kpM: what changed
kpM
Largest movements
- Cash -€27,458
down €27,458 (-21.8%), from €125,861 to €98,403
mainly Tax, wage and social debts (-€21,857) and Debts after one year (-€15,438)
- Tangible fixed assets -€17,709
down €17,709 (-8.8%), from €201,674 to €183,964
of which Furniture and vehicles: -€11,403
- Receivables within one year +€13,555
up €13,555 (+455%), from €2,980 to €16,536
of which Trade receivables: +€10,947
- Tax, wage and social debts -€21,857
down €21,857 (-73.1%), from €29,881 to €8,024
of which Taxes: -€21,857
- Debts after one year -€15,438
down €15,438 (-53.5%), from €28,843 to €13,405
- Reserves +€10,318
up €10,318 (+4.2%), from €245,514 to €255,832
- Current portion of long-term debt -€3,762
down €3,762 (-19.6%), from €19,200 to €15,438
- Gross operating margin -€13,783
down €13,783 (-22.9%), from €60,270 to €46,487
- Taxes -€2,044
down €2,044 (-22.7%), from €9,020 to €6,976
- Depreciation -€1,523
down €1,523 (-5.6%), from €27,182 to €25,659
- Financial charges -€919
down €919 (-32.8%), from €2,804 to €1,885
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €330,515 | €298,903 | -€31,612 | -9.6% |
| Fixed assets | 21/28 | €201,674 | €183,964 | -€17,709 | -8.8% |
| Tangible fixed assets | 22/27 | €201,674 | €183,964 | -€17,709 | -8.8% |
| Land and buildings | 22 | €94,207 | €87,900 | -€6,307 | -6.7% |
| Furniture and vehicles | 24 | €107,467 | €96,064 | -€11,403 | -10.6% |
| Current assets | 29/58 | €128,842 | €114,939 | -€13,903 | -10.8% |
| Amounts receivable within one year | 40/41 | €2,980 | €16,536 | +€13,555 | +455% |
| Trade receivables | 40 | - | €10,947 | +€10,947 | |
| Other amounts receivable | 41 | €2,980 | €5,589 | +€2,609 | +87.5% |
| Cash at bank and in hand | 54/58 | €125,861 | €98,403 | -€27,458 | -21.8% |
| Total equity and liabilities | 10/49 | €330,515 | €298,903 | -€31,612 | -9.6% |
| Equity | 10/15 | €251,714 | €262,032 | +€10,318 | +4.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €245,514 | €255,832 | +€10,318 | +4.2% |
| Distributable reserves | 133 | €245,514 | €255,832 | +€10,318 | +4.2% |
| Amounts payable | 17/49 | €78,801 | €36,871 | -€41,930 | -53.2% |
| Amounts payable after more than one year | 17 | €28,843 | €13,405 | -€15,438 | -53.5% |
| Financial debts | 170/4 | €28,843 | €13,405 | -€15,438 | -53.5% |
| Amounts payable within one year | 42/48 | €49,958 | €23,466 | -€26,492 | -53.0% |
| Current portion of amounts payable after more than one year | 42 | €19,200 | €15,438 | -€3,762 | -19.6% |
| Trade debts | 44 | €873 | - | -€873 | |
| Suppliers | 440/4 | €873 | - | -€873 | |
| Taxes, remuneration and social security | 45 | €29,881 | €8,024 | -€21,857 | -73.1% |
| Taxes | 450/3 | €27,600 | €5,744 | -€21,857 | -79.2% |
| Remuneration and social security | 454/9 | €2,281 | €2,281 | = | 0.0% |
| Other amounts payable | 47/48 | €4 | €4 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,182 | €25,659 | -€1,523 | -5.6% |
| Other operating charges | 640/8 | €1,590 | €1,649 | +€60 | +3.8% |
| Gross operating margin | 9900 | €60,270 | €46,487 | -€13,783 | -22.9% |
| Operating profit (loss) | 9901 | €31,498 | €19,178 | -€12,320 | -39.1% |
| Financial income | 75/76B | €442 | - | -€442 | |
| Recurring financial income | 75 | €442 | - | -€442 | |
| Financial charges | 65/66B | €2,804 | €1,885 | -€919 | -32.8% |
| Recurring financial charges | 65 | €2,804 | €1,885 | -€919 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €29,137 | €17,294 | -€11,843 | -40.6% |
| Income taxes | 67/77 | €9,020 | €6,976 | -€2,044 | -22.7% |
| Profit (loss) for the period | 9904 | €20,117 | €10,318 | -€9,799 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,117 | €10,318 | -€9,799 | -48.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.