KEMIMO: 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.
KEMIMO
Largest movements
- Receivables within one year +€207,745
up €207,745 (+736%), from €28,233 to €235,978
of which Trade receivables: +€205,745
- Tangible fixed assets +€78,506
up €78,506 (+5.4%), from €1.5m to €1.5m
- Cash -€44,853
down €44,853 (-45.5%), from €98,573 to €53,719
mainly Receivables within one year (-€207,745) and Investment in fixed assets (net) (-€119,088)
- Advances received +€242,000
up €242,000 (+114%), from €211,750 to €453,750
- Debts after one year -€48,758
down €48,758 (-4.8%), from €1.0m to €967,413
- Trade debts +€32,230
new in 2025: €32,230
- Depreciation -€42,954
down €42,954 (-51.4%), from €83,536 to €40,582
- Gross operating margin -€36,609
down €36,609 (-24.2%), from €151,257 to €114,648
- Taxes +€13,389
up €13,389 (+73.2%), from €18,295 to €31,684
- Other operating charges -€3,691
down €3,691 (-65.4%), from €5,641 to €1,949
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,582,893 | €1,824,291 | +€241,398 | +15.3% |
| Fixed assets | 21/28 | €1,456,088 | €1,534,594 | +€78,506 | +5.4% |
| Tangible fixed assets | 22/27 | €1,456,088 | €1,534,594 | +€78,506 | +5.4% |
| Land and buildings | 22 | €1,413,115 | €1,448,523 | +€35,408 | +2.5% |
| Plant, machinery and equipment | 23 | €37,984 | €45,122 | +€7,138 | +18.8% |
| Furniture and vehicles | 24 | €4,990 | €40,949 | +€35,959 | +721% |
| Current assets | 29/58 | €126,805 | €289,698 | +€162,892 | +128% |
| Amounts receivable within one year | 40/41 | €28,233 | €235,978 | +€207,745 | +736% |
| Trade receivables | 40 | €28,233 | €233,978 | +€205,745 | +729% |
| Other amounts receivable | 41 | - | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €98,573 | €53,719 | -€44,853 | -45.5% |
| Total equity and liabilities | 10/49 | €1,582,893 | €1,824,291 | +€241,398 | +15.3% |
| Equity | 10/15 | €242,220 | €259,275 | +€17,056 | +7.0% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €220,220 | €237,275 | +€17,056 | +7.7% |
| Distributable reserves | 133 | €220,220 | €237,275 | +€17,056 | +7.7% |
| Amounts payable | 17/49 | €1,340,674 | €1,565,016 | +€224,342 | +16.7% |
| Amounts payable after more than one year | 17 | €1,016,172 | €967,413 | -€48,758 | -4.8% |
| Financial debts | 170/4 | €1,016,172 | €967,413 | -€48,758 | -4.8% |
| Amounts payable within one year | 42/48 | €324,502 | €597,603 | +€273,101 | +84.2% |
| Current portion of amounts payable after more than one year | 42 | €47,844 | €48,758 | +€915 | +1.9% |
| Trade debts | 44 | - | €32,230 | +€32,230 | |
| Suppliers | 440/4 | - | €32,230 | +€32,230 | |
| Advances received on contracts in progress | 46 | €211,750 | €453,750 | +€242,000 | +114% |
| Taxes, remuneration and social security | 45 | €51,133 | €62,864 | +€11,731 | +22.9% |
| Taxes | 450/3 | €51,133 | €62,864 | +€11,731 | +22.9% |
| Other amounts payable | 47/48 | €13,775 | - | -€13,775 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,536 | €40,582 | -€42,954 | -51.4% |
| Other operating charges | 640/8 | €5,641 | €1,949 | -€3,691 | -65.4% |
| Gross operating margin | 9900 | €151,257 | €114,648 | -€36,609 | -24.2% |
| Operating profit (loss) | 9901 | €62,080 | €72,117 | +€10,037 | +16.2% |
| Financial charges | 65/66B | €22,005 | €23,377 | +€1,372 | +6.2% |
| Recurring financial charges | 65 | €22,005 | €23,377 | +€1,372 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €40,075 | €48,739 | +€8,664 | +21.6% |
| Income taxes | 67/77 | €18,295 | €31,684 | +€13,389 | +73.2% |
| Profit (loss) for the period | 9904 | €21,780 | €17,056 | -€4,725 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,780 | €17,056 | -€4,725 | -21.7% |
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 16 October 2026 via checked.be.