KPMB: 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.
KPMB
Largest movements
- Receivables within one year -€778,160
down €778,160 (-27.0%), from €2.9m to €2.1m
of which Trade receivables: -€769,042
- Cash +€238,976
up €238,976 (+13.5%), from €1.8m to €2.0m
mainly Other debts (+€900,440) and Receivables within one year (+€778,160)
- Stocks and contracts -€228,459
down €228,459 (-20.4%), from €1.1m to €890,991
- Other debts +€900,440
up €900,440 (+405%), from €222,161 to €1.1m
- Reserves -€569,909
down €569,909 (-26.0%), from €2.2m to €1.6m
of which Distributable reserves: -€569,909
- Short-term financial debts -€564,485
no longer reported in 2024 (was €564,485)
- Trade debts -€535,814
down €535,814 (-23.5%), from €2.3m to €1.7m
- Gross operating margin -€484,020
down €484,020 (-36.7%), from €1.3m to €833,309
- Taxes -€135,982
down €135,982 (-58.3%), from €233,365 to €97,383
- Staff costs +€48,139
up €48,139 (+15.4%), from €312,262 to €360,401
- Write-downs +€28,063
up €28,063 (+166%), from €16,932 to €44,994
- Depreciation -€14,244
down €14,244 (-30.5%), from €46,737 to €32,493
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,916,717 | €5,088,099 | -€828,618 | -14.0% |
| Fixed assets | 21/28 | €133,195 | €75,761 | -€57,434 | -43.1% |
| Tangible fixed assets | 22/27 | €133,195 | €75,761 | -€57,434 | -43.1% |
| Plant, machinery and equipment | 23 | €66,105 | €45,625 | -€20,480 | -31.0% |
| Furniture and vehicles | 24 | €67,090 | €30,136 | -€36,954 | -55.1% |
| Current assets | 29/58 | €5,783,522 | €5,012,338 | -€771,184 | -13.3% |
| Stocks and contracts in progress | 3 | €1,119,450 | €890,991 | -€228,459 | -20.4% |
| Stocks | 30/36 | €1,119,450 | €890,991 | -€228,459 | -20.4% |
| Amounts receivable within one year | 40/41 | €2,883,093 | €2,104,933 | -€778,160 | -27.0% |
| Trade receivables | 40 | €2,838,654 | €2,069,612 | -€769,042 | -27.1% |
| Other amounts receivable | 41 | €44,439 | €35,321 | -€9,118 | -20.5% |
| Cash at bank and in hand | 54/58 | €1,771,424 | €2,010,400 | +€238,976 | +13.5% |
| Deferred charges and accrued income | 490/1 | €9,555 | €6,013 | -€3,542 | -37.1% |
| Total equity and liabilities | 10/49 | €5,916,717 | €5,088,099 | -€828,618 | -14.0% |
| Equity | 10/15 | €2,487,988 | €1,918,080 | -€569,909 | -22.9% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €2,187,988 | €1,618,080 | -€569,909 | -26.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €2,157,988 | €1,588,080 | -€569,909 | -26.4% |
| Amounts payable | 17/49 | €3,428,728 | €3,170,019 | -€258,709 | -7.5% |
| Amounts payable after more than one year | 17 | €84,312 | €36,905 | -€47,406 | -56.2% |
| Financial debts | 170/4 | €84,312 | €36,905 | -€47,406 | -56.2% |
| Amounts payable within one year | 42/48 | €3,299,812 | €3,109,632 | -€190,180 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €34,476 | €26,543 | -€7,933 | -23.0% |
| Financial debts | 43 | €564,485 | - | -€564,485 | |
| Credit institutions | 430/8 | €564,485 | - | -€564,485 | |
| Trade debts | 44 | €2,282,903 | €1,747,088 | -€535,814 | -23.5% |
| Suppliers | 440/4 | €2,282,903 | €1,747,088 | -€535,814 | -23.5% |
| Taxes, remuneration and social security | 45 | €195,787 | €213,399 | +€17,613 | +9.0% |
| Taxes | 450/3 | €168,284 | €178,917 | +€10,633 | +6.3% |
| Remuneration and social security | 454/9 | €27,502 | €34,482 | +€6,980 | +25.4% |
| Other amounts payable | 47/48 | €222,161 | €1,122,601 | +€900,440 | +405% |
| Accrued charges and deferred income | 492/3 | €44,605 | €23,482 | -€21,122 | -47.4% |
| Remuneration, social security and pensions | 62 | €312,262 | €360,401 | +€48,139 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,737 | €32,493 | -€14,244 | -30.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,932 | €44,994 | +€28,063 | +166% |
| Other operating charges | 640/8 | €5,763 | €4,272 | -€1,491 | -25.9% |
| Non-recurring operating charges | 66A | - | €7,573 | +€7,573 | |
| Gross operating margin | 9900 | €1,317,330 | €833,309 | -€484,020 | -36.7% |
| Operating profit (loss) | 9901 | €935,636 | €383,576 | -€552,060 | -59.0% |
| Financial income | 75/76B | €24,313 | €30,025 | +€5,712 | +23.5% |
| Recurring financial income | 75 | €24,313 | €30,025 | +€5,712 | +23.5% |
| Financial charges | 65/66B | €45,710 | €36,127 | -€9,582 | -21.0% |
| Recurring financial charges | 65 | €45,710 | €36,127 | -€9,582 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €914,240 | €377,474 | -€536,766 | -58.7% |
| Income taxes | 67/77 | €233,365 | €97,383 | -€135,982 | -58.3% |
| Profit (loss) for the period | 9904 | €680,875 | €280,091 | -€400,784 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €680,875 | €280,091 | -€400,784 | -58.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.