KMR TEAM: 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.
KMR TEAM
Largest movements
- Receivables within one year +€70,645
up €70,645 (+173.8%), from €40,654 to €111,298
of which Trade receivables: +€70,072
- Tangible fixed assets +€35,451
up €35,451 (+70.2%), from €50,522 to €85,973
of which Plant, machinery and equipment: +€28,626
- Accrued charges and deferred income +€69,979
up €69,979 (+82095.9%), from €85 to €70,064
- Trade debts +€22,523
up €22,523 (+47.2%), from €47,719 to €70,243
- Profit (loss) carried forward +€7,644
up €7,644 (+185.7%), from €4,117 to €11,761
- Debts after one year +€3,397
up €3,397 (+12.2%), from €27,831 to €31,229
- Gross operating margin +€13,335
up €13,335 (+73.8%), from €18,075 to €31,410
- Depreciation +€7,738
up €7,738 (+60.4%), from €12,811 to €20,550
- Financial charges +€2,080
up €2,080 (+911.3%), from €228 to €2,309
- Staff costs -€584
no longer reported in 2025 (was €584)
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 | €96,364 | €200,938 | +€104,573 | +108.5% |
| Fixed assets | 21/28 | €50,522 | €85,973 | +€35,451 | +70.2% |
| Tangible fixed assets | 22/27 | €50,522 | €85,973 | +€35,451 | +70.2% |
| Plant, machinery and equipment | 23 | €32,141 | €60,766 | +€28,626 | +89.1% |
| Furniture and vehicles | 24 | €18,381 | €25,206 | +€6,825 | +37.1% |
| Current assets | 29/58 | €45,842 | €114,965 | +€69,123 | +150.8% |
| Stocks and contracts in progress | 3 | €1,325 | €575 | -€750 | -56.6% |
| Stocks | 30/36 | €1,325 | €575 | -€750 | -56.6% |
| Amounts receivable within one year | 40/41 | €40,654 | €111,298 | +€70,645 | +173.8% |
| Trade receivables | 40 | €39,131 | €109,203 | +€70,072 | +179.1% |
| Other amounts receivable | 41 | €1,523 | €2,095 | +€572 | +37.6% |
| Cash at bank and in hand | 54/58 | €1,338 | €873 | -€465 | -34.8% |
| Deferred charges and accrued income | 490/1 | €2,525 | €2,219 | -€307 | -12.1% |
| Total equity and liabilities | 10/49 | €96,364 | €200,938 | +€104,573 | +108.5% |
| Equity | 10/15 | €7,117 | €14,761 | +€7,644 | +107.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,117 | €11,761 | +€7,644 | +185.7% |
| Amounts payable | 17/49 | €89,248 | €186,176 | +€96,929 | +108.6% |
| Amounts payable after more than one year | 17 | €27,831 | €31,229 | +€3,397 | +12.2% |
| Financial debts | 170/4 | €27,831 | €31,229 | +€3,397 | +12.2% |
| Amounts payable within one year | 42/48 | €61,331 | €84,884 | +€23,553 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €13,612 | €14,641 | +€1,030 | +7.6% |
| Trade debts | 44 | €47,719 | €70,243 | +€22,523 | +47.2% |
| Suppliers | 440/4 | €47,719 | €70,243 | +€22,523 | +47.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €85 | €70,064 | +€69,979 | +82095.9% |
| Remuneration, social security and pensions | 62 | €584 | - | -€584 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,811 | €20,550 | +€7,738 | +60.4% |
| Other operating charges | 640/8 | €844 | €908 | +€64 | +7.5% |
| Non-recurring operating charges | 66A | €92 | €0 | -€92 | -100.0% |
| Gross operating margin | 9900 | €18,075 | €31,410 | +€13,335 | +73.8% |
| Operating profit (loss) | 9901 | €3,744 | €9,953 | +€6,209 | +165.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €228 | €2,309 | +€2,080 | +911.3% |
| Recurring financial charges | 65 | €228 | €2,309 | +€2,080 | +911.3% |
| Profit (loss) for the period before taxes | 9903 | €3,516 | €7,644 | +€4,128 | +117.4% |
| Income taxes | 67/77 | €132 | €0 | -€132 | -100.0% |
| Profit (loss) for the period | 9904 | €3,385 | €7,644 | +€4,260 | +125.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,385 | €7,644 | +€4,260 | +125.9% |
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.