KEMALI: 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.
KEMALI
Largest movements
- Receivables within one year +€40,115
up €40,115 (+96.5%), from €41,567 to €81,682
of which Other amounts receivable: +€40,309
- Cash +€35,662
up €35,662 (+78.6%), from €45,369 to €81,031
mainly Net result for the year (+€175,839) and Accrued charges and deferred income (+€5,254)
- Profit (loss) carried forward +€150,839
up €150,839 (+68.7%), from €219,440 to €370,280
- Debts after one year -€55,864
down €55,864 (-7.9%), from €708,583 to €652,719
- Other debts -€25,000
down €25,000 (-50.0%), from €50,000 to €25,000
- Financial income +€190,000
new in 2025: €190,000
- Financial charges -€704
down €704 (-6.9%), from €10,191 to €9,487
- Other operating charges +€583
up €583 (+151.7%), from €384 to €968
- Gross operating margin -€279
down €279 (-8.1%), from -€3,427 to -€3,706
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 | €1,131,503 | €1,207,281 | +€75,777 | +6.7% |
| Fixed assets | 21/28 | €1,044,568 | €1,044,568 | = | 0.0% |
| Financial fixed assets | 28 | €1,044,568 | €1,044,568 | = | 0.0% |
| Current assets | 29/58 | €86,936 | €162,713 | +€75,777 | +87.2% |
| Amounts receivable within one year | 40/41 | €41,567 | €81,682 | +€40,115 | +96.5% |
| Trade receivables | 40 | €835 | €641 | -€194 | -23.2% |
| Other amounts receivable | 41 | €40,732 | €81,041 | +€40,309 | +99.0% |
| Cash at bank and in hand | 54/58 | €45,369 | €81,031 | +€35,662 | +78.6% |
| Total equity and liabilities | 10/49 | €1,131,503 | €1,207,281 | +€75,777 | +6.7% |
| Equity | 10/15 | €300,440 | €451,280 | +€150,839 | +50.2% |
| Contributions | 10/11 | €81,000 | €81,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €219,440 | €370,280 | +€150,839 | +68.7% |
| Amounts payable | 17/49 | €831,063 | €756,001 | -€75,062 | -9.0% |
| Amounts payable after more than one year | 17 | €708,583 | €652,719 | -€55,864 | -7.9% |
| Financial debts | 170/4 | €708,583 | €652,719 | -€55,864 | -7.9% |
| Amounts payable within one year | 42/48 | €105,405 | €80,954 | -€24,452 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €55,318 | €55,864 | +€547 | +1.0% |
| Trade debts | 44 | €88 | €89 | +€2 | +1.9% |
| Suppliers | 440/4 | €88 | €89 | +€2 | +1.9% |
| Other amounts payable | 47/48 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Accrued charges and deferred income | 492/3 | €17,075 | €22,328 | +€5,254 | +30.8% |
| Other operating charges | 640/8 | €384 | €968 | +€583 | +151.7% |
| Gross operating margin | 9900 | -€3,427 | -€3,706 | -€279 | -8.1% |
| Operating profit (loss) | 9901 | -€3,812 | -€4,674 | -€862 | -22.6% |
| Financial income | 75/76B | - | €190,000 | +€190,000 | |
| Recurring financial income | 75 | - | €190,000 | +€190,000 | |
| Financial charges | 65/66B | €10,191 | €9,487 | -€704 | -6.9% |
| Recurring financial charges | 65 | €10,191 | €9,487 | -€704 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,002 | €175,839 | +€189,842 | |
| Profit (loss) for the period | 9904 | -€14,002 | €175,839 | +€189,842 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,002 | €175,839 | +€189,842 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.