De Kempenvrienden: 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.
De Kempenvrienden
Largest movements
- Cash -€78,891
down €78,891 (-22.5%), from €350,191 to €271,300
mainly Investment in fixed assets (net) (-€66,796) and Debts after one year (-€65,482)
- Receivables within one year -€11,974
down €11,974 (-6.0%), from €200,920 to €188,946
of which Trade receivables: -€33,708
- Debts after one year -€65,482
down €65,482 (-29.9%), from €219,017 to €153,535
of which Financial debts: -€70,807
- Reserves +€61,085
up €61,085 (+13.2%), from €463,394 to €524,479
of which Distributable reserves: +€61,085
- Other debts -€54,910
down €54,910 (-82.6%), from €66,500 to €11,590
- Tax, wage and social debts -€50,369
down €50,369 (-42.8%), from €117,777 to €67,409
of which Taxes: -€42,274
- Trade debts +€22,346
up €22,346 (+105%), from €21,340 to €43,686
- Gross operating margin -€41,082
down €41,082 (-9.4%), from €435,110 to €394,028
- Staff costs -€30,330
down €30,330 (-16.6%), from €182,969 to €152,639
- Depreciation +€7,135
up €7,135 (+10.6%), from €67,399 to €74,533
- Taxes -€5,257
down €5,257 (-15.7%), from €33,544 to €28,287
- Financial charges -€4,918
down €4,918 (-29.7%), from €16,541 to €11,623
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 | €993,148 | €894,430 | -€98,718 | -9.9% |
| Fixed assets | 21/28 | €432,082 | €424,345 | -€7,737 | -1.8% |
| Tangible fixed assets | 22/27 | €432,082 | €424,345 | -€7,737 | -1.8% |
| Land and buildings | 22 | €345,457 | €333,310 | -€12,147 | -3.5% |
| Plant, machinery and equipment | 23 | €73,379 | €81,624 | +€8,246 | +11.2% |
| Furniture and vehicles | 24 | €13,246 | €9,411 | -€3,836 | -29.0% |
| Current assets | 29/58 | €561,066 | €470,086 | -€90,980 | -16.2% |
| Stocks and contracts in progress | 3 | €9,955 | €9,840 | -€115 | -1.2% |
| Stocks | 30/36 | €9,955 | €9,840 | -€115 | -1.2% |
| Amounts receivable within one year | 40/41 | €200,920 | €188,946 | -€11,974 | -6.0% |
| Trade receivables | 40 | €200,920 | €167,211 | -€33,708 | -16.8% |
| Other amounts receivable | 41 | - | €21,734 | +€21,734 | |
| Cash at bank and in hand | 54/58 | €350,191 | €271,300 | -€78,891 | -22.5% |
| Total equity and liabilities | 10/49 | €993,148 | €894,430 | -€98,718 | -9.9% |
| Equity | 10/15 | €482,479 | €543,565 | +€61,086 | +12.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €463,394 | €524,479 | +€61,085 | +13.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €461,535 | €522,620 | +€61,085 | +13.2% |
| Profit (loss) carried forward | 14 | €493 | €494 | +€1 | +0.2% |
| Amounts payable | 17/49 | €510,669 | €350,865 | -€159,804 | -31.3% |
| Amounts payable after more than one year | 17 | €219,017 | €153,535 | -€65,482 | -29.9% |
| Financial debts | 170/4 | €155,598 | €84,791 | -€70,807 | -45.5% |
| Other amounts payable | 178/9 | €63,419 | €68,744 | +€5,325 | +8.4% |
| Amounts payable within one year | 42/48 | €291,652 | €197,330 | -€94,322 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €69,500 | €71,410 | +€1,910 | +2.7% |
| Trade debts | 44 | €21,340 | €43,686 | +€22,346 | +105% |
| Suppliers | 440/4 | €21,340 | €43,686 | +€22,346 | +105% |
| Advances received on contracts in progress | 46 | €16,535 | €3,235 | -€13,299 | -80.4% |
| Taxes, remuneration and social security | 45 | €117,777 | €67,409 | -€50,369 | -42.8% |
| Taxes | 450/3 | €102,498 | €60,224 | -€42,274 | -41.2% |
| Remuneration and social security | 454/9 | €15,280 | €7,185 | -€8,095 | -53.0% |
| Other amounts payable | 47/48 | €66,500 | €11,590 | -€54,910 | -82.6% |
| Remuneration, social security and pensions | 62 | €182,969 | €152,639 | -€30,330 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,399 | €74,533 | +€7,135 | +10.6% |
| Other operating charges | 640/8 | €56,849 | €55,632 | -€1,217 | -2.1% |
| Gross operating margin | 9900 | €435,110 | €394,028 | -€41,082 | -9.4% |
| Operating profit (loss) | 9901 | €127,894 | €111,224 | -€16,670 | -13.0% |
| Financial income | 75/76B | €2,585 | €1,972 | -€612 | -23.7% |
| Recurring financial income | 75 | €2,585 | €1,972 | -€612 | -23.7% |
| Financial charges | 65/66B | €16,541 | €11,623 | -€4,918 | -29.7% |
| Recurring financial charges | 65 | €16,541 | €11,623 | -€4,918 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €113,937 | €101,573 | -€12,364 | -10.9% |
| Income taxes | 67/77 | €33,544 | €28,287 | -€5,257 | -15.7% |
| Profit (loss) for the period | 9904 | €80,393 | €73,286 | -€7,107 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €80,393 | €73,286 | -€7,107 | -8.8% |
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 1 November 2026 via checked.be.