KEMPINCK CONSULT: 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.
KEMPINCK CONSULT
Largest movements
- Cash +€32,990
up €32,990 (+6,466%), from €510 to €33,500
mainly Net result for the year (+€54,579) and Tax, wage and social debts (+€27,731)
- Receivables within one year +€11,920
up €11,920 (+252%), from €4,725 to €16,646
of which Trade receivables: +€16,646
- Tangible fixed assets +€3,973
up €3,973 (+10.9%), from €36,520 to €40,493
of which Plant, machinery and equipment: +€9,238
- Deferred charges and accrued income -€3,754
down €3,754 (-70.4%), from €5,334 to €1,579
- Formation expenses -€1,356
down €1,356 (-100%), from €1,356 to €0
- Reserves +€52,677
new in 2025: €52,677
- Other debts -€36,714
down €36,714 (-81.7%), from €44,937 to €8,223
- Tax, wage and social debts +€27,731
new in 2025: €27,731
- Profit (loss) carried forward +€1,902
up €1,902, from -€1,902 to €0
- Trade debts -€1,824
down €1,824 (-75.6%), from €2,411 to €587
- Gross operating margin +€83,961
up €83,961, from -€1,678 to €82,283
- Taxes +€15,010
new in 2025: €15,010
- Depreciation +€12,037
new in 2025: €12,037
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 | €48,445 | €92,218 | +€43,773 | +90.4% |
| Formation expenses | 20 | €1,356 | €0 | -€1,356 | -100% |
| Fixed assets | 21/28 | €36,520 | €40,493 | +€3,973 | +10.9% |
| Tangible fixed assets | 22/27 | €36,520 | €40,493 | +€3,973 | +10.9% |
| Land and buildings | 22 | - | €3,627 | +€3,627 | |
| Plant, machinery and equipment | 23 | €950 | €10,188 | +€9,238 | +973% |
| Furniture and vehicles | 24 | €35,570 | €26,678 | -€8,893 | -25.0% |
| Current assets | 29/58 | €10,569 | €51,725 | +€41,156 | +389% |
| Amounts receivable within one year | 40/41 | €4,725 | €16,646 | +€11,920 | +252% |
| Trade receivables | 40 | - | €16,646 | +€16,646 | |
| Other amounts receivable | 41 | €4,725 | €0 | -€4,725 | -100% |
| Cash at bank and in hand | 54/58 | €510 | €33,500 | +€32,990 | +6,466% |
| Deferred charges and accrued income | 490/1 | €5,334 | €1,579 | -€3,754 | -70.4% |
| Total equity and liabilities | 10/49 | €48,445 | €92,218 | +€43,773 | +90.4% |
| Equity | 10/15 | €1,098 | €55,677 | +€54,579 | +4,973% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €52,677 | +€52,677 | |
| Distributable reserves | 133 | - | €52,677 | +€52,677 | |
| Profit (loss) carried forward | 14 | -€1,902 | €0 | +€1,902 | |
| Amounts payable | 17/49 | €47,348 | €36,541 | -€10,806 | -22.8% |
| Amounts payable within one year | 42/48 | €47,348 | €36,541 | -€10,806 | -22.8% |
| Trade debts | 44 | €2,411 | €587 | -€1,824 | -75.6% |
| Suppliers | 440/4 | €2,411 | €587 | -€1,824 | -75.6% |
| Taxes, remuneration and social security | 45 | - | €27,731 | +€27,731 | |
| Taxes | 450/3 | - | €27,731 | +€27,731 | |
| Other amounts payable | 47/48 | €44,937 | €8,223 | -€36,714 | -81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €12,037 | +€12,037 | |
| Other operating charges | 640/8 | €225 | €607 | +€382 | +170% |
| Gross operating margin | 9900 | -€1,678 | €82,283 | +€83,961 | |
| Operating profit (loss) | 9901 | -€1,902 | €69,639 | +€71,541 | |
| Financial charges | 65/66B | - | €50 | +€50 | |
| Recurring financial charges | 65 | - | €50 | +€50 | |
| Profit (loss) for the period before taxes | 9903 | -€1,902 | €69,589 | +€71,491 | |
| Income taxes | 67/77 | - | €15,010 | +€15,010 | |
| Profit (loss) for the period | 9904 | -€1,902 | €54,579 | +€56,481 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,902 | €54,579 | +€56,481 |
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 20 October 2026 via checked.be.