LE KEMDUST: 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.
LE KEMDUST
Largest movements
- Receivables within one year -€51,169
down €51,169 (-27.7%), from €184,564 to €133,394
of which Trade receivables: -€27,473
- Tangible fixed assets -€8,955
down €8,955 (-33.6%), from €26,654 to €17,699
of which Furniture and vehicles: -€6,408
- Stocks and contracts +€3,113
up €3,113 (+70.7%), from €4,402 to €7,515
- Cash -€2,415
down €2,415 (-67.1%), from €3,597 to €1,182
mainly Trade debts (-€30,314) and Net result for the year (-€18,271)
- Trade debts -€30,314
down €30,314 (-80.0%), from €37,877 to €7,563
- Reserves -€18,271
down €18,271 (-11.7%), from €156,676 to €138,405
- Tax, wage and social debts -€10,551
down €10,551 (-47.2%), from €22,377 to €11,826
- Purchases and services +€82,520
up €82,520 (+53.5%), from €154,300 to €236,820
- Gross operating margin -€66,938
down €66,938, from €61,247 to -€5,691
- Turnover +€20,102
up €20,102 (+10.2%), from €197,959 to €218,061
- Taxes -€15,551
down €15,551 (-96.0%), from €16,204 to €653
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,129 | €163,994 | -€59,136 | -26.5% |
| Fixed assets | 21/28 | €28,474 | €19,519 | -€8,955 | -31.5% |
| Tangible fixed assets | 22/27 | €26,654 | €17,699 | -€8,955 | -33.6% |
| Furniture and vehicles | 24 | €19,223 | €12,816 | -€6,408 | -33.3% |
| Other tangible fixed assets | 26 | €7,431 | €4,883 | -€2,548 | -34.3% |
| Financial fixed assets | 28 | €1,820 | €1,820 | = | 0.0% |
| Current assets | 29/58 | €194,656 | €144,475 | -€50,180 | -25.8% |
| Stocks and contracts in progress | 3 | €4,402 | €7,515 | +€3,113 | +70.7% |
| Stocks | 30/36 | €4,402 | €7,515 | +€3,113 | +70.7% |
| Amounts receivable within one year | 40/41 | €184,564 | €133,394 | -€51,169 | -27.7% |
| Trade receivables | 40 | €27,473 | - | -€27,473 | |
| Other amounts receivable | 41 | €157,091 | €133,394 | -€23,696 | -15.1% |
| Cash at bank and in hand | 54/58 | €3,597 | €1,182 | -€2,415 | -67.1% |
| Deferred charges and accrued income | 490/1 | €2,093 | €2,384 | +€291 | +13.9% |
| Total equity and liabilities | 10/49 | €223,129 | €163,994 | -€59,136 | -26.5% |
| Equity | 10/15 | €162,876 | €144,605 | -€18,271 | -11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €156,676 | €138,405 | -€18,271 | -11.7% |
| Distributable reserves | 133 | €156,676 | €138,405 | -€18,271 | -11.7% |
| Amounts payable | 17/49 | €60,254 | €19,389 | -€40,865 | -67.8% |
| Amounts payable within one year | 42/48 | €60,254 | €19,389 | -€40,865 | -67.8% |
| Trade debts | 44 | €37,877 | €7,563 | -€30,314 | -80.0% |
| Suppliers | 440/4 | €37,877 | €7,563 | -€30,314 | -80.0% |
| Taxes, remuneration and social security | 45 | €22,377 | €11,826 | -€10,551 | -47.2% |
| Taxes | 450/3 | €22,377 | €11,826 | -€10,551 | -47.2% |
| Turnover | 70 | €197,959 | €218,061 | +€20,102 | +10.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €154,300 | €236,820 | +€82,520 | +53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,955 | €8,955 | = | 0.0% |
| Other operating charges | 640/8 | €4,535 | €2,863 | -€1,672 | -36.9% |
| Gross operating margin | 9900 | €61,247 | -€5,691 | -€66,938 | |
| Operating profit (loss) | 9901 | €47,756 | -€17,510 | -€65,266 | |
| Financial charges | 65/66B | €108 | €108 | +€0 | 0.0% |
| Recurring financial charges | 65 | €108 | €108 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €47,648 | -€17,618 | -€65,266 | |
| Income taxes | 67/77 | €16,204 | €653 | -€15,551 | -96.0% |
| Profit (loss) for the period | 9904 | €31,444 | -€18,271 | -€49,714 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,444 | -€18,271 | -€49,714 |
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 10 October 2026 via checked.be.