Kempen Consult: 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.
Kempen Consult
Largest movements
- Cash +€33,572
up €33,572 (+223%), from €15,039 to €48,611
mainly Other debts (+€37,057) and Current investments (+€32,000)
- Current investments -€32,000
down €32,000 (-100%), from €32,000 to €0
- Tangible fixed assets -€16,242
down €16,242 (-23.2%), from €69,973 to €53,731
- Receivables within one year -€8,470
down €8,470 (-61.4%), from €13,794 to €5,324
- Reserves -€39,639
down €39,639 (-100%), from €39,639 to €0
- Other debts +€37,057
up €37,057 (+2,131%), from €1,739 to €38,796
- Debts after one year -€15,672
down €15,672 (-29.5%), from €53,168 to €37,496
- Trade debts -€3,251
down €3,251 (-100%), from €3,251 to €0
- Tax, wage and social debts -€2,708
down €2,708 (-17.5%), from €15,460 to €12,752
of which Taxes: -€2,708
- Gross operating margin -€22,819
down €22,819 (-49.3%), from €46,305 to €23,486
- Depreciation +€5,003
up €5,003 (+44.5%), from €11,239 to €16,242
- Taxes -€4,237
down €4,237 (-74.0%), from €5,727 to €1,491
- Financial income +€1,216
new in 2025: €1,216
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.
Derived cash bridge
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 | €131,298 | €107,666 | -€23,632 | -18.0% |
| Fixed assets | 21/28 | €69,973 | €53,731 | -€16,242 | -23.2% |
| Tangible fixed assets | 22/27 | €69,973 | €53,731 | -€16,242 | -23.2% |
| Leasing and similar rights | 25 | €69,973 | €53,731 | -€16,242 | -23.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €61,325 | €53,935 | -€7,390 | -12.1% |
| Amounts receivable within one year | 40/41 | €13,794 | €5,324 | -€8,470 | -61.4% |
| Trade receivables | 40 | €13,794 | €5,324 | -€8,470 | -61.4% |
| Current investments | 50/53 | €32,000 | €0 | -€32,000 | -100% |
| Cash at bank and in hand | 54/58 | €15,039 | €48,611 | +€33,572 | +223% |
| Deferred charges and accrued income | 490/1 | €492 | €0 | -€492 | -100% |
| Total equity and liabilities | 10/49 | €131,298 | €107,666 | -€23,632 | -18.0% |
| Equity | 10/15 | €41,639 | €2,000 | -€39,639 | -95.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €39,639 | €0 | -€39,639 | -100% |
| Distributable reserves | 133 | €39,639 | €0 | -€39,639 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €89,659 | €105,666 | +€16,007 | +17.9% |
| Amounts payable after more than one year | 17 | €53,168 | €37,496 | -€15,672 | -29.5% |
| Financial debts | 170/4 | €53,168 | €37,496 | -€15,672 | -29.5% |
| Amounts payable within one year | 42/48 | €35,541 | €67,220 | +€31,678 | +89.1% |
| Current portion of amounts payable after more than one year | 42 | €15,092 | €15,672 | +€579 | +3.8% |
| Trade debts | 44 | €3,251 | €0 | -€3,251 | -100% |
| Suppliers | 440/4 | €3,251 | €0 | -€3,251 | -100% |
| Taxes, remuneration and social security | 45 | €15,460 | €12,752 | -€2,708 | -17.5% |
| Taxes | 450/3 | €13,460 | €10,752 | -€2,708 | -20.1% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €1,739 | €38,796 | +€37,057 | +2,131% |
| Accrued charges and deferred income | 492/3 | €950 | €950 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,239 | €16,242 | +€5,003 | +44.5% |
| Other operating charges | 640/8 | €622 | €585 | -€37 | -5.9% |
| Gross operating margin | 9900 | €46,305 | €23,486 | -€22,819 | -49.3% |
| Operating profit (loss) | 9901 | €34,444 | €6,659 | -€27,786 | -80.7% |
| Financial income | 75/76B | - | €1,216 | +€1,216 | |
| Recurring financial income | 75 | - | €1,216 | +€1,216 | |
| Financial charges | 65/66B | €2,195 | €2,426 | +€230 | +10.5% |
| Recurring financial charges | 65 | €2,195 | €2,426 | +€230 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €32,249 | €5,449 | -€26,800 | -83.1% |
| Income taxes | 67/77 | €5,727 | €1,491 | -€4,237 | -74.0% |
| Profit (loss) for the period | 9904 | €26,522 | €3,958 | -€22,564 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,522 | €3,958 | -€22,564 | -85.1% |
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 24 October 2026 via checked.be.