KERENZO TRAILERS: 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.
KERENZO TRAILERS
Largest movements
- Receivables within one year +€245,720
up €245,720 (+686.8%), from €35,775 to €281,495
of which Other amounts receivable: +€251,262
- Tangible fixed assets +€152,013
up €152,013 (+8.7%), from €1.7m to €1.9m
of which Furniture and vehicles: +€171,237
- Cash -€117,392
down €117,392 (-63.0%), from €186,252 to €68,861
mainly Investment in fixed assets (net) (-€263,468) and Receivables within one year (-€245,720)
- Reserves +€269,243
up €269,243 (+29.0%), from €928,238 to €1.2m
- Other debts +€126,049
up €126,049 (+22.8%), from €552,196 to €678,245
- Tax, wage and social debts -€90,418
down €90,418 (-97.3%), from €92,918 to €2,500
- Gross operating margin -€189,670
down €189,670 (-27.0%), from €701,659 to €511,989
- Taxes -€53,648
down €53,648 (-39.6%), from €135,582 to €81,934
- Financial charges +€22,989
up €22,989 (+139.2%), from €16,518 to €39,507
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 | €1,966,798 | €2,241,643 | +€274,845 | +14.0% |
| Fixed assets | 21/28 | €1,737,966 | €1,889,979 | +€152,013 | +8.7% |
| Tangible fixed assets | 22/27 | €1,737,966 | €1,889,979 | +€152,013 | +8.7% |
| Land and buildings | 22 | €1,697,884 | €1,687,514 | -€10,370 | -0.6% |
| Plant, machinery and equipment | 23 | €36,525 | €27,672 | -€8,854 | -24.2% |
| Furniture and vehicles | 24 | €3,557 | €174,793 | +€171,237 | +4814.5% |
| Current assets | 29/58 | €228,832 | €351,664 | +€122,832 | +53.7% |
| Amounts receivable within one year | 40/41 | €35,775 | €281,495 | +€245,720 | +686.8% |
| Trade receivables | 40 | €21,358 | €15,816 | -€5,542 | -25.9% |
| Other amounts receivable | 41 | €14,418 | €265,680 | +€251,262 | +1742.7% |
| Cash at bank and in hand | 54/58 | €186,252 | €68,861 | -€117,392 | -63.0% |
| Deferred charges and accrued income | 490/1 | €6,804 | €1,307 | -€5,496 | -80.8% |
| Total equity and liabilities | 10/49 | €1,966,798 | €2,241,643 | +€274,845 | +14.0% |
| Equity | 10/15 | €946,838 | €1,216,081 | +€269,243 | +28.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €928,238 | €1,197,481 | +€269,243 | +29.0% |
| Distributable reserves | 133 | €928,238 | €1,197,481 | +€269,243 | +29.0% |
| Amounts payable | 17/49 | €1,019,959 | €1,025,562 | +€5,603 | +0.5% |
| Amounts payable after more than one year | 17 | €265,000 | €265,000 | = | 0.0% |
| Other amounts payable | 178/9 | €265,000 | €265,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €661,854 | €685,707 | +€23,853 | +3.6% |
| Trade debts | 44 | €16,741 | €4,962 | -€11,779 | -70.4% |
| Suppliers | 440/4 | €16,741 | €4,962 | -€11,779 | -70.4% |
| Taxes, remuneration and social security | 45 | €92,918 | €2,500 | -€90,418 | -97.3% |
| Taxes | 450/3 | €92,918 | €2,500 | -€90,418 | -97.3% |
| Other amounts payable | 47/48 | €552,196 | €678,245 | +€126,049 | +22.8% |
| Accrued charges and deferred income | 492/3 | €93,105 | €74,855 | -€18,250 | -19.6% |
| Remuneration, social security and pensions | 62 | €2,581 | - | -€2,581 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,603 | €111,455 | -€5,148 | -4.4% |
| Other operating charges | 640/8 | €7,918 | €9,851 | +€1,933 | +24.4% |
| Gross operating margin | 9900 | €701,659 | €511,989 | -€189,670 | -27.0% |
| Operating profit (loss) | 9901 | €574,557 | €390,683 | -€183,873 | -32.0% |
| Financial income | 75/76B | €55 | - | -€55 | |
| Recurring financial income | 75 | €55 | - | -€55 | |
| Financial charges | 65/66B | €16,518 | €39,507 | +€22,989 | +139.2% |
| Recurring financial charges | 65 | €16,518 | €39,507 | +€22,989 | +139.2% |
| Profit (loss) for the period before taxes | 9903 | €558,093 | €351,176 | -€206,917 | -37.1% |
| Income taxes | 67/77 | €135,582 | €81,934 | -€53,648 | -39.6% |
| Profit (loss) for the period | 9904 | €422,511 | €269,243 | -€153,268 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €422,511 | €269,243 | -€153,268 | -36.3% |
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 9 October 2026 via checked.be.