Kempenland: 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.
Kempenland
Largest movements
- Stocks and contracts -€478,903
no longer reported in 2025 (was €478,903)
- Cash +€403,765
up €403,765 (+279%), from €144,488 to €548,254
mainly Current portion of long-term debt (+€750,294) and Stocks and contracts (+€478,903)
- Current investments +€325,352
up €325,352 (+15.3%), from €2.1m to €2.5m
- Tangible fixed assets -€63,284
down €63,284 (-3.3%), from €1.9m to €1.8m
of which Land and buildings: -€62,062
- Debts after one year -€793,505
down €793,505 (-90.8%), from €874,035 to €80,530
- Current portion of long-term debt +€750,294
up €750,294 (+1,736%), from €43,210 to €793,505
- Reserves +€216,210
up €216,210 (+7.4%), from €2.9m to €3.1m
of which Distributable reserves: +€216,210
- Financial income +€187,738
up €187,738 (+151%), from €123,995 to €311,734
- Staff costs -€22,690
down €22,690 (-28.4%), from €79,869 to €57,179
- Other operating charges +€5,577
up €5,577 (+11.9%), from €46,928 to €52,505
- Depreciation -€3,751
down €3,751 (-4.8%), from €77,636 to €73,884
- Financial charges +€1,807
up €1,807 (+3.2%), from €57,158 to €58,965
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 | €6,106,202 | €6,265,129 | +€158,926 | +2.6% |
| Fixed assets | 21/28 | €3,234,071 | €3,170,787 | -€63,284 | -2.0% |
| Tangible fixed assets | 22/27 | €1,892,930 | €1,829,645 | -€63,284 | -3.3% |
| Land and buildings | 22 | €1,508,816 | €1,446,754 | -€62,062 | -4.1% |
| Plant, machinery and equipment | 23 | €905 | €95 | -€810 | -89.5% |
| Other tangible fixed assets | 26 | €383,209 | €382,797 | -€413 | -0.1% |
| Financial fixed assets | 28 | €1,341,141 | €1,341,141 | = | 0.0% |
| Current assets | 29/58 | €2,872,131 | €3,094,342 | +€222,211 | +7.7% |
| Stocks and contracts in progress | 3 | €478,903 | - | -€478,903 | |
| Stocks | 30/36 | €478,903 | - | -€478,903 | |
| Amounts receivable within one year | 40/41 | €90,231 | €61,882 | -€28,349 | -31.4% |
| Trade receivables | 40 | €74,080 | €44,769 | -€29,311 | -39.6% |
| Other amounts receivable | 41 | €16,150 | €17,113 | +€962 | +6.0% |
| Current investments | 50/53 | €2,127,042 | €2,452,394 | +€325,352 | +15.3% |
| Cash at bank and in hand | 54/58 | €144,488 | €548,254 | +€403,765 | +279% |
| Deferred charges and accrued income | 490/1 | €31,467 | €31,813 | +€346 | +1.1% |
| Total equity and liabilities | 10/49 | €6,106,202 | €6,265,129 | +€158,926 | +2.6% |
| Equity | 10/15 | €4,599,088 | €4,815,299 | +€216,210 | +4.7% |
| Contributions | 10/11 | €1,675,000 | €1,675,000 | = | 0.0% |
| Capital | 10 | €1,675,000 | €1,675,000 | = | 0.0% |
| Issued capital | 100 | €1,675,000 | €1,675,000 | = | 0.0% |
| Reserves | 13 | €2,924,088 | €3,140,299 | +€216,210 | +7.4% |
| Non-distributable reserves | 130/1 | €167,500 | €167,500 | = | 0.0% |
| Legal reserve | 130 | €167,500 | €167,500 | = | 0.0% |
| Distributable reserves | 133 | €2,756,588 | €2,972,799 | +€216,210 | +7.8% |
| Amounts payable | 17/49 | €1,507,114 | €1,449,830 | -€57,284 | -3.8% |
| Amounts payable after more than one year | 17 | €874,035 | €80,530 | -€793,505 | -90.8% |
| Financial debts | 170/4 | €874,035 | €80,530 | -€793,505 | -90.8% |
| Amounts payable within one year | 42/48 | €633,079 | €1,369,299 | +€736,221 | +116% |
| Current portion of amounts payable after more than one year | 42 | €43,210 | €793,505 | +€750,294 | +1,736% |
| Trade debts | 44 | €59,165 | €21,779 | -€37,386 | -63.2% |
| Suppliers | 440/4 | €59,165 | €21,779 | -€37,386 | -63.2% |
| Taxes, remuneration and social security | 45 | €17,419 | €21,031 | +€3,612 | +20.7% |
| Remuneration and social security | 454/9 | €17,419 | €21,031 | +€3,612 | +20.7% |
| Other amounts payable | 47/48 | €513,284 | €532,984 | +€19,700 | +3.8% |
| Non-recurring operating income | 76A | - | €157,600 | +€157,600 | |
| Remuneration, social security and pensions | 62 | €79,869 | €57,179 | -€22,690 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,636 | €73,884 | -€3,751 | -4.8% |
| Other operating charges | 640/8 | €46,928 | €52,505 | +€5,577 | +11.9% |
| Gross operating margin | 9900 | €147,680 | €147,011 | -€669 | -0.5% |
| Operating profit (loss) | 9901 | -€56,753 | -€36,558 | +€20,195 | +35.6% |
| Financial income | 75/76B | €123,995 | €311,734 | +€187,738 | +151% |
| Recurring financial income | 75 | €123,995 | €311,734 | +€187,738 | +151% |
| Financial charges | 65/66B | €57,158 | €58,965 | +€1,807 | +3.2% |
| Recurring financial charges | 65 | €57,158 | €58,965 | +€1,807 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €10,084 | €216,210 | +€206,126 | +2,044% |
| Profit (loss) for the period | 9904 | €10,084 | €216,210 | +€206,126 | +2,044% |
| Profit (loss) for the period to be appropriated | 9905 | €10,084 | €216,210 | +€206,126 | +2,044% |
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 28 October 2026 via checked.be.