KERALA: 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.
KERALA
Largest movements
- Receivables within one year +€109,047
up €109,047 (+23.4%), from €465,933 to €574,980
of which Other amounts receivable: +€108,684
- Cash -€21,535
down €21,535 (-9.8%), from €219,222 to €197,686
mainly Contributions, distributions and other (-€300,000) and Receivables within one year (-€109,047)
- Other debts +€300,000
new in 2025: €300,000
- Profit (loss) carried forward -€161,737
down €161,737 (-31.4%), from €514,466 to €352,728
- Tax, wage and social debts -€25,476
down €25,476 (-19.3%), from €131,752 to €106,276
of which Taxes: -€36,638
- Trade debts -€20,016
down €20,016 (-63.9%), from €31,322 to €11,306
- Taxes -€27,497
down €27,497 (-36.8%), from €74,797 to €47,300
- Gross operating margin +€13,288
up €13,288 (+3.6%), from €365,148 to €378,435
- Provisions +€5,000
up €5,000 (+50.0%), from -€10,000 to -€5,000
- Financial income -€3,816
down €3,816 (-38.3%), from €9,977 to €6,161
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 | €762,132 | €844,000 | +€81,868 | +10.7% |
| Fixed assets | 21/28 | €29,619 | €29,179 | -€440 | -1.5% |
| Tangible fixed assets | 22/27 | €17,740 | €16,861 | -€879 | -5.0% |
| Land and buildings | 22 | €628 | €380 | -€248 | -39.5% |
| Furniture and vehicles | 24 | €11,011 | €3,542 | -€7,469 | -67.8% |
| Other tangible fixed assets | 26 | €6,101 | €12,940 | +€6,838 | +112.1% |
| Financial fixed assets | 28 | €11,879 | €12,318 | +€439 | +3.7% |
| Current assets | 29/58 | €732,512 | €814,821 | +€82,309 | +11.2% |
| Stocks and contracts in progress | 3 | €25,618 | €23,623 | -€1,995 | -7.8% |
| Stocks | 30/36 | €25,618 | €23,623 | -€1,995 | -7.8% |
| Amounts receivable within one year | 40/41 | €465,933 | €574,980 | +€109,047 | +23.4% |
| Trade receivables | 40 | - | €363 | +€363 | |
| Other amounts receivable | 41 | €465,933 | €574,617 | +€108,684 | +23.3% |
| Cash at bank and in hand | 54/58 | €219,222 | €197,686 | -€21,535 | -9.8% |
| Deferred charges and accrued income | 490/1 | €21,740 | €18,532 | -€3,208 | -14.8% |
| Total equity and liabilities | 10/49 | €762,132 | €844,000 | +€81,868 | +10.7% |
| Equity | 10/15 | €547,526 | €385,788 | -€161,737 | -29.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €26,860 | €26,860 | = | 0.0% |
| Distributable reserves | 133 | €26,860 | €26,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €514,466 | €352,728 | -€161,737 | -31.4% |
| Provisions and deferred taxes | 16 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Major repairs and maintenance | 162 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Amounts payable | 17/49 | €204,606 | €453,212 | +€248,606 | +121.5% |
| Amounts payable after more than one year | 17 | €5,957 | €2,033 | -€3,925 | -65.9% |
| Financial debts | 170/4 | €5,957 | €2,033 | -€3,925 | -65.9% |
| Amounts payable within one year | 42/48 | €198,588 | €451,151 | +€252,563 | +127.2% |
| Current portion of amounts payable after more than one year | 42 | €3,745 | €3,925 | +€180 | +4.8% |
| Financial debts | 43 | €31,770 | €29,644 | -€2,126 | -6.7% |
| Credit institutions | 430/8 | €31,770 | €29,644 | -€2,126 | -6.7% |
| Trade debts | 44 | €31,322 | €11,306 | -€20,016 | -63.9% |
| Suppliers | 440/4 | €31,322 | €11,306 | -€20,016 | -63.9% |
| Taxes, remuneration and social security | 45 | €131,752 | €106,276 | -€25,476 | -19.3% |
| Taxes | 450/3 | €104,167 | €67,530 | -€36,638 | -35.2% |
| Remuneration and social security | 454/9 | €27,584 | €38,746 | +€11,162 | +40.5% |
| Other amounts payable | 47/48 | - | €300,000 | +€300,000 | |
| Accrued charges and deferred income | 492/3 | €61 | €29 | -€32 | -52.8% |
| Remuneration, social security and pensions | 62 | €178,786 | €181,683 | +€2,897 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,337 | €9,212 | -€125 | -1.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€10,000 | -€5,000 | +€5,000 | +50.0% |
| Other operating charges | 640/8 | €1,931 | €1,894 | -€37 | -1.9% |
| Gross operating margin | 9900 | €365,148 | €378,435 | +€13,288 | +3.6% |
| Operating profit (loss) | 9901 | €185,094 | €190,647 | +€5,553 | +3.0% |
| Financial income | 75/76B | €9,977 | €6,161 | -€3,816 | -38.3% |
| Recurring financial income | 75 | €9,977 | €6,161 | -€3,816 | -38.3% |
| Financial charges | 65/66B | €11,374 | €11,245 | -€129 | -1.1% |
| Recurring financial charges | 65 | €11,374 | €11,245 | -€129 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €183,697 | €185,563 | +€1,865 | +1.0% |
| Income taxes | 67/77 | €74,797 | €47,300 | -€27,497 | -36.8% |
| Profit (loss) for the period | 9904 | €108,900 | €138,263 | +€29,363 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,900 | €138,263 | +€29,363 | +27.0% |
Source: filed annual accounts (NBB), fiscal 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.