DE KERN: 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.
DE KERN
Largest movements
- Tangible fixed assets -€3,341
down €3,341 (-6.6%), from €50,523 to €47,182
of which Land and buildings: -€2,748
- Cash -€2,736
down €2,736 (-20.9%), from €13,073 to €10,337
mainly Net result for the year (-€5,681) and Investment in fixed assets (net) (-€950)
- Receivables within one year +€706
up €706 (+23.1%), from €3,059 to €3,764
of which Trade receivables: +€711
- Profit (loss) carried forward -€5,681
new in 2025: -€5,681
- Gross operating margin -€8,461
down €8,461 (-99.3%), from €8,518 to €57
- Other operating charges -€1,141
down €1,141 (-45.1%), from €2,529 to €1,388
- Taxes -€752
down €752 (-97.6%), from €770 to €18
- Financial income -€239
no longer reported in 2025 (was €239)
- Depreciation +€174
up €174 (+4.2%), from €4,117 to €4,291
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 | €66,655 | €61,284 | -€5,371 | -8.1% |
| Fixed assets | 21/28 | €50,523 | €47,182 | -€3,341 | -6.6% |
| Tangible fixed assets | 22/27 | €50,523 | €47,182 | -€3,341 | -6.6% |
| Land and buildings | 22 | €48,795 | €46,047 | -€2,748 | -5.6% |
| Furniture and vehicles | 24 | €1,728 | €1,135 | -€593 | -34.3% |
| Current assets | 29/58 | €16,132 | €14,102 | -€2,030 | -12.6% |
| Amounts receivable within one year | 40/41 | €3,059 | €3,764 | +€706 | +23.1% |
| Trade receivables | 40 | €1,688 | €2,399 | +€711 | +42.1% |
| Other amounts receivable | 41 | €1,371 | €1,365 | -€6 | -0.4% |
| Cash at bank and in hand | 54/58 | €13,073 | €10,337 | -€2,736 | -20.9% |
| Total equity and liabilities | 10/49 | €66,655 | €61,284 | -€5,371 | -8.1% |
| Equity | 10/15 | €21,406 | €15,725 | -€5,681 | -26.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,806 | €2,806 | = | 0.0% |
| Distributable reserves | 133 | €2,806 | €2,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,681 | -€5,681 | |
| Amounts payable | 17/49 | €45,249 | €45,559 | +€310 | +0.7% |
| Amounts payable within one year | 42/48 | €45,249 | €45,559 | +€310 | +0.7% |
| Trade debts | 44 | €1,796 | €1,928 | +€132 | +7.3% |
| Suppliers | 440/4 | €1,796 | €1,928 | +€132 | +7.3% |
| Taxes, remuneration and social security | 45 | €452 | €452 | = | 0.0% |
| Taxes | 450/3 | €452 | €452 | = | 0.0% |
| Other amounts payable | 47/48 | €43,001 | €43,179 | +€178 | +0.4% |
| Non-recurring operating income | 76A | €3,546 | - | -€3,546 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,117 | €4,291 | +€174 | +4.2% |
| Other operating charges | 640/8 | €2,529 | €1,388 | -€1,141 | -45.1% |
| Gross operating margin | 9900 | €8,518 | €57 | -€8,461 | -99.3% |
| Operating profit (loss) | 9901 | €1,872 | -€5,622 | -€7,494 | |
| Financial income | 75/76B | €239 | - | -€239 | |
| Recurring financial income | 75 | €239 | - | -€239 | |
| Financial charges | 65/66B | €20 | €40 | +€20 | +102% |
| Recurring financial charges | 65 | €20 | €40 | +€20 | +102% |
| Profit (loss) for the period before taxes | 9903 | €2,091 | -€5,662 | -€7,754 | |
| Income taxes | 67/77 | €770 | €18 | -€752 | -97.6% |
| Profit (loss) for the period | 9904 | €1,321 | -€5,681 | -€7,002 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,321 | -€5,681 | -€7,002 |
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 19 October 2026 via checked.be.