KEMPES: what changed
Two fiscal 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.
What changed
KEMPES
NACE 47.639, Retail sale of other sporting goods
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€566,321
2024 · €520,867+€45,454
Equity
€1.2m
2024 · €1.4m-€269,398
Cash
€254,186
2024 · €956,918-€702,732
Balance sheet total
€7.5m
2024 · €6.6m+€905,106
Largest movements
Assets
- Receivables within one year +€1.6m
up €1.6m (+327.7%), from €477,226 to €2.0m
of which Other amounts receivable: +€955,855
- Cash -€702,732
down €702,732 (-73.4%), from €956,918 to €254,186
mainly Receivables within one year (-€1.6m) and Contributions, distributions and other (-€835,719)
Equity and liabilities
- Other debts +€1.1m
up €1.1m (+21806.7%), from €4,900 to €1.1m
- Debts after one year -€444,198
down €444,198 (-12.9%), from €3.5m to €3.0m
- Reserves -€269,398
down €269,398 (-25.9%), from €1.0m to €770,575
- Current portion of long-term debt +€212,209
up €212,209 (+38.3%), from €553,872 to €766,081
- Trade debts +€156,679
up €156,679 (+86.4%), from €181,272 to €337,951
Income statement
- Turnover +€1.4m
up €1.4m (+33.8%), from €4.3m to €5.7m
- Services and other goods +€1.3m
up €1.3m (+107.1%), from €1.2m to €2.5m
- Staff costs +€193,477
up €193,477 (+18.3%), from €1.1m to €1.3m
- Taxes -€152,821
down €152,821 (-87.3%), from €175,021 to €22,200
- Goods and materials +€73,568
up €73,568 (+14.8%), from €495,668 to €569,235
of which Purchases: +€71,453
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.
Result 2024
€520,867
Turnover
+€1.4m
Other operating income
-€10,042
Goods and materials
-€73,568
Services and other goods
-€1.3m
Staff costs
-€193,477
Depreciation
-€2,477
Write-downs
+€8,309
Other operating charges
+€212
Other operating items
-€1,393
Financial income
+€24,119
Financial charges
-€3,593
Taxes
+€152,821
Result 2025
€566,321
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.
From operations
+€893,224
Investment
-€528,248
Financing
-€1.1m
Cash 2024
€956,918
From operations (derived)
+€893,224
Net result for the year
+€566,321
Depreciation
+€482,988
Smaller working-capital items
+€1,330
Receivables within one year
-€1.6m
Trade debts
+€156,679
Tax, wage and social debts
+€88,337
Advances received
-€4,257
Other debts
+€1.1m
Accrued charges and deferred income
+€97,207
Investment (derived)
-€528,248
Investment in fixed assets (net)
-€528,248
Financing
-€1.1m
Debts after one year
-€444,198
Current portion of long-term debt
+€212,209
Contributions, distributions and other
-€835,719
Cash 2025
€254,186
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,642,292 | €7,547,398 | +€905,106 | +13.6% |
| Fixed assets | 21/28 | €5,095,482 | €5,140,741 | +€45,259 | +0.9% |
| Intangible fixed assets | 21 | €42,473 | €44,322 | +€1,849 | +4.4% |
| Tangible fixed assets | 22/27 | €5,040,165 | €5,089,669 | +€49,504 | +1.0% |
| Land and buildings | 22 | €18,963 | €364,587 | +€345,624 | +1822.6% |
| Furniture and vehicles | 24 | €33,791 | €19,168 | -€14,623 | -43.3% |
| Other tangible fixed assets | 26 | €4,855,723 | €4,683,087 | -€172,636 | -3.6% |
| Assets under construction and advance payments | 27 | €131,688 | €22,827 | -€108,862 | -82.7% |
| Financial fixed assets | 28 | €12,844 | €6,750 | -€6,094 | -47.4% |
| Other financial fixed assets | 284/8 | €12,844 | €6,750 | -€6,094 | -47.4% |
| Amounts receivable and cash guarantees | 285/8 | €12,844 | €6,750 | -€6,094 | -47.4% |
| Current assets | 29/58 | €1,546,810 | €2,406,657 | +€859,847 | +55.6% |
| Stocks and contracts in progress | 3 | €31,235 | €30,722 | -€513 | -1.6% |
| Stocks | 30/36 | €31,235 | €30,722 | -€513 | -1.6% |
| Goods purchased for resale | 34 | €31,235 | €30,722 | -€513 | -1.6% |
| Amounts receivable within one year | 40/41 | €477,226 | €2,041,134 | +€1.6m | +327.7% |
| Trade receivables | 40 | €321,413 | €929,467 | +€608,054 | +189.2% |
| Other amounts receivable | 41 | €155,813 | €1,111,668 | +€955,855 | +613.5% |
| Cash at bank and in hand | 54/58 | €956,918 | €254,186 | -€702,732 | -73.4% |
| Deferred charges and accrued income | 490/1 | €81,433 | €80,615 | -€818 | -1.0% |
| Total equity and liabilities | 10/49 | €6,642,292 | €7,547,398 | +€905,106 | +13.6% |
| Equity | 10/15 | €1,424,974 | €1,155,575 | -€269,398 | -18.9% |
| Contributions | 10/11 | €385,000 | €385,000 | = | 0.0% |
| Reserves | 13 | €1,039,974 | €770,575 | -€269,398 | -25.9% |
| Distributable reserves | 133 | €1,039,974 | €770,575 | -€269,398 | -25.9% |
| Amounts payable | 17/49 | €5,217,318 | €6,391,823 | +€1.2m | +22.5% |
| Amounts payable after more than one year | 17 | €3,453,350 | €3,009,153 | -€444,198 | -12.9% |
| Financial debts | 170/4 | €3,453,350 | €3,009,153 | -€444,198 | -12.9% |
| Subordinated loans | 170 | €1,209,299 | €989,796 | -€219,503 | -18.2% |
| Credit institutions | 173 | €2,244,052 | €2,019,357 | -€224,695 | -10.0% |
| Amounts payable within one year | 42/48 | €1,740,036 | €3,261,532 | +€1.5m | +87.4% |
| Current portion of amounts payable after more than one year | 42 | €553,872 | €766,081 | +€212,209 | +38.3% |
| Financial debts | 43 | €800,000 | €800,000 | = | 0.0% |
| Credit institutions | 430/8 | €800,000 | €800,000 | = | 0.0% |
| Trade debts | 44 | €181,272 | €337,951 | +€156,679 | +86.4% |
| Suppliers | 440/4 | €181,272 | €337,951 | +€156,679 | +86.4% |
| Advances received on contracts in progress | 46 | €4,257 | €0 | -€4,257 | -100.0% |
| Taxes, remuneration and social security | 45 | €195,736 | €284,072 | +€88,337 | +45.1% |
| Taxes | 450/3 | €70,958 | €136,816 | +€65,858 | +92.8% |
| Remuneration and social security | 454/9 | €124,778 | €147,256 | +€22,478 | +18.0% |
| Other amounts payable | 47/48 | €4,900 | €1,073,428 | +€1.1m | +21806.7% |
| Accrued charges and deferred income | 492/3 | €23,931 | €121,138 | +€97,207 | +406.2% |
| Operating income | 70/76A | €4,277,903 | €5,706,569 | +€1.4m | +33.4% |
| Turnover | 70 | €4,257,085 | €5,695,793 | +€1.4m | +33.8% |
| Other operating income | 74 | €20,817 | €10,776 | -€10,042 | -48.2% |
| Operating charges | 60/66A | €3,286,706 | €4,843,265 | +€1.6m | +47.4% |
| Goods for resale, raw materials and consumables | 60 | €495,668 | €569,235 | +€73,568 | +14.8% |
| Purchases | 600/8 | €497,269 | €568,723 | +€71,453 | +14.4% |
| Change in stocks: decrease (increase) | 609 | -€1,602 | €513 | +€2,114 | |
| Services and other goods | 61 | €1,207,856 | €2,502,022 | +€1.3m | +107.1% |
| Remuneration, social security and pensions | 62 | €1,059,786 | €1,253,263 | +€193,477 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €480,511 | €482,988 | +€2,477 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,235 | -€1,074 | -€8,309 | |
| Other operating charges | 640/8 | €35,650 | €35,438 | -€212 | -0.6% |
| Non-recurring operating charges | 66A | - | €1,393 | +€1,393 | |
| Operating profit (loss) | 9901 | €991,197 | €863,304 | -€127,893 | -12.9% |
| Financial income | 75/76B | €4,082 | €28,201 | +€24,119 | +590.9% |
| Recurring financial income | 75 | €4,082 | €28,201 | +€24,119 | +590.9% |
| Income from current assets | 751 | €4,082 | €9,884 | +€5,802 | +142.1% |
| Other financial income | 752/9 | €0 | €18,316 | +€18,316 | |
| Financial charges | 65/66B | €299,391 | €302,984 | +€3,593 | +1.2% |
| Recurring financial charges | 65 | €299,391 | €302,984 | +€3,593 | +1.2% |
| Debt charges | 650 | €249,953 | €235,690 | -€14,263 | -5.7% |
| Other financial charges | 652/9 | €49,437 | €67,294 | +€17,857 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | €695,888 | €588,520 | -€107,368 | -15.4% |
| Income taxes | 67/77 | €175,021 | €22,200 | -€152,821 | -87.3% |
| Taxes | 670/3 | €175,021 | €22,200 | -€152,821 | -87.3% |
| Profit (loss) for the period | 9904 | €520,867 | €566,321 | +€45,454 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €520,867 | €566,321 | +€45,454 | +8.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.