KEMAL COMPANY: 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.
KEMAL COMPANY
Largest movements
- Cash +€5,392
up €5,392 (+577%), from €935 to €6,327
mainly Stocks and contracts (+€3,079) and Net result for the year (+€2,554)
- Stocks and contracts -€3,079
down €3,079 (-61.4%), from €5,017 to €1,939
- Receivables within one year +€344
up €344 (+11.2%), from €3,067 to €3,411
- Profit (loss) carried forward +€2,554
up €2,554 (+33.5%), from €7,630 to €10,184
- Gross operating margin -€1,412
down €1,412 (-30.3%), from €4,662 to €3,250
- Taxes -€1,370
no longer reported in 2026 (was €1,370)
- Other operating charges -€270
down €270 (-29.6%), from €912 to €642
- Depreciation -€264
no longer reported in 2026 (was €264)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,019 | €11,676 | +€2,657 | +29.5% |
| Current assets | 29/58 | €9,019 | €11,676 | +€2,657 | +29.5% |
| Stocks and contracts in progress | 3 | €5,017 | €1,939 | -€3,079 | -61.4% |
| Stocks | 30/36 | €5,017 | €1,939 | -€3,079 | -61.4% |
| Amounts receivable within one year | 40/41 | €3,067 | €3,411 | +€344 | +11.2% |
| Other amounts receivable | 41 | €3,067 | €3,411 | +€344 | +11.2% |
| Cash at bank and in hand | 54/58 | €935 | €6,327 | +€5,392 | +577% |
| Total equity and liabilities | 10/49 | €9,019 | €11,676 | +€2,657 | +29.5% |
| Equity | 10/15 | €7,730 | €10,284 | +€2,554 | +33.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Capital | 10 | €100 | €100 | = | 0.0% |
| Issued capital | 100 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,630 | €10,184 | +€2,554 | +33.5% |
| Amounts payable | 17/49 | €1,289 | €1,392 | +€103 | +8.0% |
| Amounts payable within one year | 42/48 | €1,289 | €1,392 | +€103 | +8.0% |
| Trade debts | 44 | €438 | €542 | +€103 | +23.6% |
| Suppliers | 440/4 | €438 | €542 | +€103 | +23.6% |
| Other amounts payable | 47/48 | €851 | €851 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264 | - | -€264 | |
| Other operating charges | 640/8 | €912 | €642 | -€270 | -29.6% |
| Gross operating margin | 9900 | €4,662 | €3,250 | -€1,412 | -30.3% |
| Operating profit (loss) | 9901 | €3,485 | €2,608 | -€877 | -25.2% |
| Financial charges | 65/66B | €38 | €54 | +€17 | +44.0% |
| Recurring financial charges | 65 | €38 | €54 | +€17 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €3,448 | €2,554 | -€894 | -25.9% |
| Income taxes | 67/77 | €1,370 | - | -€1,370 | |
| Profit (loss) for the period | 9904 | €2,078 | €2,554 | +€476 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,078 | €2,554 | +€476 | +22.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.