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
- Stocks and contracts -€256,506
no longer reported in 2022 (was €256,506)
- Cash +€243,864
up €243,864 (+2105.3%), from €11,583 to €255,447
mainly Stocks and contracts (+€256,506) and Receivables within one year (+€166,141)
- Receivables within one year -€166,141
down €166,141 (-22.7%), from €732,002 to €565,861
of which Other amounts receivable: -€168,168
- Tangible fixed assets +€113,735
new in 2022: €113,735
of which Land and buildings: +€104,582
- Current portion of long-term debt -€170,000
no longer reported in 2022 (was €170,000)
- Reserves +€52,738
up €52,738 (+193.1%), from €27,317 to €80,054
of which Distributable reserves: +€72,738
- Tax, wage and social debts +€29,287
new in 2022: €29,287
- Contributions +€20,000
up €20,000 (+10.0%), from €200,000 to €220,000
- Gross operating margin +€120,883
up €120,883, from -€6,228 to €114,655
- Taxes +€29,287
new in 2022: €29,287
- Depreciation +€9,415
new in 2022: €9,415
- Financial charges -€2,358
down €2,358 (-56.7%), from €4,160 to €1,803
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,045,341 | €980,293 | -€65,048 | -6.2% |
| Fixed assets | 21/28 | €45,000 | €158,735 | +€113,735 | +252.7% |
| Tangible fixed assets | 22/27 | - | €113,735 | +€113,735 | |
| Land and buildings | 22 | - | €104,582 | +€104,582 | |
| Furniture and vehicles | 24 | - | €9,153 | +€9,153 | |
| Financial fixed assets | 28 | €45,000 | €45,000 | = | 0.0% |
| Current assets | 29/58 | €1,000,341 | €821,558 | -€178,783 | -17.9% |
| Stocks and contracts in progress | 3 | €256,506 | - | -€256,506 | |
| Stocks | 30/36 | €256,506 | - | -€256,506 | |
| Amounts receivable within one year | 40/41 | €732,002 | €565,861 | -€166,141 | -22.7% |
| Trade receivables | 40 | - | €2,027 | +€2,027 | |
| Other amounts receivable | 41 | €732,002 | €563,834 | -€168,168 | -23.0% |
| Cash at bank and in hand | 54/58 | €11,583 | €255,447 | +€243,864 | +2105.3% |
| Deferred charges and accrued income | 490/1 | €249 | €249 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,045,341 | €980,293 | -€65,048 | -6.2% |
| Equity | 10/15 | €391,323 | €464,061 | +€72,738 | +18.6% |
| Contributions | 10/11 | €200,000 | €220,000 | +€20,000 | +10.0% |
| Capital | 10 | €200,000 | - | -€200,000 | |
| Issued capital | 100 | €200,000 | - | -€200,000 | |
| Reserves | 13 | €27,317 | €80,054 | +€52,738 | +193.1% |
| Non-distributable reserves | 130/1 | €20,000 | - | -€20,000 | |
| Legal reserve | 130 | €20,000 | - | -€20,000 | |
| Distributable reserves | 133 | €7,317 | €80,054 | +€72,738 | +994.1% |
| Profit (loss) carried forward | 14 | €164,006 | €164,006 | = | 0.0% |
| Amounts payable | 17/49 | €654,018 | €516,232 | -€137,786 | -21.1% |
| Amounts payable within one year | 42/48 | €654,018 | €516,232 | -€137,786 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €170,000 | - | -€170,000 | |
| Trade debts | 44 | €327,210 | €327,945 | +€735 | +0.2% |
| Suppliers | 440/4 | €327,210 | €327,945 | +€735 | +0.2% |
| Taxes, remuneration and social security | 45 | - | €29,287 | +€29,287 | |
| Taxes | 450/3 | - | €29,287 | +€29,287 | |
| Other amounts payable | 47/48 | €156,808 | €159,000 | +€2,193 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,415 | +€9,415 | |
| Other operating charges | 640/8 | €1,614 | €1,412 | -€202 | -12.5% |
| Gross operating margin | 9900 | -€6,228 | €114,655 | +€120,883 | |
| Operating profit (loss) | 9901 | -€7,842 | €103,827 | +€111,670 | |
| Financial charges | 65/66B | €4,160 | €1,803 | -€2,358 | -56.7% |
| Recurring financial charges | 65 | €4,160 | €1,803 | -€2,358 | -56.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,003 | €102,025 | +€114,027 | |
| Income taxes | 67/77 | - | €29,287 | +€29,287 | |
| Profit (loss) for the period | 9904 | -€12,003 | €72,738 | +€84,740 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,003 | €72,738 | +€84,740 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.