KEMPO: 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
KEMPO
NACE 46.349, Wholesale of beverages, general range
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€9,649
2024 · €8,701-€18,350
Equity
€593,986
2024 · €603,635-€9,649
Cash
€68,080
2024 · €71,771-€3,691
Balance sheet total
€1.2m
2024 · €1.2m-€8,851
Largest movements
Assets
- Stocks and contracts -€17,415
down €17,415 (-4.1%), from €429,106 to €411,691
- Tangible fixed assets +€12,456
up €12,456 (+3.0%), from €417,318 to €429,774
of which Land and buildings: +€6,753
Equity and liabilities
- Short-term financial debts -€96,209
no longer reported in 2025 (was €96,209)
- Trade debts +€80,095
up €80,095 (+24.9%), from €322,031 to €402,126
of which Suppliers: +€89,332
- Tax, wage and social debts +€20,063
up €20,063 (+33.1%), from €60,574 to €80,637
of which Remuneration and social security: +€12,667
- Revaluation surpluses -€16,880
down €16,880 (-4.6%), from €368,322 to €351,442
- Reserves +€16,879
up €16,879 (+14.2%), from €119,238 to €136,117
of which Distributable reserves: +€16,880
Income statement
- Staff costs +€61,920
up €61,920 (+27.0%), from €229,328 to €291,248
- Gross operating margin +€38,303
up €38,303 (+12.5%), from €306,985 to €345,288
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
€8,701
Gross operating margin
+€38,303
Staff costs
-€61,920
Depreciation
-€2,609
Write-downs
-€838
Other operating charges
+€3,316
Other operating items
+€2,604
Financial income
+€18
Financial charges
+€565
Taxes
+€2,211
Result 2025
-€9,649
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
+€132,529
Investment
-€40,021
Financing
-€96,200
Cash 2024
€71,771
From operations (derived)
+€132,529
Net result for the year
-€9,649
Depreciation
+€27,565
Stocks and contracts
+€17,415
Receivables within one year
-€2,798
Deferred charges and accrued income
+€2,999
Trade debts
+€80,095
Tax, wage and social debts
+€20,063
Other debts
+€5,305
Accrued charges and deferred income
-€8,464
Investment (derived)
-€40,021
Investment in fixed assets (net)
-€40,021
Financing
-€96,200
Debts after one year
+€9
Short-term financial debts
-€96,209
Contributions, distributions and other
-€0
Cash 2025
€68,080
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,219,570 | €1,210,719 | -€8,851 | -0.7% |
| Fixed assets | 21/28 | €417,318 | €429,774 | +€12,456 | +3.0% |
| Tangible fixed assets | 22/27 | €417,318 | €429,774 | +€12,456 | +3.0% |
| Land and buildings | 22 | €395,667 | €402,420 | +€6,753 | +1.7% |
| Plant, machinery and equipment | 23 | €10,927 | €13,220 | +€2,293 | +21.0% |
| Furniture and vehicles | 24 | €10,724 | €14,133 | +€3,409 | +31.8% |
| Current assets | 29/58 | €802,252 | €780,945 | -€21,307 | -2.7% |
| Stocks and contracts in progress | 3 | €429,106 | €411,691 | -€17,415 | -4.1% |
| Stocks | 30/36 | €429,106 | €411,691 | -€17,415 | -4.1% |
| Amounts receivable within one year | 40/41 | €297,074 | €299,872 | +€2,798 | +0.9% |
| Trade receivables | 40 | €274,003 | €290,744 | +€16,741 | +6.1% |
| Other amounts receivable | 41 | €23,071 | €9,128 | -€13,943 | -60.4% |
| Cash at bank and in hand | 54/58 | €71,771 | €68,080 | -€3,691 | -5.1% |
| Deferred charges and accrued income | 490/1 | €4,301 | €1,302 | -€2,999 | -69.7% |
| Total equity and liabilities | 10/49 | €1,219,570 | €1,210,719 | -€8,851 | -0.7% |
| Equity | 10/15 | €603,635 | €593,986 | -€9,649 | -1.6% |
| Contributions | 10/11 | €511,973 | €511,973 | +€0 | 0.0% |
| Capital | 10 | €511,973 | €511,973 | +€0 | 0.0% |
| Issued capital | 100 | €511,973 | €511,973 | +€0 | 0.0% |
| Revaluation surpluses | 12 | €368,322 | €351,442 | -€16,880 | -4.6% |
| Reserves | 13 | €119,238 | €136,117 | +€16,879 | +14.2% |
| Non-distributable reserves | 130/1 | €38,298 | €38,298 | -€0 | 0.0% |
| Legal reserve | 130 | €38,298 | €38,298 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €105 | €105 | -€0 | -0.5% |
| Distributable reserves | 133 | €80,835 | €97,715 | +€16,880 | +20.9% |
| Profit (loss) carried forward | 14 | -€395,898 | -€405,547 | -€9,649 | -2.4% |
| Amounts payable | 17/49 | €615,935 | €616,733 | +€798 | +0.1% |
| Amounts payable after more than one year | 17 | €16,799 | €16,808 | +€9 | +0.1% |
| Other amounts payable | 178/9 | €16,799 | €16,808 | +€9 | +0.1% |
| Amounts payable within one year | 42/48 | €585,350 | €594,603 | +€9,253 | +1.6% |
| Financial debts | 43 | €96,209 | - | -€96,209 | |
| Credit institutions | 430/8 | €96,209 | - | -€96,209 | |
| Trade debts | 44 | €322,031 | €402,126 | +€80,095 | +24.9% |
| Suppliers | 440/4 | €309,375 | €398,707 | +€89,332 | +28.9% |
| Bills of exchange payable | 441 | €12,656 | €3,419 | -€9,237 | -73.0% |
| Taxes, remuneration and social security | 45 | €60,574 | €80,637 | +€20,063 | +33.1% |
| Taxes | 450/3 | €5,129 | €12,525 | +€7,396 | +144.2% |
| Remuneration and social security | 454/9 | €55,445 | €68,112 | +€12,667 | +22.8% |
| Other amounts payable | 47/48 | €106,536 | €111,841 | +€5,305 | +5.0% |
| Accrued charges and deferred income | 492/3 | €13,786 | €5,322 | -€8,464 | -61.4% |
| Non-recurring operating income | 76A | €2,304 | €176 | -€2,128 | -92.4% |
| Remuneration, social security and pensions | 62 | €229,328 | €291,248 | +€61,920 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,956 | €27,565 | +€2,609 | +10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €838 | +€838 | |
| Other operating charges | 640/8 | €12,989 | €9,673 | -€3,316 | -25.5% |
| Non-recurring operating charges | 66A | €5,282 | €2,678 | -€2,604 | -49.3% |
| Gross operating margin | 9900 | €306,985 | €345,288 | +€38,303 | +12.5% |
| Operating profit (loss) | 9901 | €34,430 | €13,286 | -€21,144 | -61.4% |
| Financial income | 75/76B | €25 | €43 | +€18 | +72.7% |
| Recurring financial income | 75 | €25 | €43 | +€18 | +72.7% |
| Financial charges | 65/66B | €23,543 | €22,978 | -€565 | -2.4% |
| Recurring financial charges | 65 | €23,543 | €22,978 | -€565 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €10,912 | -€9,649 | -€20,561 | |
| Income taxes | 67/77 | €2,211 | - | -€2,211 | |
| Profit (loss) for the period | 9904 | €8,701 | -€9,649 | -€18,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,701 | -€9,649 | -€18,350 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.