KEMPA: 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.
KEMPA
Largest movements
- Tangible fixed assets -€129,743
down €129,743 (-6.1%), from €2.1m to €2.0m
- Intangible fixed assets -€71,740
down €71,740 (-20.0%), from €358,698 to €286,959
- Cash +€52,468
up €52,468 (+23.9%), from €219,814 to €272,282
mainly Depreciation (+€211,482) and Net result for the year (+€112,647)
- Debts after one year -€228,070
down €228,070 (-27.1%), from €840,423 to €612,353
- Profit (loss) carried forward +€112,647
up €112,647 (+30.4%), from €370,274 to €482,921
- Current portion of long-term debt -€44,129
down €44,129 (-16.2%), from €272,261 to €228,131
- Depreciation -€57,411
down €57,411 (-21.4%), from €268,893 to €211,482
- Taxes +€8,374
up €8,374 (+16.0%), from €52,338 to €60,712
- Financial charges -€5,759
down €5,759 (-14.0%), from €41,253 to €35,494
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 | €2,714,372 | €2,565,363 | -€149,009 | -5.5% |
| Fixed assets | 21/28 | €2,490,105 | €2,288,623 | -€201,482 | -8.1% |
| Intangible fixed assets | 21 | €358,698 | €286,959 | -€71,740 | -20.0% |
| Tangible fixed assets | 22/27 | €2,131,407 | €2,001,664 | -€129,743 | -6.1% |
| Land and buildings | 22 | €2,131,407 | €2,001,664 | -€129,743 | -6.1% |
| Current assets | 29/58 | €224,267 | €276,741 | +€52,473 | +23.4% |
| Amounts receivable within one year | 40/41 | €3,925 | €3,925 | = | 0.0% |
| Trade receivables | 40 | €3,925 | €3,925 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €219,814 | €272,282 | +€52,468 | +23.9% |
| Deferred charges and accrued income | 490/1 | €528 | €533 | +€5 | +0.9% |
| Total equity and liabilities | 10/49 | €2,714,372 | €2,565,363 | -€149,009 | -5.5% |
| Equity | 10/15 | €1,043,404 | €1,156,051 | +€112,647 | +10.8% |
| Contributions | 10/11 | €229,333 | €229,333 | = | 0.0% |
| Capital | 10 | €229,333 | €229,333 | = | 0.0% |
| Issued capital | 100 | €229,333 | €229,333 | = | 0.0% |
| Reserves | 13 | €443,797 | €443,797 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,933 | €22,933 | = | 0.0% |
| Legal reserve | 130 | €22,933 | €22,933 | = | 0.0% |
| Tax-exempt reserves | 132 | €863 | €863 | = | 0.0% |
| Distributable reserves | 133 | €420,000 | €420,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €370,274 | €482,921 | +€112,647 | +30.4% |
| Amounts payable | 17/49 | €1,670,969 | €1,409,313 | -€261,656 | -15.7% |
| Amounts payable after more than one year | 17 | €840,423 | €612,353 | -€228,070 | -27.1% |
| Financial debts | 170/4 | €840,423 | €612,353 | -€228,070 | -27.1% |
| Amounts payable within one year | 42/48 | €829,578 | €795,899 | -€33,678 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €272,261 | €228,131 | -€44,129 | -16.2% |
| Financial debts | 43 | €16,082 | €16,858 | +€777 | +4.8% |
| Credit institutions | 430/8 | €16,082 | €16,858 | +€777 | +4.8% |
| Trade debts | 44 | €354 | €1,167 | +€813 | +229.5% |
| Suppliers | 440/4 | €354 | €1,167 | +€813 | +229.5% |
| Taxes, remuneration and social security | 45 | €1,838 | €712 | -€1,126 | -61.3% |
| Taxes | 450/3 | €1,838 | €712 | -€1,126 | -61.3% |
| Other amounts payable | 47/48 | €539,043 | €549,030 | +€9,987 | +1.9% |
| Accrued charges and deferred income | 492/3 | €968 | €1,060 | +€92 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €268,893 | €211,482 | -€57,411 | -21.4% |
| Other operating charges | 640/8 | €48,182 | €50,308 | +€2,125 | +4.4% |
| Gross operating margin | 9900 | €469,717 | €470,643 | +€926 | +0.2% |
| Operating profit (loss) | 9901 | €152,642 | €208,853 | +€56,211 | +36.8% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €41,253 | €35,494 | -€5,759 | -14.0% |
| Recurring financial charges | 65 | €41,253 | €35,494 | -€5,759 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €111,397 | €173,359 | +€61,962 | +55.6% |
| Transfer from deferred taxes | 780 | €8,911 | - | -€8,911 | |
| Income taxes | 67/77 | €52,338 | €60,712 | +€8,374 | +16.0% |
| Profit (loss) for the period | 9904 | €67,969 | €112,647 | +€44,678 | +65.7% |
| Transfer from tax-exempt reserves | 789 | €17,305 | - | -€17,305 | |
| Transfer to tax-exempt reserves | 689 | €16,508 | - | -€16,508 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,766 | €112,647 | +€43,881 | +63.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.