KMSquare: 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.
KMSquare
Largest movements
- Cash +€52,072
up €52,072 (+95.0%), from €54,828 to €106,901
mainly Net result for the year (+€37,039) and Debts after one year (+€10,911)
- Deferred charges and accrued income +€8,188
new in 2025: €8,188
- Receivables within one year +€4,157
up €4,157 (+80.1%), from €5,193 to €9,350
of which Trade receivables: +€4,336
- Current investments +€2,966
new in 2025: €2,966
- Profit (loss) carried forward +€37,039
up €37,039 (+89.6%), from €41,316 to €78,354
- Debts after one year +€10,911
new in 2025: €10,911
- Current portion of long-term debt +€8,400
new in 2025: €8,400
- Tax, wage and social debts +€5,578
up €5,578 (+29.9%), from €18,684 to €24,262
- Trade debts +€4,953
up €4,953 (+1,472%), from €337 to €5,290
- Gross operating margin -€4,075
down €4,075 (-7.7%), from €53,176 to €49,101
- Financial charges +€799
up €799 (+706%), from €113 to €912
- Taxes -€598
down €598 (-5.3%), from €11,265 to €10,667
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.
Derived cash bridge
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 | €62,337 | €129,217 | +€66,880 | +107% |
| Fixed assets | 21/28 | €2,315 | €1,812 | -€503 | -21.7% |
| Tangible fixed assets | 22/27 | €2,315 | €1,812 | -€503 | -21.7% |
| Furniture and vehicles | 24 | €2,315 | €1,812 | -€503 | -21.7% |
| Current assets | 29/58 | €60,021 | €127,405 | +€67,383 | +112% |
| Amounts receivable within one year | 40/41 | €5,193 | €9,350 | +€4,157 | +80.1% |
| Trade receivables | 40 | - | €4,336 | +€4,336 | |
| Other amounts receivable | 41 | €5,193 | €5,014 | -€179 | -3.5% |
| Current investments | 50/53 | - | €2,966 | +€2,966 | |
| Cash at bank and in hand | 54/58 | €54,828 | €106,901 | +€52,072 | +95.0% |
| Deferred charges and accrued income | 490/1 | - | €8,188 | +€8,188 | |
| Total equity and liabilities | 10/49 | €62,337 | €129,217 | +€66,880 | +107% |
| Equity | 10/15 | €43,316 | €80,354 | +€37,039 | +85.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,316 | €78,354 | +€37,039 | +89.6% |
| Amounts payable | 17/49 | €19,021 | €48,862 | +€29,841 | +157% |
| Amounts payable after more than one year | 17 | - | €10,911 | +€10,911 | |
| Financial debts | 170/4 | - | €10,911 | +€10,911 | |
| Amounts payable within one year | 42/48 | €19,021 | €37,951 | +€18,931 | +99.5% |
| Current portion of amounts payable after more than one year | 42 | - | €8,400 | +€8,400 | |
| Trade debts | 44 | €337 | €5,290 | +€4,953 | +1,472% |
| Suppliers | 440/4 | €337 | €5,290 | +€4,953 | +1,472% |
| Taxes, remuneration and social security | 45 | €18,684 | €24,262 | +€5,578 | +29.9% |
| Taxes | 450/3 | €18,684 | €24,262 | +€5,578 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201 | €503 | +€302 | +150% |
| Other operating charges | 640/8 | €281 | €0 | -€281 | -100% |
| Gross operating margin | 9900 | €53,176 | €49,101 | -€4,075 | -7.7% |
| Operating profit (loss) | 9901 | €52,694 | €48,598 | -€4,096 | -7.8% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €113 | €912 | +€799 | +706% |
| Recurring financial charges | 65 | €113 | €912 | +€799 | +706% |
| Profit (loss) for the period before taxes | 9903 | €52,581 | €47,706 | -€4,875 | -9.3% |
| Income taxes | 67/77 | €11,265 | €10,667 | -€598 | -5.3% |
| Profit (loss) for the period | 9904 | €41,316 | €37,039 | -€4,277 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,316 | €37,039 | -€4,277 | -10.4% |
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 16 October 2026 via checked.be.