KMS: 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.
KMS
Largest movements
- Deferred charges and accrued income +€487,962
up €487,962 (+4725.9%), from €10,325 to €498,287
- Receivables within one year -€398,229
down €398,229 (-40.5%), from €982,367 to €584,138
of which Trade receivables: -€390,046
- Tangible fixed assets +€347,746
up €347,746 (+25.2%), from €1.4m to €1.7m
of which Leasing and similar rights: +€500,653
- Debts after one year +€236,469
up €236,469 (+36.4%), from €648,777 to €885,246
- Accrued charges and deferred income +€175,453
new in 2025: €175,453
- Profit (loss) carried forward -€171,538
down €171,538 (-79.8%), from €215,057 to €43,519
- Trade debts +€139,363
up €139,363 (+19.3%), from €720,713 to €860,076
- Tax, wage and social debts +€119,900
up €119,900 (+44.7%), from €268,112 to €388,012
of which Remuneration and social security: +€76,712
- Gross operating margin +€555,498
up €555,498 (+22.6%), from €2.5m to €3.0m
- Staff costs +€368,483
up €368,483 (+23.5%), from €1.6m to €1.9m
- Depreciation +€65,200
up €65,200 (+17.0%), from €383,680 to €448,880
- Other operating charges -€30,262
down €30,262 (-51.1%), from €59,232 to €28,970
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 | €2,812,931 | €3,252,742 | +€439,810 | +15.6% |
| Fixed assets | 21/28 | €1,820,199 | €2,170,226 | +€350,027 | +19.2% |
| Tangible fixed assets | 22/27 | €1,379,847 | €1,727,593 | +€347,746 | +25.2% |
| Land and buildings | 22 | €330,208 | €317,427 | -€12,781 | -3.9% |
| Plant, machinery and equipment | 23 | €69 | - | -€69 | |
| Furniture and vehicles | 24 | €443,611 | €304,675 | -€138,936 | -31.3% |
| Leasing and similar rights | 25 | €604,656 | €1,105,309 | +€500,653 | +82.8% |
| Other tangible fixed assets | 26 | €1,303 | €181 | -€1,122 | -86.1% |
| Financial fixed assets | 28 | €440,352 | €442,633 | +€2,282 | +0.5% |
| Current assets | 29/58 | €992,733 | €1,082,516 | +€89,783 | +9.0% |
| Amounts receivable within one year | 40/41 | €982,367 | €584,138 | -€398,229 | -40.5% |
| Trade receivables | 40 | €789,758 | €399,712 | -€390,046 | -49.4% |
| Other amounts receivable | 41 | €192,609 | €184,426 | -€8,183 | -4.2% |
| Cash at bank and in hand | 54/58 | €40 | €90 | +€51 | +127.5% |
| Deferred charges and accrued income | 490/1 | €10,325 | €498,287 | +€487,962 | +4725.9% |
| Total equity and liabilities | 10/49 | €2,812,931 | €3,252,742 | +€439,810 | +15.6% |
| Equity | 10/15 | €495,517 | €323,979 | -€171,538 | -34.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €260,000 | €260,000 | = | 0.0% |
| Distributable reserves | 133 | €260,000 | €260,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,057 | €43,519 | -€171,538 | -79.8% |
| Amounts payable | 17/49 | €2,317,415 | €2,928,763 | +€611,348 | +26.4% |
| Amounts payable after more than one year | 17 | €648,777 | €885,246 | +€236,469 | +36.4% |
| Financial debts | 170/4 | €648,777 | €885,246 | +€236,469 | +36.4% |
| Amounts payable within one year | 42/48 | €1,668,638 | €1,868,064 | +€199,426 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €486,434 | €471,905 | -€14,529 | -3.0% |
| Financial debts | 43 | €44,352 | €58,251 | +€13,899 | +31.3% |
| Credit institutions | 430/8 | €44,352 | €58,251 | +€13,899 | +31.3% |
| Trade debts | 44 | €720,713 | €860,076 | +€139,363 | +19.3% |
| Suppliers | 440/4 | €720,713 | €860,076 | +€139,363 | +19.3% |
| Taxes, remuneration and social security | 45 | €268,112 | €388,012 | +€119,900 | +44.7% |
| Taxes | 450/3 | €116,072 | €159,260 | +€43,188 | +37.2% |
| Remuneration and social security | 454/9 | €152,040 | €228,752 | +€76,712 | +50.5% |
| Other amounts payable | 47/48 | €149,027 | €89,820 | -€59,207 | -39.7% |
| Accrued charges and deferred income | 492/3 | - | €175,453 | +€175,453 | |
| Remuneration, social security and pensions | 62 | €1,568,871 | €1,937,353 | +€368,483 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €383,680 | €448,880 | +€65,200 | +17.0% |
| Other operating charges | 640/8 | €59,232 | €28,970 | -€30,262 | -51.1% |
| Gross operating margin | 9900 | €2,463,195 | €3,018,693 | +€555,498 | +22.6% |
| Operating profit (loss) | 9901 | €451,412 | €603,489 | +€152,077 | +33.7% |
| Financial income | 75/76B | €0 | €141 | +€141 | +141000.0% |
| Recurring financial income | 75 | €0 | €141 | +€141 | +141000.0% |
| Financial charges | 65/66B | €46,262 | €51,922 | +€5,660 | +12.2% |
| Recurring financial charges | 65 | €46,262 | €51,922 | +€5,660 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €405,150 | €551,708 | +€146,558 | +36.2% |
| Income taxes | 67/77 | €120,750 | €123,246 | +€2,497 | +2.1% |
| Profit (loss) for the period | 9904 | €284,400 | €428,462 | +€144,062 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €284,400 | €428,462 | +€144,062 | +50.7% |
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 3 October 2026 via checked.be.