KERACO: 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.
KERACO
Largest movements
- Receivables within one year -€18,018
down €18,018 (-88.7%), from €20,315 to €2,297
of which Trade receivables: -€12,707
- Cash +€10,768
up €10,768 (+225%), from €4,780 to €15,548
mainly Receivables within one year (+€18,018) and Net result for the year (+€9,034)
- Tangible fixed assets -€2,844
down €2,844 (-1.4%), from €196,342 to €193,498
of which Plant, machinery and equipment: -€2,594
- Debts after one year -€12,775
down €12,775 (-8.9%), from €143,225 to €130,450
- Reserves +€8,625
up €8,625 (+24.3%), from €35,509 to €44,134
of which Distributable reserves: +€8,625
- Trade debts -€7,039
down €7,039 (-70.1%), from €10,034 to €2,996
- Gross operating margin +€3,720
up €3,720 (+23.7%), from €15,685 to €19,405
- Other operating charges +€2,842
up €2,842 (+9,330%), from €30 to €2,872
- Depreciation -€2,230
down €2,230 (-44.0%), from €5,073 to €2,844
- Taxes +€1,390
up €1,390 (+366%), from €380 to €1,770
- Financial income -€257
down €257 (-66.5%), from €387 to €130
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €221,437 | €211,344 | -€10,094 | -4.6% |
| Fixed assets | 21/28 | €196,342 | €193,498 | -€2,844 | -1.4% |
| Tangible fixed assets | 22/27 | €196,342 | €193,498 | -€2,844 | -1.4% |
| Land and buildings | 22 | €190,000 | €190,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,758 | €2,164 | -€2,594 | -54.5% |
| Furniture and vehicles | 24 | €1,584 | €1,334 | -€250 | -15.8% |
| Current assets | 29/58 | €25,096 | €17,845 | -€7,250 | -28.9% |
| Amounts receivable within one year | 40/41 | €20,315 | €2,297 | -€18,018 | -88.7% |
| Trade receivables | 40 | €12,707 | - | -€12,707 | |
| Other amounts receivable | 41 | €7,608 | €2,297 | -€5,311 | -69.8% |
| Cash at bank and in hand | 54/58 | €4,780 | €15,548 | +€10,768 | +225% |
| Total equity and liabilities | 10/49 | €221,437 | €211,344 | -€10,094 | -4.6% |
| Equity | 10/15 | €53,701 | €62,734 | +€9,034 | +16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,509 | €44,134 | +€8,625 | +24.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €33,649 | €42,274 | +€8,625 | +25.6% |
| Profit (loss) carried forward | 14 | -€408 | - | +€408 | |
| Amounts payable | 17/49 | €167,737 | €148,609 | -€19,127 | -11.4% |
| Amounts payable after more than one year | 17 | €143,225 | €130,450 | -€12,775 | -8.9% |
| Financial debts | 170/4 | €143,225 | €130,450 | -€12,775 | -8.9% |
| Amounts payable within one year | 42/48 | €24,511 | €18,159 | -€6,352 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €12,549 | €12,775 | +€227 | +1.8% |
| Trade debts | 44 | €10,034 | €2,996 | -€7,039 | -70.1% |
| Suppliers | 440/4 | €10,034 | €2,996 | -€7,039 | -70.1% |
| Taxes, remuneration and social security | 45 | €1,928 | €2,388 | +€460 | +23.9% |
| Taxes | 450/3 | €1,928 | €2,388 | +€460 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,073 | €2,844 | -€2,230 | -44.0% |
| Other operating charges | 640/8 | €30 | €2,872 | +€2,842 | +9,330% |
| Gross operating margin | 9900 | €15,685 | €19,405 | +€3,720 | +23.7% |
| Operating profit (loss) | 9901 | €10,581 | €13,689 | +€3,108 | +29.4% |
| Financial income | 75/76B | €387 | €130 | -€257 | -66.5% |
| Recurring financial income | 75 | €387 | €130 | -€257 | -66.5% |
| Financial charges | 65/66B | €3,109 | €3,016 | -€94 | -3.0% |
| Recurring financial charges | 65 | €3,109 | €3,016 | -€94 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €7,859 | €10,803 | +€2,944 | +37.5% |
| Income taxes | 67/77 | €380 | €1,770 | +€1,390 | +366% |
| Profit (loss) for the period | 9904 | €7,479 | €9,034 | +€1,554 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,479 | €9,034 | +€1,554 | +20.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.