KERIM: what changed
Two fiscal 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.
KERIM
Largest movements
- Stocks and contracts -€12,400
down €12,400 (-5.4%), from €231,631 to €219,231
- Other debts -€8,974
down €8,974 (-3.4%), from €267,456 to €258,482
- Profit (loss) carried forward -€4,396
down €4,396 (-11.4%), from -€38,654 to -€43,051
- Gross operating margin +€976
up €976 (+21.1%), from -€4,621 to -€3,646
- Financial charges +€89
up €89, from €0 to €89
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 | €252,546 | €241,196 | -€11,350 | -4.5% |
| Fixed assets | 21/28 | €20,000 | €20,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €20,000 | €20,000 | = | 0.0% |
| Land and buildings | 22 | €20,000 | €20,000 | = | 0.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €232,546 | €221,196 | -€11,350 | -4.9% |
| Stocks and contracts in progress | 3 | €231,631 | €219,231 | -€12,400 | -5.4% |
| Stocks | 30/36 | €231,631 | €219,231 | -€12,400 | -5.4% |
| Amounts receivable within one year | 40/41 | €881 | €0 | -€881 | -100.0% |
| Other amounts receivable | 41 | €881 | €0 | -€881 | -100.0% |
| Cash at bank and in hand | 54/58 | €34 | €1,964 | +€1,931 | +5736.2% |
| Total equity and liabilities | 10/49 | €252,546 | €241,196 | -€11,350 | -4.5% |
| Equity | 10/15 | -€22,454 | -€26,851 | -€4,396 | -19.6% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,654 | -€43,051 | -€4,396 | -11.4% |
| Amounts payable | 17/49 | €275,000 | €268,046 | -€6,954 | -2.5% |
| Amounts payable within one year | 42/48 | €275,000 | €268,046 | -€6,954 | -2.5% |
| Trade debts | 44 | €7,544 | €9,565 | +€2,021 | +26.8% |
| Suppliers | 440/4 | €7,544 | €9,565 | +€2,021 | +26.8% |
| Other amounts payable | 47/48 | €267,456 | €258,482 | -€8,974 | -3.4% |
| Other operating charges | 640/8 | €651 | €662 | +€11 | +1.7% |
| Gross operating margin | 9900 | -€4,621 | -€3,646 | +€976 | +21.1% |
| Operating profit (loss) | 9901 | -€5,272 | -€4,308 | +€964 | +18.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €0 | €89 | +€89 | |
| Recurring financial charges | 65 | €0 | €89 | +€89 | |
| Profit (loss) for the period before taxes | 9903 | -€5,272 | -€4,396 | +€876 | +16.6% |
| Profit (loss) for the period | 9904 | -€5,272 | -€4,396 | +€876 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,272 | -€4,396 | +€876 | +16.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.