Kerant: 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.
Kerant
Largest movements
- Deferred charges and accrued income +€54,444
up €54,444 (+142.7%), from €38,148 to €92,593
- Receivables within one year +€7,200
new in 2025: €7,200
- Reserves +€101,763
up €101,763 (+43.8%), from €232,402 to €334,164
of which Distributable reserves: +€101,763
- Other debts -€47,189
down €47,189 (-48.0%), from €98,271 to €51,082
- Gross operating margin +€110,942
up €110,942 (+2240.2%), from €4,952 to €115,895
- Financial charges +€3,050
up €3,050 (+149.8%), from €2,036 to €5,086
- Taxes +€2,800
new in 2025: €2,800
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 | €393,060 | €450,974 | +€57,914 | +14.7% |
| Fixed assets | 21/28 | €333,420 | €333,420 | = | 0.0% |
| Tangible fixed assets | 22/27 | €333,420 | €333,420 | = | 0.0% |
| Land and buildings | 22 | €185,920 | €185,920 | = | 0.0% |
| Other tangible fixed assets | 26 | €147,500 | €147,500 | = | 0.0% |
| Current assets | 29/58 | €59,640 | €117,554 | +€57,914 | +97.1% |
| Amounts receivable within one year | 40/41 | - | €7,200 | +€7,200 | |
| Other amounts receivable | 41 | - | €7,200 | +€7,200 | |
| Cash at bank and in hand | 54/58 | €21,492 | €17,761 | -€3,731 | -17.4% |
| Deferred charges and accrued income | 490/1 | €38,148 | €92,593 | +€54,444 | +142.7% |
| Total equity and liabilities | 10/49 | €393,060 | €450,974 | +€57,914 | +14.7% |
| Equity | 10/15 | €294,402 | €396,164 | +€101,763 | +34.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €232,402 | €334,164 | +€101,763 | +43.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €226,202 | €327,964 | +€101,763 | +45.0% |
| Amounts payable | 17/49 | €98,659 | €54,810 | -€43,849 | -44.4% |
| Amounts payable within one year | 42/48 | €98,659 | €51,193 | -€47,465 | -48.1% |
| Trade debts | 44 | €387 | €111 | -€276 | -71.3% |
| Suppliers | 440/4 | €387 | €111 | -€276 | -71.3% |
| Other amounts payable | 47/48 | €98,271 | €51,082 | -€47,189 | -48.0% |
| Accrued charges and deferred income | 492/3 | - | €3,617 | +€3,617 | |
| Other operating charges | 640/8 | €5,905 | €6,246 | +€341 | +5.8% |
| Gross operating margin | 9900 | €4,952 | €115,895 | +€110,942 | +2240.2% |
| Operating profit (loss) | 9901 | -€953 | €109,649 | +€110,602 | |
| Financial income | 75/76B | €1,036 | - | -€1,036 | |
| Recurring financial income | 75 | €1,036 | - | -€1,036 | |
| Financial charges | 65/66B | €2,036 | €5,086 | +€3,050 | +149.8% |
| Recurring financial charges | 65 | €2,036 | €5,086 | +€3,050 | +149.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,953 | €104,563 | +€106,516 | |
| Income taxes | 67/77 | - | €2,800 | +€2,800 | |
| Profit (loss) for the period | 9904 | -€1,953 | €101,763 | +€103,716 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,953 | €101,763 | +€103,716 |
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 4 October 2026 via checked.be.