KEMA: what changed
Two fiscal 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.
KEMA
Largest movements
- Receivables within one year +€2.0m
up €2.0m (+2306.2%), from €88,242 to €2.1m
of which Other amounts receivable: +€2.0m
- Cash -€1.8m
down €1.8m (-92.7%), from €1.9m to €141,584
mainly Receivables within one year (-€2.0m) and Tax, wage and social debts (-€52,387)
- Tangible fixed assets -€94,363
down €94,363 (-4.3%), from €2.2m to €2.1m
of which Other tangible fixed assets: -€87,200
- Reserves +€201,444
up €201,444 (+5.6%), from €3.6m to €3.8m
- Tax, wage and social debts -€52,387
down €52,387 (-61.3%), from €85,406 to €33,019
of which Taxes: -€48,376
- Financial income -€51,832
down €51,832 (-88.5%), from €58,593 to €6,761
- Other operating charges +€21,825
up €21,825 (+40.4%), from €53,984 to €75,809
- Staff costs -€15,475
down €15,475 (-58.2%), from €26,612 to €11,137
- Write-downs -€13,161
down €13,161 (-146.2%), from -€9,000 to -€22,161
- Taxes -€9,680
down €9,680 (-12.1%), from €79,762 to €70,082
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.
Cash bridge derived
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 | €4,199,762 | €4,345,787 | +€146,025 | +3.5% |
| Fixed assets | 21/28 | €2,171,314 | €2,076,951 | -€94,363 | -4.3% |
| Tangible fixed assets | 22/27 | €2,171,314 | €2,076,951 | -€94,363 | -4.3% |
| Land and buildings | 22 | €1,600 | €1,600 | = | 0.0% |
| Furniture and vehicles | 24 | €42,436 | €35,273 | -€7,163 | -16.9% |
| Other tangible fixed assets | 26 | €2,127,278 | €2,040,078 | -€87,200 | -4.1% |
| Current assets | 29/58 | €2,028,448 | €2,268,836 | +€240,388 | +11.9% |
| Amounts receivable within one year | 40/41 | €88,242 | €2,123,285 | +€2.0m | +2306.2% |
| Trade receivables | 40 | €85,925 | €120,571 | +€34,646 | +40.3% |
| Other amounts receivable | 41 | €2,317 | €2,002,714 | +€2.0m | +86339.8% |
| Cash at bank and in hand | 54/58 | €1,936,392 | €141,584 | -€1.8m | -92.7% |
| Deferred charges and accrued income | 490/1 | €3,814 | €3,966 | +€152 | +4.0% |
| Total equity and liabilities | 10/49 | €4,199,762 | €4,345,787 | +€146,025 | +3.5% |
| Equity | 10/15 | €3,603,358 | €3,804,802 | +€201,444 | +5.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,584,766 | €3,786,210 | +€201,444 | +5.6% |
| Distributable reserves | 133 | €3,584,766 | €3,786,210 | +€201,444 | +5.6% |
| Amounts payable | 17/49 | €596,404 | €540,985 | -€55,419 | -9.3% |
| Amounts payable after more than one year | 17 | €39,650 | €40,530 | +€880 | +2.2% |
| Other amounts payable | 178/9 | €39,650 | €40,530 | +€880 | +2.2% |
| Amounts payable within one year | 42/48 | €510,460 | €457,333 | -€53,127 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €310,000 | €310,000 | = | 0.0% |
| Trade debts | 44 | €31,632 | €30,891 | -€741 | -2.3% |
| Suppliers | 440/4 | €31,632 | €30,891 | -€741 | -2.3% |
| Taxes, remuneration and social security | 45 | €85,406 | €33,019 | -€52,387 | -61.3% |
| Taxes | 450/3 | €80,175 | €31,799 | -€48,376 | -60.3% |
| Remuneration and social security | 454/9 | €5,230 | €1,220 | -€4,010 | -76.7% |
| Other amounts payable | 47/48 | €83,422 | €83,422 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €46,294 | €43,122 | -€3,172 | -6.9% |
| Non-recurring operating income | 76A | €6,816 | €5,218 | -€1,599 | -23.5% |
| Remuneration, social security and pensions | 62 | €26,612 | €11,137 | -€15,475 | -58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,675 | €98,491 | -€184 | -0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,000 | -€22,161 | -€13,161 | -146.2% |
| Other operating charges | 640/8 | €53,984 | €75,809 | +€21,825 | +40.4% |
| Non-recurring operating charges | 66A | - | €394 | +€394 | |
| Gross operating margin | 9900 | €423,746 | €428,659 | +€4,913 | +1.2% |
| Operating profit (loss) | 9901 | €253,475 | €264,989 | +€11,514 | +4.5% |
| Financial income | 75/76B | €58,593 | €6,761 | -€51,832 | -88.5% |
| Recurring financial income | 75 | €58,593 | €6,761 | -€51,832 | -88.5% |
| Financial charges | 65/66B | €5,206 | €224 | -€4,982 | -95.7% |
| Recurring financial charges | 65 | €5,206 | €224 | -€4,982 | -95.7% |
| Profit (loss) for the period before taxes | 9903 | €306,862 | €271,526 | -€35,336 | -11.5% |
| Income taxes | 67/77 | €79,762 | €70,082 | -€9,680 | -12.1% |
| Profit (loss) for the period | 9904 | €227,100 | €201,444 | -€25,656 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €227,100 | €201,444 | -€25,656 | -11.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.