KERGARIOU VRAZ: what changed
KERGARIOU VRAZ
Largest movements
- Receivables within one year -€10,266
no longer reported in 2025 (was €10,266)
of which Trade receivables: -€10,266
- Cash +€6,500
up €6,500 (+654%), from €993 to €7,493
mainly Receivables within one year (+€10,266) and Depreciation (+€2,583)
- Tangible fixed assets -€3,630
down €3,630 (-29.4%), from €12,360 to €8,731
of which Furniture and vehicles: -€2,626
- Deferred charges and accrued income -€395
no longer reported in 2025 (was €395)
- Other debts -€4,374
down €4,374 (-8.0%), from €54,463 to €50,089
- Profit (loss) carried forward -€3,039
down €3,039 (-7.0%), from -€43,281 to -€46,320
- Accrued charges and deferred income -€440
no longer reported in 2025 (was €440)
- Tax, wage and social debts +€421
up €421 (+243%), from €174 to €595
- Trade debts -€359
no longer reported in 2025 (was €359)
- Taxes -€42,054
down €42,054 (-100%), from €42,054 to €0
- Gross operating margin +€14,328
up €14,328 (+99.6%), from -€14,386 to -€58
- Financial income -€10,720
no longer reported in 2025 (was €10,720)
- Depreciation -€1,842
down €1,842 (-41.6%), from €4,425 to €2,583
- Financial charges -€1,399
down €1,399 (-100.0%), from €1,400 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,015 | €16,224 | -€7,791 | -32.4% |
| Fixed assets | 21/28 | €12,360 | €8,731 | -€3,630 | -29.4% |
| Tangible fixed assets | 22/27 | €12,360 | €8,731 | -€3,630 | -29.4% |
| Furniture and vehicles | 24 | €2,626 | €0 | -€2,626 | -100% |
| Other tangible fixed assets | 26 | €9,734 | €8,731 | -€1,003 | -10.3% |
| Current assets | 29/58 | €11,655 | €7,493 | -€4,161 | -35.7% |
| Amounts receivable within one year | 40/41 | €10,266 | - | -€10,266 | |
| Trade receivables | 40 | €10,266 | - | -€10,266 | |
| Other amounts receivable | 41 | €0 | - | -€0 | |
| Cash at bank and in hand | 54/58 | €993 | €7,493 | +€6,500 | +654% |
| Deferred charges and accrued income | 490/1 | €395 | - | -€395 | |
| Total equity and liabilities | 10/49 | €24,015 | €16,224 | -€7,791 | -32.4% |
| Equity | 10/15 | -€31,421 | -€34,460 | -€3,039 | -9.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,281 | -€46,320 | -€3,039 | -7.0% |
| Amounts payable | 17/49 | €55,435 | €50,684 | -€4,752 | -8.6% |
| Amounts payable within one year | 42/48 | €54,995 | €50,684 | -€4,312 | -7.8% |
| Trade debts | 44 | €359 | - | -€359 | |
| Suppliers | 440/4 | €359 | - | -€359 | |
| Taxes, remuneration and social security | 45 | €174 | €595 | +€421 | +243% |
| Taxes | 450/3 | €174 | €595 | +€421 | +243% |
| Other amounts payable | 47/48 | €54,463 | €50,089 | -€4,374 | -8.0% |
| Accrued charges and deferred income | 492/3 | €440 | - | -€440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,425 | €2,583 | -€1,842 | -41.6% |
| Other operating charges | 640/8 | €384 | €398 | +€13 | +3.5% |
| Gross operating margin | 9900 | -€14,386 | -€58 | +€14,328 | +99.6% |
| Operating profit (loss) | 9901 | -€19,196 | -€3,039 | +€16,157 | +84.2% |
| Financial income | 75/76B | €10,720 | - | -€10,720 | |
| Recurring financial income | 75 | €10,720 | - | -€10,720 | |
| Financial charges | 65/66B | €1,400 | €0 | -€1,399 | -100.0% |
| Recurring financial charges | 65 | €1,400 | €0 | -€1,399 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,876 | -€3,039 | +€6,836 | +69.2% |
| Income taxes | 67/77 | €42,054 | €0 | -€42,054 | -100% |
| Profit (loss) for the period | 9904 | -€51,930 | -€3,039 | +€48,891 | +94.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,930 | -€3,039 | +€48,891 | +94.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.