
| Amounts payable after more than one year | 17 | €325,000 | €0 | -€325,000 | -100.0% |
| Financial debts | 170/4 | €325,000 | €0 | -€325,000 | -100.0% |
| Amounts payable within one year | 42/48 | €715,628 | €1,095,491 | +€379,864 | +53.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €325,000 | +€325,000 | |
| Trade debts | 44 | €713,079 | €764,063 | +€50,985 | +7.1% |
| Suppliers | 440/4 | €713,079 | €764,063 | +€50,985 | +7.1% |
| Advances received on contracts in progress | 46 | €2,549 | €6,428 | +€3,879 | +152.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €161,949 | €152,504 | -€9,445 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €1,359 | +€1,359 | |
| Other operating charges | 640/8 | €968 | €1,368 | +€401 | +41.4% |
| Non-recurring operating charges | 66A | - | €412,739 | +€412,739 | |
| Gross operating margin | 9900 | €12,977 | €63,769 | +€50,792 | +391.4% |
| Operating profit (loss) | 9901 | €12,009 | -€351,698 | -€363,707 | |
| Financial income | 75/76B | €973 | €966 | -€7 | -0.7% |
| Recurring financial income | 75 | €973 | €966 | -€7 | -0.7% |
| Financial charges | 65/66B | €7,927 | €5,000 | -€2,927 | -36.9% |
| Recurring financial charges | 65 | €7,927 | €5,000 | -€2,927 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €5,056 | -€355,732 | -€360,787 | |
| Profit (loss) for the period | 9904 | €5,056 | -€355,732 | -€360,787 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,056 | -€355,732 | -€360,787 |
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 6 October 2026 via checked.be.