Ker Mich: what changed
Two fiscal 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.
Ker Mich
Largest movements
- Cash -€2,858
down €2,858 (-44.5%), from €6,417 to €3,558
mainly Net result for the year (-€12,471) and Receivables within one year (-€2,796)
- Receivables within one year +€2,796
up €2,796 (+413.6%), from €676 to €3,472
of which Trade receivables: +€2,759
- Stocks and contracts +€1,916
up €1,916 (+29.3%), from €6,533 to €8,449
- Deferred charges and accrued income -€1,845
down €1,845 (-20.9%), from €8,831 to €6,985
- Tangible fixed assets -€1,009
down €1,009 (-19.6%), from €5,158 to €4,149
of which Other tangible fixed assets: -€1,238
- Profit (loss) carried forward -€12,471
down €12,471 (-73.3%), from -€17,006 to -€29,476
- Tax, wage and social debts +€4,533
up €4,533 (+49.7%), from €9,115 to €13,648
of which Remuneration and social security: +€4,418
- Trade debts +€3,655
up €3,655 (+72.3%), from €5,058 to €8,713
- Other debts +€3,194
up €3,194 (+25.1%), from €12,747 to €15,940
- Gross operating margin +€11,296
up €11,296 (+18.4%), from €61,294 to €72,591
- Staff costs +€8,341
up €8,341 (+12.2%), from €68,604 to €76,945
- Financial charges -€853
down €853 (-25.9%), from €3,301 to €2,447
- Other operating charges -€803
down €803 (-23.8%), from €3,380 to €2,577
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.
Cash bridge derived
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 | €28,514 | €27,425 | -€1,089 | -3.8% |
| Formation expenses | 20 | €88 | - | -€88 | |
| Fixed assets | 21/28 | €5,969 | €4,960 | -€1,009 | -16.9% |
| Tangible fixed assets | 22/27 | €5,158 | €4,149 | -€1,009 | -19.6% |
| Plant, machinery and equipment | 23 | €1,647 | €2,721 | +€1,074 | +65.2% |
| Furniture and vehicles | 24 | €1,606 | €760 | -€846 | -52.7% |
| Other tangible fixed assets | 26 | €1,906 | €668 | -€1,238 | -65.0% |
| Financial fixed assets | 28 | €811 | €811 | = | 0.0% |
| Current assets | 29/58 | €22,456 | €22,465 | +€9 | 0.0% |
| Stocks and contracts in progress | 3 | €6,533 | €8,449 | +€1,916 | +29.3% |
| Stocks | 30/36 | €6,533 | €8,449 | +€1,916 | +29.3% |
| Amounts receivable within one year | 40/41 | €676 | €3,472 | +€2,796 | +413.6% |
| Trade receivables | 40 | - | €2,759 | +€2,759 | |
| Other amounts receivable | 41 | €676 | €713 | +€37 | +5.5% |
| Cash at bank and in hand | 54/58 | €6,417 | €3,558 | -€2,858 | -44.5% |
| Deferred charges and accrued income | 490/1 | €8,831 | €6,985 | -€1,845 | -20.9% |
| Total equity and liabilities | 10/49 | €28,514 | €27,425 | -€1,089 | -3.8% |
| Equity | 10/15 | €1,594 | -€10,876 | -€12,471 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,006 | -€29,476 | -€12,471 | -73.3% |
| Amounts payable | 17/49 | €26,920 | €38,302 | +€11,382 | +42.3% |
| Amounts payable within one year | 42/48 | €26,920 | €38,302 | +€11,382 | +42.3% |
| Trade debts | 44 | €5,058 | €8,713 | +€3,655 | +72.3% |
| Suppliers | 440/4 | €5,058 | €8,713 | +€3,655 | +72.3% |
| Taxes, remuneration and social security | 45 | €9,115 | €13,648 | +€4,533 | +49.7% |
| Taxes | 450/3 | €1,048 | €1,164 | +€116 | +11.0% |
| Remuneration and social security | 454/9 | €8,067 | €12,484 | +€4,418 | +54.8% |
| Other amounts payable | 47/48 | €12,747 | €15,940 | +€3,194 | +25.1% |
| Remuneration, social security and pensions | 62 | €68,604 | €76,945 | +€8,341 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,689 | €2,953 | +€264 | +9.8% |
| Other operating charges | 640/8 | €3,380 | €2,577 | -€803 | -23.8% |
| Gross operating margin | 9900 | €61,294 | €72,591 | +€11,296 | +18.4% |
| Operating profit (loss) | 9901 | -€13,379 | -€9,885 | +€3,494 | +26.1% |
| Financial income | 75/76B | €1 | €3 | +€2 | +258.9% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +258.9% |
| Financial charges | 65/66B | €3,301 | €2,447 | -€853 | -25.9% |
| Recurring financial charges | 65 | €3,301 | €2,447 | -€853 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,678 | -€12,329 | +€4,349 | +26.1% |
| Income taxes | 67/77 | €134 | €141 | +€7 | +5.4% |
| Profit (loss) for the period | 9904 | -€16,813 | -€12,471 | +€4,342 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,813 | -€12,471 | +€4,342 | +25.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.