De kempenhoeve: what changed
De kempenhoeve
Largest movements
- Receivables within one year +€66,831
up €66,831 (+208%), from €32,067 to €98,899
of which Trade receivables: +€68,893
- Tangible fixed assets -€20,775
down €20,775 (-6.8%), from €307,576 to €286,801
of which Land and buildings: -€10,570
- Cash +€12,952
up €12,952 (+227%), from €5,707 to €18,659
mainly Net result for the year (+€58,035) and Trade debts (+€23,881)
- Reserves +€58,035
up €58,035 (+55.9%), from €103,853 to €161,888
of which Distributable reserves: +€58,035
- Trade debts +€23,881
up €23,881 (+20.7%), from €115,438 to €139,319
- Tax, wage and social debts +€23,281
up €23,281 (+359%), from €6,492 to €29,772
of which Taxes: +€20,259
- Debts after one year -€22,603
down €22,603 (-11.5%), from €196,925 to €174,322
- Other debts -€9,808
down €9,808 (-8.1%), from €120,889 to €111,081
- Gross operating margin +€58,842
up €58,842 (+60.2%), from €97,693 to €156,535
- Depreciation -€26,157
down €26,157 (-55.7%), from €46,932 to €20,775
- Taxes +€23,687
up €23,687 (+390%), from €6,081 to €29,768
- Staff costs +€7,181
up €7,181 (+27.1%), from €26,504 to €33,685
- Other operating charges +€2,829
up €2,829 (+539%), from €525 to €3,355
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €641,678 | €701,318 | +€59,640 | +9.3% |
| Fixed assets | 21/28 | €307,576 | €286,801 | -€20,775 | -6.8% |
| Tangible fixed assets | 22/27 | €307,576 | €286,801 | -€20,775 | -6.8% |
| Land and buildings | 22 | €278,014 | €267,443 | -€10,570 | -3.8% |
| Plant, machinery and equipment | 23 | €13,181 | €8,213 | -€4,969 | -37.7% |
| Furniture and vehicles | 24 | €2,193 | €759 | -€1,435 | -65.4% |
| Leasing and similar rights | 25 | €836 | €375 | -€461 | -55.1% |
| Other tangible fixed assets | 26 | €13,351 | €10,011 | -€3,340 | -25.0% |
| Current assets | 29/58 | €334,103 | €414,518 | +€80,415 | +24.1% |
| Stocks and contracts in progress | 3 | €294,360 | €296,960 | +€2,600 | +0.9% |
| Stocks | 30/36 | €294,360 | €296,960 | +€2,600 | +0.9% |
| Amounts receivable within one year | 40/41 | €32,067 | €98,899 | +€66,831 | +208% |
| Trade receivables | 40 | €28,004 | €96,897 | +€68,893 | +246% |
| Other amounts receivable | 41 | €4,064 | €2,002 | -€2,062 | -50.7% |
| Cash at bank and in hand | 54/58 | €5,707 | €18,659 | +€12,952 | +227% |
| Deferred charges and accrued income | 490/1 | €1,968 | €0 | -€1,968 | -100% |
| Total equity and liabilities | 10/49 | €641,678 | €701,318 | +€59,640 | +9.3% |
| Equity | 10/15 | €162,853 | €220,888 | +€58,035 | +35.6% |
| Contributions | 10/11 | €59,000 | €59,000 | = | 0.0% |
| Reserves | 13 | €103,853 | €161,888 | +€58,035 | +55.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €103,853 | €161,888 | +€58,035 | +55.9% |
| Amounts payable | 17/49 | €478,825 | €480,430 | +€1,605 | +0.3% |
| Amounts payable after more than one year | 17 | €196,925 | €174,322 | -€22,603 | -11.5% |
| Financial debts | 170/4 | €196,925 | €174,322 | -€22,603 | -11.5% |
| Amounts payable within one year | 42/48 | €281,900 | €306,109 | +€24,208 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €34,081 | €25,937 | -€8,144 | -23.9% |
| Financial debts | 43 | €5,000 | €0 | -€5,000 | -100% |
| Credit institutions | 430/8 | €5,000 | €0 | -€5,000 | -100% |
| Trade debts | 44 | €115,438 | €139,319 | +€23,881 | +20.7% |
| Suppliers | 440/4 | €115,438 | €139,319 | +€23,881 | +20.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,492 | €29,772 | +€23,281 | +359% |
| Taxes | 450/3 | €2,896 | €23,155 | +€20,259 | +700% |
| Remuneration and social security | 454/9 | €3,595 | €6,617 | +€3,022 | +84.0% |
| Other amounts payable | 47/48 | €120,889 | €111,081 | -€9,808 | -8.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €26,504 | €33,685 | +€7,181 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,932 | €20,775 | -€26,157 | -55.7% |
| Other operating charges | 640/8 | €525 | €3,355 | +€2,829 | +539% |
| Gross operating margin | 9900 | €97,693 | €156,535 | +€58,842 | +60.2% |
| Operating profit (loss) | 9901 | €23,732 | €98,720 | +€74,988 | +316% |
| Financial income | 75/76B | €0 | €11 | +€11 | |
| Recurring financial income | 75 | €0 | €11 | +€11 | |
| Financial charges | 65/66B | €10,320 | €10,928 | +€609 | +5.9% |
| Recurring financial charges | 65 | €10,320 | €10,928 | +€609 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €13,412 | €87,803 | +€74,391 | +555% |
| Income taxes | 67/77 | €6,081 | €29,768 | +€23,687 | +390% |
| Profit (loss) for the period | 9904 | €7,331 | €58,035 | +€50,704 | +692% |
| Profit (loss) for the period to be appropriated | 9905 | €7,331 | €58,035 | +€50,704 | +692% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.