DÜSEN KEMAL: what changed
DÜSEN KEMAL
Largest movements
- Cash +€43,742
up €43,742 (+432%), from €10,126 to €53,868
mainly Stocks and contracts (+€19,975) and Receivables within one year (+€18,825)
- Stocks and contracts -€19,975
down €19,975 (-51.9%), from €38,495 to €18,520
- Receivables within one year -€18,825
down €18,825 (-27.7%), from €67,922 to €49,098
of which Trade receivables: -€26,340
- Tangible fixed assets -€9,897
down €9,897 (-28.8%), from €34,380 to €24,483
of which Plant, machinery and equipment: -€8,787
- Trade debts -€17,201
down €17,201 (-66.7%), from €25,792 to €8,591
- Reserves +€15,445
up €15,445 (+21.2%), from €72,886 to €88,331
of which Distributable reserves: +€15,445
- Tax, wage and social debts -€2,526
down €2,526 (-42.8%), from €5,906 to €3,380
- Gross operating margin +€33,216
up €33,216 (+17.6%), from €188,817 to €222,033
- Staff costs -€20,895
down €20,895 (-10.0%), from €208,485 to €187,590
- Depreciation -€3,391
down €3,391 (-20.1%), from €16,881 to €13,490
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 | €153,499 | €148,312 | -€5,187 | -3.4% |
| Fixed assets | 21/28 | €34,380 | €24,483 | -€9,897 | -28.8% |
| Tangible fixed assets | 22/27 | €34,380 | €24,483 | -€9,897 | -28.8% |
| Plant, machinery and equipment | 23 | €32,293 | €23,506 | -€8,787 | -27.2% |
| Furniture and vehicles | 24 | €2,086 | €977 | -€1,110 | -53.2% |
| Current assets | 29/58 | €119,119 | €123,829 | +€4,710 | +4.0% |
| Stocks and contracts in progress | 3 | €38,495 | €18,520 | -€19,975 | -51.9% |
| Stocks | 30/36 | €38,495 | €18,520 | -€19,975 | -51.9% |
| Amounts receivable within one year | 40/41 | €67,922 | €49,098 | -€18,825 | -27.7% |
| Trade receivables | 40 | €46,381 | €20,042 | -€26,340 | -56.8% |
| Other amounts receivable | 41 | €21,541 | €29,056 | +€7,515 | +34.9% |
| Cash at bank and in hand | 54/58 | €10,126 | €53,868 | +€43,742 | +432% |
| Deferred charges and accrued income | 490/1 | €2,576 | €2,343 | -€233 | -9.0% |
| Total equity and liabilities | 10/49 | €153,499 | €148,312 | -€5,187 | -3.4% |
| Equity | 10/15 | €120,896 | €136,340 | +€15,445 | +12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,886 | €88,331 | +€15,445 | +21.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €71,026 | €86,471 | +€15,445 | +21.7% |
| Profit (loss) carried forward | 14 | €29,409 | €29,409 | = | 0.0% |
| Amounts payable | 17/49 | €32,603 | €11,972 | -€20,632 | -63.3% |
| Amounts payable within one year | 42/48 | €32,353 | €11,972 | -€20,382 | -63.0% |
| Current portion of amounts payable after more than one year | 42 | €656 | - | -€656 | |
| Trade debts | 44 | €25,792 | €8,591 | -€17,201 | -66.7% |
| Suppliers | 440/4 | €25,792 | €8,591 | -€17,201 | -66.7% |
| Taxes, remuneration and social security | 45 | €5,906 | €3,380 | -€2,526 | -42.8% |
| Remuneration and social security | 454/9 | €5,906 | €3,380 | -€2,526 | -42.8% |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Remuneration, social security and pensions | 62 | €208,485 | €187,590 | -€20,895 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,881 | €13,490 | -€3,391 | -20.1% |
| Other operating charges | 640/8 | €2,959 | €2,971 | +€11 | +0.4% |
| Gross operating margin | 9900 | €188,817 | €222,033 | +€33,216 | +17.6% |
| Operating profit (loss) | 9901 | -€39,509 | €17,982 | +€57,490 | |
| Financial income | 75/76B | €19 | €37 | +€17 | +89.7% |
| Recurring financial income | 75 | €19 | €37 | +€17 | +89.7% |
| Financial charges | 65/66B | €1,438 | €1,029 | -€409 | -28.4% |
| Recurring financial charges | 65 | €1,438 | €1,029 | -€409 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | -€40,928 | €16,989 | +€57,917 | |
| Income taxes | 67/77 | - | €1,544 | +€1,544 | |
| Profit (loss) for the period | 9904 | -€40,928 | €15,445 | +€56,372 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,928 | €15,445 | +€56,372 |
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 2 November 2026 via checked.be.