De Kerselaer: what changed
De Kerselaer
Largest movements
- Receivables within one year +€3,200
up €3,200 (+53.3%), from €6,000 to €9,200
of which Trade receivables: +€3,200
- Cash +€1,020
up €1,020 (+48.8%), from €2,092 to €3,112
mainly Net result for the year (+€14,649) and Depreciation (+€90)
- Profit (loss) carried forward +€14,649
up €14,649 (+22.2%), from -€65,914 to -€51,265
- Tax, wage and social debts -€8,301
down €8,301 (-47.6%), from €17,422 to €9,121
of which Remuneration and social security: -€8,500
- Accrued charges and deferred income -€1,322
down €1,322 (-100%), from €1,322 to €0
- Other debts -€781
down €781 (-1.6%), from €49,338 to €48,557
- Gross operating margin +€13,255
up €13,255 (+644%), from €2,057 to €15,312
- Financial charges -€180
down €180 (-76.9%), from €234 to €54
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,606 | €12,742 | +€4,135 | +48.0% |
| Fixed assets | 21/28 | €359 | €269 | -€90 | -25.0% |
| Tangible fixed assets | 22/27 | €359 | €269 | -€90 | -25.0% |
| Other tangible fixed assets | 26 | €359 | €269 | -€90 | -25.0% |
| Current assets | 29/58 | €8,248 | €12,473 | +€4,225 | +51.2% |
| Amounts receivable within one year | 40/41 | €6,000 | €9,200 | +€3,200 | +53.3% |
| Trade receivables | 40 | €0 | €3,200 | +€3,200 | |
| Other amounts receivable | 41 | €6,000 | €6,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,092 | €3,112 | +€1,020 | +48.8% |
| Deferred charges and accrued income | 490/1 | €156 | €161 | +€5 | +3.0% |
| Total equity and liabilities | 10/49 | €8,606 | €12,742 | +€4,135 | +48.0% |
| Equity | 10/15 | -€59,714 | -€45,065 | +€14,649 | +24.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,914 | -€51,265 | +€14,649 | +22.2% |
| Amounts payable | 17/49 | €68,321 | €57,807 | -€10,513 | -15.4% |
| Amounts payable within one year | 42/48 | €66,998 | €57,807 | -€9,191 | -13.7% |
| Trade debts | 44 | €239 | €129 | -€109 | -45.8% |
| Suppliers | 440/4 | €239 | €129 | -€109 | -45.8% |
| Taxes, remuneration and social security | 45 | €17,422 | €9,121 | -€8,301 | -47.6% |
| Taxes | 450/3 | €372 | €571 | +€199 | +53.4% |
| Remuneration and social security | 454/9 | €17,050 | €8,550 | -€8,500 | -49.9% |
| Other amounts payable | 47/48 | €49,338 | €48,557 | -€781 | -1.6% |
| Accrued charges and deferred income | 492/3 | €1,322 | €0 | -€1,322 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90 | €90 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €2,057 | €15,312 | +€13,255 | +644% |
| Operating profit (loss) | 9901 | €1,462 | €14,703 | +€13,241 | +906% |
| Financial income | 75/76B | €1 | €0 | -€1 | -95.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -95.3% |
| Financial charges | 65/66B | €234 | €54 | -€180 | -76.9% |
| Recurring financial charges | 65 | €234 | €54 | -€180 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | €1,229 | €14,649 | +€13,419 | +1,092% |
| Profit (loss) for the period | 9904 | €1,229 | €14,649 | +€13,419 | +1,092% |
| Profit (loss) for the period to be appropriated | 9905 | €1,229 | €14,649 | +€13,419 | +1,092% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.