DUO KEMP: 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.
DUO KEMP
Largest movements
- Cash +€157,963
up €157,963 (+49,506%), from €319 to €158,282
mainly Net result for the year (+€90,837) and Investment in fixed assets (net) (+€46,988)
- Tangible fixed assets -€65,132
down €65,132 (-70.7%), from €92,099 to €26,967
of which Plant, machinery and equipment: -€48,481
- Receivables after one year -€12,000
down €12,000 (-10.9%), from €110,000 to €98,000
- Receivables within one year -€8,593
down €8,593 (-70.3%), from €12,229 to €3,636
of which Trade receivables: -€9,020
- Deferred charges and accrued income +€5,749
up €5,749 (+2,292%), from €251 to €6,000
- Reserves +€90,837
up €90,837 (+55.1%), from €164,793 to €255,631
- Other debts -€17,727
down €17,727 (-73.3%), from €24,170 to €6,443
- Tax, wage and social debts +€15,018
up €15,018 (+2,764%), from €543 to €15,562
- Current portion of long-term debt -€10,400
down €10,400 (-100%), from €10,400 to €0
- Gross operating margin +€148,138
up €148,138, from -€23,042 to €125,096
- Depreciation -€20,470
down €20,470 (-53.0%), from €38,614 to €18,144
- Taxes +€15,020
up €15,020 (+5,899%), from €255 to €15,275
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 | €214,897 | €292,885 | +€77,988 | +36.3% |
| Fixed assets | 21/28 | €92,099 | €26,967 | -€65,132 | -70.7% |
| Tangible fixed assets | 22/27 | €92,099 | €26,967 | -€65,132 | -70.7% |
| Plant, machinery and equipment | 23 | €49,299 | €818 | -€48,481 | -98.3% |
| Furniture and vehicles | 24 | €42,800 | €26,149 | -€16,651 | -38.9% |
| Current assets | 29/58 | €122,799 | €265,918 | +€143,119 | +117% |
| Amounts receivable after more than one year | 29 | €110,000 | €98,000 | -€12,000 | -10.9% |
| Trade receivables | 290 | €110,000 | €98,000 | -€12,000 | -10.9% |
| Amounts receivable within one year | 40/41 | €12,229 | €3,636 | -€8,593 | -70.3% |
| Trade receivables | 40 | €11,388 | €2,368 | -€9,020 | -79.2% |
| Other amounts receivable | 41 | €841 | €1,268 | +€427 | +50.8% |
| Cash at bank and in hand | 54/58 | €319 | €158,282 | +€157,963 | +49,506% |
| Deferred charges and accrued income | 490/1 | €251 | €6,000 | +€5,749 | +2,292% |
| Total equity and liabilities | 10/49 | €214,897 | €292,885 | +€77,988 | +36.3% |
| Equity | 10/15 | €178,259 | €269,097 | +€90,837 | +51.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €164,793 | €255,631 | +€90,837 | +55.1% |
| Distributable reserves | 133 | €164,793 | €255,631 | +€90,837 | +55.1% |
| Profit (loss) carried forward | 14 | €7,266 | €7,266 | = | 0.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €36,638 | €23,788 | -€12,850 | -35.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €36,638 | €23,788 | -€12,850 | -35.1% |
| Current portion of amounts payable after more than one year | 42 | €10,400 | €0 | -€10,400 | -100% |
| Trade debts | 44 | €1,524 | €1,783 | +€259 | +17.0% |
| Suppliers | 440/4 | €1,524 | €1,783 | +€259 | +17.0% |
| Taxes, remuneration and social security | 45 | €543 | €15,562 | +€15,018 | +2,764% |
| Taxes | 450/3 | €543 | €15,562 | +€15,018 | +2,764% |
| Other amounts payable | 47/48 | €24,170 | €6,443 | -€17,727 | -73.3% |
| Non-recurring operating income | 76A | €50,000 | €111,839 | +€61,839 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,614 | €18,144 | -€20,470 | -53.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €968 | €1,031 | +€63 | +6.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€23,042 | €125,096 | +€148,138 | |
| Operating profit (loss) | 9901 | -€62,624 | €105,921 | +€168,545 | |
| Financial income | 75/76B | €2,750 | €2,454 | -€296 | -10.8% |
| Recurring financial income | 75 | €2,750 | €2,454 | -€296 | -10.8% |
| Financial charges | 65/66B | €1,273 | €2,263 | +€989 | +77.7% |
| Recurring financial charges | 65 | €1,273 | €2,263 | +€989 | +77.7% |
| Profit (loss) for the period before taxes | 9903 | -€61,148 | €106,112 | +€167,260 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €255 | €15,275 | +€15,020 | +5,899% |
| Profit (loss) for the period | 9904 | -€61,402 | €90,837 | +€152,240 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,402 | €90,837 | +€152,240 |
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 17 October 2026 via checked.be.