KESSELSE KMO: 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.
KESSELSE KMO
Largest movements
- Tangible fixed assets -€38,688
down €38,688 (-3.6%), from €1.1m to €1.0m
of which Land and buildings: -€35,110
- Cash +€20,653
up €20,653 (+59.9%), from €34,465 to €55,118
mainly Other debts (+€331,764) and Depreciation (+€40,023)
- Other debts +€331,764
up €331,764 (+440%), from €75,480 to €407,243
- Trade debts -€310,886
down €310,886 (-99.1%), from €313,684 to €2,799
- Debts after one year -€42,069
down €42,069 (-79.6%), from €52,860 to €10,791
- Depreciation -€23,493
down €23,493 (-37.0%), from €63,516 to €40,023
- Gross operating margin +€20,364
up €20,364 (+108%), from €18,853 to €39,217
- Financial charges -€1,470
down €1,470 (-30.2%), from €4,871 to €3,401
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 | €1,165,075 | €1,140,185 | -€24,890 | -2.1% |
| Fixed assets | 21/28 | €1,060,126 | €1,021,438 | -€38,688 | -3.6% |
| Tangible fixed assets | 22/27 | €1,060,126 | €1,021,438 | -€38,688 | -3.6% |
| Land and buildings | 22 | €1,035,819 | €1,000,709 | -€35,110 | -3.4% |
| Plant, machinery and equipment | 23 | €22,842 | €19,397 | -€3,445 | -15.1% |
| Furniture and vehicles | 24 | €1,464 | €1,332 | -€133 | -9.1% |
| Current assets | 29/58 | €104,950 | €118,747 | +€13,797 | +13.1% |
| Amounts receivable within one year | 40/41 | €70,276 | €63,629 | -€6,648 | -9.5% |
| Trade receivables | 40 | €57,603 | €55,580 | -€2,022 | -3.5% |
| Other amounts receivable | 41 | €12,674 | €8,048 | -€4,626 | -36.5% |
| Cash at bank and in hand | 54/58 | €34,465 | €55,118 | +€20,653 | +59.9% |
| Deferred charges and accrued income | 490/1 | €208 | - | -€208 | |
| Total equity and liabilities | 10/49 | €1,165,075 | €1,140,185 | -€24,890 | -2.1% |
| Equity | 10/15 | €678,463 | €673,066 | -€5,397 | -0.8% |
| Contributions | 10/11 | €11,971 | €11,971 | = | 0.0% |
| Reserves | 13 | €40,057 | €40,057 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,942 | €2,942 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,942 | €2,942 | = | 0.0% |
| Distributable reserves | 133 | €37,116 | €37,116 | = | 0.0% |
| Profit (loss) carried forward | 14 | €626,435 | €621,038 | -€5,397 | -0.9% |
| Amounts payable | 17/49 | €486,612 | €467,119 | -€19,493 | -4.0% |
| Amounts payable after more than one year | 17 | €52,860 | €10,791 | -€42,069 | -79.6% |
| Financial debts | 170/4 | €52,860 | €10,791 | -€42,069 | -79.6% |
| Amounts payable within one year | 42/48 | €429,535 | €452,111 | +€22,576 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €40,371 | €42,069 | +€1,698 | +4.2% |
| Trade debts | 44 | €313,684 | €2,799 | -€310,886 | -99.1% |
| Suppliers | 440/4 | €313,684 | €2,799 | -€310,886 | -99.1% |
| Other amounts payable | 47/48 | €75,480 | €407,243 | +€331,764 | +440% |
| Accrued charges and deferred income | 492/3 | €4,217 | €4,217 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,516 | €40,023 | -€23,493 | -37.0% |
| Other operating charges | 640/8 | €980 | €1,190 | +€209 | +21.4% |
| Non-recurring operating charges | 66A | €9,328 | - | -€9,328 | |
| Gross operating margin | 9900 | €18,853 | €39,217 | +€20,364 | +108% |
| Operating profit (loss) | 9901 | -€54,971 | -€1,996 | +€52,975 | +96.4% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €4,871 | €3,401 | -€1,470 | -30.2% |
| Recurring financial charges | 65 | €4,871 | €3,401 | -€1,470 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | -€59,840 | -€5,397 | +€54,443 | +91.0% |
| Profit (loss) for the period | 9904 | -€59,840 | -€5,397 | +€54,443 | +91.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,840 | -€5,397 | +€54,443 | +91.0% |
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.