KMR: 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.
KMR
Largest movements
- Receivables within one year -€1,581
down €1,581 (-26.9%), from €5,877 to €4,296
of which Trade receivables: -€2,348
- Tangible fixed assets -€727
down €727 (-29.0%), from €2,504 to €1,777
- Deferred charges and accrued income +€700
up €700 (+83.5%), from €839 to €1,539
- Cash -€262
down €262 (-6.9%), from €3,817 to €3,554
mainly Debts after one year (-€50,000) and Net result for the year (-€13,938)
- Other debts +€64,038
up €64,038 (+173.8%), from €36,850 to €100,888
- Debts after one year -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Profit (loss) carried forward -€13,938
down €13,938 (-10.4%), from -€133,772 to -€147,710
- Current portion of long-term debt -€2,554
down €2,554 (-100.0%), from €2,554 to €0
- Accrued charges and deferred income +€358
up €358 (+89.9%), from €398 to €755
- Gross operating margin -€35,465
down €35,465, from €26,769 to -€8,696
- Write-downs -€14,982
down €14,982 (-93.5%), from €16,023 to €1,041
- Financial charges +€845
up €845 (+46.8%), from €1,804 to €2,649
- Other operating charges +€424
up €424 (+172.2%), from €246 to €670
- Depreciation +€270
up €270 (+59.2%), from €456 to €727
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 | €13,036 | €11,167 | -€1,870 | -14.3% |
| Fixed assets | 21/28 | €2,504 | €1,777 | -€727 | -29.0% |
| Tangible fixed assets | 22/27 | €2,504 | €1,777 | -€727 | -29.0% |
| Plant, machinery and equipment | 23 | €2,504 | €1,777 | -€727 | -29.0% |
| Current assets | 29/58 | €10,533 | €9,390 | -€1,143 | -10.9% |
| Amounts receivable within one year | 40/41 | €5,877 | €4,296 | -€1,581 | -26.9% |
| Trade receivables | 40 | €2,348 | €0 | -€2,348 | -100.0% |
| Other amounts receivable | 41 | €3,529 | €4,296 | +€767 | +21.7% |
| Cash at bank and in hand | 54/58 | €3,817 | €3,554 | -€262 | -6.9% |
| Deferred charges and accrued income | 490/1 | €839 | €1,539 | +€700 | +83.5% |
| Total equity and liabilities | 10/49 | €13,036 | €11,167 | -€1,870 | -14.3% |
| Equity | 10/15 | -€78,772 | -€92,710 | -€13,938 | -17.7% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,772 | -€147,710 | -€13,938 | -10.4% |
| Amounts payable | 17/49 | €91,809 | €103,877 | +€12,069 | +13.1% |
| Amounts payable after more than one year | 17 | €50,000 | €0 | -€50,000 | -100.0% |
| Financial debts | 170/4 | €50,000 | €0 | -€50,000 | -100.0% |
| Amounts payable within one year | 42/48 | €41,411 | €103,122 | +€61,711 | +149.0% |
| Current portion of amounts payable after more than one year | 42 | €2,554 | €0 | -€2,554 | -100.0% |
| Trade debts | 44 | €1,940 | €2,000 | +€59 | +3.1% |
| Suppliers | 440/4 | €1,940 | €2,000 | +€59 | +3.1% |
| Taxes, remuneration and social security | 45 | €67 | €234 | +€167 | +250.4% |
| Taxes | 450/3 | €67 | €234 | +€167 | +250.4% |
| Other amounts payable | 47/48 | €36,850 | €100,888 | +€64,038 | +173.8% |
| Accrued charges and deferred income | 492/3 | €398 | €755 | +€358 | +89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €456 | €727 | +€270 | +59.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,023 | €1,041 | -€14,982 | -93.5% |
| Other operating charges | 640/8 | €246 | €670 | +€424 | +172.2% |
| Gross operating margin | 9900 | €26,769 | -€8,696 | -€35,465 | |
| Operating profit (loss) | 9901 | €10,043 | -€11,133 | -€21,177 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,804 | €2,649 | +€845 | +46.8% |
| Recurring financial charges | 65 | €1,804 | €2,649 | +€845 | +46.8% |
| Profit (loss) for the period before taxes | 9903 | €8,240 | -€13,782 | -€22,022 | |
| Income taxes | 67/77 | €67 | €156 | +€89 | +133.5% |
| Profit (loss) for the period | 9904 | €8,173 | -€13,938 | -€22,111 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,173 | -€13,938 | -€22,111 |
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 2 October 2026 via checked.be.