KMS Construct: 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 Construct
Largest movements
- Tangible fixed assets -€10,533
down €10,533 (-50.6%), from €20,829 to €10,296
of which Furniture and vehicles: -€15,163
- Cash +€3,909
up €3,909 (+9.5%), from €40,959 to €44,868
mainly Depreciation (+€17,155) and Net result for the year (+€6,013)
- Current portion of long-term debt -€7,151
down €7,151 (-66.4%), from €10,765 to €3,614
- Reserves +€6,013
up €6,013 (+17.8%), from €33,831 to €39,844
of which Distributable reserves: +€6,013
- Debts after one year -€3,614
no longer reported in 2025 (was €3,614)
- Trade debts -€1,541
down €1,541 (-46.1%), from €3,341 to €1,800
- Other debts -€772
down €772 (-3.4%), from €22,811 to €22,039
- Gross operating margin -€5,214
down €5,214 (-14.8%), from €35,151 to €29,937
- Taxes -€1,592
down €1,592 (-34.1%), from €4,665 to €3,073
- Depreciation +€861
up €861 (+5.3%), from €16,294 to €17,155
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 | €74,879 | €67,297 | -€7,582 | -10.1% |
| Fixed assets | 21/28 | €20,829 | €10,296 | -€10,533 | -50.6% |
| Tangible fixed assets | 22/27 | €20,829 | €10,296 | -€10,533 | -50.6% |
| Plant, machinery and equipment | 23 | €261 | €4,892 | +€4,630 | +1772.0% |
| Furniture and vehicles | 24 | €20,568 | €5,405 | -€15,163 | -73.7% |
| Current assets | 29/58 | €54,050 | €57,000 | +€2,951 | +5.5% |
| Amounts receivable within one year | 40/41 | €11,212 | €10,827 | -€384 | -3.4% |
| Trade receivables | 40 | €9,876 | €8,888 | -€988 | -10.0% |
| Other amounts receivable | 41 | €1,335 | €1,940 | +€604 | +45.3% |
| Cash at bank and in hand | 54/58 | €40,959 | €44,868 | +€3,909 | +9.5% |
| Deferred charges and accrued income | 490/1 | €1,879 | €1,305 | -€574 | -30.6% |
| Total equity and liabilities | 10/49 | €74,879 | €67,297 | -€7,582 | -10.1% |
| Equity | 10/15 | €33,831 | €39,844 | +€6,013 | +17.8% |
| Reserves | 13 | €33,831 | €39,844 | +€6,013 | +17.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €31,971 | €37,984 | +€6,013 | +18.8% |
| Amounts payable | 17/49 | €41,048 | €27,453 | -€13,595 | -33.1% |
| Amounts payable after more than one year | 17 | €3,614 | - | -€3,614 | |
| Financial debts | 170/4 | €3,614 | - | -€3,614 | |
| Amounts payable within one year | 42/48 | €37,434 | €27,453 | -€9,981 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €10,765 | €3,614 | -€7,151 | -66.4% |
| Trade debts | 44 | €3,341 | €1,800 | -€1,541 | -46.1% |
| Suppliers | 440/4 | €3,341 | €1,800 | -€1,541 | -46.1% |
| Taxes, remuneration and social security | 45 | €517 | - | -€517 | |
| Taxes | 450/3 | €517 | - | -€517 | |
| Other amounts payable | 47/48 | €22,811 | €22,039 | -€772 | -3.4% |
| Remuneration, social security and pensions | 62 | €2,198 | €2,016 | -€182 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,294 | €17,155 | +€861 | +5.3% |
| Other operating charges | 640/8 | €1,602 | €1,528 | -€74 | -4.6% |
| Gross operating margin | 9900 | €35,151 | €29,937 | -€5,214 | -14.8% |
| Operating profit (loss) | 9901 | €15,058 | €9,238 | -€5,820 | -38.6% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €277 | €155 | -€122 | -44.0% |
| Recurring financial charges | 65 | €277 | €155 | -€122 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €14,781 | €9,085 | -€5,696 | -38.5% |
| Income taxes | 67/77 | €4,665 | €3,073 | -€1,592 | -34.1% |
| Profit (loss) for the period | 9904 | €10,116 | €6,013 | -€4,104 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,116 | €6,013 | -€4,104 | -40.6% |
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 29 September 2026 via checked.be.