Kearney Asset Management: 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.
Kearney Asset Management
Largest movements
- Cash +€8,872
up €8,872 (+2,268%), from €391 to €9,263
mainly Receivables within one year (+€8,782) and Deferred charges and accrued income (+€4,075)
- Receivables within one year -€8,782
down €8,782 (-62.9%), from €13,955 to €5,173
of which Trade receivables: -€13,955
- Deferred charges and accrued income -€4,075
down €4,075 (-67.2%), from €6,067 to €1,992
- Profit (loss) carried forward -€4,030
new in 2025: -€4,030
- Trade debts +€1,775
up €1,775 (+272%), from €652 to €2,427
- Reserves -€1,232
down €1,232 (-9.4%), from €13,063 to €11,831
- Tax, wage and social debts -€498
no longer reported in 2025 (was €498)
- Gross operating margin +€9,111
up €9,111 (+67.6%), from -€13,480 to -€4,370
- Financial charges +€323
up €323 (+44.7%), from €722 to €1,045
- Other operating charges -€215
down €215 (-76.6%), from €280 to €66
- Financial income +€186
up €186 (+591%), from €32 to €218
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 | €20,414 | €16,428 | -€3,986 | -19.5% |
| Current assets | 29/58 | €20,414 | €16,428 | -€3,986 | -19.5% |
| Amounts receivable within one year | 40/41 | €13,955 | €5,173 | -€8,782 | -62.9% |
| Trade receivables | 40 | €13,955 | - | -€13,955 | |
| Other amounts receivable | 41 | - | €5,173 | +€5,173 | |
| Cash at bank and in hand | 54/58 | €391 | €9,263 | +€8,872 | +2,268% |
| Deferred charges and accrued income | 490/1 | €6,067 | €1,992 | -€4,075 | -67.2% |
| Total equity and liabilities | 10/49 | €20,414 | €16,428 | -€3,986 | -19.5% |
| Equity | 10/15 | €19,263 | €14,001 | -€5,262 | -27.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,063 | €11,831 | -€1,232 | -9.4% |
| Distributable reserves | 133 | €13,063 | €11,831 | -€1,232 | -9.4% |
| Profit (loss) carried forward | 14 | - | -€4,030 | -€4,030 | |
| Amounts payable | 17/49 | €1,150 | €2,427 | +€1,277 | +111% |
| Amounts payable within one year | 42/48 | €1,150 | €2,427 | +€1,277 | +111% |
| Trade debts | 44 | €652 | €2,427 | +€1,775 | +272% |
| Suppliers | 440/4 | €652 | €2,427 | +€1,775 | +272% |
| Taxes, remuneration and social security | 45 | €498 | - | -€498 | |
| Taxes | 450/3 | €498 | - | -€498 | |
| Other operating charges | 640/8 | €280 | €66 | -€215 | -76.6% |
| Gross operating margin | 9900 | -€13,480 | -€4,370 | +€9,111 | +67.6% |
| Operating profit (loss) | 9901 | -€13,761 | -€4,435 | +€9,325 | +67.8% |
| Financial income | 75/76B | €32 | €218 | +€186 | +591% |
| Recurring financial income | 75 | €32 | €218 | +€186 | +591% |
| Financial charges | 65/66B | €722 | €1,045 | +€323 | +44.7% |
| Recurring financial charges | 65 | €722 | €1,045 | +€323 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,451 | -€5,262 | +€9,189 | +63.6% |
| Profit (loss) for the period | 9904 | -€14,451 | -€5,262 | +€9,189 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,451 | -€5,262 | +€9,189 | +63.6% |
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 18 October 2026 via checked.be.