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
- Cash -€8,875
down €8,875 (-66.4%), from €13,369 to €4,494
mainly Deferred charges and accrued income (-€6,166) and Investment in fixed assets (net) (-€5,435)
- Tangible fixed assets -€7,569
down €7,569 (-9.7%), from €77,992 to €70,423
of which Land and buildings: -€8,045
- Deferred charges and accrued income +€6,166
up €6,166 (+255.9%), from €2,409 to €8,575
- Stocks and contracts +€3,415
up €3,415 (+168.1%), from €2,031 to €5,446
- Debts after one year -€5,272
down €5,272 (-42.4%), from €12,442 to €7,171
- Trade debts -€2,775
down €2,775 (-29.7%), from €9,350 to €6,575
- Tax, wage and social debts -€1,855
down €1,855 (-21.5%), from €8,634 to €6,779
of which Taxes: -€5,315
- Gross operating margin -€13,917
down €13,917 (-20.7%), from €67,201 to €53,284
- Depreciation -€4,326
down €4,326 (-25.0%), from €17,331 to €13,005
- Staff costs -€2,374
down €2,374 (-6.3%), from €37,659 to €35,284
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 | €109,615 | €101,755 | -€7,861 | -7.2% |
| Fixed assets | 21/28 | €77,992 | €70,423 | -€7,569 | -9.7% |
| Tangible fixed assets | 22/27 | €77,992 | €70,423 | -€7,569 | -9.7% |
| Land and buildings | 22 | €64,683 | €56,638 | -€8,045 | -12.4% |
| Plant, machinery and equipment | 23 | €8,682 | €9,059 | +€377 | +4.3% |
| Furniture and vehicles | 24 | €4,627 | €4,726 | +€99 | +2.1% |
| Current assets | 29/58 | €31,623 | €31,332 | -€291 | -0.9% |
| Stocks and contracts in progress | 3 | €2,031 | €5,446 | +€3,415 | +168.1% |
| Stocks | 30/36 | €2,031 | €5,446 | +€3,415 | +168.1% |
| Amounts receivable within one year | 40/41 | €13,814 | €12,817 | -€997 | -7.2% |
| Trade receivables | 40 | €13,814 | €12,817 | -€997 | -7.2% |
| Cash at bank and in hand | 54/58 | €13,369 | €4,494 | -€8,875 | -66.4% |
| Deferred charges and accrued income | 490/1 | €2,409 | €8,575 | +€6,166 | +255.9% |
| Total equity and liabilities | 10/49 | €109,615 | €101,755 | -€7,861 | -7.2% |
| Equity | 10/15 | €59,491 | €60,408 | +€917 | +1.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €9,491 | €10,408 | +€917 | +9.7% |
| Distributable reserves | 133 | €9,491 | €10,408 | +€917 | +9.7% |
| Amounts payable | 17/49 | €50,124 | €41,346 | -€8,778 | -17.5% |
| Amounts payable after more than one year | 17 | €12,442 | €7,171 | -€5,272 | -42.4% |
| Financial debts | 170/4 | €12,442 | €7,171 | -€5,272 | -42.4% |
| Amounts payable within one year | 42/48 | €37,682 | €34,176 | -€3,506 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €5,182 | €5,272 | +€89 | +1.7% |
| Trade debts | 44 | €9,350 | €6,575 | -€2,775 | -29.7% |
| Suppliers | 440/4 | €9,350 | €6,575 | -€2,775 | -29.7% |
| Taxes, remuneration and social security | 45 | €8,634 | €6,779 | -€1,855 | -21.5% |
| Taxes | 450/3 | €8,634 | €3,319 | -€5,315 | -61.6% |
| Remuneration and social security | 454/9 | - | €3,460 | +€3,460 | |
| Other amounts payable | 47/48 | €14,515 | €15,550 | +€1,035 | +7.1% |
| Remuneration, social security and pensions | 62 | €37,659 | €35,284 | -€2,374 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,331 | €13,005 | -€4,326 | -25.0% |
| Other operating charges | 640/8 | €3,451 | €3,605 | +€154 | +4.5% |
| Gross operating margin | 9900 | €67,201 | €53,284 | -€13,917 | -20.7% |
| Operating profit (loss) | 9901 | €8,761 | €1,391 | -€7,370 | -84.1% |
| Financial income | 75/76B | €0 | €5 | +€4 | +1075.0% |
| Recurring financial income | 75 | €0 | €5 | +€4 | +1075.0% |
| Financial charges | 65/66B | €600 | €478 | -€122 | -20.3% |
| Recurring financial charges | 65 | €600 | €478 | -€122 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €8,161 | €917 | -€7,244 | -88.8% |
| Profit (loss) for the period | 9904 | €8,161 | €917 | -€7,244 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,161 | €917 | -€7,244 | -88.8% |
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.