KERATY: 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.
KERATY
Largest movements
- Receivables within one year -€54,222
down €54,222 (-54.0%), from €100,467 to €46,244
of which Trade receivables: -€54,753
- Cash +€3,743
up €3,743 (+1,868%), from €200 to €3,943
mainly Receivables within one year (+€54,222) and Other debts (+€2,575)
- Profit (loss) carried forward -€23,825
down €23,825 (-271%), from -€8,796 to -€32,621
- Trade debts -€18,647
down €18,647 (-14.5%), from €128,708 to €110,060
- Tax, wage and social debts -€9,700
no longer reported in 2025 (was €9,700)
of which Taxes: -€8,009
- Other debts +€2,575
up €2,575 (+4.3%), from €60,173 to €62,748
- Staff costs +€18,025
up €18,025 (+372%), from €4,841 to €22,866
- Gross operating margin -€10,959
down €10,959, from €10,757 to -€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 | €209,783 | €160,187 | -€49,596 | -23.6% |
| Current assets | 29/58 | €209,783 | €160,187 | -€49,596 | -23.6% |
| Stocks and contracts in progress | 3 | €109,117 | €110,000 | +€883 | +0.8% |
| Stocks | 30/36 | €109,117 | €110,000 | +€883 | +0.8% |
| Amounts receivable within one year | 40/41 | €100,467 | €46,244 | -€54,222 | -54.0% |
| Trade receivables | 40 | €100,467 | €45,714 | -€54,753 | -54.5% |
| Other amounts receivable | 41 | - | €530 | +€530 | |
| Cash at bank and in hand | 54/58 | €200 | €3,943 | +€3,743 | +1,868% |
| Total equity and liabilities | 10/49 | €209,783 | €160,187 | -€49,596 | -23.6% |
| Equity | 10/15 | €11,204 | -€12,621 | -€23,825 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,796 | -€32,621 | -€23,825 | -271% |
| Amounts payable | 17/49 | €198,580 | €172,808 | -€25,772 | -13.0% |
| Amounts payable within one year | 42/48 | €198,580 | €172,808 | -€25,772 | -13.0% |
| Trade debts | 44 | €128,708 | €110,060 | -€18,647 | -14.5% |
| Suppliers | 440/4 | €128,708 | €110,060 | -€18,647 | -14.5% |
| Taxes, remuneration and social security | 45 | €9,700 | - | -€9,700 | |
| Taxes | 450/3 | €8,009 | - | -€8,009 | |
| Remuneration and social security | 454/9 | €1,690 | - | -€1,690 | |
| Other amounts payable | 47/48 | €60,173 | €62,748 | +€2,575 | +4.3% |
| Remuneration, social security and pensions | 62 | €4,841 | €22,866 | +€18,025 | +372% |
| Other operating charges | 640/8 | €487 | €500 | +€12 | +2.5% |
| Gross operating margin | 9900 | €10,757 | -€202 | -€10,959 | |
| Operating profit (loss) | 9901 | €5,428 | -€23,568 | -€28,997 | |
| Financial charges | 65/66B | €205 | €256 | +€52 | +25.4% |
| Recurring financial charges | 65 | €205 | €256 | +€52 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €5,224 | -€23,825 | -€29,048 | |
| Profit (loss) for the period | 9904 | €5,224 | -€23,825 | -€29,048 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,224 | -€23,825 | -€29,048 |
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 14 October 2026 via checked.be.