Kerbnoord: 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.
Kerbnoord
Largest movements
- Cash +€26,481
up €26,481 (+27.5%), from €96,424 to €122,905
mainly Depreciation (+€14,161) and Net result for the year (+€7,681)
- Tangible fixed assets -€14,161
down €14,161 (-2.0%), from €711,041 to €696,880
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,604
up €1,604 (+5.0%), from €31,819 to €33,424
- Taxes +€684
up €684 (+32.8%), from €2,087 to €2,772
- Other operating charges -€410
down €410 (-4.6%), from €8,883 to €8,473
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 | €811,176 | €822,014 | +€10,838 | +1.3% |
| Fixed assets | 21/28 | €711,041 | €696,880 | -€14,161 | -2.0% |
| Tangible fixed assets | 22/27 | €711,041 | €696,880 | -€14,161 | -2.0% |
| Land and buildings | 22 | €711,041 | €696,880 | -€14,161 | -2.0% |
| Current assets | 29/58 | €100,135 | €125,134 | +€24,999 | +25.0% |
| Amounts receivable within one year | 40/41 | €3,711 | €2,229 | -€1,481 | -39.9% |
| Trade receivables | 40 | €1,134 | €0 | -€1,134 | -100% |
| Other amounts receivable | 41 | €2,577 | €2,229 | -€347 | -13.5% |
| Cash at bank and in hand | 54/58 | €96,424 | €122,905 | +€26,481 | +27.5% |
| Total equity and liabilities | 10/49 | €811,176 | €822,014 | +€10,838 | +1.3% |
| Equity | 10/15 | €811,003 | €818,683 | +€7,681 | +0.9% |
| Contributions | 10/11 | €490,000 | €490,000 | = | 0.0% |
| Capital | 10 | €490,000 | €490,000 | = | 0.0% |
| Issued capital | 100 | €490,000 | €490,000 | = | 0.0% |
| Reserves | 13 | €321,003 | €328,683 | +€7,681 | +2.4% |
| Non-distributable reserves | 130/1 | €104,200 | €104,200 | = | 0.0% |
| Legal reserve | 130 | €104,200 | €104,200 | = | 0.0% |
| Distributable reserves | 133 | €216,803 | €224,483 | +€7,681 | +3.5% |
| Amounts payable | 17/49 | €173 | €3,331 | +€3,157 | +1,822% |
| Amounts payable within one year | 42/48 | €173 | €3,331 | +€3,157 | +1,822% |
| Trade debts | 44 | €173 | €559 | +€386 | +222% |
| Suppliers | 440/4 | €173 | €559 | +€386 | +222% |
| Taxes, remuneration and social security | 45 | - | €2,772 | +€2,772 | |
| Taxes | 450/3 | - | €2,772 | +€2,772 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,161 | €14,161 | = | 0.0% |
| Other operating charges | 640/8 | €8,883 | €8,473 | -€410 | -4.6% |
| Gross operating margin | 9900 | €31,819 | €33,424 | +€1,604 | +5.0% |
| Operating profit (loss) | 9901 | €8,774 | €10,789 | +€2,015 | +23.0% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €429 | €337 | -€93 | -21.6% |
| Recurring financial charges | 65 | €429 | €337 | -€93 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €8,350 | €10,452 | +€2,103 | +25.2% |
| Income taxes | 67/77 | €2,087 | €2,772 | +€684 | +32.8% |
| Profit (loss) for the period | 9904 | €6,262 | €7,681 | +€1,418 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,262 | €7,681 | +€1,418 | +22.7% |
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 22 October 2026 via checked.be.