KEMBE: 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.
KEMBE
Largest movements
- Receivables within one year +€22,718
up €22,718 (+45.6%), from €49,849 to €72,568
of which Other amounts receivable: +€23,000
- Cash +€17,975
up €17,975 (+81.6%), from €22,031 to €40,006
mainly Net result for the year (+€59,734) and Other debts (+€50,191)
- Tangible fixed assets -€3,323
down €3,323 (-45.0%), from €7,379 to €4,056
of which Other tangible fixed assets: -€2,120
- Other debts +€50,191
up €50,191 (+176.3%), from €28,474 to €78,665
- Profit (loss) carried forward -€18,931
no longer reported in 2025 (was €18,931)
- Tax, wage and social debts +€5,808
up €5,808 (+284.6%), from €2,041 to €7,849
- Gross operating margin +€53,954
up €53,954 (+212.8%), from €25,360 to €79,314
- Taxes +€11,265
up €11,265 (+263.0%), from €4,283 to €15,549
- Financial income -€1,648
down €1,648 (-50.5%), from €3,263 to €1,615
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 | €79,372 | €116,752 | +€37,379 | +47.1% |
| Fixed assets | 21/28 | €7,379 | €4,056 | -€3,323 | -45.0% |
| Tangible fixed assets | 22/27 | €7,379 | €4,056 | -€3,323 | -45.0% |
| Plant, machinery and equipment | 23 | €1,595 | €1,057 | -€538 | -33.7% |
| Furniture and vehicles | 24 | €1,585 | €920 | -€665 | -42.0% |
| Other tangible fixed assets | 26 | €4,199 | €2,079 | -€2,120 | -50.5% |
| Current assets | 29/58 | €71,994 | €112,695 | +€40,702 | +56.5% |
| Amounts receivable within one year | 40/41 | €49,849 | €72,568 | +€22,718 | +45.6% |
| Trade receivables | 40 | €24,695 | €24,413 | -€282 | -1.1% |
| Other amounts receivable | 41 | €25,155 | €48,155 | +€23,000 | +91.4% |
| Cash at bank and in hand | 54/58 | €22,031 | €40,006 | +€17,975 | +81.6% |
| Deferred charges and accrued income | 490/1 | €113 | €122 | +€9 | +7.7% |
| Total equity and liabilities | 10/49 | €79,372 | €116,752 | +€37,379 | +47.1% |
| Equity | 10/15 | €48,741 | €29,810 | -€18,931 | -38.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,210 | €11,210 | = | 0.0% |
| 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 | €9,350 | €9,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,931 | - | -€18,931 | |
| Amounts payable | 17/49 | €30,631 | €86,942 | +€56,311 | +183.8% |
| Amounts payable within one year | 42/48 | €30,631 | €86,942 | +€56,311 | +183.8% |
| Trade debts | 44 | €117 | €428 | +€311 | +265.8% |
| Suppliers | 440/4 | €117 | €428 | +€311 | +265.8% |
| Taxes, remuneration and social security | 45 | €2,041 | €7,849 | +€5,808 | +284.6% |
| Taxes | 450/3 | €2,041 | €7,849 | +€5,808 | +284.6% |
| Other amounts payable | 47/48 | €28,474 | €78,665 | +€50,191 | +176.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,310 | €3,323 | +€13 | +0.4% |
| Other operating charges | 640/8 | €419 | €501 | +€82 | +19.6% |
| Gross operating margin | 9900 | €25,360 | €79,314 | +€53,954 | +212.8% |
| Operating profit (loss) | 9901 | €21,632 | €75,490 | +€53,859 | +249.0% |
| Financial income | 75/76B | €3,263 | €1,615 | -€1,648 | -50.5% |
| Recurring financial income | 75 | €3,263 | €1,615 | -€1,648 | -50.5% |
| Financial charges | 65/66B | €2,060 | €1,823 | -€237 | -11.5% |
| Recurring financial charges | 65 | €2,060 | €1,823 | -€237 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €22,835 | €75,283 | +€52,448 | +229.7% |
| Income taxes | 67/77 | €4,283 | €15,549 | +€11,265 | +263.0% |
| Profit (loss) for the period | 9904 | €18,551 | €59,734 | +€41,183 | +222.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,551 | €59,734 | +€41,183 | +222.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.