KERGEM: 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.
KERGEM
Largest movements
- Receivables within one year +€42,431
up €42,431 (+50.3%), from €84,373 to €126,805
of which Trade receivables: +€44,401
- Cash -€32,624
down €32,624 (-51.2%), from €63,751 to €31,128
mainly Receivables within one year (-€42,431) and Other debts (-€22,941)
- Stocks and contracts -€17,729
down €17,729 (-4.7%), from €375,694 to €357,966
- Profit (loss) carried forward +€32,606
up €32,606 (+30.3%), from €107,740 to €140,345
- Other debts -€22,941
down €22,941 (-8.5%), from €268,386 to €245,446
- Trade debts -€17,532
down €17,532 (-29.3%), from €59,937 to €42,405
- Financial income +€11,154
up €11,154 (+390.0%), from €2,860 to €14,014
- Gross operating margin -€10,320
down €10,320 (-33.2%), from €31,076 to €20,757
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €523,819 | €515,898 | -€7,921 | -1.5% |
| Current assets | 29/58 | €523,819 | €515,898 | -€7,921 | -1.5% |
| Stocks and contracts in progress | 3 | €375,694 | €357,966 | -€17,729 | -4.7% |
| Stocks | 30/36 | €375,694 | €357,966 | -€17,729 | -4.7% |
| Amounts receivable within one year | 40/41 | €84,373 | €126,805 | +€42,431 | +50.3% |
| Trade receivables | 40 | €81,877 | €126,278 | +€44,401 | +54.2% |
| Other amounts receivable | 41 | €2,496 | €527 | -€1,970 | -78.9% |
| Cash at bank and in hand | 54/58 | €63,751 | €31,128 | -€32,624 | -51.2% |
| Total equity and liabilities | 10/49 | €523,819 | €515,898 | -€7,921 | -1.5% |
| Equity | 10/15 | €194,862 | €227,468 | +€32,606 | +16.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €80,923 | €80,923 | = | 0.0% |
| Non-distributable reserves | 130/1 | €80,756 | €80,756 | = | 0.0% |
| Other | 1319 | €80,756 | €80,756 | = | 0.0% |
| Distributable reserves | 133 | €166 | €166 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,740 | €140,345 | +€32,606 | +30.3% |
| Amounts payable | 17/49 | €328,957 | €288,430 | -€40,526 | -12.3% |
| Amounts payable within one year | 42/48 | €328,957 | €288,430 | -€40,526 | -12.3% |
| Trade debts | 44 | €59,937 | €42,405 | -€17,532 | -29.3% |
| Suppliers | 440/4 | €59,937 | €42,405 | -€17,532 | -29.3% |
| Taxes, remuneration and social security | 45 | €634 | €579 | -€54 | -8.6% |
| Taxes | 450/3 | €634 | €579 | -€54 | -8.6% |
| Other amounts payable | 47/48 | €268,386 | €245,446 | -€22,941 | -8.5% |
| Other operating charges | 640/8 | €804 | €650 | -€154 | -19.1% |
| Gross operating margin | 9900 | €31,076 | €20,757 | -€10,320 | -33.2% |
| Operating profit (loss) | 9901 | €30,272 | €20,107 | -€10,166 | -33.6% |
| Financial income | 75/76B | €2,860 | €14,014 | +€11,154 | +390.0% |
| Recurring financial income | 75 | €2,860 | €14,014 | +€11,154 | +390.0% |
| Financial charges | 65/66B | €1,104 | €936 | -€167 | -15.2% |
| Recurring financial charges | 65 | €1,104 | €936 | -€167 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €32,029 | €33,185 | +€1,156 | +3.6% |
| Income taxes | 67/77 | €634 | €579 | -€54 | -8.6% |
| Profit (loss) for the period | 9904 | €31,395 | €32,606 | +€1,210 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,395 | €32,606 | +€1,210 | +3.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.