KEMDA CONSTRUCTIONS: 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.
KEMDA CONSTRUCTIONS
Largest movements
- Tangible fixed assets -€17,376
down €17,376 (-15.9%), from €109,627 to €92,251
of which Furniture and vehicles: -€9,818
- Cash +€13,877
up €13,877 (+14.8%), from €93,843 to €107,720
mainly Depreciation (+€18,826) and Net result for the year (+€3,861)
- Receivables within one year +€3,721
up €3,721 (+24.8%), from €15,026 to €18,747
of which Other amounts receivable: +€2,957
- Debts after one year -€9,062
down €9,062 (-9.9%), from €91,811 to €82,749
- Accrued charges and deferred income +€3,451
up €3,451 (+125.2%), from €2,757 to €6,208
- Reserves +€3,028
up €3,028 (+4.4%), from €68,120 to €71,148
of which Distributable reserves: +€3,028
- Gross operating margin +€4,562
up €4,562 (+17.8%), from €25,640 to €30,203
- Taxes +€1,133
up €1,133 (+311.3%), from €364 to €1,497
- Financial income -€851
down €851 (-87.0%), from €978 to €127
- Financial charges -€721
down €721 (-14.2%), from €5,091 to €4,369
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 | €223,961 | €223,908 | -€53 | 0.0% |
| Fixed assets | 21/28 | €109,627 | €92,251 | -€17,376 | -15.9% |
| Tangible fixed assets | 22/27 | €109,627 | €92,251 | -€17,376 | -15.9% |
| Land and buildings | 22 | €87,680 | €81,060 | -€6,620 | -7.6% |
| Plant, machinery and equipment | 23 | €2,997 | €2,059 | -€938 | -31.3% |
| Furniture and vehicles | 24 | €18,950 | €9,132 | -€9,818 | -51.8% |
| Current assets | 29/58 | €114,333 | €131,657 | +€17,323 | +15.2% |
| Stocks and contracts in progress | 3 | €529 | €248 | -€281 | -53.1% |
| Stocks | 30/36 | €529 | €248 | -€281 | -53.1% |
| Amounts receivable within one year | 40/41 | €15,026 | €18,747 | +€3,721 | +24.8% |
| Trade receivables | 40 | €10,587 | €11,351 | +€764 | +7.2% |
| Other amounts receivable | 41 | €4,439 | €7,396 | +€2,957 | +66.6% |
| Cash at bank and in hand | 54/58 | €93,843 | €107,720 | +€13,877 | +14.8% |
| Deferred charges and accrued income | 490/1 | €4,936 | €4,942 | +€6 | +0.1% |
| Total equity and liabilities | 10/49 | €223,961 | €223,908 | -€53 | 0.0% |
| Equity | 10/15 | €86,670 | €89,698 | +€3,028 | +3.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €68,120 | €71,148 | +€3,028 | +4.4% |
| Tax-exempt reserves | 132 | €5,356 | €5,356 | = | 0.0% |
| Distributable reserves | 133 | €62,764 | €65,792 | +€3,028 | +4.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €137,290 | €134,210 | -€3,081 | -2.2% |
| Amounts payable after more than one year | 17 | €91,811 | €82,749 | -€9,062 | -9.9% |
| Financial debts | 170/4 | €91,811 | €82,749 | -€9,062 | -9.9% |
| Amounts payable within one year | 42/48 | €42,722 | €45,253 | +€2,531 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €10,018 | €9,062 | -€956 | -9.5% |
| Trade debts | 44 | €4,872 | €5,162 | +€290 | +6.0% |
| Suppliers | 440/4 | €4,872 | €5,162 | +€290 | +6.0% |
| Advances received on contracts in progress | 46 | - | €1,244 | +€1,244 | |
| Taxes, remuneration and social security | 45 | €13 | €303 | +€290 | +2320.3% |
| Taxes | 450/3 | €13 | €303 | +€290 | +2320.3% |
| Other amounts payable | 47/48 | €27,820 | €29,482 | +€1,662 | +6.0% |
| Accrued charges and deferred income | 492/3 | €2,757 | €6,208 | +€3,451 | +125.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,610 | €18,826 | +€216 | +1.2% |
| Other operating charges | 640/8 | €1,731 | €1,776 | +€45 | +2.6% |
| Gross operating margin | 9900 | €25,640 | €30,203 | +€4,562 | +17.8% |
| Operating profit (loss) | 9901 | €5,299 | €9,601 | +€4,301 | +81.2% |
| Financial income | 75/76B | €978 | €127 | -€851 | -87.0% |
| Recurring financial income | 75 | €978 | €127 | -€851 | -87.0% |
| Financial charges | 65/66B | €5,091 | €4,369 | -€721 | -14.2% |
| Recurring financial charges | 65 | €5,091 | €4,369 | -€721 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €1,186 | €5,358 | +€4,172 | +351.6% |
| Income taxes | 67/77 | €364 | €1,497 | +€1,133 | +311.3% |
| Profit (loss) for the period | 9904 | €822 | €3,861 | +€3,038 | +369.5% |
| Profit (loss) for the period to be appropriated | 9905 | €822 | €3,861 | +€3,038 | +369.5% |
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 29 September 2026 via checked.be.