Kemps Wout: 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.
Kemps Wout
Largest movements
- Cash -€15,017
down €15,017 (-8.5%), from €176,281 to €161,264
mainly Contributions, distributions and other (-€33,750) and Investment in fixed assets (net) (-€10,031)
- Tangible fixed assets +€5,977
up €5,977 (+93.9%), from €6,365 to €12,342
of which Furniture and vehicles: +€5,956
- Receivables within one year +€2,925
up €2,925 (+50.4%), from €5,805 to €8,730
of which Trade receivables: +€2,923
- Reserves -€4,860
down €4,860 (-3.0%), from €163,704 to €158,844
of which Tax-exempt reserves: -€2,600
- Tax, wage and social debts -€3,730
no longer reported in 2025 (was €3,730)
- Trade debts +€3,656
up €3,656 (+1,112%), from €329 to €3,985
- Gross operating margin -€6,977
down €6,977 (-14.0%), from €49,992 to €43,015
- Depreciation +€1,794
up €1,794 (+79.4%), from €2,260 to €4,054
- Financial income +€1,525
new in 2025: €1,525
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 | €188,451 | €182,337 | -€6,114 | -3.2% |
| Fixed assets | 21/28 | €6,365 | €12,342 | +€5,977 | +93.9% |
| Tangible fixed assets | 22/27 | €6,365 | €12,342 | +€5,977 | +93.9% |
| Plant, machinery and equipment | 23 | €3,348 | €3,369 | +€21 | +0.6% |
| Furniture and vehicles | 24 | €3,017 | €8,973 | +€5,956 | +197% |
| Current assets | 29/58 | €182,086 | €169,995 | -€12,092 | -6.6% |
| Amounts receivable within one year | 40/41 | €5,805 | €8,730 | +€2,925 | +50.4% |
| Trade receivables | 40 | €5,805 | €8,728 | +€2,923 | +50.4% |
| Other amounts receivable | 41 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €176,281 | €161,264 | -€15,017 | -8.5% |
| Total equity and liabilities | 10/49 | €188,451 | €182,337 | -€6,114 | -3.2% |
| Equity | 10/15 | €182,304 | €177,444 | -€4,860 | -2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €163,704 | €158,844 | -€4,860 | -3.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,891 | €2,291 | -€2,600 | -53.2% |
| Distributable reserves | 133 | €156,952 | €154,693 | -€2,260 | -1.4% |
| Amounts payable | 17/49 | €6,148 | €4,893 | -€1,255 | -20.4% |
| Amounts payable within one year | 42/48 | €6,148 | €4,893 | -€1,255 | -20.4% |
| Trade debts | 44 | €329 | €3,985 | +€3,656 | +1,112% |
| Suppliers | 440/4 | €329 | €3,985 | +€3,656 | +1,112% |
| Taxes, remuneration and social security | 45 | €3,730 | - | -€3,730 | |
| Taxes | 450/3 | €3,730 | - | -€3,730 | |
| Other amounts payable | 47/48 | €2,088 | €908 | -€1,180 | -56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,260 | €4,054 | +€1,794 | +79.4% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340% |
| Gross operating margin | 9900 | €49,992 | €43,015 | -€6,977 | -14.0% |
| Operating profit (loss) | 9901 | €47,614 | €38,442 | -€9,172 | -19.3% |
| Financial income | 75/76B | - | €1,525 | +€1,525 | |
| Recurring financial income | 75 | - | €1,525 | +€1,525 | |
| Financial charges | 65/66B | €234 | €78 | -€156 | -66.5% |
| Recurring financial charges | 65 | €234 | €78 | -€156 | -66.5% |
| Profit (loss) for the period before taxes | 9903 | €47,380 | €39,888 | -€7,492 | -15.8% |
| Income taxes | 67/77 | €11,225 | €10,998 | -€227 | -2.0% |
| Profit (loss) for the period | 9904 | €36,155 | €28,890 | -€7,265 | -20.1% |
| Transfer from tax-exempt reserves | 789 | - | €2,600 | +€2,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,155 | €31,490 | -€4,665 | -12.9% |
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 29 October 2026 via checked.be.