L&M Kitwerken: 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.
L&M Kitwerken
Largest movements
- Receivables after one year +€73,148
new in 2025: €73,148
- Receivables within one year -€35,524
down €35,524 (-37.6%), from €94,400 to €58,876
of which Other amounts receivable: -€52,430
- Cash +€18,509
up €18,509 (+2,361%), from €784 to €19,293
mainly Net result for the year (+€42,661) and Receivables within one year (+€35,524)
- Deferred charges and accrued income +€10,327
new in 2025: €10,327
- Reserves +€42,661
up €42,661 (+74.2%), from €57,516 to €100,177
- Accrued charges and deferred income +€23,105
new in 2025: €23,105
- Trade debts -€6,687
down €6,687 (-39.7%), from €16,834 to €10,147
- Tax, wage and social debts +€5,879
up €5,879 (+28.0%), from €21,011 to €26,890
of which Taxes: +€7,309
- Staff costs +€38,991
up €38,991 (+184%), from €21,197 to €60,188
- Gross operating margin +€22,813
up €22,813 (+22.3%), from €102,375 to €125,188
- Taxes -€4,340
down €4,340 (-22.2%), from €19,582 to €15,242
- Financial charges +€1,848
up €1,848 (+84.6%), from €2,185 to €4,033
of which Non-recurring financial charges: +€1,784
- Financial income -€1,684
down €1,684 (-99.9%), from €1,685 to €1
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 | €99,361 | €164,319 | +€64,958 | +65.4% |
| Fixed assets | 21/28 | €4,177 | €2,675 | -€1,502 | -36.0% |
| Tangible fixed assets | 22/27 | €4,177 | €2,675 | -€1,502 | -36.0% |
| Furniture and vehicles | 24 | €4,177 | €2,675 | -€1,502 | -36.0% |
| Current assets | 29/58 | €95,184 | €161,644 | +€66,460 | +69.8% |
| Amounts receivable after more than one year | 29 | - | €73,148 | +€73,148 | |
| Other amounts receivable | 291 | - | €73,148 | +€73,148 | |
| Amounts receivable within one year | 40/41 | €94,400 | €58,876 | -€35,524 | -37.6% |
| Trade receivables | 40 | €35,318 | €52,224 | +€16,906 | +47.9% |
| Other amounts receivable | 41 | €59,082 | €6,652 | -€52,430 | -88.7% |
| Cash at bank and in hand | 54/58 | €784 | €19,293 | +€18,509 | +2,361% |
| Deferred charges and accrued income | 490/1 | - | €10,327 | +€10,327 | |
| Total equity and liabilities | 10/49 | €99,361 | €164,319 | +€64,958 | +65.4% |
| Equity | 10/15 | €61,516 | €104,177 | +€42,661 | +69.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €57,516 | €100,177 | +€42,661 | +74.2% |
| Distributable reserves | 133 | €57,516 | €100,177 | +€42,661 | +74.2% |
| Amounts payable | 17/49 | €37,845 | €60,142 | +€22,297 | +58.9% |
| Amounts payable within one year | 42/48 | €37,845 | €37,037 | -€808 | -2.1% |
| Trade debts | 44 | €16,834 | €10,147 | -€6,687 | -39.7% |
| Suppliers | 440/4 | €16,834 | €10,147 | -€6,687 | -39.7% |
| Taxes, remuneration and social security | 45 | €21,011 | €26,890 | +€5,879 | +28.0% |
| Taxes | 450/3 | €19,581 | €26,890 | +€7,309 | +37.3% |
| Remuneration and social security | 454/9 | €1,430 | - | -€1,430 | |
| Accrued charges and deferred income | 492/3 | - | €23,105 | +€23,105 | |
| Remuneration, social security and pensions | 62 | €21,197 | €60,188 | +€38,991 | +184% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,505 | €2,643 | -€862 | -24.6% |
| Other operating charges | 640/8 | €75 | €422 | +€347 | +463% |
| Gross operating margin | 9900 | €102,375 | €125,188 | +€22,813 | +22.3% |
| Operating profit (loss) | 9901 | €77,598 | €61,935 | -€15,663 | -20.2% |
| Financial income | 75/76B | €1,685 | €1 | -€1,684 | -99.9% |
| Recurring financial income | 75 | €1,685 | €1 | -€1,684 | -99.9% |
| Financial charges | 65/66B | €2,185 | €4,033 | +€1,848 | +84.6% |
| Recurring financial charges | 65 | €198 | €262 | +€64 | +32.3% |
| Non-recurring financial charges | 66B | €1,987 | €3,771 | +€1,784 | +89.8% |
| Profit (loss) for the period before taxes | 9903 | €77,098 | €57,903 | -€19,195 | -24.9% |
| Income taxes | 67/77 | €19,582 | €15,242 | -€4,340 | -22.2% |
| Profit (loss) for the period | 9904 | €57,516 | €42,661 | -€14,855 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €57,516 | €42,661 | -€14,855 | -25.8% |
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 16 October 2026 via checked.be.