KPMI: 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.
KPMI
Largest movements
- Receivables within one year +€391,333
up €391,333 (+129%), from €302,500 to €693,833
- Cash -€375,006
down €375,006 (-64.6%), from €580,474 to €205,469
mainly Contributions, distributions and other (-€556,650) and Receivables within one year (-€391,333)
- Tangible fixed assets -€128,323
down €128,323 (-12.6%), from €1.0m to €889,365
of which Land and buildings: -€81,912
- Other debts -€232,677
down €232,677 (-20.6%), from €1.1m to €897,445
- Reserves +€193,948
up €193,948 (+32.8%), from €591,542 to €785,490
of which Distributable reserves: +€202,096
- Debts after one year -€53,513
down €53,513 (-6.7%), from €792,868 to €739,355
- Gross operating margin +€480,190
up €480,190 (+73.1%), from €656,638 to €1.1m
- Taxes +€119,931
up €119,931 (+90.6%), from €132,324 to €252,255
- Financial income +€53,898
up €53,898 (+333%), from €16,203 to €70,101
- Depreciation +€36,484
up €36,484 (+36.3%), from €100,638 to €137,122
- Financial charges +€33,514
up €33,514 (+108%), from €31,033 to €64,547
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.
Derived cash bridge
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 | €2,733,516 | €2,634,965 | -€98,551 | -3.6% |
| Fixed assets | 21/28 | €1,017,688 | €889,365 | -€128,323 | -12.6% |
| Tangible fixed assets | 22/27 | €1,017,688 | €889,365 | -€128,323 | -12.6% |
| Land and buildings | 22 | €844,216 | €762,304 | -€81,912 | -9.7% |
| Furniture and vehicles | 24 | €173,472 | €127,061 | -€46,411 | -26.8% |
| Current assets | 29/58 | €1,715,828 | €1,745,600 | +€29,773 | +1.7% |
| Amounts receivable within one year | 40/41 | €302,500 | €693,833 | +€391,333 | +129% |
| Trade receivables | 40 | €302,500 | €693,833 | +€391,333 | +129% |
| Current investments | 50/53 | €830,244 | €843,815 | +€13,571 | +1.6% |
| Cash at bank and in hand | 54/58 | €580,474 | €205,469 | -€375,006 | -64.6% |
| Deferred charges and accrued income | 490/1 | €2,609 | €2,483 | -€126 | -4.8% |
| Total equity and liabilities | 10/49 | €2,733,516 | €2,634,965 | -€98,551 | -3.6% |
| Equity | 10/15 | €596,542 | €790,490 | +€193,948 | +32.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €591,542 | €785,490 | +€193,948 | +32.8% |
| Tax-exempt reserves | 132 | €185,240 | €177,092 | -€8,148 | -4.4% |
| Distributable reserves | 133 | €406,302 | €608,398 | +€202,096 | +49.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,136,974 | €1,844,476 | -€292,498 | -13.7% |
| Amounts payable after more than one year | 17 | €792,868 | €739,355 | -€53,513 | -6.7% |
| Financial debts | 170/4 | €792,868 | €739,355 | -€53,513 | -6.7% |
| Amounts payable within one year | 42/48 | €1,344,106 | €1,096,844 | -€247,262 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €51,948 | €53,513 | +€1,565 | +3.0% |
| Financial debts | 43 | €19,408 | €19,409 | +€1 | 0.0% |
| Credit institutions | 430/8 | €19,408 | €19,409 | +€1 | 0.0% |
| Trade debts | 44 | €6,321 | €2,138 | -€4,184 | -66.2% |
| Suppliers | 440/4 | €6,321 | €2,138 | -€4,184 | -66.2% |
| Taxes, remuneration and social security | 45 | €136,308 | €124,339 | -€11,968 | -8.8% |
| Taxes | 450/3 | €136,308 | €124,339 | -€11,968 | -8.8% |
| Other amounts payable | 47/48 | €1,130,121 | €897,445 | -€232,677 | -20.6% |
| Accrued charges and deferred income | 492/3 | - | €8,277 | +€8,277 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,638 | €137,122 | +€36,484 | +36.3% |
| Other operating charges | 640/8 | €2,545 | €2,408 | -€137 | -5.4% |
| Gross operating margin | 9900 | €656,638 | €1,136,829 | +€480,190 | +73.1% |
| Operating profit (loss) | 9901 | €553,456 | €997,299 | +€443,844 | +80.2% |
| Financial income | 75/76B | €16,203 | €70,101 | +€53,898 | +333% |
| Recurring financial income | 75 | €16,203 | €70,101 | +€53,898 | +333% |
| Financial charges | 65/66B | €31,033 | €64,547 | +€33,514 | +108% |
| Recurring financial charges | 65 | €31,033 | €64,547 | +€33,514 | +108% |
| Profit (loss) for the period before taxes | 9903 | €538,626 | €1,002,853 | +€464,227 | +86.2% |
| Income taxes | 67/77 | €132,324 | €252,255 | +€119,931 | +90.6% |
| Profit (loss) for the period | 9904 | €406,302 | €750,598 | +€344,296 | +84.7% |
| Transfer from tax-exempt reserves | 789 | - | €8,148 | +€8,148 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €406,302 | €758,746 | +€352,444 | +86.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.