KEMEL: 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.
KEMEL
Largest movements
- Cash +€13,751
up €13,751 (+31.8%), from €43,226 to €56,977
mainly Net result for the year (+€33,671) and Depreciation (+€15,400)
- Tangible fixed assets -€8,574
down €8,574 (-3.4%), from €254,886 to €246,312
of which Land and buildings: -€9,153
- Receivables within one year -€3,487
down €3,487 (-85.8%), from €4,066 to €579
- Profit (loss) carried forward +€36,566
up €36,566 (+48.9%), from -€74,805 to -€38,239
- Other debts -€14,689
down €14,689 (-10.3%), from €142,984 to €128,295
- Debts after one year -€10,772
down €10,772 (-38.8%), from €27,788 to €17,016
of which Financial debts: -€10,772
- Advances received -€8,412
down €8,412 (-50.8%), from €16,565 to €8,153
- Trade debts +€3,963
up €3,963 (+793%), from €500 to €4,463
- Gross operating margin +€12,580
up €12,580 (+31.0%), from €40,642 to €53,222
- Depreciation -€2,759
down €2,759 (-15.2%), from €18,159 to €15,400
- Other operating charges +€1,119
up €1,119 (+39.6%), from €2,829 to €3,948
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €303,328 | €304,759 | +€1,431 | +0.5% |
| Fixed assets | 21/28 | €255,276 | €246,702 | -€8,574 | -3.4% |
| Tangible fixed assets | 22/27 | €254,886 | €246,312 | -€8,574 | -3.4% |
| Land and buildings | 22 | €254,498 | €245,345 | -€9,153 | -3.6% |
| Furniture and vehicles | 24 | €388 | €967 | +€579 | +149% |
| Financial fixed assets | 28 | €390 | €390 | = | 0.0% |
| Current assets | 29/58 | €48,052 | €58,057 | +€10,005 | +20.8% |
| Amounts receivable within one year | 40/41 | €4,066 | €579 | -€3,487 | -85.8% |
| Trade receivables | 40 | €4,066 | €579 | -€3,487 | -85.8% |
| Cash at bank and in hand | 54/58 | €43,226 | €56,977 | +€13,751 | +31.8% |
| Deferred charges and accrued income | 490/1 | €760 | €501 | -€259 | -34.1% |
| Total equity and liabilities | 10/49 | €303,328 | €304,759 | +€1,431 | +0.5% |
| Equity | 10/15 | €62,959 | €96,630 | +€33,671 | +53.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €75,764 | €72,869 | -€2,895 | -3.8% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Legal reserve | 130 | €500 | €500 | = | 0.0% |
| Tax-exempt reserves | 132 | €75,264 | €72,369 | -€2,895 | -3.8% |
| Profit (loss) carried forward | 14 | -€74,805 | -€38,239 | +€36,566 | +48.9% |
| Provisions and deferred taxes | 16 | €38,755 | €37,265 | -€1,490 | -3.8% |
| Deferred taxes | 168 | €38,755 | €37,265 | -€1,490 | -3.8% |
| Amounts payable | 17/49 | €201,614 | €170,864 | -€30,750 | -15.3% |
| Amounts payable after more than one year | 17 | €27,788 | €17,016 | -€10,772 | -38.8% |
| Financial debts | 170/4 | €25,549 | €14,777 | -€10,772 | -42.2% |
| Other amounts payable | 178/9 | €2,239 | €2,239 | = | 0.0% |
| Amounts payable within one year | 42/48 | €173,826 | €153,848 | -€19,978 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €11,274 | €11,274 | = | 0.0% |
| Trade debts | 44 | €500 | €4,463 | +€3,963 | +793% |
| Suppliers | 440/4 | €500 | €4,463 | +€3,963 | +793% |
| Advances received on contracts in progress | 46 | €16,565 | €8,153 | -€8,412 | -50.8% |
| Taxes, remuneration and social security | 45 | €2,503 | €1,663 | -€840 | -33.6% |
| Taxes | 450/3 | €2,503 | €1,663 | -€840 | -33.6% |
| Other amounts payable | 47/48 | €142,984 | €128,295 | -€14,689 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,159 | €15,400 | -€2,759 | -15.2% |
| Other operating charges | 640/8 | €2,829 | €3,948 | +€1,119 | +39.6% |
| Non-recurring operating charges | 66A | €302 | €164 | -€138 | -45.7% |
| Gross operating margin | 9900 | €40,642 | €53,222 | +€12,580 | +31.0% |
| Operating profit (loss) | 9901 | €19,352 | €33,710 | +€14,358 | +74.2% |
| Financial income | 75/76B | €1 | €511 | +€510 | +51,000% |
| Recurring financial income | 75 | €1 | €272 | +€271 | +27,100% |
| Non-recurring financial income | 76B | €1 | €239 | +€238 | +23,800% |
| Financial charges | 65/66B | €1,511 | €1,847 | +€336 | +22.2% |
| Recurring financial charges | 65 | €1,511 | €1,847 | +€336 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €17,842 | €32,374 | +€14,532 | +81.4% |
| Transfer from deferred taxes | 780 | €1,490 | €1,491 | +€1 | +0.1% |
| Income taxes | 67/77 | €155 | €194 | +€39 | +25.2% |
| Profit (loss) for the period | 9904 | €19,177 | €33,671 | +€14,494 | +75.6% |
| Transfer from tax-exempt reserves | 789 | €2,895 | €2,895 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,072 | €36,566 | +€14,494 | +65.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.