KERAM: 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.
KERAM
Largest movements
- Cash +€126,101
up €126,101 (+1800.3%), from €7,005 to €133,106
mainly Current investments (+€125,000) and Net result for the year (+€1,325)
- Current investments -€125,000
no longer reported in 2026 (was €125,000)
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€4,098
up €4,098 (+29738.2%), from €14 to €4,112
- Gross operating margin +€3,135
up €3,135 (+70.2%), from -€4,464 to -€1,329
- Taxes +€1,220
new in 2026: €1,220
- Depreciation +€79
up €79 (+106.1%), from €74 to €153
- Financial charges -€73
down €73 (-46.5%), from €158 to €84
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,319 | €152,121 | +€802 | +0.5% |
| Fixed assets | 21/28 | €254 | €101 | -€153 | -60.3% |
| Tangible fixed assets | 22/27 | €254 | €101 | -€153 | -60.3% |
| Plant, machinery and equipment | 23 | €234 | €91 | -€143 | -61.1% |
| Furniture and vehicles | 24 | €20 | €10 | -€10 | -50.2% |
| Current assets | 29/58 | €151,065 | €152,020 | +€955 | +0.6% |
| Amounts receivable within one year | 40/41 | €19,061 | €18,914 | -€147 | -0.8% |
| Trade receivables | 40 | €3,914 | €3,914 | = | 0.0% |
| Other amounts receivable | 41 | €15,147 | €15,000 | -€147 | -1.0% |
| Current investments | 50/53 | €125,000 | - | -€125,000 | |
| Cash at bank and in hand | 54/58 | €7,005 | €133,106 | +€126,101 | +1800.3% |
| Total equity and liabilities | 10/49 | €151,319 | €152,121 | +€802 | +0.5% |
| Equity | 10/15 | €130,706 | €132,031 | +€1,325 | +1.0% |
| Contributions | 10/11 | €155,100 | €155,100 | = | 0.0% |
| Reserves | 13 | €51,775 | €51,775 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,510 | €15,510 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,510 | €15,510 | = | 0.0% |
| Distributable reserves | 133 | €36,265 | €36,265 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,169 | -€74,844 | +€1,325 | +1.7% |
| Amounts payable | 17/49 | €20,613 | €20,090 | -€524 | -2.5% |
| Amounts payable within one year | 42/48 | €20,613 | €20,090 | -€524 | -2.5% |
| Trade debts | 44 | - | €0 | = | |
| Suppliers | 440/4 | - | €0 | = | |
| Other amounts payable | 47/48 | €20,613 | €20,090 | -€524 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74 | €153 | +€79 | +106.1% |
| Gross operating margin | 9900 | -€4,464 | -€1,329 | +€3,135 | +70.2% |
| Operating profit (loss) | 9901 | -€4,539 | -€1,482 | +€3,056 | +67.3% |
| Financial income | 75/76B | €14 | €4,112 | +€4,098 | +29738.2% |
| Recurring financial income | 75 | €14 | €4,112 | +€4,098 | +29738.2% |
| Financial charges | 65/66B | €158 | €84 | -€73 | -46.5% |
| Recurring financial charges | 65 | €158 | €84 | -€73 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,682 | €2,545 | +€7,227 | |
| Income taxes | 67/77 | - | €1,220 | +€1,220 | |
| Profit (loss) for the period | 9904 | -€4,682 | €1,325 | +€6,008 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,682 | €1,325 | +€6,008 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.