KMV 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.
KMV CONSTRUCT
Largest movements
- Cash -€16,194
down €16,194 (-49.1%), from €33,012 to €16,818
mainly Net result for the year (-€31,911) and Investment in fixed assets (net) (-€4,422)
- Receivables within one year -€6,602
down €6,602 (-16.9%), from €38,990 to €32,388
of which Other amounts receivable: -€4,649
- Profit (loss) carried forward -€31,911
down €31,911 (-54.8%), from €58,257 to €26,347
- Trade debts +€9,568
up €9,568 (+112.6%), from €8,494 to €18,062
- Other debts -€1,265
no longer reported in 2025 (was €1,265)
- Gross operating margin -€47,251
down €47,251, from €28,361 to -€18,890
- Purchases and services +€25,007
up €25,007 (+5.3%), from €473,648 to €498,656
- Turnover -€21,687
down €21,687 (-4.5%), from €486,695 to €465,008
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 | €81,763 | €58,544 | -€23,218 | -28.4% |
| Fixed assets | 21/28 | €6,399 | €6,658 | +€259 | +4.0% |
| Tangible fixed assets | 22/27 | €6,399 | €6,658 | +€259 | +4.0% |
| Furniture and vehicles | 24 | €6,399 | €6,658 | +€259 | +4.0% |
| Current assets | 29/58 | €75,364 | €51,886 | -€23,477 | -31.2% |
| Amounts receivable within one year | 40/41 | €38,990 | €32,388 | -€6,602 | -16.9% |
| Trade receivables | 40 | €29,063 | €27,110 | -€1,953 | -6.7% |
| Other amounts receivable | 41 | €9,927 | €5,278 | -€4,649 | -46.8% |
| Cash at bank and in hand | 54/58 | €33,012 | €16,818 | -€16,194 | -49.1% |
| Deferred charges and accrued income | 490/1 | €3,362 | €2,680 | -€682 | -20.3% |
| Total equity and liabilities | 10/49 | €81,763 | €58,544 | -€23,218 | -28.4% |
| Equity | 10/15 | €66,317 | €34,407 | -€31,911 | -48.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,257 | €26,347 | -€31,911 | -54.8% |
| Amounts payable | 17/49 | €15,445 | €24,137 | +€8,692 | +56.3% |
| Amounts payable within one year | 42/48 | €15,445 | €24,137 | +€8,692 | +56.3% |
| Trade debts | 44 | €8,494 | €18,062 | +€9,568 | +112.6% |
| Suppliers | 440/4 | €8,494 | €18,062 | +€9,568 | +112.6% |
| Taxes, remuneration and social security | 45 | €5,686 | €6,075 | +€389 | +6.8% |
| Taxes | 450/3 | €5,686 | €6,075 | +€389 | +6.8% |
| Other amounts payable | 47/48 | €1,265 | - | -€1,265 | |
| Turnover | 70 | €486,695 | €465,008 | -€21,687 | -4.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €473,648 | €498,656 | +€25,007 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,005 | €4,163 | +€3,158 | +314.3% |
| Other operating charges | 640/8 | €6,419 | €6,048 | -€370 | -5.8% |
| Gross operating margin | 9900 | €28,361 | -€18,890 | -€47,251 | |
| Operating profit (loss) | 9901 | €20,938 | -€29,101 | -€50,039 | |
| Financial income | 75/76B | €22 | - | -€22 | |
| Recurring financial income | 75 | €22 | - | -€22 | |
| Financial charges | 65/66B | €3,801 | €1,574 | -€2,227 | -58.6% |
| Recurring financial charges | 65 | €3,801 | €1,574 | -€2,227 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | €17,159 | -€30,675 | -€47,834 | |
| Income taxes | 67/77 | €5,294 | €1,235 | -€4,058 | -76.7% |
| Profit (loss) for the period | 9904 | €11,865 | -€31,911 | -€43,776 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,865 | -€31,911 | -€43,776 |
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.