KEMPENSE EXPORTSTAL: 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.
KEMPENSE EXPORTSTAL
Largest movements
- Cash +€57,309
up €57,309 (+233.9%), from €24,503 to €81,812
mainly Net result for the year (+€51,327) and Accrued charges and deferred income (+€20,537)
- Receivables within one year +€23,991
up €23,991 (+117.4%), from €20,438 to €44,429
of which Trade receivables: +€24,377
- Tangible fixed assets +€8,535
up €8,535 (+71.0%), from €12,021 to €20,556
of which Plant, machinery and equipment: +€5,353
- Reserves +€51,327
up €51,327 (+300.9%), from €17,061 to €68,388
- Accrued charges and deferred income +€20,537
new in 2025: €20,537
- Tax, wage and social debts +€11,760
up €11,760 (+416.6%), from €2,823 to €14,583
of which Taxes: +€9,065
- Trade debts +€6,210
up €6,210 (+34.3%), from €18,079 to €24,289
- Gross operating margin +€89,452
up €89,452 (+2573.0%), from €3,477 to €92,929
- Taxes +€19,455
up €19,455 (+21862.5%), from €89 to €19,544
- Staff costs +€8,528
new in 2025: €8,528
- Other operating charges +€8,307
up €8,307 (+1022.2%), from €813 to €9,120
- Depreciation +€2,107
up €2,107 (+93.8%), from €2,245 to €4,352
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 | €63,462 | €153,297 | +€89,835 | +141.6% |
| Fixed assets | 21/28 | €12,021 | €20,556 | +€8,535 | +71.0% |
| Tangible fixed assets | 22/27 | €12,021 | €20,556 | +€8,535 | +71.0% |
| Plant, machinery and equipment | 23 | €735 | €6,088 | +€5,353 | +728.4% |
| Furniture and vehicles | 24 | €11,286 | €14,467 | +€3,182 | +28.2% |
| Current assets | 29/58 | €51,442 | €132,741 | +€81,300 | +158.0% |
| Stocks and contracts in progress | 3 | €6,500 | €6,500 | = | 0.0% |
| Stocks | 30/36 | €6,500 | €6,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,438 | €44,429 | +€23,991 | +117.4% |
| Trade receivables | 40 | €14,409 | €38,786 | +€24,377 | +169.2% |
| Other amounts receivable | 41 | €6,029 | €5,643 | -€386 | -6.4% |
| Cash at bank and in hand | 54/58 | €24,503 | €81,812 | +€57,309 | +233.9% |
| Total equity and liabilities | 10/49 | €63,462 | €153,297 | +€89,835 | +141.6% |
| Equity | 10/15 | €37,061 | €88,388 | +€51,327 | +138.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €17,061 | €68,388 | +€51,327 | +300.9% |
| Distributable reserves | 133 | €17,061 | €68,388 | +€51,327 | +300.9% |
| Amounts payable | 17/49 | €26,402 | €64,910 | +€38,508 | +145.9% |
| Amounts payable within one year | 42/48 | €26,402 | €44,372 | +€17,970 | +68.1% |
| Financial debts | 43 | €5,500 | €5,500 | = | 0.0% |
| Other loans | 439 | €5,500 | €5,500 | = | 0.0% |
| Trade debts | 44 | €18,079 | €24,289 | +€6,210 | +34.3% |
| Suppliers | 440/4 | €18,079 | €24,289 | +€6,210 | +34.3% |
| Taxes, remuneration and social security | 45 | €2,823 | €14,583 | +€11,760 | +416.6% |
| Taxes | 450/3 | €2,823 | €11,888 | +€9,065 | +321.2% |
| Remuneration and social security | 454/9 | - | €2,695 | +€2,695 | |
| Accrued charges and deferred income | 492/3 | - | €20,537 | +€20,537 | |
| Remuneration, social security and pensions | 62 | - | €8,528 | +€8,528 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,245 | €4,352 | +€2,107 | +93.8% |
| Other operating charges | 640/8 | €813 | €9,120 | +€8,307 | +1022.2% |
| Gross operating margin | 9900 | €3,477 | €92,929 | +€89,452 | +2573.0% |
| Operating profit (loss) | 9901 | €419 | €70,929 | +€70,510 | +16837.8% |
| Financial charges | 65/66B | €155 | €57 | -€98 | -63.2% |
| Recurring financial charges | 65 | €155 | €57 | -€98 | -63.2% |
| Profit (loss) for the period before taxes | 9903 | €263 | €70,871 | +€70,608 | +26800.3% |
| Income taxes | 67/77 | €89 | €19,544 | +€19,455 | +21862.5% |
| Profit (loss) for the period | 9904 | €174 | €51,327 | +€51,153 | +29318.8% |
| Profit (loss) for the period to be appropriated | 9905 | €174 | €51,327 | +€51,153 | +29318.8% |
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 11 October 2026 via checked.be.