WEST-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.
WEST-KEMP
Largest movements
- Tangible fixed assets -€22,961
down €22,961 (-3.0%), from €755,916 to €732,955
of which Land and buildings: -€21,134
- Debts after one year -€21,316
down €21,316 (-5.3%), from €400,493 to €379,177
- Other operating charges +€1,322
up €1,322 (+69.4%), from €1,904 to €3,226
- Gross operating margin -€773
down €773 (-2.1%), from €36,302 to €35,528
- Financial charges -€383
down €383 (-4.7%), from €8,221 to €7,838
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 | €767,794 | €743,320 | -€24,474 | -3.2% |
| Fixed assets | 21/28 | €758,466 | €732,955 | -€25,511 | -3.4% |
| Tangible fixed assets | 22/27 | €755,916 | €732,955 | -€22,961 | -3.0% |
| Land and buildings | 22 | €752,263 | €731,128 | -€21,134 | -2.8% |
| Furniture and vehicles | 24 | €3,653 | €1,826 | -€1,826 | -50.0% |
| Financial fixed assets | 28 | €2,550 | - | -€2,550 | |
| Current assets | 29/58 | €9,328 | €10,365 | +€1,037 | +11.1% |
| Amounts receivable within one year | 40/41 | €4,123 | €4,163 | +€41 | +1.0% |
| Trade receivables | 40 | €3,137 | €3,177 | +€41 | +1.3% |
| Other amounts receivable | 41 | €986 | €986 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,205 | €5,486 | +€280 | +5.4% |
| Deferred charges and accrued income | 490/1 | - | €716 | +€716 | |
| Total equity and liabilities | 10/49 | €767,794 | €743,320 | -€24,474 | -3.2% |
| Equity | 10/15 | €167,752 | €169,256 | +€1,504 | +0.9% |
| Contributions | 10/11 | €201,000 | €201,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,248 | -€31,744 | +€1,504 | +4.5% |
| Amounts payable | 17/49 | €600,042 | €574,064 | -€25,978 | -4.3% |
| Amounts payable after more than one year | 17 | €400,493 | €379,177 | -€21,316 | -5.3% |
| Financial debts | 170/4 | €400,493 | €379,177 | -€21,316 | -5.3% |
| Amounts payable within one year | 42/48 | €199,549 | €193,312 | -€6,237 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €20,925 | €21,316 | +€392 | +1.9% |
| Trade debts | 44 | €12,266 | €12,166 | -€100 | -0.8% |
| Suppliers | 440/4 | €12,266 | €12,166 | -€100 | -0.8% |
| Advances received on contracts in progress | 46 | €45,000 | €45,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €174 | €596 | +€422 | +242% |
| Taxes | 450/3 | €174 | €596 | +€422 | +242% |
| Other amounts payable | 47/48 | €121,183 | €114,233 | -€6,950 | -5.7% |
| Accrued charges and deferred income | 492/3 | - | €1,575 | +€1,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,974 | €22,961 | -€13 | -0.1% |
| Other operating charges | 640/8 | €1,904 | €3,226 | +€1,322 | +69.4% |
| Gross operating margin | 9900 | €36,302 | €35,528 | -€773 | -2.1% |
| Operating profit (loss) | 9901 | €11,424 | €9,342 | -€2,082 | -18.2% |
| Financial charges | 65/66B | €8,221 | €7,838 | -€383 | -4.7% |
| Recurring financial charges | 65 | €8,221 | €7,838 | -€383 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €3,203 | €1,504 | -€1,699 | -53.0% |
| Profit (loss) for the period | 9904 | €3,203 | €1,504 | -€1,699 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,203 | €1,504 | -€1,699 | -53.0% |
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.