Kumpen: 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.
What changed
Kumpen
NACE 42.130, Civil engineering
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · -€2.1m+€3.7m
Equity
€950,226
2024 · -€616,838+€1.6m
Cash
€1.1m
2024 · €242,382+€902,442
Balance sheet total
€8.5m
2024 · €7.9m+€609,743
Largest movements
Assets
- Cash +€902,442
up €902,442 (+372%), from €242,382 to €1.1m
mainly Net result for the year (+€1.6m) and Tax, wage and social debts (+€422,300)
- Receivables within one year -€290,646
down €290,646 (-4.4%), from €6.6m to €6.3m
of which Trade receivables: -€574,862
Equity and liabilities
- Profit (loss) carried forward +€1.6m
up €1.6m (+47.3%), from -€3.3m to -€1.7m
- Trade debts -€895,435
down €895,435 (-16.8%), from €5.3m to €4.4m
- Other debts -€484,187
down €484,187 (-16.6%), from €2.9m to €2.4m
- Tax, wage and social debts +€422,300
up €422,300 (+173%), from €244,788 to €667,088
of which Remuneration and social security: +€289,984
Income statement
- Turnover +€10.1m
up €10.1m (+102%), from €9.9m to €20.1m
- Goods and materials +€5.3m
up €5.3m (+72.4%), from €7.3m to €12.6m
of which Purchases: +€5.3m
- Services and other goods +€773,668
up €773,668 (+44.5%), from €1.7m to €2.5m
- Staff costs +€482,073
up €482,073 (+17.2%), from €2.8m to €3.3m
- Other operating income +€219,436
up €219,436 (+113%), from €193,771 to €413,207
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.
Result 2024
-€2.1m
Turnover
+€10.1m
Other operating income
+€219,436
Goods and materials
-€5.3m
Services and other goods
-€773,668
Staff costs
-€482,073
Depreciation
+€24,554
Write-downs
-€78,478
Other operating charges
-€67,144
Other operating items
+€61,925
Financial income
+€20,577
Financial charges
+€21,997
Taxes
-€69,814
Result 2025
€1.6m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.1m
Investment
-€195,203
Financing
€0
Cash 2024
€242,382
From operations (derived)
+€1.1m
Net result for the year
+€1.6m
Depreciation
+€226,993
Stocks and contracts
-€29,737
Receivables within one year
+€290,646
Trade debts
-€895,435
Tax, wage and social debts
+€422,300
Other debts
-€484,187
Investment (derived)
-€195,203
Investment in fixed assets (net)
-€195,203
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,863,489 | €8,473,231 | +€609,743 | +7.8% |
| Fixed assets | 21/28 | €537,435 | €505,646 | -€31,790 | -5.9% |
| Tangible fixed assets | 22/27 | €494,955 | €457,865 | -€37,090 | -7.5% |
| Land and buildings | 22 | €28,805 | €23,473 | -€5,332 | -18.5% |
| Plant, machinery and equipment | 23 | €409,490 | €408,794 | -€697 | -0.2% |
| Furniture and vehicles | 24 | €56,659 | €25,598 | -€31,061 | -54.8% |
| Financial fixed assets | 28 | €42,480 | €47,780 | +€5,300 | +12.5% |
| Other financial fixed assets | 284/8 | €42,480 | €47,780 | +€5,300 | +12.5% |
| Amounts receivable and cash guarantees | 285/8 | €42,480 | €47,780 | +€5,300 | +12.5% |
| Current assets | 29/58 | €7,326,054 | €7,967,586 | +€641,532 | +8.8% |
| Stocks and contracts in progress | 3 | €502,536 | €532,273 | +€29,737 | +5.9% |
| Stocks | 30/36 | €502,536 | €532,273 | +€29,737 | +5.9% |
| Raw materials and consumables | 30/31 | €502,536 | €532,273 | +€29,737 | +5.9% |
| Amounts receivable within one year | 40/41 | €6,581,135 | €6,290,489 | -€290,646 | -4.4% |
| Trade receivables | 40 | €6,449,208 | €5,874,346 | -€574,862 | -8.9% |
| Other amounts receivable | 41 | €131,927 | €416,143 | +€284,216 | +215% |
| Cash at bank and in hand | 54/58 | €242,382 | €1,144,824 | +€902,442 | +372% |
| Total equity and liabilities | 10/49 | €7,863,489 | €8,473,231 | +€609,743 | +7.8% |
| Equity | 10/15 | -€616,838 | €950,226 | +€1.6m | |
| Contributions | 10/11 | €1,790,426 | €1,790,426 | = | 0.0% |
| Capital | 10 | €1,790,426 | €1,790,426 | = | 0.0% |
| Issued capital | 100 | €1,790,426 | €1,790,426 | = | 0.0% |
| Reserves | 13 | €905,449 | €905,449 | = | 0.0% |
| Non-distributable reserves | 130/1 | €179,043 | €179,043 | = | 0.0% |
| Legal reserve | 130 | €179,043 | €179,043 | = | 0.0% |
| Tax-exempt reserves | 132 | €726,407 | €726,407 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,312,713 | -€1,745,648 | +€1.6m | +47.3% |
| Amounts payable | 17/49 | €8,480,327 | €7,523,005 | -€957,322 | -11.3% |
| Amounts payable within one year | 42/48 | €8,480,327 | €7,523,005 | -€957,322 | -11.3% |
| Trade debts | 44 | €5,318,445 | €4,423,010 | -€895,435 | -16.8% |
| Suppliers | 440/4 | €5,318,445 | €4,423,010 | -€895,435 | -16.8% |
| Taxes, remuneration and social security | 45 | €244,788 | €667,088 | +€422,300 | +173% |
| Taxes | 450/3 | €8,270 | €140,585 | +€132,316 | +1,600% |
| Remuneration and social security | 454/9 | €236,518 | €526,502 | +€289,984 | +123% |
| Other amounts payable | 47/48 | €2,917,095 | €2,432,907 | -€484,187 | -16.6% |
| Operating income | 70/76A | €10,678,946 | €20,976,588 | +€10.3m | +96.4% |
| Turnover | 70 | €9,939,275 | €20,078,461 | +€10.1m | +102% |
| Other operating income | 74 | €193,771 | €413,207 | +€219,436 | +113% |
| Non-recurring operating income | 76A | €545,899 | €484,919 | -€60,980 | -11.2% |
| Operating charges | 60/66A | €12,729,872 | €19,295,880 | +€6.6m | +51.6% |
| Goods for resale, raw materials and consumables | 60 | €7,335,906 | €12,648,008 | +€5.3m | +72.4% |
| Purchases | 600/8 | €7,420,848 | €12,677,745 | +€5.3m | +70.8% |
| Change in stocks: decrease (increase) | 609 | -€84,942 | -€29,737 | +€55,206 | +65.0% |
| Services and other goods | 61 | €1,737,971 | €2,511,639 | +€773,668 | +44.5% |
| Remuneration, social security and pensions | 62 | €2,798,926 | €3,280,999 | +€482,073 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €251,546 | €226,993 | -€24,554 | -9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €78,478 | +€78,478 | |
| Other operating charges | 640/8 | €33,406 | €100,551 | +€67,144 | +201% |
| Non-recurring operating charges | 66A | €572,117 | €449,212 | -€122,905 | -21.5% |
| Operating profit (loss) | 9901 | -€2,050,926 | €1,680,707 | +€3.7m | |
| Financial income | 75/76B | - | €20,577 | +€20,577 | |
| Recurring financial income | 75 | - | €20,577 | +€20,577 | |
| Other financial income | 752/9 | - | €20,577 | +€20,577 | |
| Financial charges | 65/66B | €83,907 | €61,910 | -€21,997 | -26.2% |
| Recurring financial charges | 65 | €83,907 | €61,910 | -€21,997 | -26.2% |
| Debt charges | 650 | €27,516 | €31,038 | +€3,522 | +12.8% |
| Other financial charges | 652/9 | €56,391 | €30,872 | -€25,519 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,134,834 | €1,639,374 | +€3.8m | |
| Income taxes | 67/77 | €2,496 | €72,309 | +€69,814 | +2,797% |
| Taxes | 670/3 | €2,496 | €72,309 | +€69,814 | +2,797% |
| Profit (loss) for the period | 9904 | -€2,137,329 | €1,567,065 | +€3.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,137,329 | €1,567,065 | +€3.7m |
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 16 October 2026 via checked.be.