KERBEROS Services: 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.
KERBEROS Services
Largest movements
- Current investments +€197,342
new in 2025: €197,342
- Cash -€132,799
down €132,799 (-58.3%), from €227,754 to €94,955
mainly Current investments (-€197,342) and Contributions, distributions and other (-€99,249)
- Tangible fixed assets -€29,157
down €29,157 (-32.7%), from €89,229 to €60,072
of which Furniture and vehicles: -€23,582
- Receivables within one year +€12,723
up €12,723 (+66.4%), from €19,166 to €31,890
- Other debts +€93,185
up €93,185 (+1,311%), from €7,106 to €100,292
- Reserves -€55,815
down €55,815 (-18.2%), from €306,407 to €250,592
- Accrued charges and deferred income +€7,095
new in 2025: €7,095
- Gross operating margin +€8,936
up €8,936 (+11.0%), from €81,191 to €90,127
- Taxes +€2,417
up €2,417 (+16.6%), from €14,583 to €17,001
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 | €338,750 | €386,556 | +€47,806 | +14.1% |
| Fixed assets | 21/28 | €89,229 | €60,072 | -€29,157 | -32.7% |
| Tangible fixed assets | 22/27 | €89,229 | €60,072 | -€29,157 | -32.7% |
| Land and buildings | 22 | €43,857 | €38,857 | -€5,000 | -11.4% |
| Plant, machinery and equipment | 23 | €2,127 | €1,553 | -€574 | -27.0% |
| Furniture and vehicles | 24 | €43,244 | €19,662 | -€23,582 | -54.5% |
| Current assets | 29/58 | €249,522 | €326,484 | +€76,963 | +30.8% |
| Amounts receivable within one year | 40/41 | €19,166 | €31,890 | +€12,723 | +66.4% |
| Trade receivables | 40 | €19,166 | €31,890 | +€12,723 | +66.4% |
| Current investments | 50/53 | - | €197,342 | +€197,342 | |
| Cash at bank and in hand | 54/58 | €227,754 | €94,955 | -€132,799 | -58.3% |
| Deferred charges and accrued income | 490/1 | €2,601 | €2,298 | -€303 | -11.7% |
| Total equity and liabilities | 10/49 | €338,750 | €386,556 | +€47,806 | +14.1% |
| Equity | 10/15 | €318,807 | €262,992 | -€55,815 | -17.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €306,407 | €250,592 | -€55,815 | -18.2% |
| Distributable reserves | 133 | €306,407 | €250,592 | -€55,815 | -18.2% |
| Amounts payable | 17/49 | €19,943 | €123,564 | +€103,621 | +520% |
| Amounts payable within one year | 42/48 | €19,943 | €116,469 | +€96,526 | +484% |
| Financial debts | 43 | - | €513 | +€513 | |
| Credit institutions | 430/8 | - | €513 | +€513 | |
| Trade debts | 44 | - | €504 | +€504 | |
| Suppliers | 440/4 | - | €504 | +€504 | |
| Taxes, remuneration and social security | 45 | €12,837 | €15,160 | +€2,323 | +18.1% |
| Taxes | 450/3 | €12,837 | €15,160 | +€2,323 | +18.1% |
| Other amounts payable | 47/48 | €7,106 | €100,292 | +€93,185 | +1,311% |
| Accrued charges and deferred income | 492/3 | - | €7,095 | +€7,095 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,709 | €29,157 | -€552 | -1.9% |
| Other operating charges | 640/8 | €821 | €1,302 | +€481 | +58.5% |
| Gross operating margin | 9900 | €81,191 | €90,127 | +€8,936 | +11.0% |
| Operating profit (loss) | 9901 | €50,661 | €59,668 | +€9,007 | +17.8% |
| Financial income | 75/76B | €1,027 | €946 | -€81 | -7.9% |
| Recurring financial income | 75 | €1,027 | €946 | -€81 | -7.9% |
| Financial charges | 65/66B | €114 | €179 | +€65 | +57.4% |
| Recurring financial charges | 65 | €114 | €179 | +€65 | +57.4% |
| Profit (loss) for the period before taxes | 9903 | €51,574 | €60,435 | +€8,861 | +17.2% |
| Income taxes | 67/77 | €14,583 | €17,001 | +€2,417 | +16.6% |
| Profit (loss) for the period | 9904 | €36,991 | €43,435 | +€6,444 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,991 | €43,435 | +€6,444 | +17.4% |
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 29 October 2026 via checked.be.