DE KEMPVADER: 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 KEMPVADER
Largest movements
- Cash +€47,634
up €47,634 (+10.2%), from €465,835 to €513,469
mainly Other debts (+€309,324) and Net result for the year (+€55,390)
- Receivables within one year +€15,281
up €15,281 (+58.0%), from €26,328 to €41,609
of which Trade receivables: +€13,858
- Tangible fixed assets -€8,960
down €8,960 (-29.8%), from €30,074 to €21,114
of which Furniture and vehicles: -€7,723
- Other debts +€309,324
up €309,324 (+2,234%), from €13,849 to €323,173
- Reserves -€273,000
down €273,000 (-67.7%), from €403,193 to €130,193
- Tax, wage and social debts +€22,832
up €22,832 (+595%), from €3,836 to €26,669
- Gross operating margin +€69,513
up €69,513 (+354%), from €19,639 to €89,152
- Taxes +€24,465
up €24,465 (+7,439%), from €329 to €24,793
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 | €524,021 | €581,026 | +€57,005 | +10.9% |
| Fixed assets | 21/28 | €30,074 | €23,114 | -€6,960 | -23.1% |
| Tangible fixed assets | 22/27 | €30,074 | €21,114 | -€8,960 | -29.8% |
| Plant, machinery and equipment | 23 | €519 | €239 | -€281 | -54.1% |
| Furniture and vehicles | 24 | €27,608 | €19,884 | -€7,723 | -28.0% |
| Other tangible fixed assets | 26 | €1,947 | €991 | -€956 | -49.1% |
| Financial fixed assets | 28 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €493,946 | €557,911 | +€63,965 | +12.9% |
| Amounts receivable within one year | 40/41 | €26,328 | €41,609 | +€15,281 | +58.0% |
| Trade receivables | 40 | €23,544 | €37,403 | +€13,858 | +58.9% |
| Other amounts receivable | 41 | €2,783 | €4,207 | +€1,423 | +51.1% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €465,835 | €513,469 | +€47,634 | +10.2% |
| Deferred charges and accrued income | 490/1 | €1,533 | €2,583 | +€1,050 | +68.5% |
| Total equity and liabilities | 10/49 | €524,021 | €581,026 | +€57,005 | +10.9% |
| Equity | 10/15 | €492,519 | €222,909 | -€269,610 | -54.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €403,193 | €130,193 | -€273,000 | -67.7% |
| Distributable reserves | 133 | €403,193 | €130,193 | -€273,000 | -67.7% |
| Profit (loss) carried forward | 14 | €76,926 | €80,316 | +€3,390 | +4.4% |
| Amounts payable | 17/49 | €31,501 | €358,117 | +€326,615 | +1,037% |
| Amounts payable within one year | 42/48 | €31,501 | €358,117 | +€326,615 | +1,037% |
| Trade debts | 44 | €13,816 | €8,275 | -€5,541 | -40.1% |
| Suppliers | 440/4 | €13,816 | €8,275 | -€5,541 | -40.1% |
| Taxes, remuneration and social security | 45 | €3,836 | €26,669 | +€22,832 | +595% |
| Taxes | 450/3 | €3,836 | €26,669 | +€22,832 | +595% |
| Other amounts payable | 47/48 | €13,849 | €323,173 | +€309,324 | +2,234% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,744 | €8,960 | +€216 | +2.5% |
| Other operating charges | 640/8 | €1,360 | €1,217 | -€143 | -10.5% |
| Gross operating margin | 9900 | €19,639 | €89,152 | +€69,513 | +354% |
| Operating profit (loss) | 9901 | €9,535 | €78,975 | +€69,440 | +728% |
| Financial income | 75/76B | €1,503 | €1,319 | -€184 | -12.3% |
| Recurring financial income | 75 | €1,503 | €1,319 | -€184 | -12.3% |
| Financial charges | 65/66B | €91 | €111 | +€19 | +21.1% |
| Recurring financial charges | 65 | €91 | €111 | +€19 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €10,947 | €80,183 | +€69,236 | +632% |
| Income taxes | 67/77 | €329 | €24,793 | +€24,465 | +7,439% |
| Profit (loss) for the period | 9904 | €10,618 | €55,390 | +€44,771 | +422% |
| Profit (loss) for the period to be appropriated | 9905 | €10,618 | €55,390 | +€44,771 | +422% |
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 24 October 2026 via checked.be.