KTRM Management: 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.
KTRM Management
Largest movements
- Tangible fixed assets +€5,170
new in 2025: €5,170
- Cash -€5,155
down €5,155 (-68.4%), from €7,542 to €2,387
mainly Debts after one year (-€63,099) and Investment in fixed assets (net) (-€5,364)
- Debts after one year -€63,099
down €63,099 (-21.2%), from €297,634 to €234,536
- Other debts +€47,146
up €47,146 (+68.2%), from €69,165 to €116,311
- Reserves +€14,536
up €14,536 (+53.7%), from €27,050 to €41,586
- Gross operating margin -€6,130
down €6,130 (-13.5%), from €45,447 to €39,318
- Taxes -€2,113
down €2,113 (-20.1%), from €10,496 to €8,383
- Financial charges -€731
down €731 (-4.5%), from €16,222 to €15,491
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 | €483,854 | €481,326 | -€2,528 | -0.5% |
| Fixed assets | 21/28 | €473,000 | €478,170 | +€5,170 | +1.1% |
| Tangible fixed assets | 22/27 | - | €5,170 | +€5,170 | |
| Furniture and vehicles | 24 | - | €5,170 | +€5,170 | |
| Financial fixed assets | 28 | €473,000 | €473,000 | = | 0.0% |
| Current assets | 29/58 | €10,854 | €3,156 | -€7,698 | -70.9% |
| Amounts receivable within one year | 40/41 | €18 | €3 | -€14 | -81.2% |
| Other amounts receivable | 41 | €18 | €3 | -€14 | -81.2% |
| Cash at bank and in hand | 54/58 | €7,542 | €2,387 | -€5,155 | -68.4% |
| Deferred charges and accrued income | 490/1 | €3,294 | €766 | -€2,529 | -76.8% |
| Total equity and liabilities | 10/49 | €483,854 | €481,326 | -€2,528 | -0.5% |
| Equity | 10/15 | €42,050 | €56,586 | +€14,536 | +34.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €27,050 | €41,586 | +€14,536 | +53.7% |
| Distributable reserves | 133 | €27,050 | €41,586 | +€14,536 | +53.7% |
| Amounts payable | 17/49 | €441,804 | €424,740 | -€17,064 | -3.9% |
| Amounts payable after more than one year | 17 | €297,634 | €234,536 | -€63,099 | -21.2% |
| Financial debts | 170/4 | €297,634 | €234,536 | -€63,099 | -21.2% |
| Amounts payable within one year | 42/48 | €142,818 | €188,834 | +€46,016 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €60,754 | €63,099 | +€2,344 | +3.9% |
| Trade debts | 44 | - | €253 | +€253 | |
| Suppliers | 440/4 | - | €253 | +€253 | |
| Taxes, remuneration and social security | 45 | €12,898 | €9,171 | -€3,727 | -28.9% |
| Taxes | 450/3 | €12,898 | €9,171 | -€3,727 | -28.9% |
| Other amounts payable | 47/48 | €69,165 | €116,311 | +€47,146 | +68.2% |
| Accrued charges and deferred income | 492/3 | €1,352 | €1,370 | +€18 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €194 | +€194 | |
| Other operating charges | 640/8 | €579 | €714 | +€135 | +23.4% |
| Gross operating margin | 9900 | €45,447 | €39,318 | -€6,130 | -13.5% |
| Operating profit (loss) | 9901 | €44,869 | €38,410 | -€6,459 | -14.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €16,222 | €15,491 | -€731 | -4.5% |
| Recurring financial charges | 65 | €16,222 | €15,491 | -€731 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €28,647 | €22,919 | -€5,728 | -20.0% |
| Income taxes | 67/77 | €10,496 | €8,383 | -€2,113 | -20.1% |
| Profit (loss) for the period | 9904 | €18,150 | €14,536 | -€3,614 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,150 | €14,536 | -€3,614 | -19.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.