KEMPENEER CAR: 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.
KEMPENEER CAR
Largest movements
- Stocks and contracts +€31,094
up €31,094 (+14.0%), from €221,794 to €252,888
- Tangible fixed assets +€15,660
up €15,660 (+14.5%), from €107,869 to €123,529
of which Furniture and vehicles: +€36,120
- Receivables within one year -€12,091
down €12,091 (-16.9%), from €71,728 to €59,636
of which Trade receivables: -€27,414
- Cash +€6,776
up €6,776 (+111,083%), from €6 to €6,782
mainly Trade debts (+€37,717) and Depreciation (+€26,408)
- Trade debts +€37,717
up €37,717 (+115%), from €32,797 to €70,514
- Profit (loss) carried forward +€19,512
up €19,512 (+36.6%), from -€53,347 to -€33,835
- Short-term financial debts -€17,235
down €17,235 (-14.2%), from €121,637 to €104,401
- Other debts +€6,909
up €6,909 (+5.5%), from €125,545 to €132,454
- Staff costs +€18,900
up €18,900 (+11.4%), from €166,431 to €185,331
- Financial charges -€9,729
down €9,729 (-61.6%), from €15,796 to €6,067
- Depreciation -€5,609
down €5,609 (-17.5%), from €32,016 to €26,408
- Gross operating margin -€5,248
down €5,248 (-2.1%), from €244,995 to €239,747
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 | €402,652 | €445,017 | +€42,365 | +10.5% |
| Fixed assets | 21/28 | €107,869 | €123,529 | +€15,660 | +14.5% |
| Tangible fixed assets | 22/27 | €107,869 | €123,529 | +€15,660 | +14.5% |
| Plant, machinery and equipment | 23 | €42,484 | €40,101 | -€2,383 | -5.6% |
| Furniture and vehicles | 24 | €619 | €36,739 | +€36,120 | +5,837% |
| Leasing and similar rights | 25 | €61,587 | €44,251 | -€17,337 | -28.1% |
| Other tangible fixed assets | 26 | €3,179 | €2,437 | -€741 | -23.3% |
| Current assets | 29/58 | €294,783 | €321,488 | +€26,705 | +9.1% |
| Stocks and contracts in progress | 3 | €221,794 | €252,888 | +€31,094 | +14.0% |
| Stocks | 30/36 | €221,794 | €252,888 | +€31,094 | +14.0% |
| Amounts receivable within one year | 40/41 | €71,728 | €59,636 | -€12,091 | -16.9% |
| Trade receivables | 40 | €71,728 | €44,313 | -€27,414 | -38.2% |
| Other amounts receivable | 41 | - | €15,323 | +€15,323 | |
| Cash at bank and in hand | 54/58 | €6 | €6,782 | +€6,776 | +111,083% |
| Deferred charges and accrued income | 490/1 | €1,255 | €2,181 | +€927 | +73.8% |
| Total equity and liabilities | 10/49 | €402,652 | €445,017 | +€42,365 | +10.5% |
| Equity | 10/15 | -€21,981 | -€2,469 | +€19,512 | +88.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €12,774 | €12,774 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,800 | €8,800 | = | 0.0% |
| Distributable reserves | 133 | €3,974 | €3,974 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,347 | -€33,835 | +€19,512 | +36.6% |
| Amounts payable | 17/49 | €424,632 | €447,486 | +€22,853 | +5.4% |
| Amounts payable after more than one year | 17 | €83,660 | €83,694 | +€34 | 0.0% |
| Financial debts | 170/4 | €83,660 | €83,694 | +€34 | 0.0% |
| Amounts payable within one year | 42/48 | €340,973 | €363,792 | +€22,819 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €32,129 | €31,439 | -€690 | -2.1% |
| Financial debts | 43 | €121,637 | €104,401 | -€17,235 | -14.2% |
| Credit institutions | 430/8 | €121,637 | €104,401 | -€17,235 | -14.2% |
| Trade debts | 44 | €32,797 | €70,514 | +€37,717 | +115% |
| Suppliers | 440/4 | €32,797 | €70,514 | +€37,717 | +115% |
| Taxes, remuneration and social security | 45 | €28,865 | €24,984 | -€3,882 | -13.4% |
| Taxes | 450/3 | €15,972 | €9,882 | -€6,090 | -38.1% |
| Remuneration and social security | 454/9 | €12,893 | €15,102 | +€2,209 | +17.1% |
| Other amounts payable | 47/48 | €125,545 | €132,454 | +€6,909 | +5.5% |
| Remuneration, social security and pensions | 62 | €166,431 | €185,331 | +€18,900 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,016 | €26,408 | -€5,609 | -17.5% |
| Other operating charges | 640/8 | €4,305 | €2,432 | -€1,873 | -43.5% |
| Non-recurring operating charges | 66A | €1,438 | - | -€1,438 | |
| Gross operating margin | 9900 | €244,995 | €239,747 | -€5,248 | -2.1% |
| Operating profit (loss) | 9901 | €40,805 | €25,577 | -€15,228 | -37.3% |
| Financial income | 75/76B | €48 | €2 | -€46 | -95.9% |
| Recurring financial income | 75 | €48 | €2 | -€46 | -95.9% |
| Financial charges | 65/66B | €15,796 | €6,067 | -€9,729 | -61.6% |
| Recurring financial charges | 65 | €15,796 | €6,067 | -€9,729 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €25,057 | €19,512 | -€5,545 | -22.1% |
| Profit (loss) for the period | 9904 | €25,057 | €19,512 | -€5,545 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,057 | €19,512 | -€5,545 | -22.1% |
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 28 October 2026 via checked.be.