KEMP: 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.
KEMP
Largest movements
- Stocks and contracts +€59,646
up €59,646 (+33.3%), from €179,112 to €238,758
of which Stocks: +€59,646
- Deferred charges and accrued income -€56,628
down €56,628 (-56.4%), from €100,336 to €43,708
- Cash +€53,025
up €53,025 (+56.2%), from €94,297 to €147,322
mainly Debts after one year (+€57,877) and Deferred charges and accrued income (+€56,628)
- Receivables within one year -€46,005
down €46,005 (-20.8%), from €220,969 to €174,964
of which Trade receivables: -€46,005
- Tangible fixed assets +€22,993
up €22,993 (+24.3%), from €94,745 to €117,738
of which Furniture and vehicles: +€21,194
- Debts after one year +€57,877
up €57,877 (+36.3%), from €159,605 to €217,482
of which Financial debts: +€57,877
- Accrued charges and deferred income -€23,442
down €23,442 (-50.4%), from €46,523 to €23,080
- Debts within one year -€17,091
down €17,091 (-6.5%), from €263,992 to €246,901
of which Trade debts: -€52,038
- Profit (loss) carried forward +€13,274
up €13,274 (+5.2%), from €255,406 to €268,680
- Turnover -€871,101
no longer reported in 2025 (was €871,101)
- Purchases and services -€634,626
no longer reported in 2025 (was €634,626)
- Gross operating margin -€43,634
down €43,634 (-10.5%), from €413,897 to €370,263
- Staff costs -€38,582
down €38,582 (-11.1%), from €348,479 to €309,896
- Other operating charges -€16,458
down €16,458 (-70.6%), from €23,297 to €6,839
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 | €725,799 | €756,416 | +€30,618 | +4.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €131,085 | €151,666 | +€20,581 | +15.7% |
| Intangible fixed assets | 21 | €14,796 | €13,146 | -€1,650 | -11.2% |
| Tangible fixed assets | 22/27 | €94,745 | €117,738 | +€22,993 | +24.3% |
| Land and buildings | 22 | €8,146 | €11,749 | +€3,603 | +44.2% |
| Plant, machinery and equipment | 23 | €47,889 | €46,085 | -€1,804 | -3.8% |
| Furniture and vehicles | 24 | €38,711 | €59,904 | +€21,194 | +54.7% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €21,544 | €20,782 | -€762 | -3.5% |
| Current assets | 29/58 | €594,714 | €604,751 | +€10,037 | +1.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €179,112 | €238,758 | +€59,646 | +33.3% |
| Stocks | 30/36 | €179,112 | €238,758 | +€59,646 | +33.3% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €220,969 | €174,964 | -€46,005 | -20.8% |
| Trade receivables | 40 | €220,808 | €174,803 | -€46,005 | -20.8% |
| Other amounts receivable | 41 | €161 | €161 | = | 0.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €94,297 | €147,322 | +€53,025 | +56.2% |
| Deferred charges and accrued income | 490/1 | €100,336 | €43,708 | -€56,628 | -56.4% |
| Total equity and liabilities | 10/49 | €725,799 | €756,416 | +€30,618 | +4.2% |
| Equity | 10/15 | €255,679 | €268,953 | +€13,274 | +5.2% |
| Contributions | 10/11 | €273 | €273 | = | 0.0% |
| Capital | 10 | €273 | €273 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €255,406 | €268,680 | +€13,274 | +5.2% |
| Investment grants | 15 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Taxes | 161 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €470,120 | €487,463 | +€17,344 | +3.7% |
| Amounts payable after more than one year | 17 | €159,605 | €217,482 | +€57,877 | +36.3% |
| Financial debts | 170/4 | €159,605 | €217,482 | +€57,877 | +36.3% |
| Trade debts | 175 | €0 | - | = | |
| Advances received on contracts in progress | 176 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €263,992 | €246,901 | -€17,091 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €25,319 | €28,773 | +€3,454 | +13.6% |
| Credit institutions | 430/8 | €25,319 | €28,773 | +€3,454 | +13.6% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €157,315 | €105,277 | -€52,038 | -33.1% |
| Suppliers | 440/4 | €157,315 | €105,277 | -€52,038 | -33.1% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €79,245 | €110,774 | +€31,529 | +39.8% |
| Taxes | 450/3 | €30,695 | €64,875 | +€34,180 | +111.4% |
| Remuneration and social security | 454/9 | €48,550 | €45,899 | -€2,651 | -5.5% |
| Accrued charges and deferred income | 492/3 | €46,523 | €23,080 | -€23,442 | -50.4% |
| Turnover | 70 | €871,101 | - | -€871,101 | |
| Non-recurring operating income | 76A | €168,613 | - | -€168,613 | |
| Goods, raw materials, services and sundry goods | 60/61 | €634,626 | - | -€634,626 | |
| Remuneration, social security and pensions | 62 | €348,479 | €309,896 | -€38,582 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,412 | €48,132 | +€5,720 | +13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €23,297 | €6,839 | -€16,458 | -70.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €413,897 | €370,263 | -€43,634 | -10.5% |
| Operating profit (loss) | 9901 | -€290 | €5,396 | +€5,686 | |
| Financial income | 75/76B | €1,034 | €9,415 | +€8,381 | +810.6% |
| Recurring financial income | 75 | €1,034 | €7,299 | +€6,265 | +605.9% |
| Non-recurring financial income | 76B | €0 | €2,116 | +€2,116 | |
| Financial charges | 65/66B | €20,427 | €8,452 | -€11,976 | -58.6% |
| Recurring financial charges | 65 | €20,427 | €8,452 | -€11,976 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | -€19,683 | €6,360 | +€26,043 | |
| Income taxes | 67/77 | - | -€6,914 | -€6,914 | |
| Profit (loss) for the period | 9904 | -€19,683 | €13,274 | +€32,957 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,683 | €13,274 | +€32,957 |
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.