KMT: 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.
KMT
Largest movements
- Cash +€123,976
up €123,976 (+88.0%), from €140,841 to €264,817
mainly Net result for the year (+€178,587) and Depreciation (+€31,205)
- Reserves +€128,587
up €128,587 (+41.8%), from €307,603 to €436,190
of which Distributable reserves: +€145,427
- Tax, wage and social debts -€12,973
down €12,973 (-14.6%), from €88,656 to €75,683
- Trade debts +€7,453
up €7,453 (+575.2%), from €1,296 to €8,749
- Financial income -€37,615
down €37,615 (-93.9%), from €40,056 to €2,441
- Gross operating margin +€33,244
up €33,244 (+14.2%), from €233,308 to €266,551
- Depreciation +€10,376
up €10,376 (+49.8%), from €20,829 to €31,205
- Taxes +€4,051
up €4,051 (+7.4%), from €54,401 to €58,452
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 | €415,887 | €544,329 | +€128,442 | +30.9% |
| Fixed assets | 21/28 | €119,794 | €120,627 | +€833 | +0.7% |
| Tangible fixed assets | 22/27 | €119,794 | €120,627 | +€833 | +0.7% |
| Plant, machinery and equipment | 23 | €7,559 | €34,964 | +€27,406 | +362.6% |
| Furniture and vehicles | 24 | €109,410 | €83,959 | -€25,451 | -23.3% |
| Leasing and similar rights | 25 | €2,825 | - | -€2,825 | |
| Other tangible fixed assets | 26 | - | €1,704 | +€1,704 | |
| Current assets | 29/58 | €296,092 | €423,702 | +€127,609 | +43.1% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,379 | €35,920 | +€1,541 | +4.5% |
| Trade receivables | 40 | €33,299 | €35,920 | +€2,622 | +7.9% |
| Other amounts receivable | 41 | €1,081 | - | -€1,081 | |
| Cash at bank and in hand | 54/58 | €140,841 | €264,817 | +€123,976 | +88.0% |
| Deferred charges and accrued income | 490/1 | €872 | €2,964 | +€2,092 | +240.0% |
| Total equity and liabilities | 10/49 | €415,887 | €544,329 | +€128,442 | +30.9% |
| Equity | 10/15 | €313,603 | €442,190 | +€128,587 | +41.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €307,603 | €436,190 | +€128,587 | +41.8% |
| Tax-exempt reserves | 132 | €79,990 | €63,150 | -€16,840 | -21.1% |
| Distributable reserves | 133 | €227,613 | €373,040 | +€145,427 | +63.9% |
| Amounts payable | 17/49 | €102,284 | €102,139 | -€145 | -0.1% |
| Amounts payable within one year | 42/48 | €102,284 | €102,139 | -€145 | -0.1% |
| Trade debts | 44 | €1,296 | €8,749 | +€7,453 | +575.2% |
| Suppliers | 440/4 | €1,296 | €8,749 | +€7,453 | +575.2% |
| Taxes, remuneration and social security | 45 | €88,656 | €75,683 | -€12,973 | -14.6% |
| Taxes | 450/3 | €88,656 | €75,683 | -€12,973 | -14.6% |
| Other amounts payable | 47/48 | €12,332 | €17,706 | +€5,374 | +43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,829 | €31,205 | +€10,376 | +49.8% |
| Other operating charges | 640/8 | €401 | €603 | +€202 | +50.4% |
| Gross operating margin | 9900 | €233,308 | €266,551 | +€33,244 | +14.2% |
| Operating profit (loss) | 9901 | €212,078 | €234,744 | +€22,665 | +10.7% |
| Financial income | 75/76B | €40,056 | €2,441 | -€37,615 | -93.9% |
| Recurring financial income | 75 | €40,056 | €2,441 | -€37,615 | -93.9% |
| Financial charges | 65/66B | €336 | €145 | -€191 | -56.8% |
| Recurring financial charges | 65 | €336 | €145 | -€191 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | €251,798 | €237,039 | -€14,759 | -5.9% |
| Income taxes | 67/77 | €54,401 | €58,452 | +€4,051 | +7.4% |
| Profit (loss) for the period | 9904 | €197,397 | €178,587 | -€18,810 | -9.5% |
| Transfer from tax-exempt reserves | 789 | - | €79,990 | +€79,990 | |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €197,397 | €195,427 | -€1,970 | -1.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.