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 +€12,255
up €12,255 (+407%), from €3,014 to €15,269
of which Trade receivables: +€10,216
- Cash +€10,696
up €10,696 (+331%), from €3,230 to €13,926
mainly Net result for the year (+€13,145) and Debts after one year (+€5,000)
- Tangible fixed assets -€2,102
down €2,102 (-25.0%), from €8,406 to €6,304
- Profit (loss) carried forward +€13,145
up €13,145, from -€2,597 to €10,548
- Debts after one year +€5,000
new in 2024: €5,000
- Current portion of long-term debt +€5,000
new in 2024: €5,000
- Tax, wage and social debts -€3,748
no longer reported in 2024 (was €3,748)
of which Remuneration and social security: -€3,200
- Trade debts +€1,452
new in 2024: €1,452
- Gross operating margin +€37,275
up €37,275, from -€17,608 to €19,667
- Financial income -€17,112
no longer reported in 2024 (was €17,112)
of which Financial income: -€17,112
- Taxes +€3,000
new in 2024: €3,000
- Staff costs +€729
new in 2024: €729
- Financial charges +€380
new in 2024: €380
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 | €14,650 | €35,499 | +€20,849 | +142% |
| Fixed assets | 21/28 | €8,406 | €6,304 | -€2,102 | -25.0% |
| Tangible fixed assets | 22/27 | €8,406 | €6,304 | -€2,102 | -25.0% |
| Furniture and vehicles | 24 | €8,406 | €6,304 | -€2,102 | -25.0% |
| Current assets | 29/58 | €6,244 | €29,195 | +€22,951 | +368% |
| Amounts receivable within one year | 40/41 | €3,014 | €15,269 | +€12,255 | +407% |
| Trade receivables | 40 | - | €10,216 | +€10,216 | |
| Other amounts receivable | 41 | €3,014 | €5,053 | +€2,039 | +67.7% |
| Cash at bank and in hand | 54/58 | €3,230 | €13,926 | +€10,696 | +331% |
| Total equity and liabilities | 10/49 | €14,650 | €35,499 | +€20,849 | +142% |
| Equity | 10/15 | €10,902 | €24,047 | +€13,145 | +121% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €7,299 | €7,299 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €7,299 | €7,299 | -€0 | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €7,299 | +€7,299 | |
| Other | 1319 | €5,439 | - | -€5,439 | |
| Profit (loss) carried forward | 14 | -€2,597 | €10,548 | +€13,145 | |
| Amounts payable | 17/49 | €3,748 | €11,452 | +€7,704 | +206% |
| Amounts payable after more than one year | 17 | - | €5,000 | +€5,000 | |
| Financial debts | 170/4 | - | €5,000 | +€5,000 | |
| Amounts payable within one year | 42/48 | €3,748 | €6,452 | +€2,704 | +72.2% |
| Current portion of amounts payable after more than one year | 42 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | - | €1,452 | +€1,452 | |
| Suppliers | 440/4 | - | €1,452 | +€1,452 | |
| Taxes, remuneration and social security | 45 | €3,748 | - | -€3,748 | |
| Taxes | 450/3 | €548 | - | -€548 | |
| Remuneration and social security | 454/9 | €3,200 | - | -€3,200 | |
| Remuneration, social security and pensions | 62 | - | €729 | +€729 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,101 | €2,101 | -€0 | 0.0% |
| Other operating charges | 640/8 | - | €311 | +€311 | |
| Gross operating margin | 9900 | -€17,608 | €19,667 | +€37,275 | |
| Operating profit (loss) | 9901 | -€19,709 | €16,525 | +€36,234 | |
| Financial income | 75/76B | €17,112 | - | -€17,112 | |
| Recurring financial income | 75 | €17,112 | - | -€17,112 | |
| Non-recurring financial income | 76B | €17,112 | - | -€17,112 | |
| Financial charges | 65/66B | - | €380 | +€380 | |
| Recurring financial charges | 65 | - | €380 | +€380 | |
| Profit (loss) for the period before taxes | 9903 | -€2,597 | €16,145 | +€18,742 | |
| Income taxes | 67/77 | - | €3,000 | +€3,000 | |
| Profit (loss) for the period | 9904 | -€2,597 | €13,145 | +€15,742 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,597 | €13,145 | +€15,742 |
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 18 October 2026 via checked.be.