Keravic: 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.
Keravic
Largest movements
- Current investments -€145,000
down €145,000 (-100.0%), from €145,000 to €0
- Tangible fixed assets +€134,011
up €134,011 (+49.6%), from €270,099 to €404,109
of which Land and buildings: +€133,938
- Cash +€55,500
up €55,500 (+1485.0%), from €3,737 to €59,238
mainly Current investments (+€145,000) and Other debts (+€13,108)
- Other debts +€13,108
up €13,108 (+5.5%), from €238,754 to €251,862
- Tax, wage and social debts +€11,178
up €11,178 (+225.1%), from €4,965 to €16,143
of which Taxes: +€7,611
- Reserves +€10,791
up €10,791 (+7877.2%), from €137 to €10,928
- Trade debts +€6,379
up €6,379 (+141.5%), from €4,509 to €10,888
- Staff costs +€21,915
up €21,915 (+69.1%), from €31,736 to €53,650
- Gross operating margin +€8,339
up €8,339 (+7.9%), from €105,619 to €113,957
- Depreciation +€6,797
up €6,797 (+109.7%), from €6,198 to €12,996
- Taxes -€5,341
down €5,341 (-43.6%), from €12,243 to €6,902
- Other operating charges +€4,821
up €4,821 (+69.8%), from €6,911 to €11,731
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 | €433,673 | €476,821 | +€43,149 | +9.9% |
| Fixed assets | 21/28 | €270,349 | €404,109 | +€133,761 | +49.5% |
| Tangible fixed assets | 22/27 | €270,099 | €404,109 | +€134,011 | +49.6% |
| Land and buildings | 22 | €259,526 | €393,464 | +€133,938 | +51.6% |
| Plant, machinery and equipment | 23 | €9,654 | €8,831 | -€823 | -8.5% |
| Furniture and vehicles | 24 | €919 | €1,815 | +€896 | +97.4% |
| Financial fixed assets | 28 | €250 | €0 | -€250 | -100.0% |
| Current assets | 29/58 | €163,324 | €72,712 | -€90,612 | -55.5% |
| Amounts receivable within one year | 40/41 | €13,745 | €10,479 | -€3,266 | -23.8% |
| Trade receivables | 40 | €10,266 | €5,611 | -€4,656 | -45.3% |
| Other amounts receivable | 41 | €3,478 | €4,868 | +€1,390 | +40.0% |
| Current investments | 50/53 | €145,000 | €0 | -€145,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,737 | €59,238 | +€55,500 | +1485.0% |
| Deferred charges and accrued income | 490/1 | €842 | €2,996 | +€2,154 | +255.8% |
| Total equity and liabilities | 10/49 | €433,673 | €476,821 | +€43,149 | +9.9% |
| Equity | 10/15 | €185,445 | €197,928 | +€12,483 | +6.7% |
| Contributions | 10/11 | €187,000 | €187,000 | = | 0.0% |
| Reserves | 13 | €137 | €10,928 | +€10,791 | +7877.2% |
| Distributable reserves | 133 | €137 | €10,928 | +€10,791 | +7877.2% |
| Profit (loss) carried forward | 14 | -€1,692 | €0 | +€1,692 | |
| Amounts payable | 17/49 | €248,228 | €278,893 | +€30,666 | +12.4% |
| Amounts payable within one year | 42/48 | €248,228 | €278,893 | +€30,666 | +12.4% |
| Trade debts | 44 | €4,509 | €10,888 | +€6,379 | +141.5% |
| Suppliers | 440/4 | €4,509 | €10,888 | +€6,379 | +141.5% |
| Taxes, remuneration and social security | 45 | €4,965 | €16,143 | +€11,178 | +225.1% |
| Taxes | 450/3 | €1,215 | €8,826 | +€7,611 | +626.4% |
| Remuneration and social security | 454/9 | €3,750 | €7,317 | +€3,567 | +95.1% |
| Other amounts payable | 47/48 | €238,754 | €251,862 | +€13,108 | +5.5% |
| Remuneration, social security and pensions | 62 | €31,736 | €53,650 | +€21,915 | +69.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,198 | €12,996 | +€6,797 | +109.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,911 | €11,731 | +€4,821 | +69.8% |
| Gross operating margin | 9900 | €105,619 | €113,957 | +€8,339 | +7.9% |
| Operating profit (loss) | 9901 | €60,774 | €35,580 | -€25,194 | -41.5% |
| Financial income | 75/76B | €3,075 | €230 | -€2,845 | -92.5% |
| Recurring financial income | 75 | €3,075 | €230 | -€2,845 | -92.5% |
| Financial charges | 65/66B | €17,906 | €16,426 | -€1,481 | -8.3% |
| Recurring financial charges | 65 | €17,906 | €16,426 | -€1,481 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €45,943 | €19,385 | -€26,558 | -57.8% |
| Income taxes | 67/77 | €12,243 | €6,902 | -€5,341 | -43.6% |
| Profit (loss) for the period | 9904 | €33,700 | €12,483 | -€21,217 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,700 | €12,483 | -€21,217 | -63.0% |
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 7 October 2026 via checked.be.