KEMPE: 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.
KEMPE
Largest movements
- Tangible fixed assets -€51,839
down €51,839 (-19.9%), from €261,062 to €209,223
of which Furniture and vehicles: -€46,148
- Deferred charges and accrued income -€6,006
down €6,006 (-85.4%), from €7,031 to €1,025
- Debts after one year -€50,020
down €50,020 (-17.3%), from €289,270 to €239,251
- Reserves +€14,543
up €14,543 (+40.8%), from €35,624 to €50,168
- Current portion of long-term debt -€12,572
down €12,572 (-40.2%), from €31,242 to €18,671
- Other debts +€5,838
up €5,838 (+22.5%), from €25,955 to €31,793
- Trade debts -€5,824
down €5,824 (-100.0%), from €5,824 to €0
- Gross operating margin +€46,577
up €46,577, from -€950 to €45,627
- Depreciation -€9,957
down €9,957 (-61.3%), from €16,243 to €6,286
- Financial charges +€5,655
up €5,655 (+87.5%), from €6,459 to €12,114
- Taxes +€3,759
up €3,759 (+1455.3%), from €258 to €4,018
- Other operating charges +€1,406
up €1,406 (+124.2%), from €1,132 to €2,538
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 | €399,052 | €345,377 | -€53,674 | -13.5% |
| Fixed assets | 21/28 | €361,062 | €309,223 | -€51,839 | -14.4% |
| Tangible fixed assets | 22/27 | €261,062 | €209,223 | -€51,839 | -19.9% |
| Land and buildings | 22 | €206,877 | €202,026 | -€4,851 | -2.3% |
| Furniture and vehicles | 24 | €47,628 | €1,480 | -€46,148 | -96.9% |
| Other tangible fixed assets | 26 | €6,557 | €5,717 | -€840 | -12.8% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €37,990 | €36,155 | -€1,835 | -4.8% |
| Amounts receivable within one year | 40/41 | €25,636 | €29,089 | +€3,454 | +13.5% |
| Trade receivables | 40 | €8,912 | €12,590 | +€3,678 | +41.3% |
| Other amounts receivable | 41 | €16,724 | €16,499 | -€225 | -1.3% |
| Cash at bank and in hand | 54/58 | €5,323 | €6,041 | +€718 | +13.5% |
| Deferred charges and accrued income | 490/1 | €7,031 | €1,025 | -€6,006 | -85.4% |
| Total equity and liabilities | 10/49 | €399,052 | €345,377 | -€53,674 | -13.5% |
| Equity | 10/15 | €38,124 | €52,668 | +€14,543 | +38.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €35,624 | €50,168 | +€14,543 | +40.8% |
| Distributable reserves | 133 | €35,624 | €50,168 | +€14,543 | +40.8% |
| Amounts payable | 17/49 | €360,927 | €292,710 | -€68,217 | -18.9% |
| Amounts payable after more than one year | 17 | €289,270 | €239,251 | -€50,020 | -17.3% |
| Financial debts | 170/4 | €289,270 | €239,251 | -€50,020 | -17.3% |
| Amounts payable within one year | 42/48 | €70,977 | €52,815 | -€18,162 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €31,242 | €18,671 | -€12,572 | -40.2% |
| Financial debts | 43 | €246 | €211 | -€35 | -14.4% |
| Credit institutions | 430/8 | €246 | €211 | -€35 | -14.4% |
| Trade debts | 44 | €5,824 | €0 | -€5,824 | -100.0% |
| Suppliers | 440/4 | €5,824 | €0 | -€5,824 | -100.0% |
| Taxes, remuneration and social security | 45 | €7,709 | €2,141 | -€5,569 | -72.2% |
| Taxes | 450/3 | €7,709 | €2,141 | -€5,569 | -72.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €25,955 | €31,793 | +€5,838 | +22.5% |
| Accrued charges and deferred income | 492/3 | €681 | €644 | -€36 | -5.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,243 | €6,286 | -€9,957 | -61.3% |
| Other operating charges | 640/8 | €1,132 | €2,538 | +€1,406 | +124.2% |
| Non-recurring operating charges | 66A | - | €6,128 | +€6,128 | |
| Gross operating margin | 9900 | -€950 | €45,627 | +€46,577 | |
| Operating profit (loss) | 9901 | -€18,325 | €30,675 | +€49,000 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €6,459 | €12,114 | +€5,655 | +87.5% |
| Recurring financial charges | 65 | €6,459 | €12,114 | +€5,655 | +87.5% |
| Profit (loss) for the period before taxes | 9903 | -€24,784 | €18,561 | +€43,345 | |
| Income taxes | 67/77 | €258 | €4,018 | +€3,759 | +1455.3% |
| Profit (loss) for the period | 9904 | -€25,042 | €14,543 | +€39,585 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,042 | €14,543 | +€39,585 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.