KTMDM: 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.
KTMDM
Largest movements
- Receivables within one year +€54,405
up €54,405 (+628%), from €8,669 to €63,074
of which Other amounts receivable: +€57,935
- Current investments +€25,375
up €25,375 (+134%), from €18,930 to €44,305
- Tangible fixed assets +€21,993
up €21,993 (+63.5%), from €34,661 to €56,655
of which Land and buildings: +€24,318
- Cash -€20,815
down €20,815 (-16.5%), from €126,492 to €105,677
mainly Receivables within one year (-€54,405) and Contributions, distributions and other (-€30,000)
- Other debts +€30,000
new in 2025: €30,000
- Reserves +€28,632
up €28,632 (+18.0%), from €158,694 to €187,326
- Tax, wage and social debts +€23,181
up €23,181 (+100%), from €23,069 to €46,250
- Gross operating margin +€8,278
up €8,278 (+10.0%), from €82,614 to €90,892
- Other operating charges +€4,800
up €4,800 (+6,400%), from €75 to €4,875
- Depreciation +€2,465
up €2,465 (+48.4%), from €5,089 to €7,555
- Financial income +€2,192
up €2,192 (+148%), from €1,486 to €3,678
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 | €189,305 | €270,001 | +€80,697 | +42.6% |
| Formation expenses | 20 | €552 | €291 | -€261 | -47.3% |
| Fixed assets | 21/28 | €34,661 | €56,655 | +€21,993 | +63.5% |
| Tangible fixed assets | 22/27 | €34,661 | €56,655 | +€21,993 | +63.5% |
| Land and buildings | 22 | €30,323 | €54,640 | +€24,318 | +80.2% |
| Plant, machinery and equipment | 23 | €688 | €498 | -€190 | -27.6% |
| Furniture and vehicles | 24 | €3,650 | €1,516 | -€2,134 | -58.5% |
| Current assets | 29/58 | €154,092 | €213,056 | +€58,965 | +38.3% |
| Amounts receivable within one year | 40/41 | €8,669 | €63,074 | +€54,405 | +628% |
| Trade receivables | 40 | €4,021 | €491 | -€3,530 | -87.8% |
| Other amounts receivable | 41 | €4,649 | €62,584 | +€57,935 | +1,246% |
| Current investments | 50/53 | €18,930 | €44,305 | +€25,375 | +134% |
| Cash at bank and in hand | 54/58 | €126,492 | €105,677 | -€20,815 | -16.5% |
| Total equity and liabilities | 10/49 | €189,305 | €270,001 | +€80,697 | +42.6% |
| Equity | 10/15 | €163,694 | €192,326 | +€28,632 | +17.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €158,694 | €187,326 | +€28,632 | +18.0% |
| Distributable reserves | 133 | €158,694 | €187,326 | +€28,632 | +18.0% |
| Amounts payable | 17/49 | €25,611 | €77,676 | +€52,065 | +203% |
| Amounts payable within one year | 42/48 | €25,611 | €76,567 | +€50,956 | +199% |
| Trade debts | 44 | €2,542 | €316 | -€2,225 | -87.5% |
| Suppliers | 440/4 | €2,542 | €316 | -€2,225 | -87.5% |
| Taxes, remuneration and social security | 45 | €23,069 | €46,250 | +€23,181 | +100% |
| Taxes | 450/3 | €23,069 | €46,250 | +€23,181 | +100% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Accrued charges and deferred income | 492/3 | - | €1,109 | +€1,109 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,089 | €7,555 | +€2,465 | +48.4% |
| Other operating charges | 640/8 | €75 | €4,875 | +€4,800 | +6,400% |
| Gross operating margin | 9900 | €82,614 | €90,892 | +€8,278 | +10.0% |
| Operating profit (loss) | 9901 | €77,450 | €78,463 | +€1,012 | +1.3% |
| Financial income | 75/76B | €1,486 | €3,678 | +€2,192 | +148% |
| Recurring financial income | 75 | €1,486 | €3,678 | +€2,192 | +148% |
| Financial charges | 65/66B | €311 | €161 | -€150 | -48.3% |
| Recurring financial charges | 65 | €311 | €161 | -€150 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | €78,625 | €81,980 | +€3,355 | +4.3% |
| Income taxes | 67/77 | €22,848 | €23,348 | +€499 | +2.2% |
| Profit (loss) for the period | 9904 | €55,777 | €58,632 | +€2,855 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,777 | €58,632 | +€2,855 | +5.1% |
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 26 October 2026 via checked.be.