keramis: 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.
keramis
Largest movements
- Tangible fixed assets -€8,754
down €8,754 (-4.6%), from €190,333 to €181,580
of which Land and buildings: -€5,280
- Financial fixed assets -€2,658
down €2,658 (-86.9%), from €3,058 to €400
- Current investments -€2,565
down €2,565 (-98.8%), from €2,595 to €31
- Debts after one year -€9,000
down €9,000 (-6.4%), from €141,045 to €132,044
- Current portion of long-term debt -€4,922
down €4,922 (-31.4%), from €15,676 to €10,754
- Tax, wage and social debts +€3,199
up €3,199 (+22.6%), from €14,166 to €17,365
of which Taxes: +€2,319
- Staff costs +€6,982
up €6,982 (+9.8%), from €70,967 to €77,949
- Gross operating margin +€6,744
up €6,744 (+6.5%), from €104,476 to €111,221
- Financial charges -€1,402
down €1,402 (-14.0%), from €10,041 to €8,638
of which Financial charges: -€1,202
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 | €232,189 | €220,103 | -€12,086 | -5.2% |
| Fixed assets | 21/28 | €193,391 | €181,980 | -€11,412 | -5.9% |
| Tangible fixed assets | 22/27 | €190,333 | €181,580 | -€8,754 | -4.6% |
| Land and buildings | 22 | €179,576 | €174,296 | -€5,280 | -2.9% |
| Plant, machinery and equipment | 23 | €1,325 | €711 | -€615 | -46.4% |
| Furniture and vehicles | 24 | €852 | €1,035 | +€183 | +21.5% |
| Other tangible fixed assets | 26 | €8,580 | €5,538 | -€3,042 | -35.5% |
| Financial fixed assets | 28 | €3,058 | €400 | -€2,658 | -86.9% |
| Current assets | 29/58 | €38,797 | €38,123 | -€675 | -1.7% |
| Stocks and contracts in progress | 3 | €4,519 | €3,386 | -€1,134 | -25.1% |
| Stocks | 30/36 | €4,519 | €3,386 | -€1,134 | -25.1% |
| Amounts receivable within one year | 40/41 | €21,849 | €23,408 | +€1,559 | +7.1% |
| Other amounts receivable | 41 | €21,849 | €23,408 | +€1,559 | +7.1% |
| Current investments | 50/53 | €2,595 | €31 | -€2,565 | -98.8% |
| Cash at bank and in hand | 54/58 | €9,645 | €11,050 | +€1,404 | +14.6% |
| Deferred charges and accrued income | 490/1 | €188 | €249 | +€61 | +32.2% |
| Total equity and liabilities | 10/49 | €232,189 | €220,103 | -€12,086 | -5.2% |
| Equity | 10/15 | €57,613 | €57,498 | -€115 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,013 | €38,898 | -€115 | -0.3% |
| Distributable reserves | 133 | €39,013 | €38,898 | -€115 | -0.3% |
| Amounts payable | 17/49 | €174,576 | €162,605 | -€11,971 | -6.9% |
| Amounts payable after more than one year | 17 | €141,045 | €132,044 | -€9,000 | -6.4% |
| Financial debts | 170/4 | €141,045 | €132,044 | -€9,000 | -6.4% |
| Amounts payable within one year | 42/48 | €33,531 | €30,561 | -€2,971 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €15,676 | €10,754 | -€4,922 | -31.4% |
| Trade debts | 44 | €3,689 | €2,442 | -€1,247 | -33.8% |
| Suppliers | 440/4 | €3,689 | €2,442 | -€1,247 | -33.8% |
| Taxes, remuneration and social security | 45 | €14,166 | €17,365 | +€3,199 | +22.6% |
| Taxes | 450/3 | €7,264 | €9,583 | +€2,319 | +31.9% |
| Remuneration and social security | 454/9 | €6,901 | €7,781 | +€880 | +12.7% |
| Non-recurring operating income | 76A | €155 | €14 | -€141 | -90.9% |
| Remuneration, social security and pensions | 62 | €70,967 | €77,949 | +€6,982 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,427 | €9,604 | +€177 | +1.9% |
| Other operating charges | 640/8 | €3,499 | €3,632 | +€132 | +3.8% |
| Non-recurring operating charges | 66A | €182 | €110 | -€72 | -39.7% |
| Gross operating margin | 9900 | €104,476 | €111,221 | +€6,744 | +6.5% |
| Operating profit (loss) | 9901 | €20,401 | €19,927 | -€474 | -2.3% |
| Financial income | 75/76B | €45 | €50 | +€6 | +12.9% |
| Recurring financial income | 75 | €45 | €50 | +€6 | +12.9% |
| Financial charges | 65/66B | €10,041 | €8,638 | -€1,402 | -14.0% |
| Recurring financial charges | 65 | €9,690 | €8,489 | -€1,202 | -12.4% |
| Non-recurring financial charges | 66B | €350 | €149 | -€201 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | €10,405 | €11,339 | +€934 | +9.0% |
| Income taxes | 67/77 | €3,916 | €4,454 | +€538 | +13.7% |
| Profit (loss) for the period | 9904 | €6,489 | €6,885 | +€396 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,489 | €6,885 | +€396 | +6.1% |
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 19 October 2026 via checked.be.