Kerckerlyc: 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.
Kerckerlyc
Largest movements
- Tangible fixed assets -€34,450
down €34,450 (-4.4%), from €784,516 to €750,066
- Receivables within one year +€27,795
up €27,795 (+16.5%), from €168,399 to €196,194
- Cash -€21,749
down €21,749 (-63.3%), from €34,334 to €12,585
mainly Debts after one year (-€100,000) and Receivables within one year (-€27,795)
- Debts after one year -€100,000
down €100,000 (-12.5%), from €800,000 to €700,000
- Reserves +€57,224
up €57,224 (+82.0%), from €69,799 to €127,023
- Tax, wage and social debts +€13,801
up €13,801 (+79.1%), from €17,450 to €31,251
- Gross operating margin -€34,902
down €34,902 (-15.7%), from €221,880 to €186,978
- Depreciation -€14,969
down €14,969 (-30.3%), from €49,419 to €34,450
- Financial charges -€7,999
down €7,999 (-10.0%), from €80,044 to €72,045
- Taxes -€2,639
down €2,639 (-15.6%), from €16,945 to €14,306
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 | €987,249 | €962,638 | -€24,611 | -2.5% |
| Fixed assets | 21/28 | €784,516 | €750,066 | -€34,450 | -4.4% |
| Tangible fixed assets | 22/27 | €784,516 | €750,066 | -€34,450 | -4.4% |
| Land and buildings | 22 | €784,516 | €750,066 | -€34,450 | -4.4% |
| Current assets | 29/58 | €202,733 | €212,572 | +€9,839 | +4.9% |
| Amounts receivable within one year | 40/41 | €168,399 | €196,194 | +€27,795 | +16.5% |
| Other amounts receivable | 41 | €168,399 | €196,194 | +€27,795 | +16.5% |
| Cash at bank and in hand | 54/58 | €34,334 | €12,585 | -€21,749 | -63.3% |
| Deferred charges and accrued income | 490/1 | - | €3,793 | +€3,793 | |
| Total equity and liabilities | 10/49 | €987,249 | €962,638 | -€24,611 | -2.5% |
| Equity | 10/15 | €69,799 | €127,023 | +€57,224 | +82.0% |
| Reserves | 13 | €69,799 | €127,023 | +€57,224 | +82.0% |
| Distributable reserves | 133 | €69,799 | €127,023 | +€57,224 | +82.0% |
| Amounts payable | 17/49 | €917,450 | €835,615 | -€81,834 | -8.9% |
| Amounts payable after more than one year | 17 | €800,000 | €700,000 | -€100,000 | -12.5% |
| Financial debts | 170/4 | €800,000 | €700,000 | -€100,000 | -12.5% |
| Amounts payable within one year | 42/48 | €117,450 | €135,615 | +€18,166 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | - | €4,364 | +€4,364 | |
| Suppliers | 440/4 | - | €4,364 | +€4,364 | |
| Taxes, remuneration and social security | 45 | €17,450 | €31,251 | +€13,801 | +79.1% |
| Taxes | 450/3 | €17,450 | €31,251 | +€13,801 | +79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,419 | €34,450 | -€14,969 | -30.3% |
| Other operating charges | 640/8 | €7,692 | €8,953 | +€1,262 | +16.4% |
| Gross operating margin | 9900 | €221,880 | €186,978 | -€34,902 | -15.7% |
| Operating profit (loss) | 9901 | €164,769 | €143,574 | -€21,195 | -12.9% |
| Financial charges | 65/66B | €80,044 | €72,045 | -€7,999 | -10.0% |
| Recurring financial charges | 65 | €80,044 | €72,045 | -€7,999 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €84,726 | €71,529 | -€13,196 | -15.6% |
| Income taxes | 67/77 | €16,945 | €14,306 | -€2,639 | -15.6% |
| Profit (loss) for the period | 9904 | €67,781 | €57,224 | -€10,557 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,781 | €57,224 | -€10,557 | -15.6% |
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 2 October 2026 via checked.be.