Dr KEMNITZ SPRL: 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.
Dr KEMNITZ SPRL
Largest movements
- Cash -€39,594
down €39,594 (-66.0%), from €59,970 to €20,376
mainly Debts after one year (-€140,186) and Investment in fixed assets (net) (-€83,173)
- Tangible fixed assets +€24,205
up €24,205 (+1.3%), from €1.9m to €1.9m
of which Furniture and vehicles: +€13,128
- Debts after one year -€140,186
down €140,186 (-23.7%), from €591,779 to €451,594
- Reserves +€79,481
up €79,481 (+17.9%), from €444,104 to €523,585
- Short-term financial debts +€40,000
new in 2025: €40,000
- Gross operating margin -€22,064
down €22,064 (-8.7%), from €254,146 to €232,082
- Financial charges -€6,926
down €6,926 (-16.1%), from €43,123 to €36,197
of which Financial charges: -€6,426
- Taxes -€6,416
down €6,416 (-16.9%), from €38,022 to €31,607
- Depreciation +€3,951
up €3,951 (+7.2%), from €55,017 to €58,968
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 | €2,067,494 | €2,048,604 | -€18,889 | -0.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,868,340 | €1,892,545 | +€24,205 | +1.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,868,340 | €1,892,545 | +€24,205 | +1.3% |
| Land and buildings | 22 | €1,856,030 | €1,866,940 | +€10,910 | +0.6% |
| Plant, machinery and equipment | 23 | €5,671 | €5,837 | +€166 | +2.9% |
| Furniture and vehicles | 24 | €6,639 | €19,767 | +€13,128 | +198% |
| Current assets | 29/58 | €199,153 | €156,059 | -€43,094 | -21.6% |
| Amounts receivable within one year | 40/41 | €129,132 | €130,450 | +€1,317 | +1.0% |
| Trade receivables | 40 | €8,653 | €11,481 | +€2,828 | +32.7% |
| Other amounts receivable | 41 | €120,479 | €118,969 | -€1,511 | -1.3% |
| Cash at bank and in hand | 54/58 | €59,970 | €20,376 | -€39,594 | -66.0% |
| Deferred charges and accrued income | 490/1 | €10,051 | €5,234 | -€4,817 | -47.9% |
| Total equity and liabilities | 10/49 | €2,067,494 | €2,048,604 | -€18,889 | -0.9% |
| Equity | 10/15 | €1,162,404 | €1,241,885 | +€79,481 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €444,104 | €523,585 | +€79,481 | +17.9% |
| Distributable reserves | 133 | €444,104 | €523,585 | +€79,481 | +17.9% |
| Profit (loss) carried forward | 14 | €699,701 | €699,701 | = | 0.0% |
| Amounts payable | 17/49 | €905,089 | €806,719 | -€98,370 | -10.9% |
| Amounts payable after more than one year | 17 | €591,779 | €451,594 | -€140,186 | -23.7% |
| Financial debts | 170/4 | €591,779 | €451,594 | -€140,186 | -23.7% |
| Amounts payable within one year | 42/48 | €296,863 | €329,604 | +€32,741 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €135,372 | €140,186 | +€4,814 | +3.6% |
| Financial debts | 43 | - | €40,000 | +€40,000 | |
| Credit institutions | 430/8 | - | €40,000 | +€40,000 | |
| Trade debts | 44 | €6,275 | €9,657 | +€3,382 | +53.9% |
| Suppliers | 440/4 | €6,275 | €9,657 | +€3,382 | +53.9% |
| Taxes, remuneration and social security | 45 | €21,199 | €19,306 | -€1,893 | -8.9% |
| Taxes | 450/3 | €16,414 | €16,375 | -€40 | -0.2% |
| Remuneration and social security | 454/9 | €4,785 | €2,932 | -€1,853 | -38.7% |
| Other amounts payable | 47/48 | €134,018 | €120,455 | -€13,562 | -10.1% |
| Accrued charges and deferred income | 492/3 | €16,446 | €25,521 | +€9,075 | +55.2% |
| Remuneration, social security and pensions | 62 | €20,884 | €19,281 | -€1,603 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,017 | €58,968 | +€3,951 | +7.2% |
| Other operating charges | 640/8 | €6,794 | €6,578 | -€216 | -3.2% |
| Gross operating margin | 9900 | €254,146 | €232,082 | -€22,064 | -8.7% |
| Operating profit (loss) | 9901 | €171,452 | €147,256 | -€24,196 | -14.1% |
| Financial income | 75/76B | €7 | €29 | +€21 | +282% |
| Recurring financial income | 75 | €7 | €29 | +€21 | +282% |
| Financial charges | 65/66B | €43,123 | €36,197 | -€6,926 | -16.1% |
| Recurring financial charges | 65 | €42,623 | €36,197 | -€6,426 | -15.1% |
| Non-recurring financial charges | 66B | €500 | - | -€500 | |
| Profit (loss) for the period before taxes | 9903 | €128,337 | €111,087 | -€17,249 | -13.4% |
| Income taxes | 67/77 | €38,022 | €31,607 | -€6,416 | -16.9% |
| Profit (loss) for the period | 9904 | €90,314 | €79,481 | -€10,834 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €90,314 | €79,481 | -€10,834 | -12.0% |
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 28 October 2026 via checked.be.