Kempische Constructie: 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.
Kempische Constructie
Largest movements
- Stocks and contracts -€2.9m
down €2.9m (-44.2%), from €6.7m to €3.7m
- Cash +€271,528
up €271,528 (+438%), from €62,004 to €333,532
mainly Stocks and contracts (+€2.9m) and Net result for the year (+€1.8m)
- Debts after one year -€3.7m
down €3.7m (-100%), from €3.7m to €0
- Trade debts +€948,664
up €948,664 (+684%), from €138,610 to €1.1m
- Tax, wage and social debts +€156,380
up €156,380 (+360%), from €43,461 to €199,841
- Reserves -€100,491
down €100,491 (-77.5%), from €129,628 to €29,137
- Gross operating margin +€2.3m
up €2.3m (+868%), from €261,874 to €2.5m
- Taxes +€556,380
up €556,380 (+1,280%), from €43,461 to €599,841
- Financial charges +€53,413
up €53,413 (+68.1%), from €78,423 to €131,837
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 | €6,753,914 | €4,139,253 | -€2.6m | -38.7% |
| Fixed assets | 21/28 | - | €4,380 | +€4,380 | |
| Financial fixed assets | 28 | - | €4,380 | +€4,380 | |
| Current assets | 29/58 | €6,753,914 | €4,134,873 | -€2.6m | -38.8% |
| Stocks and contracts in progress | 3 | €6,671,030 | €3,723,139 | -€2.9m | -44.2% |
| Stocks | 30/36 | €6,671,030 | €3,723,139 | -€2.9m | -44.2% |
| Amounts receivable within one year | 40/41 | €20,880 | €36,802 | +€15,922 | +76.3% |
| Trade receivables | 40 | - | €942 | +€942 | |
| Other amounts receivable | 41 | €20,880 | €35,860 | +€14,980 | +71.7% |
| Cash at bank and in hand | 54/58 | €62,004 | €333,532 | +€271,528 | +438% |
| Deferred charges and accrued income | 490/1 | - | €41,400 | +€41,400 | |
| Total equity and liabilities | 10/49 | €6,753,914 | €4,139,253 | -€2.6m | -38.7% |
| Equity | 10/15 | €729,628 | €629,137 | -€100,491 | -13.8% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €129,628 | €29,137 | -€100,491 | -77.5% |
| Distributable reserves | 133 | €129,628 | €29,137 | -€100,491 | -77.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €6,024,287 | €3,510,116 | -€2.5m | -41.7% |
| Amounts payable after more than one year | 17 | €3,685,000 | €0 | -€3.7m | -100% |
| Financial debts | 170/4 | €3,685,000 | €0 | -€3.7m | -100% |
| Amounts payable within one year | 42/48 | €2,339,287 | €3,510,116 | +€1.2m | +50.1% |
| Financial debts | 43 | €1,683,000 | €1,683,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,683,000 | €1,683,000 | = | 0.0% |
| Trade debts | 44 | €138,610 | €1,087,275 | +€948,664 | +684% |
| Suppliers | 440/4 | €138,610 | €1,087,275 | +€948,664 | +684% |
| Taxes, remuneration and social security | 45 | €43,461 | €199,841 | +€156,380 | +360% |
| Taxes | 450/3 | €43,461 | €199,841 | +€156,380 | +360% |
| Other amounts payable | 47/48 | €474,215 | €540,000 | +€65,785 | +13.9% |
| Other operating charges | 640/8 | €13,672 | €2,919 | -€10,753 | -78.7% |
| Gross operating margin | 9900 | €261,874 | €2,534,106 | +€2.3m | +868% |
| Operating profit (loss) | 9901 | €248,202 | €2,531,187 | +€2.3m | +920% |
| Financial income | 75/76B | €3,310 | €0 | -€3,310 | -100% |
| Recurring financial income | 75 | €3,310 | €0 | -€3,310 | -100% |
| Financial charges | 65/66B | €78,423 | €131,837 | +€53,413 | +68.1% |
| Recurring financial charges | 65 | €78,423 | €131,837 | +€53,413 | +68.1% |
| Profit (loss) for the period before taxes | 9903 | €173,089 | €2,399,351 | +€2.2m | +1,286% |
| Income taxes | 67/77 | €43,461 | €599,841 | +€556,380 | +1,280% |
| Profit (loss) for the period | 9904 | €129,628 | €1,799,509 | +€1.7m | +1,288% |
| Profit (loss) for the period to be appropriated | 9905 | €129,628 | €1,799,509 | +€1.7m | +1,288% |
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 22 October 2026 via checked.be.