TER KEMP: 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.
TER KEMP
Largest movements
- Receivables after one year +€100,000
up €100,000 (+66.7%), from €150,000 to €250,000
- Current investments -€68,563
down €68,563 (-13.2%), from €520,266 to €451,703
- Tangible fixed assets +€40,909
up €40,909 (+8.1%), from €503,871 to €544,780
of which Furniture and vehicles: +€56,223
- Receivables within one year +€22,061
up €22,061 (+57.1%), from €38,640 to €60,701
of which Trade receivables: +€23,274
- Cash -€17,019
down €17,019 (-32.6%), from €52,213 to €35,194
mainly Receivables after one year (-€100,000) and Investment in fixed assets (net) (-€73,197)
- Reserves +€29,212
up €29,212 (+3.0%), from €980,361 to €1.0m
of which Distributable reserves: +€29,212
- Current portion of long-term debt +€28,904
up €28,904 (+115%), from €25,057 to €53,961
- Other debts +€19,275
up €19,275 (+75.7%), from €25,476 to €44,751
- Financial income +€11,898
up €11,898 (+67.3%), from €17,679 to €29,577
- Depreciation +€9,506
up €9,506 (+41.9%), from €22,697 to €32,203
- Gross operating margin +€4,482
up €4,482 (+5.2%), from €86,305 to €90,787
- Staff costs +€3,863
new in 2025: €3,863
- Other operating charges +€1,804
up €1,804 (+47.1%), from €3,831 to €5,635
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 | €1,288,554 | €1,363,664 | +€75,110 | +5.8% |
| Fixed assets | 21/28 | €503,871 | €544,865 | +€40,994 | +8.1% |
| Tangible fixed assets | 22/27 | €503,871 | €544,780 | +€40,909 | +8.1% |
| Land and buildings | 22 | €470,411 | €461,478 | -€8,933 | -1.9% |
| Plant, machinery and equipment | 23 | €28,900 | €22,519 | -€6,381 | -22.1% |
| Furniture and vehicles | 24 | €4,560 | €60,783 | +€56,223 | +1,233% |
| Financial fixed assets | 28 | - | €85 | +€85 | |
| Current assets | 29/58 | €784,683 | €818,799 | +€34,116 | +4.3% |
| Amounts receivable after more than one year | 29 | €150,000 | €250,000 | +€100,000 | +66.7% |
| Other amounts receivable | 291 | €150,000 | €250,000 | +€100,000 | +66.7% |
| Amounts receivable within one year | 40/41 | €38,640 | €60,701 | +€22,061 | +57.1% |
| Trade receivables | 40 | €32,146 | €55,420 | +€23,274 | +72.4% |
| Other amounts receivable | 41 | €6,494 | €5,281 | -€1,213 | -18.7% |
| Current investments | 50/53 | €520,266 | €451,703 | -€68,563 | -13.2% |
| Cash at bank and in hand | 54/58 | €52,213 | €35,194 | -€17,019 | -32.6% |
| Deferred charges and accrued income | 490/1 | €23,564 | €21,201 | -€2,363 | -10.0% |
| Total equity and liabilities | 10/49 | €1,288,554 | €1,363,664 | +€75,110 | +5.8% |
| Equity | 10/15 | €998,961 | €1,028,173 | +€29,212 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €980,361 | €1,009,573 | +€29,212 | +3.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | €23,687 | €23,687 | +€0 | 0.0% |
| Distributable reserves | 133 | €954,814 | €984,026 | +€29,212 | +3.1% |
| Amounts payable | 17/49 | €289,593 | €335,491 | +€45,898 | +15.8% |
| Amounts payable after more than one year | 17 | €221,889 | €222,436 | +€547 | +0.2% |
| Financial debts | 170/4 | €221,889 | €222,436 | +€547 | +0.2% |
| Amounts payable within one year | 42/48 | €65,375 | €113,055 | +€47,680 | +72.9% |
| Current portion of amounts payable after more than one year | 42 | €25,057 | €53,961 | +€28,904 | +115% |
| Trade debts | 44 | €1,305 | €3,499 | +€2,194 | +168% |
| Suppliers | 440/4 | €1,305 | €3,499 | +€2,194 | +168% |
| Taxes, remuneration and social security | 45 | €13,537 | €10,845 | -€2,692 | -19.9% |
| Taxes | 450/3 | €10,490 | €6,387 | -€4,103 | -39.1% |
| Remuneration and social security | 454/9 | €3,047 | €4,458 | +€1,411 | +46.3% |
| Other amounts payable | 47/48 | €25,476 | €44,751 | +€19,275 | +75.7% |
| Accrued charges and deferred income | 492/3 | €2,329 | - | -€2,329 | |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Remuneration, social security and pensions | 62 | - | €3,863 | +€3,863 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,697 | €32,203 | +€9,506 | +41.9% |
| Other operating charges | 640/8 | €3,831 | €5,635 | +€1,804 | +47.1% |
| Gross operating margin | 9900 | €86,305 | €90,787 | +€4,482 | +5.2% |
| Operating profit (loss) | 9901 | €59,777 | €49,086 | -€10,691 | -17.9% |
| Financial income | 75/76B | €17,679 | €29,577 | +€11,898 | +67.3% |
| Recurring financial income | 75 | €17,679 | €29,577 | +€11,898 | +67.3% |
| Financial charges | 65/66B | €10,950 | €10,569 | -€381 | -3.5% |
| Recurring financial charges | 65 | €10,950 | €10,569 | -€381 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €66,506 | €68,095 | +€1,589 | +2.4% |
| Income taxes | 67/77 | €18,193 | €18,883 | +€690 | +3.8% |
| Profit (loss) for the period | 9904 | €48,313 | €49,211 | +€898 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,313 | €49,211 | +€898 | +1.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.