KEMP: what changed
KEMP
Largest movements
- Current investments +€350,698
up €350,698 (+1,042%), from €33,656 to €384,353
- Cash -€235,844
down €235,844 (-41.6%), from €566,312 to €330,468
mainly Current investments (-€350,698) and Receivables within one year (-€75,999)
- Receivables within one year +€75,999
up €75,999 (+95.7%), from €79,433 to €155,432
of which Trade receivables: +€84,556
- Tangible fixed assets +€17,508
up €17,508 (+9.6%), from €182,590 to €200,098
of which Furniture and vehicles: +€29,829
- Reserves +€200,000
up €200,000 (+116%), from €171,860 to €371,860
of which Distributable reserves: +€200,000
- Tax, wage and social debts +€23,501
up €23,501 (+183%), from €12,812 to €36,314
of which Taxes: +€23,153
- Debts after one year -€17,293
down €17,293 (-17.5%), from €98,608 to €81,315
- Gross operating margin +€31,181
up €31,181 (+9.4%), from €330,971 to €362,152
- Taxes +€14,014
up €14,014 (+19.1%), from €73,347 to €87,361
- Financial income +€13,740
up €13,740 (+384%), from €3,574 to €17,314
- Staff costs +€7,755
up €7,755 (+15.6%), from €49,568 to €57,323
- Write-downs -€6,959
no longer reported in 2025 (was €6,959)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €861,990 | €1,070,352 | +€208,361 | +24.2% |
| Fixed assets | 21/28 | €182,590 | €200,098 | +€17,508 | +9.6% |
| Tangible fixed assets | 22/27 | €182,590 | €200,098 | +€17,508 | +9.6% |
| Land and buildings | 22 | €165,554 | €155,234 | -€10,320 | -6.2% |
| Plant, machinery and equipment | 23 | €8,900 | €6,899 | -€2,001 | -22.5% |
| Furniture and vehicles | 24 | €8,136 | €37,964 | +€29,829 | +367% |
| Current assets | 29/58 | €679,400 | €870,254 | +€190,853 | +28.1% |
| Amounts receivable within one year | 40/41 | €79,433 | €155,432 | +€75,999 | +95.7% |
| Trade receivables | 40 | €57,173 | €141,729 | +€84,556 | +148% |
| Other amounts receivable | 41 | €22,259 | €13,703 | -€8,556 | -38.4% |
| Current investments | 50/53 | €33,656 | €384,353 | +€350,698 | +1,042% |
| Cash at bank and in hand | 54/58 | €566,312 | €330,468 | -€235,844 | -41.6% |
| Total equity and liabilities | 10/49 | €861,990 | €1,070,352 | +€208,361 | +24.2% |
| Equity | 10/15 | €729,655 | €931,486 | +€201,831 | +27.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €171,860 | €371,860 | +€200,000 | +116% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €170,000 | €370,000 | +€200,000 | +118% |
| Profit (loss) carried forward | 14 | €507,810 | €509,641 | +€1,831 | +0.4% |
| Investment grants | 15 | €31,385 | €31,385 | = | 0.0% |
| Amounts payable | 17/49 | €132,336 | €138,866 | +€6,530 | +4.9% |
| Amounts payable after more than one year | 17 | €98,608 | €81,315 | -€17,293 | -17.5% |
| Financial debts | 170/4 | €98,608 | €81,315 | -€17,293 | -17.5% |
| Amounts payable within one year | 42/48 | €33,728 | €57,551 | +€23,823 | +70.6% |
| Current portion of amounts payable after more than one year | 42 | €17,024 | €17,293 | +€269 | +1.6% |
| Trade debts | 44 | €3,892 | €3,244 | -€648 | -16.6% |
| Suppliers | 440/4 | €3,892 | €3,244 | -€648 | -16.6% |
| Taxes, remuneration and social security | 45 | €12,812 | €36,314 | +€23,501 | +183% |
| Taxes | 450/3 | €5,791 | €28,944 | +€23,153 | +400% |
| Remuneration and social security | 454/9 | €7,021 | €7,369 | +€348 | +5.0% |
| Other amounts payable | 47/48 | - | €701 | +€701 | |
| Remuneration, social security and pensions | 62 | €49,568 | €57,323 | +€7,755 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,768 | €27,643 | -€1,125 | -3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,959 | - | -€6,959 | |
| Other operating charges | 640/8 | €2,351 | €3,116 | +€765 | +32.6% |
| Gross operating margin | 9900 | €330,971 | €362,152 | +€31,181 | +9.4% |
| Operating profit (loss) | 9901 | €243,325 | €274,069 | +€30,744 | +12.6% |
| Financial income | 75/76B | €3,574 | €17,314 | +€13,740 | +384% |
| Recurring financial income | 75 | €3,574 | €17,314 | +€13,740 | +384% |
| Financial charges | 65/66B | €2,858 | €2,191 | -€667 | -23.3% |
| Recurring financial charges | 65 | €2,858 | €2,191 | -€667 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €244,040 | €289,192 | +€45,152 | +18.5% |
| Income taxes | 67/77 | €73,347 | €87,361 | +€14,014 | +19.1% |
| Profit (loss) for the period | 9904 | €170,693 | €201,831 | +€31,137 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €170,693 | €201,831 | +€31,137 | +18.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.