KERABO: 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.
KERABO
Largest movements
- Receivables within one year -€4,062
no longer reported in 2025 (was €4,062)
of which Other amounts receivable: -€3,637
- Stocks and contracts -€1,662
no longer reported in 2025 (was €1,662)
- Tangible fixed assets -€599
down €599 (-100.0%), from €599 to €0
of which Furniture and vehicles: -€433
- Cash +€493
up €493 (+22.2%), from €2,219 to €2,712
mainly Receivables within one year (+€4,062) and Tax, wage and social debts (+€1,883)
- Other debts -€5,843
down €5,843 (-38.7%), from €15,104 to €9,261
- Profit (loss) carried forward -€2,278
down €2,278 (-25.2%), from -€9,054 to -€11,332
- Tax, wage and social debts +€1,883
new in 2025: €1,883
- Trade debts +€400
up €400, from €0 to €400
- Gross operating margin +€8,349
up €8,349, from -€6,135 to €2,214
- Depreciation -€4,607
no longer reported in 2025 (was €4,607)
- Financial charges +€3,354
up €3,354 (+7709.3%), from €44 to €3,397
of which Non-recurring financial charges: +€3,348
- Other operating charges +€471
up €471 (+75.5%), from €624 to €1,095
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 | €8,550 | €2,712 | -€5,838 | -68.3% |
| Fixed assets | 21/28 | €599 | €0 | -€599 | -100.0% |
| Tangible fixed assets | 22/27 | €599 | €0 | -€599 | -100.0% |
| Plant, machinery and equipment | 23 | €167 | €0 | -€167 | -100.0% |
| Furniture and vehicles | 24 | €433 | - | -€433 | |
| Current assets | 29/58 | €7,951 | €2,712 | -€5,239 | -65.9% |
| Stocks and contracts in progress | 3 | €1,662 | - | -€1,662 | |
| Stocks | 30/36 | €1,662 | - | -€1,662 | |
| Amounts receivable within one year | 40/41 | €4,062 | - | -€4,062 | |
| Trade receivables | 40 | €426 | - | -€426 | |
| Other amounts receivable | 41 | €3,637 | - | -€3,637 | |
| Cash at bank and in hand | 54/58 | €2,219 | €2,712 | +€493 | +22.2% |
| Deferred charges and accrued income | 490/1 | €8 | - | -€8 | |
| Total equity and liabilities | 10/49 | €8,550 | €2,712 | -€5,838 | -68.3% |
| Equity | 10/15 | -€6,554 | -€8,832 | -€2,278 | -34.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,054 | -€11,332 | -€2,278 | -25.2% |
| Amounts payable | 17/49 | €15,104 | €11,544 | -€3,560 | -23.6% |
| Amounts payable within one year | 42/48 | €15,104 | €11,544 | -€3,560 | -23.6% |
| Trade debts | 44 | €0 | €400 | +€400 | |
| Suppliers | 440/4 | €0 | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | - | €1,883 | +€1,883 | |
| Taxes | 450/3 | - | €1,883 | +€1,883 | |
| Other amounts payable | 47/48 | €15,104 | €9,261 | -€5,843 | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,607 | - | -€4,607 | |
| Other operating charges | 640/8 | €624 | €1,095 | +€471 | +75.5% |
| Gross operating margin | 9900 | -€6,135 | €2,214 | +€8,349 | |
| Operating profit (loss) | 9901 | -€11,366 | €1,119 | +€12,485 | |
| Financial charges | 65/66B | €44 | €3,397 | +€3,354 | +7709.3% |
| Recurring financial charges | 65 | €44 | €49 | +€6 | +12.8% |
| Non-recurring financial charges | 66B | - | €3,348 | +€3,348 | |
| Profit (loss) for the period before taxes | 9903 | -€11,410 | -€2,278 | +€9,132 | +80.0% |
| Profit (loss) for the period | 9904 | -€11,410 | -€2,278 | +€9,132 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,410 | -€2,278 | +€9,132 | +80.0% |
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 9 October 2026 via checked.be.