Project Pro Kempinski: 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.
Project Pro Kempinski
Largest movements
- Receivables after one year +€24,761
up €24,761 (+376%), from €6,586 to €31,347
- Cash +€8,263
up €8,263 (+27.2%), from €30,336 to €38,599
mainly Net result for the year (+€26,854) and Tax, wage and social debts (+€8,041)
- Tangible fixed assets -€1,534
down €1,534 (-22.1%), from €6,928 to €5,394
- Profit (loss) carried forward +€26,854
up €26,854 (+66.8%), from €40,196 to €67,050
- Tax, wage and social debts +€8,041
up €8,041 (+78.0%), from €10,309 to €18,350
- Trade debts -€2,643
down €2,643 (-59.8%), from €4,421 to €1,778
- Gross operating margin -€14,786
down €14,786 (-28.7%), from €51,516 to €36,730
- Taxes -€2,268
down €2,268 (-22.0%), from €10,309 to €8,041
- Depreciation +€790
up €790 (+106%), from €744 to €1,534
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,926 | €87,178 | +€32,252 | +58.7% |
| Fixed assets | 21/28 | €6,928 | €5,394 | -€1,534 | -22.1% |
| Tangible fixed assets | 22/27 | €6,928 | €5,394 | -€1,534 | -22.1% |
| Furniture and vehicles | 24 | €6,928 | €5,394 | -€1,534 | -22.1% |
| Current assets | 29/58 | €47,998 | €81,784 | +€33,786 | +70.4% |
| Amounts receivable after more than one year | 29 | €6,586 | €31,347 | +€24,761 | +376% |
| Other amounts receivable | 291 | €6,586 | €31,347 | +€24,761 | +376% |
| Amounts receivable within one year | 40/41 | €9,925 | €10,449 | +€524 | +5.3% |
| Trade receivables | 40 | €9,165 | €9,782 | +€617 | +6.7% |
| Other amounts receivable | 41 | €760 | €667 | -€93 | -12.2% |
| Cash at bank and in hand | 54/58 | €30,336 | €38,599 | +€8,263 | +27.2% |
| Deferred charges and accrued income | 490/1 | €1,151 | €1,389 | +€238 | +20.7% |
| Total equity and liabilities | 10/49 | €54,926 | €87,178 | +€32,252 | +58.7% |
| Equity | 10/15 | €40,196 | €67,050 | +€26,854 | +66.8% |
| Profit (loss) carried forward | 14 | €40,196 | €67,050 | +€26,854 | +66.8% |
| Amounts payable | 17/49 | €14,730 | €20,128 | +€5,398 | +36.6% |
| Amounts payable within one year | 42/48 | €14,730 | €20,128 | +€5,398 | +36.6% |
| Trade debts | 44 | €4,421 | €1,778 | -€2,643 | -59.8% |
| Suppliers | 440/4 | €4,421 | €1,778 | -€2,643 | -59.8% |
| Taxes, remuneration and social security | 45 | €10,309 | €18,350 | +€8,041 | +78.0% |
| Taxes | 450/3 | €10,309 | €18,350 | +€8,041 | +78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €744 | €1,534 | +€790 | +106% |
| Other operating charges | 640/8 | €335 | €636 | +€301 | +89.9% |
| Gross operating margin | 9900 | €51,516 | €36,730 | -€14,786 | -28.7% |
| Operating profit (loss) | 9901 | €50,437 | €34,560 | -€15,877 | -31.5% |
| Financial income | 75/76B | €97 | €463 | +€366 | +377% |
| Recurring financial income | 75 | €97 | €463 | +€366 | +377% |
| Financial charges | 65/66B | €29 | €128 | +€99 | +341% |
| Recurring financial charges | 65 | €29 | €128 | +€99 | +341% |
| Profit (loss) for the period before taxes | 9903 | €50,505 | €34,895 | -€15,610 | -30.9% |
| Income taxes | 67/77 | €10,309 | €8,041 | -€2,268 | -22.0% |
| Profit (loss) for the period | 9904 | €40,196 | €26,854 | -€13,342 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,196 | €26,854 | -€13,342 | -33.2% |
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 23 October 2026 via checked.be.