KMS Forwarding: 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.
KMS Forwarding
Largest movements
- Receivables within one year -€78,792
down €78,792 (-13.8%), from €572,213 to €493,421
of which Trade receivables: -€64,905
- Cash +€71,497
up €71,497 (+47.0%), from €152,076 to €223,573
mainly Other debts (+€122,810) and Receivables within one year (+€78,792)
- Deferred charges and accrued income +€35,109
up €35,109 (+36.5%), from €96,298 to €131,407
- Tangible fixed assets -€14,187
down €14,187 (-28.0%), from €50,753 to €36,566
of which Furniture and vehicles: -€12,783
- Other debts +€122,810
new in 2025: €122,810
- Trade debts -€121,208
down €121,208 (-23.0%), from €526,234 to €405,026
- Accrued charges and deferred income +€45,437
new in 2025: €45,437
- Reserves -€16,628
down €16,628 (-6.7%), from €249,340 to €232,713
- Debts after one year -€12,812
down €12,812 (-49.8%), from €25,751 to €12,940
- Gross operating margin -€118,788
down €118,788 (-51.5%), from €230,830 to €112,042
- Staff costs -€84,258
down €84,258 (-49.1%), from €171,569 to €87,311
- Financial charges +€22,569
up €22,569 (+90.5%), from €24,942 to €47,512
- Taxes -€15,839
no longer reported in 2025 (was €15,839)
- Other operating charges -€13,751
down €13,751 (-69.6%), from €19,761 to €6,010
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 | €871,340 | €884,967 | +€13,627 | +1.6% |
| Fixed assets | 21/28 | €50,753 | €36,566 | -€14,187 | -28.0% |
| Tangible fixed assets | 22/27 | €50,753 | €36,566 | -€14,187 | -28.0% |
| Plant, machinery and equipment | 23 | €1,455 | €569 | -€885 | -60.9% |
| Furniture and vehicles | 24 | €44,652 | €31,868 | -€12,783 | -28.6% |
| Other tangible fixed assets | 26 | €4,646 | €4,128 | -€518 | -11.1% |
| Current assets | 29/58 | €820,587 | €848,401 | +€27,813 | +3.4% |
| Amounts receivable within one year | 40/41 | €572,213 | €493,421 | -€78,792 | -13.8% |
| Trade receivables | 40 | €547,270 | €482,364 | -€64,905 | -11.9% |
| Other amounts receivable | 41 | €24,944 | €11,057 | -€13,887 | -55.7% |
| Cash at bank and in hand | 54/58 | €152,076 | €223,573 | +€71,497 | +47.0% |
| Deferred charges and accrued income | 490/1 | €96,298 | €131,407 | +€35,109 | +36.5% |
| Total equity and liabilities | 10/49 | €871,340 | €884,967 | +€13,627 | +1.6% |
| Equity | 10/15 | €269,340 | €252,713 | -€16,628 | -6.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €249,340 | €232,713 | -€16,628 | -6.7% |
| Distributable reserves | 133 | €249,340 | €232,713 | -€16,628 | -6.7% |
| Provisions and deferred taxes | 16 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Major repairs and maintenance | 162 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Amounts payable | 17/49 | €591,999 | €617,254 | +€25,255 | +4.3% |
| Amounts payable after more than one year | 17 | €25,751 | €12,940 | -€12,812 | -49.8% |
| Financial debts | 170/4 | €25,751 | €12,940 | -€12,812 | -49.8% |
| Amounts payable within one year | 42/48 | €566,248 | €558,877 | -€7,371 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €13,235 | €12,812 | -€423 | -3.2% |
| Trade debts | 44 | €526,234 | €405,026 | -€121,208 | -23.0% |
| Suppliers | 440/4 | €526,234 | €405,026 | -€121,208 | -23.0% |
| Taxes, remuneration and social security | 45 | €26,780 | €18,230 | -€8,550 | -31.9% |
| Taxes | 450/3 | €15,737 | €6,564 | -€9,173 | -58.3% |
| Remuneration and social security | 454/9 | €11,043 | €11,666 | +€623 | +5.6% |
| Other amounts payable | 47/48 | - | €122,810 | +€122,810 | |
| Accrued charges and deferred income | 492/3 | - | €45,437 | +€45,437 | |
| Non-recurring operating income | 76A | €128,828 | - | -€128,828 | |
| Remuneration, social security and pensions | 62 | €171,569 | €87,311 | -€84,258 | -49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,107 | €14,187 | +€79 | +0.6% |
| Other operating charges | 640/8 | €19,761 | €6,010 | -€13,751 | -69.6% |
| Non-recurring operating charges | 66A | - | €5,000 | +€5,000 | |
| Gross operating margin | 9900 | €230,830 | €112,042 | -€118,788 | -51.5% |
| Operating profit (loss) | 9901 | €25,393 | -€466 | -€25,859 | |
| Financial income | 75/76B | €20,582 | €31,350 | +€10,768 | +52.3% |
| Recurring financial income | 75 | €20,582 | €31,350 | +€10,768 | +52.3% |
| Financial charges | 65/66B | €24,942 | €47,512 | +€22,569 | +90.5% |
| Recurring financial charges | 65 | €24,942 | €47,512 | +€22,569 | +90.5% |
| Profit (loss) for the period before taxes | 9903 | €21,032 | -€16,628 | -€37,660 | |
| Income taxes | 67/77 | €15,839 | - | -€15,839 | |
| Profit (loss) for the period | 9904 | €5,194 | -€16,628 | -€21,822 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,194 | -€16,628 | -€21,822 |
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.