TER KEMPEN: 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 KEMPEN
Largest movements
- Tangible fixed assets -€66,676
down €66,676 (-23.6%), from €282,777 to €216,101
of which Land and buildings: -€37,588
- Cash -€42,691
down €42,691 (-45.9%), from €93,024 to €50,333
mainly Trade debts (-€164,091) and Short-term financial debts (-€26,820)
- Receivables within one year -€29,741
down €29,741 (-6.3%), from €470,804 to €441,063
of which Trade receivables: -€92,865
- Stocks and contracts -€11,389
down €11,389 (-36.9%), from €30,846 to €19,457
- Trade debts -€164,091
down €164,091 (-72.6%), from €226,101 to €62,011
- Profit (loss) carried forward +€51,948
up €51,948 (+15.8%), from €328,039 to €379,987
- Short-term financial debts -€26,820
down €26,820 (-34.9%), from €76,820 to €50,000
- Debts after one year -€14,766
down €14,766 (-21.8%), from €67,589 to €52,823
- Gross operating margin -€76,179
down €76,179 (-20.3%), from €376,114 to €299,935
- Taxes -€44,566
down €44,566 (-58.4%), from €76,297 to €31,731
- Staff costs +€21,809
up €21,809 (+18.2%), from €119,625 to €141,434
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 | €877,764 | €727,714 | -€150,050 | -17.1% |
| Fixed assets | 21/28 | €282,777 | €216,101 | -€66,676 | -23.6% |
| Tangible fixed assets | 22/27 | €282,777 | €216,101 | -€66,676 | -23.6% |
| Land and buildings | 22 | €217,828 | €180,240 | -€37,588 | -17.3% |
| Plant, machinery and equipment | 23 | €56,616 | €35,861 | -€20,755 | -36.7% |
| Furniture and vehicles | 24 | €453 | - | -€453 | |
| Leasing and similar rights | 25 | €7,881 | - | -€7,881 | |
| Current assets | 29/58 | €594,987 | €511,613 | -€83,374 | -14.0% |
| Stocks and contracts in progress | 3 | €30,846 | €19,457 | -€11,389 | -36.9% |
| Stocks | 30/36 | €30,846 | €19,457 | -€11,389 | -36.9% |
| Amounts receivable within one year | 40/41 | €470,804 | €441,063 | -€29,741 | -6.3% |
| Trade receivables | 40 | €118,901 | €26,036 | -€92,865 | -78.1% |
| Other amounts receivable | 41 | €351,902 | €415,027 | +€63,124 | +17.9% |
| Cash at bank and in hand | 54/58 | €93,024 | €50,333 | -€42,691 | -45.9% |
| Deferred charges and accrued income | 490/1 | €313 | €761 | +€448 | +143% |
| Total equity and liabilities | 10/49 | €877,764 | €727,714 | -€150,050 | -17.1% |
| Equity | 10/15 | €470,563 | €522,511 | +€51,948 | +11.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €117,523 | €117,523 | = | 0.0% |
| Distributable reserves | 133 | €117,523 | €117,523 | = | 0.0% |
| Profit (loss) carried forward | 14 | €328,039 | €379,987 | +€51,948 | +15.8% |
| Amounts payable | 17/49 | €407,201 | €205,204 | -€201,998 | -49.6% |
| Amounts payable after more than one year | 17 | €67,589 | €52,823 | -€14,766 | -21.8% |
| Financial debts | 170/4 | €67,589 | €52,823 | -€14,766 | -21.8% |
| Amounts payable within one year | 42/48 | €339,612 | €152,381 | -€187,231 | -55.1% |
| Current portion of amounts payable after more than one year | 42 | €19,633 | €14,790 | -€4,842 | -24.7% |
| Financial debts | 43 | €76,820 | €50,000 | -€26,820 | -34.9% |
| Credit institutions | 430/8 | €76,820 | €50,000 | -€26,820 | -34.9% |
| Trade debts | 44 | €226,101 | €62,011 | -€164,091 | -72.6% |
| Suppliers | 440/4 | €226,101 | €62,011 | -€164,091 | -72.6% |
| Taxes, remuneration and social security | 45 | €17,058 | €25,580 | +€8,522 | +50.0% |
| Taxes | 450/3 | €8,287 | €7,704 | -€583 | -7.0% |
| Remuneration and social security | 454/9 | €8,771 | €17,876 | +€9,104 | +104% |
| Remuneration, social security and pensions | 62 | €119,625 | €141,434 | +€21,809 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,582 | €69,188 | -€3,393 | -4.7% |
| Other operating charges | 640/8 | €2,186 | €2,949 | +€763 | +34.9% |
| Gross operating margin | 9900 | €376,114 | €299,935 | -€76,179 | -20.3% |
| Operating profit (loss) | 9901 | €181,722 | €86,364 | -€95,358 | -52.5% |
| Financial income | 75/76B | €5,969 | €9,587 | +€3,618 | +60.6% |
| Recurring financial income | 75 | €5,969 | €9,587 | +€3,618 | +60.6% |
| Financial charges | 65/66B | €14,724 | €12,272 | -€2,453 | -16.7% |
| Recurring financial charges | 65 | €14,724 | €12,272 | -€2,453 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €172,966 | €83,679 | -€89,287 | -51.6% |
| Income taxes | 67/77 | €76,297 | €31,731 | -€44,566 | -58.4% |
| Profit (loss) for the period | 9904 | €96,669 | €51,948 | -€44,722 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,669 | €51,948 | -€44,722 | -46.3% |
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 30 October 2026 via checked.be.