Kestemont WIREBA: what changed
Kestemont WIREBA
Largest movements
- Cash -€41,516
down €41,516 (-78.7%), from €52,757 to €11,241
mainly Trade debts (-€31,165) and Stocks and contracts (-€27,784)
- Stocks and contracts +€27,784
up €27,784 (+40.5%), from €68,533 to €96,318
- Receivables within one year -€10,116
down €10,116 (-27.7%), from €36,556 to €26,439
of which Trade receivables: -€8,484
- Tangible fixed assets -€6,381
down €6,381 (-3.1%), from €205,493 to €199,112
- Trade debts -€31,165
down €31,165 (-55.4%), from €56,279 to €25,114
- Debts after one year +€20,622
up €20,622 (+17.3%), from €119,000 to €139,622
- Profit (loss) carried forward -€11,801
down €11,801, from €0 to -€11,801
- Other debts -€8,765
down €8,765 (-5.7%), from €154,783 to €146,018
- Current portion of long-term debt +€4,034
up €4,034 (+28.8%), from €14,000 to €18,034
- Gross operating margin -€26,148
down €26,148 (-70.1%), from €37,285 to €11,136
- Financial charges -€3,516
down €3,516 (-34.9%), from €10,061 to €6,545
- Depreciation +€2,243
up €2,243 (+16.6%), from €13,488 to €15,730
- Taxes -€2,016
down €2,016, from €2,007 to -€9
- Financial income +€468
up €468 (+226%), from €207 to €675
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €364,903 | €335,713 | -€29,189 | -8.0% |
| Fixed assets | 21/28 | €205,493 | €199,112 | -€6,381 | -3.1% |
| Tangible fixed assets | 22/27 | €205,493 | €199,112 | -€6,381 | -3.1% |
| Land and buildings | 22 | €189,873 | €187,005 | -€2,868 | -1.5% |
| Plant, machinery and equipment | 23 | €3,737 | €2,554 | -€1,183 | -31.7% |
| Furniture and vehicles | 24 | €11,882 | €9,552 | -€2,330 | -19.6% |
| Current assets | 29/58 | €159,410 | €136,602 | -€22,808 | -14.3% |
| Stocks and contracts in progress | 3 | €68,533 | €96,318 | +€27,784 | +40.5% |
| Stocks | 30/36 | €68,533 | €96,318 | +€27,784 | +40.5% |
| Amounts receivable within one year | 40/41 | €36,556 | €26,439 | -€10,116 | -27.7% |
| Trade receivables | 40 | €34,538 | €26,054 | -€8,484 | -24.6% |
| Other amounts receivable | 41 | €2,018 | €385 | -€1,632 | -80.9% |
| Cash at bank and in hand | 54/58 | €52,757 | €11,241 | -€41,516 | -78.7% |
| Deferred charges and accrued income | 490/1 | €1,564 | €2,604 | +€1,040 | +66.5% |
| Total equity and liabilities | 10/49 | €364,903 | €335,713 | -€29,189 | -8.0% |
| Equity | 10/15 | €16,953 | €5,152 | -€11,801 | -69.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,753 | €10,753 | = | 0.0% |
| Distributable reserves | 133 | €10,753 | €10,753 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€11,801 | -€11,801 | |
| Amounts payable | 17/49 | €347,950 | €330,562 | -€17,388 | -5.0% |
| Amounts payable after more than one year | 17 | €119,000 | €139,622 | +€20,622 | +17.3% |
| Financial debts | 170/4 | €119,000 | €139,622 | +€20,622 | +17.3% |
| Amounts payable within one year | 42/48 | €228,950 | €190,940 | -€38,010 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €14,000 | €18,034 | +€4,034 | +28.8% |
| Trade debts | 44 | €56,279 | €25,114 | -€31,165 | -55.4% |
| Suppliers | 440/4 | €56,279 | €25,114 | -€31,165 | -55.4% |
| Taxes, remuneration and social security | 45 | €3,888 | €1,774 | -€2,114 | -54.4% |
| Taxes | 450/3 | €3,888 | €1,774 | -€2,114 | -54.4% |
| Other amounts payable | 47/48 | €154,783 | €146,018 | -€8,765 | -5.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,488 | €15,730 | +€2,243 | +16.6% |
| Other operating charges | 640/8 | €1,183 | €1,346 | +€163 | +13.7% |
| Gross operating margin | 9900 | €37,285 | €11,136 | -€26,148 | -70.1% |
| Operating profit (loss) | 9901 | €22,614 | -€5,940 | -€28,554 | |
| Financial income | 75/76B | €207 | €675 | +€468 | +226% |
| Recurring financial income | 75 | €207 | €675 | +€468 | +226% |
| Financial charges | 65/66B | €10,061 | €6,545 | -€3,516 | -34.9% |
| Recurring financial charges | 65 | €10,061 | €6,545 | -€3,516 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €12,760 | -€11,810 | -€24,570 | |
| Income taxes | 67/77 | €2,007 | -€9 | -€2,016 | |
| Profit (loss) for the period | 9904 | €10,753 | -€11,801 | -€22,553 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,753 | -€11,801 | -€22,553 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.