KERCKAERT: 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.
KERCKAERT
Largest movements
- Receivables within one year +€3,643
up €3,643 (+30.7%), from €11,848 to €15,491
of which Other amounts receivable: +€4,255
- Tangible fixed assets -€3,126
down €3,126 (-11.7%), from €26,727 to €23,601
of which Land and buildings: -€2,448
- Cash -€868
down €868 (-52.8%), from €1,644 to €776
mainly Receivables within one year (-€3,643) and Net result for the year (-€351)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€1,268
down €1,268 (-24.9%), from €5,098 to €3,830
- Depreciation -€207
down €207 (-6.2%), from €3,332 to €3,126
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 | €40,219 | €39,868 | -€351 | -0.9% |
| Fixed assets | 21/28 | €26,727 | €23,601 | -€3,126 | -11.7% |
| Tangible fixed assets | 22/27 | €26,727 | €23,601 | -€3,126 | -11.7% |
| Land and buildings | 22 | €25,060 | €22,612 | -€2,448 | -9.8% |
| Furniture and vehicles | 24 | €1,667 | €990 | -€678 | -40.7% |
| Current assets | 29/58 | €13,492 | €16,267 | +€2,775 | +20.6% |
| Amounts receivable within one year | 40/41 | €11,848 | €15,491 | +€3,643 | +30.7% |
| Trade receivables | 40 | €11,068 | €10,455 | -€613 | -5.5% |
| Other amounts receivable | 41 | €780 | €5,035 | +€4,255 | +545.5% |
| Cash at bank and in hand | 54/58 | €1,644 | €776 | -€868 | -52.8% |
| Total equity and liabilities | 10/49 | €40,219 | €39,868 | -€351 | -0.9% |
| Equity | 10/15 | €40,219 | €39,868 | -€351 | -0.9% |
| Contributions | 10/11 | €17,075 | €17,075 | = | 0.0% |
| Reserves | 13 | €4,896 | €4,896 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €3,037 | €3,037 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,248 | €17,897 | -€351 | -1.9% |
| Amounts payable | 17/49 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,332 | €3,126 | -€207 | -6.2% |
| Other operating charges | 640/8 | €1,024 | €1,055 | +€31 | +3.1% |
| Gross operating margin | 9900 | €5,098 | €3,830 | -€1,268 | -24.9% |
| Operating profit (loss) | 9901 | €742 | -€351 | -€1,093 | |
| Profit (loss) for the period before taxes | 9903 | €742 | -€351 | -€1,093 | |
| Profit (loss) for the period | 9904 | €742 | -€351 | -€1,093 | |
| Profit (loss) for the period to be appropriated | 9905 | €742 | -€351 | -€1,093 |
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 6 October 2026 via checked.be.