KTMD: 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.
KTMD
Largest movements
- Receivables within one year +€12,882
up €12,882 (+4.5%), from €287,486 to €300,369
of which Trade receivables: +€11,970
- Cash +€4,139
up €4,139 (+44.6%), from €9,283 to €13,421
mainly Trade debts (+€33,969) and Net result for the year (+€5,731)
- Trade debts +€33,969
up €33,969 (+15.8%), from €215,324 to €249,293
- Other debts -€16,131
down €16,131 (-38.1%), from €42,343 to €26,212
- Tax, wage and social debts -€8,502
down €8,502 (-17.4%), from €48,981 to €40,479
of which Remuneration and social security: -€4,353
- Profit (loss) carried forward +€5,731
up €5,731 (+11.6%), from -€49,607 to -€43,877
- Staff costs +€11,540
up €11,540 (+13.7%), from €84,385 to €95,925
- Gross operating margin +€5,164
up €5,164 (+5.0%), from €103,780 to €108,945
- Depreciation -€4,275
down €4,275 (-59.2%), from €7,219 to €2,944
- Other operating charges +€1,185
up €1,185 (+75.2%), from €1,576 to €2,761
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 | €304,354 | €319,422 | +€15,068 | +5.0% |
| Fixed assets | 21/28 | €7,585 | €5,632 | -€1,953 | -25.7% |
| Tangible fixed assets | 22/27 | €7,072 | €5,119 | -€1,953 | -27.6% |
| Furniture and vehicles | 24 | €7,072 | €5,119 | -€1,953 | -27.6% |
| Financial fixed assets | 28 | €513 | €513 | = | 0.0% |
| Current assets | 29/58 | €296,769 | €313,790 | +€17,021 | +5.7% |
| Amounts receivable within one year | 40/41 | €287,486 | €300,369 | +€12,882 | +4.5% |
| Trade receivables | 40 | €287,486 | €299,457 | +€11,970 | +4.2% |
| Other amounts receivable | 41 | - | €912 | +€912 | |
| Cash at bank and in hand | 54/58 | €9,283 | €13,421 | +€4,139 | +44.6% |
| Total equity and liabilities | 10/49 | €304,354 | €319,422 | +€15,068 | +5.0% |
| Equity | 10/15 | -€2,359 | €3,371 | +€5,731 | |
| Contributions | 10/11 | €43,400 | €43,400 | = | 0.0% |
| Reserves | 13 | €3,848 | €3,848 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,989 | €1,989 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,607 | -€43,877 | +€5,731 | +11.6% |
| Amounts payable | 17/49 | €306,714 | €316,051 | +€9,337 | +3.0% |
| Amounts payable within one year | 42/48 | €306,648 | €315,984 | +€9,336 | +3.0% |
| Trade debts | 44 | €215,324 | €249,293 | +€33,969 | +15.8% |
| Suppliers | 440/4 | €215,324 | €249,293 | +€33,969 | +15.8% |
| Taxes, remuneration and social security | 45 | €48,981 | €40,479 | -€8,502 | -17.4% |
| Taxes | 450/3 | €26,358 | €22,209 | -€4,149 | -15.7% |
| Remuneration and social security | 454/9 | €22,623 | €18,270 | -€4,353 | -19.2% |
| Other amounts payable | 47/48 | €42,343 | €26,212 | -€16,131 | -38.1% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Remuneration, social security and pensions | 62 | €84,385 | €95,925 | +€11,540 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,219 | €2,944 | -€4,275 | -59.2% |
| Other operating charges | 640/8 | €1,576 | €2,761 | +€1,185 | +75.2% |
| Gross operating margin | 9900 | €103,780 | €108,945 | +€5,164 | +5.0% |
| Operating profit (loss) | 9901 | €10,600 | €7,315 | -€3,286 | -31.0% |
| Financial income | 75/76B | €0 | €491 | +€491 | +4912700.0% |
| Recurring financial income | 75 | €0 | €491 | +€491 | +4912700.0% |
| Financial charges | 65/66B | €1,372 | €2,075 | +€703 | +51.3% |
| Recurring financial charges | 65 | €1,372 | €2,075 | +€703 | +51.3% |
| Profit (loss) for the period before taxes | 9903 | €9,229 | €5,731 | -€3,498 | -37.9% |
| Profit (loss) for the period | 9904 | €9,229 | €5,731 | -€3,498 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,229 | €5,731 | -€3,498 | -37.9% |
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 10 October 2026 via checked.be.