KEMASAN: 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.
What changed
KEMASAN
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€53,414
2024 · €55,430-€2,016
Equity
€3.8m
2024 · €3.7m+€53,414
Cash
€49,941
2024 · €56,719-€6,778
Balance sheet total
€7.1m
2024 · €7.2m-€126,199
Largest movements
Assets
- Tangible fixed assets -€132,299
down €132,299 (-1.9%), from €7.1m to €7.0m
of which Land and buildings: -€122,386
Equity and liabilities
- Other debts -€162,270
down €162,270 (-5.2%), from €3.1m to €3.0m
Income statement
- Taxes +€5,688
up €5,688 (+21.7%), from €26,217 to €31,906
- Gross operating margin +€5,421
up €5,421 (+2.2%), from €251,867 to €257,288
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.
Result 2024
€55,430
Gross operating margin
+€5,421
Depreciation
-€1,637
Other operating charges
-€59
Financial income
+€0
Financial charges
-€52
Taxes
-€5,688
Result 2025
€53,414
raises the resultlowers the result
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.
From operations
+€34,605
Investment
-€41,383
Financing
€0
Cash 2024
€56,719
From operations (derived)
+€34,605
Net result for the year
+€53,414
Depreciation
+€173,682
Receivables within one year
-€15,968
Deferred charges and accrued income
+€3,089
Provisions
-€9,194
Trade debts
-€10,489
Tax, wage and social debts
+€2,340
Other debts
-€162,270
Investment (derived)
-€41,383
Investment in fixed assets (net)
-€41,383
Cash 2025
€49,941
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,199,399 | €7,073,200 | -€126,199 | -1.8% |
| Fixed assets | 21/28 | €7,134,440 | €7,002,141 | -€132,299 | -1.9% |
| Tangible fixed assets | 22/27 | €7,134,440 | €7,002,141 | -€132,299 | -1.9% |
| Land and buildings | 22 | €7,107,915 | €6,985,529 | -€122,386 | -1.7% |
| Plant, machinery and equipment | 23 | €3,829 | €6,780 | +€2,950 | +77.0% |
| Furniture and vehicles | 24 | €22,696 | €9,833 | -€12,863 | -56.7% |
| Current assets | 29/58 | €64,959 | €71,059 | +€6,100 | +9.4% |
| Amounts receivable within one year | 40/41 | €3,090 | €19,058 | +€15,968 | +517% |
| Trade receivables | 40 | €0 | €19,058 | +€19,058 | |
| Other amounts receivable | 41 | €3,090 | €0 | -€3,090 | -100% |
| Cash at bank and in hand | 54/58 | €56,719 | €49,941 | -€6,778 | -12.0% |
| Deferred charges and accrued income | 490/1 | €5,150 | €2,061 | -€3,089 | -60.0% |
| Total equity and liabilities | 10/49 | €7,199,399 | €7,073,200 | -€126,199 | -1.8% |
| Equity | 10/15 | €3,717,924 | €3,771,339 | +€53,414 | +1.4% |
| Contributions | 10/11 | €86,330 | €86,330 | = | 0.0% |
| Reserves | 13 | €2,293,384 | €2,346,798 | +€53,414 | +2.3% |
| Tax-exempt reserves | 132 | €944,275 | €916,693 | -€27,583 | -2.9% |
| Distributable reserves | 133 | €1,349,108 | €1,430,106 | +€80,997 | +6.0% |
| Profit (loss) carried forward | 14 | €1,338,211 | €1,338,211 | = | 0.0% |
| Provisions and deferred taxes | 16 | €314,758 | €305,564 | -€9,194 | -2.9% |
| Deferred taxes | 168 | €314,758 | €305,564 | -€9,194 | -2.9% |
| Amounts payable | 17/49 | €3,166,716 | €2,996,297 | -€170,419 | -5.4% |
| Amounts payable within one year | 42/48 | €3,166,716 | €2,996,297 | -€170,419 | -5.4% |
| Trade debts | 44 | €12,055 | €1,566 | -€10,489 | -87.0% |
| Suppliers | 440/4 | €12,055 | €1,566 | -€10,489 | -87.0% |
| Taxes, remuneration and social security | 45 | €16,340 | €18,679 | +€2,340 | +14.3% |
| Taxes | 450/3 | €16,340 | €18,679 | +€2,340 | +14.3% |
| Other amounts payable | 47/48 | €3,138,322 | €2,976,052 | -€162,270 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,045 | €173,682 | +€1,637 | +1.0% |
| Other operating charges | 640/8 | €7,319 | €7,378 | +€59 | +0.8% |
| Gross operating margin | 9900 | €251,867 | €257,288 | +€5,421 | +2.2% |
| Operating profit (loss) | 9901 | €72,504 | €76,228 | +€3,724 | +5.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €50 | €102 | +€52 | +104% |
| Recurring financial charges | 65 | €50 | €102 | +€52 | +104% |
| Profit (loss) for the period before taxes | 9903 | €72,454 | €76,126 | +€3,672 | +5.1% |
| Transfer from deferred taxes | 780 | €9,194 | €9,194 | = | 0.0% |
| Income taxes | 67/77 | €26,217 | €31,906 | +€5,688 | +21.7% |
| Profit (loss) for the period | 9904 | €55,430 | €53,414 | -€2,016 | -3.6% |
| Transfer from tax-exempt reserves | 789 | €27,583 | €27,583 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,013 | €80,997 | -€2,016 | -2.4% |
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 14 October 2026 via checked.be.