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 +€4,995
up €4,995 (+15.0%), from €33,262 to €38,257
of which Trade receivables: +€5,000
- Cash -€3,312
down €3,312 (-67.3%), from €4,923 to €1,611
mainly Other debts (-€22,096) and Receivables within one year (-€4,995)
- Profit (loss) carried forward +€22,639
up €22,639 (+25.5%), from -€88,672 to -€66,033
- Other debts -€22,096
down €22,096 (-25.4%), from €86,961 to €64,865
- Tax, wage and social debts +€4,255
up €4,255 (+92.2%), from €4,615 to €8,870
- Trade debts -€1,859
down €1,859 (-19.2%), from €9,707 to €7,848
- Current portion of long-term debt -€1,406
down €1,406 (-67.3%), from €2,090 to €684
- Gross operating margin -€14,860
down €14,860 (-34.7%), from €42,829 to €27,969
- Depreciation -€11,271
down €11,271 (-98.5%), from €11,441 to €170
- Staff costs +€3,038
up €3,038 (+3704.9%), from €82 to €3,120
- Taxes +€1,177
up €1,177 (+661.2%), from €178 to €1,355
From the 2022 result to the 2023 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.
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,294 | €44,826 | +€1,532 | +3.5% |
| Fixed assets | 21/28 | €4,840 | €4,670 | -€170 | -3.5% |
| Tangible fixed assets | 22/27 | €850 | €680 | -€170 | -20.0% |
| Furniture and vehicles | 24 | €850 | €680 | -€170 | -20.0% |
| Financial fixed assets | 28 | €3,990 | €3,990 | = | 0.0% |
| Current assets | 29/58 | €38,454 | €40,156 | +€1,702 | +4.4% |
| Amounts receivable within one year | 40/41 | €33,262 | €38,257 | +€4,995 | +15.0% |
| Trade receivables | 40 | €33,244 | €38,244 | +€5,000 | +15.0% |
| Other amounts receivable | 41 | €18 | €13 | -€5 | -27.8% |
| Cash at bank and in hand | 54/58 | €4,923 | €1,611 | -€3,312 | -67.3% |
| Deferred charges and accrued income | 490/1 | €269 | €288 | +€19 | +7.1% |
| Total equity and liabilities | 10/49 | €43,294 | €44,826 | +€1,532 | +3.5% |
| Equity | 10/15 | -€70,080 | -€47,441 | +€22,639 | +32.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,672 | -€66,033 | +€22,639 | +25.5% |
| Amounts payable | 17/49 | €113,374 | €92,267 | -€21,107 | -18.6% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 170/4 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €103,373 | €82,267 | -€21,106 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €2,090 | €684 | -€1,406 | -67.3% |
| Trade debts | 44 | €9,707 | €7,848 | -€1,859 | -19.2% |
| Suppliers | 440/4 | €9,707 | €7,848 | -€1,859 | -19.2% |
| Taxes, remuneration and social security | 45 | €4,615 | €8,870 | +€4,255 | +92.2% |
| Taxes | 450/3 | €4,615 | €8,870 | +€4,255 | +92.2% |
| Other amounts payable | 47/48 | €86,961 | €64,865 | -€22,096 | -25.4% |
| Accrued charges and deferred income | 492/3 | €1 | - | -€1 | |
| Remuneration, social security and pensions | 62 | €82 | €3,120 | +€3,038 | +3704.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,441 | €170 | -€11,271 | -98.5% |
| Gross operating margin | 9900 | €42,829 | €27,969 | -€14,860 | -34.7% |
| Operating profit (loss) | 9901 | €31,306 | €24,679 | -€6,627 | -21.2% |
| Financial charges | 65/66B | €1,014 | €685 | -€329 | -32.4% |
| Recurring financial charges | 65 | €1,014 | €685 | -€329 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €30,292 | €23,994 | -€6,298 | -20.8% |
| Income taxes | 67/77 | €178 | €1,355 | +€1,177 | +661.2% |
| Profit (loss) for the period | 9904 | €30,114 | €22,639 | -€7,475 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,114 | €22,639 | -€7,475 | -24.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.