KESTEMONT: 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.
KESTEMONT
Largest movements
- Receivables within one year -€55,163
down €55,163 (-57.0%), from €96,850 to €41,687
of which Trade receivables: -€65,947
- Tangible fixed assets +€7,522
up €7,522 (+24.7%), from €30,492 to €38,013
of which Furniture and vehicles: +€7,653
- Cash +€5,117
up €5,117 (+8.8%), from €58,141 to €63,258
mainly Receivables within one year (+€55,163) and Depreciation (+€10,262)
- Profit (loss) carried forward -€32,552
down €32,552, from €17,057 to -€15,495
- Trade debts -€19,523
down €19,523 (-45.8%), from €42,594 to €23,072
- Tax, wage and social debts +€6,497
up €6,497 (+20.3%), from €31,979 to €38,476
of which Taxes: +€6,497
- Other debts +€4,751
up €4,751 (+8.7%), from €54,356 to €59,107
- Other operating charges -€160,633
down €160,633 (-99.1%), from €162,070 to €1,437
- Write-downs +€156,204
up €156,204, from -€141,086 to €15,118
- Gross operating margin -€40,262
down €40,262, from €28,814 to -€11,448
- Staff costs -€17,212
down €17,212 (-90.9%), from €18,940 to €1,727
- Depreciation -€8,835
down €8,835 (-46.3%), from €19,097 to €10,262
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €185,876 | €144,361 | -€41,515 | -22.3% |
| Fixed assets | 21/28 | €30,739 | €38,260 | +€7,522 | +24.5% |
| Tangible fixed assets | 22/27 | €30,492 | €38,013 | +€7,522 | +24.7% |
| Land and buildings | 22 | €2,594 | €2,333 | -€261 | -10.1% |
| Plant, machinery and equipment | 23 | €2,984 | €3,113 | +€129 | +4.3% |
| Furniture and vehicles | 24 | €24,914 | €32,567 | +€7,653 | +30.7% |
| Financial fixed assets | 28 | €247 | €247 | = | 0.0% |
| Current assets | 29/58 | €155,137 | €106,101 | -€49,036 | -31.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €96,850 | €41,687 | -€55,163 | -57.0% |
| Trade receivables | 40 | €77,998 | €12,051 | -€65,947 | -84.5% |
| Other amounts receivable | 41 | €18,852 | €29,636 | +€10,784 | +57.2% |
| Cash at bank and in hand | 54/58 | €58,141 | €63,258 | +€5,117 | +8.8% |
| Deferred charges and accrued income | 490/1 | €146 | €1,156 | +€1,010 | +694% |
| Total equity and liabilities | 10/49 | €185,876 | €144,361 | -€41,515 | -22.3% |
| Equity | 10/15 | €56,259 | €23,706 | -€32,552 | -57.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €20,609 | €20,609 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,057 | -€15,495 | -€32,552 | |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €129,617 | €120,654 | -€8,963 | -6.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €129,617 | €120,654 | -€8,963 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €688 | €0 | -€688 | -100% |
| Trade debts | 44 | €42,594 | €23,072 | -€19,523 | -45.8% |
| Suppliers | 440/4 | €42,594 | €23,072 | -€19,523 | -45.8% |
| Taxes, remuneration and social security | 45 | €31,979 | €38,476 | +€6,497 | +20.3% |
| Taxes | 450/3 | €31,979 | €38,476 | +€6,497 | +20.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €54,356 | €59,107 | +€4,751 | +8.7% |
| Non-recurring operating income | 76A | €11,918 | €0 | -€11,918 | -100% |
| Remuneration, social security and pensions | 62 | €18,940 | €1,727 | -€17,212 | -90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,097 | €10,262 | -€8,835 | -46.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€141,086 | €15,118 | +€156,204 | |
| Other operating charges | 640/8 | €162,070 | €1,437 | -€160,633 | -99.1% |
| Gross operating margin | 9900 | €28,814 | -€11,448 | -€40,262 | |
| Operating profit (loss) | 9901 | -€30,207 | -€39,992 | -€9,785 | -32.4% |
| Financial income | 75/76B | €834 | €7,973 | +€7,139 | +856% |
| Recurring financial income | 75 | €834 | €7,973 | +€7,139 | +856% |
| Financial charges | 65/66B | €1,457 | €533 | -€924 | -63.4% |
| Recurring financial charges | 65 | €1,457 | €533 | -€924 | -63.4% |
| Profit (loss) for the period before taxes | 9903 | -€30,830 | -€32,552 | -€1,722 | -5.6% |
| Income taxes | 67/77 | -€193 | €0 | +€193 | |
| Profit (loss) for the period | 9904 | -€30,637 | -€32,552 | -€1,915 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,637 | -€32,552 | -€1,915 | -6.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.