KERALIMMO: 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.
KERALIMMO
Largest movements
- Tangible fixed assets -€77,542
down €77,542 (-4.7%), from €1.7m to €1.6m
- Cash -€39,661
no longer reported in 2025 (was €39,661)
mainly Debts after one year (-€109,512) and Current investments (-€28,910)
- Current investments +€28,910
new in 2025: €28,910
- Debts after one year -€109,512
down €109,512 (-11.4%), from €960,787 to €851,275
- Profit (loss) carried forward +€39,415
up €39,415 (+20.8%), from €189,428 to €228,843
- Gross operating margin -€50,844
down €50,844 (-23.9%), from €213,123 to €162,279
- Other operating charges -€20,450
down €20,450 (-82.3%), from €24,838 to €4,388
- Taxes -€6,208
down €6,208 (-31.6%), from €19,624 to €13,415
- Financial charges -€4,043
down €4,043 (-12.7%), from €31,786 to €27,743
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 | €1,702,768 | €1,626,295 | -€76,473 | -4.5% |
| Fixed assets | 21/28 | €1,653,839 | €1,576,298 | -€77,542 | -4.7% |
| Tangible fixed assets | 22/27 | €1,653,839 | €1,576,298 | -€77,542 | -4.7% |
| Land and buildings | 22 | €1,653,839 | €1,576,298 | -€77,542 | -4.7% |
| Current assets | 29/58 | €48,929 | €49,998 | +€1,069 | +2.2% |
| Amounts receivable within one year | 40/41 | €5,768 | €14,665 | +€8,897 | +154% |
| Trade receivables | 40 | €5,768 | €0 | -€5,768 | -100% |
| Other amounts receivable | 41 | €0 | €14,665 | +€14,665 | |
| Current investments | 50/53 | - | €28,910 | +€28,910 | |
| Cash at bank and in hand | 54/58 | €39,661 | - | -€39,661 | |
| Deferred charges and accrued income | 490/1 | €3,500 | €6,423 | +€2,923 | +83.5% |
| Total equity and liabilities | 10/49 | €1,702,768 | €1,626,295 | -€76,473 | -4.5% |
| Equity | 10/15 | €216,364 | €255,779 | +€39,415 | +18.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €6,936 | €6,936 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,936 | €4,936 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €189,428 | €228,843 | +€39,415 | +20.8% |
| Amounts payable | 17/49 | €1,486,405 | €1,370,516 | -€115,888 | -7.8% |
| Amounts payable after more than one year | 17 | €960,787 | €851,275 | -€109,512 | -11.4% |
| Financial debts | 170/4 | €960,787 | €851,275 | -€109,512 | -11.4% |
| Amounts payable within one year | 42/48 | €517,943 | €511,757 | -€6,186 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €118,488 | €113,284 | -€5,204 | -4.4% |
| Trade debts | 44 | €1,927 | €6,787 | +€4,860 | +252% |
| Suppliers | 440/4 | €1,927 | €6,787 | +€4,860 | +252% |
| Taxes, remuneration and social security | 45 | €4,584 | €0 | -€4,584 | -100% |
| Taxes | 450/3 | €4,584 | €0 | -€4,584 | -100% |
| Other amounts payable | 47/48 | €392,944 | €391,686 | -€1,258 | -0.3% |
| Accrued charges and deferred income | 492/3 | €7,675 | €7,484 | -€191 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,597 | €77,542 | -€1,055 | -1.3% |
| Other operating charges | 640/8 | €24,838 | €4,388 | -€20,450 | -82.3% |
| Gross operating margin | 9900 | €213,123 | €162,279 | -€50,844 | -23.9% |
| Operating profit (loss) | 9901 | €109,688 | €80,349 | -€29,339 | -26.7% |
| Financial income | 75/76B | €242 | €225 | -€17 | -7.0% |
| Recurring financial income | 75 | €242 | €225 | -€17 | -7.0% |
| Financial charges | 65/66B | €31,786 | €27,743 | -€4,043 | -12.7% |
| Recurring financial charges | 65 | €31,786 | €27,743 | -€4,043 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €78,144 | €52,831 | -€25,313 | -32.4% |
| Income taxes | 67/77 | €19,624 | €13,415 | -€6,208 | -31.6% |
| Profit (loss) for the period | 9904 | €58,520 | €39,415 | -€19,105 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,520 | €39,415 | -€19,105 | -32.6% |
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.