De Kemelbeek: what changed
Two fiscal 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.
De Kemelbeek
Largest movements
- Tangible fixed assets -€97,899
down €97,899 (-3.8%), from €2.6m to €2.5m
- Cash +€74,785
up €74,785 (+52.5%), from €142,545 to €217,330
mainly Net result for the year (+€126,713) and Depreciation (+€97,899)
- Debts after one year -€149,928
down €149,928 (-9.2%), from €1.6m to €1.5m
of which Financial debts: -€149,928
- Reserves +€126,713
up €126,713 (+28.3%), from €447,882 to €574,595
- Gross operating margin +€46,219
up €46,219 (+16.8%), from €274,998 to €321,216
- Taxes +€11,717
up €11,717 (+38.5%), from €30,463 to €42,179
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 | €2,759,021 | €2,740,698 | -€18,323 | -0.7% |
| Fixed assets | 21/28 | €2,596,452 | €2,498,553 | -€97,899 | -3.8% |
| Tangible fixed assets | 22/27 | €2,596,452 | €2,498,553 | -€97,899 | -3.8% |
| Land and buildings | 22 | €2,596,452 | €2,498,553 | -€97,899 | -3.8% |
| Current assets | 29/58 | €162,569 | €242,144 | +€79,575 | +48.9% |
| Amounts receivable within one year | 40/41 | €17,319 | €20,073 | +€2,754 | +15.9% |
| Trade receivables | 40 | €7,782 | €10,536 | +€2,754 | +35.4% |
| Other amounts receivable | 41 | €9,537 | €9,537 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €142,545 | €217,330 | +€74,785 | +52.5% |
| Deferred charges and accrued income | 490/1 | €2,705 | €4,741 | +€2,036 | +75.3% |
| Total equity and liabilities | 10/49 | €2,759,021 | €2,740,698 | -€18,323 | -0.7% |
| Equity | 10/15 | €947,882 | €1,074,595 | +€126,713 | +13.4% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €447,882 | €574,595 | +€126,713 | +28.3% |
| Distributable reserves | 133 | €447,882 | €574,595 | +€126,713 | +28.3% |
| Amounts payable | 17/49 | €1,811,139 | €1,666,103 | -€145,036 | -8.0% |
| Amounts payable after more than one year | 17 | €1,633,684 | €1,483,755 | -€149,928 | -9.2% |
| Financial debts | 170/4 | €1,348,917 | €1,198,988 | -€149,928 | -11.1% |
| Other amounts payable | 178/9 | €284,767 | €284,767 | = | 0.0% |
| Amounts payable within one year | 42/48 | €177,455 | €182,107 | +€4,652 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €149,708 | €149,928 | +€220 | +0.1% |
| Trade debts | 44 | €372 | €1,275 | +€903 | +242.7% |
| Suppliers | 440/4 | €372 | €1,275 | +€903 | +242.7% |
| Taxes, remuneration and social security | 45 | €840 | €3,019 | +€2,179 | +259.4% |
| Taxes | 450/3 | €840 | €3,019 | +€2,179 | +259.4% |
| Other amounts payable | 47/48 | €26,535 | €27,885 | +€1,350 | +5.1% |
| Accrued charges and deferred income | 492/3 | €0 | €240 | +€240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,899 | €97,899 | = | 0.0% |
| Other operating charges | 640/8 | €25,208 | €25,994 | +€785 | +3.1% |
| Gross operating margin | 9900 | €274,998 | €321,216 | +€46,219 | +16.8% |
| Operating profit (loss) | 9901 | €151,891 | €197,324 | +€45,434 | +29.9% |
| Financial charges | 65/66B | €30,040 | €28,432 | -€1,607 | -5.4% |
| Recurring financial charges | 65 | €30,040 | €28,432 | -€1,607 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €121,851 | €168,892 | +€47,041 | +38.6% |
| Income taxes | 67/77 | €30,463 | €42,179 | +€11,717 | +38.5% |
| Profit (loss) for the period | 9904 | €91,388 | €126,713 | +€35,324 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €91,388 | €126,713 | +€35,324 | +38.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.