KEMITO: 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.
KEMITO
Largest movements
- Receivables within one year +€164,018
up €164,018 (+378.6%), from €43,320 to €207,338
of which Other amounts receivable: +€161,562
- Tangible fixed assets -€123,585
down €123,585 (-9.5%), from €1.3m to €1.2m
of which Plant, machinery and equipment: -€65,438
- Other debts +€193,181
up €193,181 (+39.6%), from €487,530 to €680,711
- Short-term financial debts -€167,522
no longer reported in 2025 (was €167,522)
- Debts after one year -€154,920
down €154,920 (-35.4%), from €437,264 to €282,344
- Current portion of long-term debt +€154,919
new in 2025: €154,919
- Reserves +€21,833
up €21,833 (+9.8%), from €222,821 to €244,654
of which Distributable reserves: +€21,833
- Gross operating margin +€20,495
up €20,495 (+13.4%), from €153,276 to €173,771
- Taxes +€5,941
up €5,941 (+296.0%), from €2,007 to €7,948
- Financial charges -€1,920
down €1,920 (-9.0%), from €21,326 to €19,406
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 | €1,361,266 | €1,392,783 | +€31,517 | +2.3% |
| Fixed assets | 21/28 | €1,307,173 | €1,183,588 | -€123,585 | -9.5% |
| Tangible fixed assets | 22/27 | €1,307,173 | €1,183,588 | -€123,585 | -9.5% |
| Plant, machinery and equipment | 23 | €605,583 | €540,145 | -€65,438 | -10.8% |
| Furniture and vehicles | 24 | €4,001 | €3,201 | -€800 | -20.0% |
| Leasing and similar rights | 25 | €697,589 | €640,242 | -€57,347 | -8.2% |
| Current assets | 29/58 | €54,093 | €209,195 | +€155,102 | +286.7% |
| Amounts receivable within one year | 40/41 | €43,320 | €207,338 | +€164,018 | +378.6% |
| Trade receivables | 40 | €12,953 | €15,409 | +€2,456 | +19.0% |
| Other amounts receivable | 41 | €30,367 | €191,929 | +€161,562 | +532.0% |
| Cash at bank and in hand | 54/58 | €10,773 | €1,857 | -€8,916 | -82.8% |
| Total equity and liabilities | 10/49 | €1,361,266 | €1,392,783 | +€31,517 | +2.3% |
| Equity | 10/15 | €235,321 | €257,154 | +€21,833 | +9.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €222,821 | €244,654 | +€21,833 | +9.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €220,966 | €242,799 | +€21,833 | +9.9% |
| Amounts payable | 17/49 | €1,125,945 | €1,135,629 | +€9,684 | +0.9% |
| Amounts payable after more than one year | 17 | €437,264 | €282,344 | -€154,920 | -35.4% |
| Financial debts | 170/4 | €437,264 | €282,344 | -€154,920 | -35.4% |
| Amounts payable within one year | 42/48 | €688,681 | €853,285 | +€164,604 | +23.9% |
| Current portion of amounts payable after more than one year | 42 | - | €154,919 | +€154,919 | |
| Financial debts | 43 | €167,522 | - | -€167,522 | |
| Credit institutions | 430/8 | €167,522 | - | -€167,522 | |
| Trade debts | 44 | €11,512 | €7,700 | -€3,812 | -33.1% |
| Suppliers | 440/4 | €11,512 | €7,700 | -€3,812 | -33.1% |
| Taxes, remuneration and social security | 45 | €22,117 | €9,955 | -€12,162 | -55.0% |
| Taxes | 450/3 | €22,117 | €9,955 | -€12,162 | -55.0% |
| Other amounts payable | 47/48 | €487,530 | €680,711 | +€193,181 | +39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,586 | €123,586 | = | 0.0% |
| Other operating charges | 640/8 | €1,000 | €998 | -€2 | -0.2% |
| Gross operating margin | 9900 | €153,276 | €173,771 | +€20,495 | +13.4% |
| Operating profit (loss) | 9901 | €28,690 | €49,187 | +€20,497 | +71.4% |
| Financial charges | 65/66B | €21,326 | €19,406 | -€1,920 | -9.0% |
| Recurring financial charges | 65 | €21,326 | €19,406 | -€1,920 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €7,364 | €29,781 | +€22,417 | +304.4% |
| Income taxes | 67/77 | €2,007 | €7,948 | +€5,941 | +296.0% |
| Profit (loss) for the period | 9904 | €5,357 | €21,833 | +€16,476 | +307.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,357 | €21,833 | +€16,476 | +307.6% |
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 3 October 2026 via checked.be.