KERGER BUREAUTIQUE: what changed
KERGER BUREAUTIQUE
Largest movements
- Cash -€12,878
down €12,878 (-23.4%), from €54,942 to €42,064
mainly Contributions, distributions and other (-€39,675) and Tax, wage and social debts (-€7,883)
- Receivables within one year -€2,512
down €2,512 (-26.2%), from €9,605 to €7,093
of which Trade receivables: -€2,953
- Reserves -€34,978
down €34,978 (-41.6%), from €84,037 to €49,059
- Debts after one year +€23,671
up €23,671 (+29.7%), from €79,601 to €103,272
of which Other amounts payable: +€41,229
- Trade debts +€9,448
up €9,448 (+135%), from €7,011 to €16,459
- Tax, wage and social debts -€7,883
down €7,883 (-44.1%), from €17,870 to €9,988
of which Remuneration and social security: -€9,216
- Current portion of long-term debt -€5,979
no longer reported in 2026 (was €5,979)
- Staff costs -€10,961
down €10,961 (-15.1%), from €72,755 to €61,794
- Gross operating margin -€5,978
down €5,978 (-6.7%), from €89,330 to €83,353
- Depreciation +€4,342
up €4,342 (+174%), from €2,489 to €6,831
- Financial charges -€1,136
down €1,136 (-19.8%), from €5,746 to €4,611
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,097 | €206,882 | -€16,215 | -7.3% |
| Fixed assets | 21/28 | €26,647 | €26,864 | +€217 | +0.8% |
| Tangible fixed assets | 22/27 | €26,284 | €26,501 | +€217 | +0.8% |
| Plant, machinery and equipment | 23 | - | €6,034 | +€6,034 | |
| Furniture and vehicles | 24 | €26,284 | €20,467 | -€5,817 | -22.1% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €196,450 | €180,018 | -€16,432 | -8.4% |
| Stocks and contracts in progress | 3 | €129,615 | €128,595 | -€1,020 | -0.8% |
| Stocks | 30/36 | €129,615 | €128,595 | -€1,020 | -0.8% |
| Amounts receivable within one year | 40/41 | €9,605 | €7,093 | -€2,512 | -26.2% |
| Trade receivables | 40 | €9,605 | €6,652 | -€2,953 | -30.7% |
| Other amounts receivable | 41 | - | €441 | +€441 | |
| Cash at bank and in hand | 54/58 | €54,942 | €42,064 | -€12,878 | -23.4% |
| Deferred charges and accrued income | 490/1 | €2,288 | €2,266 | -€22 | -1.0% |
| Total equity and liabilities | 10/49 | €223,097 | €206,882 | -€16,215 | -7.3% |
| Equity | 10/15 | €105,932 | €70,954 | -€34,978 | -33.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €84,037 | €49,059 | -€34,978 | -41.6% |
| Distributable reserves | 133 | €84,037 | €49,059 | -€34,978 | -41.6% |
| Profit (loss) carried forward | 14 | €1,435 | €1,435 | = | 0.0% |
| Amounts payable | 17/49 | €117,166 | €135,928 | +€18,763 | +16.0% |
| Amounts payable after more than one year | 17 | €79,601 | €103,272 | +€23,671 | +29.7% |
| Financial debts | 170/4 | €17,558 | - | -€17,558 | |
| Other amounts payable | 178/9 | €62,043 | €103,272 | +€41,229 | +66.5% |
| Amounts payable within one year | 42/48 | €30,860 | €27,949 | -€2,911 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €5,979 | - | -€5,979 | |
| Trade debts | 44 | €7,011 | €16,459 | +€9,448 | +135% |
| Suppliers | 440/4 | €7,011 | €16,459 | +€9,448 | +135% |
| Taxes, remuneration and social security | 45 | €17,870 | €9,988 | -€7,883 | -44.1% |
| Taxes | 450/3 | €3,603 | €4,936 | +€1,333 | +37.0% |
| Remuneration and social security | 454/9 | €14,267 | €5,051 | -€9,216 | -64.6% |
| Other amounts payable | 47/48 | - | €1,503 | +€1,503 | |
| Accrued charges and deferred income | 492/3 | €6,704 | €4,706 | -€1,998 | -29.8% |
| Remuneration, social security and pensions | 62 | €72,755 | €61,794 | -€10,961 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,489 | €6,831 | +€4,342 | +174% |
| Other operating charges | 640/8 | €2,368 | €2,233 | -€135 | -5.7% |
| Gross operating margin | 9900 | €89,330 | €83,353 | -€5,978 | -6.7% |
| Operating profit (loss) | 9901 | €11,718 | €12,495 | +€777 | +6.6% |
| Financial income | 75/76B | €424 | €574 | +€150 | +35.3% |
| Recurring financial income | 75 | €424 | €574 | +€150 | +35.3% |
| Financial charges | 65/66B | €5,746 | €4,611 | -€1,136 | -19.8% |
| Recurring financial charges | 65 | €5,746 | €4,611 | -€1,136 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €6,396 | €8,458 | +€2,062 | +32.2% |
| Income taxes | 67/77 | €2,902 | €3,761 | +€859 | +29.6% |
| Profit (loss) for the period | 9904 | €3,494 | €4,697 | +€1,203 | +34.4% |
| Transfer from tax-exempt reserves | 789 | €1,533 | - | -€1,533 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,028 | €4,697 | -€330 | -6.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.