KEMPENEERS: 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.
KEMPENEERS
Largest movements
- Tangible fixed assets -€218,028
down €218,028 (-13.9%), from €1.6m to €1.4m
of which Furniture and vehicles: -€138,811
- Cash -€74,184
down €74,184 (-33.7%), from €220,433 to €146,250
mainly Other debts (-€200,000) and Investment in fixed assets (net) (-€155,877)
- Receivables within one year +€73,883
up €73,883 (+10.6%), from €694,194 to €768,077
of which Trade receivables: +€88,543
- Other debts -€200,000
down €200,000 (-27.2%), from €736,452 to €536,452
- Debts after one year -€96,462
down €96,462 (-13.9%), from €694,772 to €598,311
- Accrued charges and deferred income +€31,421
up €31,421 (+106%), from €29,617 to €61,038
- Gross operating margin +€34,134
up €34,134 (+8.2%), from €413,874 to €448,008
- Financial charges +€14,222
up €14,222 (+35.7%), from €39,846 to €54,067
- Depreciation +€10,437
up €10,437 (+2.9%), from €363,468 to €373,905
- Financial income -€8,098
down €8,098 (-47.0%), from €17,248 to €9,149
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 | €2,606,545 | €2,367,991 | -€238,554 | -9.2% |
| Fixed assets | 21/28 | €1,569,136 | €1,351,108 | -€218,028 | -13.9% |
| Tangible fixed assets | 22/27 | €1,568,731 | €1,350,703 | -€218,028 | -13.9% |
| Land and buildings | 22 | €733,865 | €774,795 | +€40,930 | +5.6% |
| Plant, machinery and equipment | 23 | €404,911 | €284,765 | -€120,146 | -29.7% |
| Furniture and vehicles | 24 | €429,955 | €291,144 | -€138,811 | -32.3% |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €1,037,409 | €1,016,883 | -€20,526 | -2.0% |
| Stocks and contracts in progress | 3 | €122,781 | €102,556 | -€20,225 | -16.5% |
| Stocks | 30/36 | €12,781 | €15,056 | +€2,275 | +17.8% |
| Contracts in progress | 37 | €110,000 | €87,500 | -€22,500 | -20.5% |
| Amounts receivable within one year | 40/41 | €694,194 | €768,077 | +€73,883 | +10.6% |
| Trade receivables | 40 | €278,746 | €367,288 | +€88,543 | +31.8% |
| Other amounts receivable | 41 | €415,449 | €400,789 | -€14,660 | -3.5% |
| Cash at bank and in hand | 54/58 | €220,433 | €146,250 | -€74,184 | -33.7% |
| Total equity and liabilities | 10/49 | €2,606,545 | €2,367,991 | -€238,554 | -9.2% |
| Equity | 10/15 | €894,512 | €905,455 | +€10,943 | +1.2% |
| Contributions | 10/11 | €273,000 | €273,000 | = | 0.0% |
| Capital | 10 | €273,000 | €273,000 | = | 0.0% |
| Issued capital | 100 | €273,000 | €273,000 | = | 0.0% |
| Reserves | 13 | €621,512 | €632,455 | +€10,943 | +1.8% |
| Non-distributable reserves | 130/1 | €27,300 | €27,300 | = | 0.0% |
| Legal reserve | 130 | €27,300 | €27,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €574,212 | €585,155 | +€10,943 | +1.9% |
| Amounts payable | 17/49 | €1,712,032 | €1,462,536 | -€249,497 | -14.6% |
| Amounts payable after more than one year | 17 | €694,772 | €598,311 | -€96,462 | -13.9% |
| Financial debts | 170/4 | €694,772 | €598,311 | -€96,462 | -13.9% |
| Amounts payable within one year | 42/48 | €987,644 | €803,188 | -€184,456 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €96,146 | €102,015 | +€5,868 | +6.1% |
| Trade debts | 44 | €139,535 | €137,874 | -€1,661 | -1.2% |
| Suppliers | 440/4 | €139,535 | €137,874 | -€1,661 | -1.2% |
| Taxes, remuneration and social security | 45 | €15,511 | €26,848 | +€11,337 | +73.1% |
| Taxes | 450/3 | €12,431 | €26,848 | +€14,416 | +116% |
| Remuneration and social security | 454/9 | €3,079 | - | -€3,079 | |
| Other amounts payable | 47/48 | €736,452 | €536,452 | -€200,000 | -27.2% |
| Accrued charges and deferred income | 492/3 | €29,617 | €61,038 | +€31,421 | +106% |
| Non-recurring operating income | 76A | €58 | - | -€58 | |
| Remuneration, social security and pensions | 62 | €5,065 | €7,768 | +€2,702 | +53.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €363,468 | €373,905 | +€10,437 | +2.9% |
| Other operating charges | 640/8 | €10,419 | €10,474 | +€55 | +0.5% |
| Non-recurring operating charges | 66A | €7,777 | - | -€7,777 | |
| Gross operating margin | 9900 | €413,874 | €448,008 | +€34,134 | +8.2% |
| Operating profit (loss) | 9901 | €27,145 | €55,861 | +€28,717 | +106% |
| Financial income | 75/76B | €17,248 | €9,149 | -€8,098 | -47.0% |
| Recurring financial income | 75 | €17,248 | €9,149 | -€8,098 | -47.0% |
| Financial charges | 65/66B | €39,846 | €54,067 | +€14,222 | +35.7% |
| Recurring financial charges | 65 | €39,846 | €54,067 | +€14,222 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | €4,547 | €10,943 | +€6,396 | +141% |
| Income taxes | 67/77 | €517 | - | -€517 | |
| Profit (loss) for the period | 9904 | €4,029 | €10,943 | +€6,914 | +172% |
| Profit (loss) for the period to be appropriated | 9905 | €4,029 | €10,943 | +€6,914 | +172% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.