KPM MANAGEMENT: 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.
KPM MANAGEMENT
Largest movements
- Tangible fixed assets -€37,433
down €37,433 (-8.2%), from €455,544 to €418,110
of which Land and buildings: -€32,946
- Receivables within one year -€20,486
down €20,486 (-11.2%), from €182,494 to €162,009
of which Trade receivables: -€13,984
- Other debts -€34,803
down €34,803 (-62.8%), from €55,438 to €20,636
- Debts after one year -€26,385
down €26,385 (-4.6%), from €572,998 to €546,613
- Trade debts -€23,576
down €23,576 (-71.9%), from €32,811 to €9,234
- Profit (loss) carried forward +€22,098
up €22,098 (+61.2%), from €36,113 to €58,211
- Gross operating margin +€25,610
up €25,610 (+51.4%), from €49,867 to €75,476
- Depreciation -€11,583
down €11,583 (-23.6%), from €49,017 to €37,433
- Financial charges -€6,733
down €6,733 (-43.7%), from €15,413 to €8,681
- Taxes +€1,956
up €1,956 (+753.2%), from €260 to €2,216
- Other operating charges +€824
up €824 (+19.5%), from €4,225 to €5,048
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 | €773,488 | €715,797 | -€57,691 | -7.5% |
| Fixed assets | 21/28 | €466,504 | €429,070 | -€37,433 | -8.0% |
| Tangible fixed assets | 22/27 | €455,544 | €418,110 | -€37,433 | -8.2% |
| Land and buildings | 22 | €439,409 | €406,463 | -€32,946 | -7.5% |
| Furniture and vehicles | 24 | €4,322 | €2,738 | -€1,584 | -36.6% |
| Other tangible fixed assets | 26 | €11,813 | €8,909 | -€2,904 | -24.6% |
| Financial fixed assets | 28 | €10,960 | €10,960 | = | 0.0% |
| Current assets | 29/58 | €306,984 | €286,726 | -€20,258 | -6.6% |
| Amounts receivable within one year | 40/41 | €182,494 | €162,009 | -€20,486 | -11.2% |
| Trade receivables | 40 | €171,209 | €157,224 | -€13,984 | -8.2% |
| Other amounts receivable | 41 | €11,286 | €4,784 | -€6,501 | -57.6% |
| Current investments | 50/53 | €123,529 | €123,529 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €961 | €1,188 | +€228 | +23.7% |
| Total equity and liabilities | 10/49 | €773,488 | €715,797 | -€57,691 | -7.5% |
| Equity | 10/15 | €69,113 | €91,211 | +€22,098 | +32.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €13,000 | €13,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,113 | €58,211 | +€22,098 | +61.2% |
| Amounts payable | 17/49 | €704,375 | €624,585 | -€79,790 | -11.3% |
| Amounts payable after more than one year | 17 | €572,998 | €546,613 | -€26,385 | -4.6% |
| Financial debts | 170/4 | €572,998 | €546,613 | -€26,385 | -4.6% |
| Amounts payable within one year | 42/48 | €131,378 | €77,972 | -€53,405 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €43,101 | €47,940 | +€4,839 | +11.2% |
| Trade debts | 44 | €32,811 | €9,234 | -€23,576 | -71.9% |
| Suppliers | 440/4 | €32,811 | €9,234 | -€23,576 | -71.9% |
| Taxes, remuneration and social security | 45 | €28 | €163 | +€135 | +483.6% |
| Taxes | 450/3 | €28 | €163 | +€135 | +483.6% |
| Other amounts payable | 47/48 | €55,438 | €20,636 | -€34,803 | -62.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,017 | €37,433 | -€11,583 | -23.6% |
| Other operating charges | 640/8 | €4,225 | €5,048 | +€824 | +19.5% |
| Gross operating margin | 9900 | €49,867 | €75,476 | +€25,610 | +51.4% |
| Operating profit (loss) | 9901 | -€3,375 | €32,995 | +€36,369 | |
| Financial charges | 65/66B | €15,413 | €8,681 | -€6,733 | -43.7% |
| Recurring financial charges | 65 | €15,413 | €8,681 | -€6,733 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,788 | €24,314 | +€43,102 | |
| Income taxes | 67/77 | €260 | €2,216 | +€1,956 | +753.2% |
| Profit (loss) for the period | 9904 | -€19,047 | €22,098 | +€41,146 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,047 | €22,098 | +€41,146 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.