Kerhall Consulting: 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.
Kerhall Consulting
Largest movements
- Current investments +€67,117
new in 2025: €67,117
- Cash -€54,843
down €54,843 (-36.3%), from €151,285 to €96,443
mainly Current investments (-€67,117) and Other debts (-€5,200)
- Receivables within one year -€1,925
down €1,925 (-10.0%), from €19,278 to €17,353
of which Other amounts receivable: -€1,915
- Reserves +€15,570
up €15,570 (+12.9%), from €120,261 to €135,831
of which Distributable reserves: +€15,570
- Other debts -€5,200
down €5,200 (-32.1%), from €16,188 to €10,988
- Trade debts -€2,402
down €2,402 (-57.3%), from €4,192 to €1,790
- Tax, wage and social debts +€2,382
up €2,382 (+41.8%), from €5,703 to €8,084
- Gross operating margin +€4,850
up €4,850 (+24.7%), from €19,654 to €24,504
- Taxes +€2,382
up €2,382 (+41.8%), from €5,703 to €8,084
- Other operating charges -€1,414
no longer reported in 2025 (was €1,414)
- Financial income +€605
new in 2025: €605
- Financial charges +€269
up €269 (+22.7%), from €1,186 to €1,454
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.
Derived cash bridge
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 | €170,563 | €180,912 | +€10,349 | +6.1% |
| Current assets | 29/58 | €170,563 | €180,912 | +€10,349 | +6.1% |
| Amounts receivable within one year | 40/41 | €19,278 | €17,353 | -€1,925 | -10.0% |
| Trade receivables | 40 | €16,962 | €16,952 | -€10 | -0.1% |
| Other amounts receivable | 41 | €2,315 | €401 | -€1,915 | -82.7% |
| Current investments | 50/53 | - | €67,117 | +€67,117 | |
| Cash at bank and in hand | 54/58 | €151,285 | €96,443 | -€54,843 | -36.3% |
| Total equity and liabilities | 10/49 | €170,563 | €180,912 | +€10,349 | +6.1% |
| Equity | 10/15 | €144,480 | €160,050 | +€15,570 | +10.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €120,261 | €135,831 | +€15,570 | +12.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €118,401 | €133,971 | +€15,570 | +13.2% |
| Profit (loss) carried forward | 14 | €11,819 | €11,819 | = | 0.0% |
| Amounts payable | 17/49 | €26,083 | €20,862 | -€5,221 | -20.0% |
| Amounts payable within one year | 42/48 | €26,083 | €20,862 | -€5,221 | -20.0% |
| Trade debts | 44 | €4,192 | €1,790 | -€2,402 | -57.3% |
| Suppliers | 440/4 | €4,192 | €1,790 | -€2,402 | -57.3% |
| Taxes, remuneration and social security | 45 | €5,703 | €8,084 | +€2,382 | +41.8% |
| Taxes | 450/3 | €5,703 | €8,084 | +€2,382 | +41.8% |
| Other amounts payable | 47/48 | €16,188 | €10,988 | -€5,200 | -32.1% |
| Other operating charges | 640/8 | €1,414 | - | -€1,414 | |
| Gross operating margin | 9900 | €19,654 | €24,504 | +€4,850 | +24.7% |
| Operating profit (loss) | 9901 | €18,240 | €24,504 | +€6,264 | +34.3% |
| Financial income | 75/76B | - | €605 | +€605 | |
| Recurring financial income | 75 | - | €605 | +€605 | |
| Financial charges | 65/66B | €1,186 | €1,454 | +€269 | +22.7% |
| Recurring financial charges | 65 | €1,186 | €1,454 | +€269 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €17,054 | €23,655 | +€6,601 | +38.7% |
| Income taxes | 67/77 | €5,703 | €8,084 | +€2,382 | +41.8% |
| Profit (loss) for the period | 9904 | €11,351 | €15,570 | +€4,219 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,351 | €15,570 | +€4,219 | +37.2% |
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 15 October 2026 via checked.be.