KERINT: 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.
KERINT
Largest movements
- Cash +€63,699
up €63,699 (+2,148%), from €2,965 to €66,664
mainly Receivables within one year (+€62,289) and Net result for the year (+€20,586)
- Receivables within one year -€62,289
down €62,289 (-34.3%), from €181,365 to €119,076
of which Trade receivables: -€65,565
- Stocks and contracts +€16,343
new in 2025: €16,343
- Tangible fixed assets +€4,189
up €4,189 (+15.1%), from €27,800 to €31,989
- Other debts +€13,654
up €13,654 (+220%), from €6,194 to €19,848
- Reserves +€6,902
up €6,902 (+3.8%), from €179,998 to €186,900
- Trade debts +€4,329
up €4,329 (+123%), from €3,510 to €7,840
- Gross operating margin +€5,235
up €5,235 (+17.0%), from €30,818 to €36,053
- Taxes +€2,691
up €2,691 (+33.5%), from €8,043 to €10,734
- Financial income +€750
up €750 (+1,704%), from €44 to €794
- Depreciation +€670
up €670 (+21.6%), from €3,102 to €3,772
- Other operating charges -€390
down €390 (-30.6%), from €1,272 to €883
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 | €224,563 | €246,594 | +€22,031 | +9.8% |
| Fixed assets | 21/28 | €27,800 | €31,989 | +€4,189 | +15.1% |
| Tangible fixed assets | 22/27 | €27,800 | €31,989 | +€4,189 | +15.1% |
| Other tangible fixed assets | 26 | €27,800 | €31,989 | +€4,189 | +15.1% |
| Current assets | 29/58 | €196,764 | €214,605 | +€17,842 | +9.1% |
| Stocks and contracts in progress | 3 | - | €16,343 | +€16,343 | |
| Stocks | 30/36 | - | €16,343 | +€16,343 | |
| Amounts receivable within one year | 40/41 | €181,365 | €119,076 | -€62,289 | -34.3% |
| Trade receivables | 40 | €173,556 | €107,991 | -€65,565 | -37.8% |
| Other amounts receivable | 41 | €7,809 | €11,085 | +€3,276 | +42.0% |
| Current investments | 50/53 | €11,343 | €11,343 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,965 | €66,664 | +€63,699 | +2,148% |
| Deferred charges and accrued income | 490/1 | €1,091 | €1,180 | +€89 | +8.2% |
| Total equity and liabilities | 10/49 | €224,563 | €246,594 | +€22,031 | +9.8% |
| Equity | 10/15 | €209,277 | €216,179 | +€6,902 | +3.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €179,998 | €186,900 | +€6,902 | +3.8% |
| Distributable reserves | 133 | €179,998 | €186,900 | +€6,902 | +3.8% |
| Profit (loss) carried forward | 14 | €10,687 | €10,687 | = | 0.0% |
| Amounts payable | 17/49 | €15,286 | €30,415 | +€15,129 | +99.0% |
| Amounts payable within one year | 42/48 | €14,462 | €30,027 | +€15,565 | +108% |
| Trade debts | 44 | €3,510 | €7,840 | +€4,329 | +123% |
| Suppliers | 440/4 | €3,510 | €7,840 | +€4,329 | +123% |
| Taxes, remuneration and social security | 45 | €4,758 | €2,339 | -€2,419 | -50.8% |
| Taxes | 450/3 | €4,758 | €2,339 | -€2,419 | -50.8% |
| Other amounts payable | 47/48 | €6,194 | €19,848 | +€13,654 | +220% |
| Accrued charges and deferred income | 492/3 | €824 | €388 | -€436 | -52.9% |
| Non-recurring operating income | 76A | €11,374 | €0 | -€11,374 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,102 | €3,772 | +€670 | +21.6% |
| Other operating charges | 640/8 | €1,272 | €883 | -€390 | -30.6% |
| Gross operating margin | 9900 | €30,818 | €36,053 | +€5,235 | +17.0% |
| Operating profit (loss) | 9901 | €26,444 | €31,398 | +€4,955 | +18.7% |
| Financial income | 75/76B | €44 | €794 | +€750 | +1,704% |
| Recurring financial income | 75 | €44 | €794 | +€750 | +1,704% |
| Financial charges | 65/66B | €1,067 | €871 | -€196 | -18.3% |
| Recurring financial charges | 65 | €1,067 | €871 | -€196 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €25,420 | €31,320 | +€5,900 | +23.2% |
| Income taxes | 67/77 | €8,043 | €10,734 | +€2,691 | +33.5% |
| Profit (loss) for the period | 9904 | €17,378 | €20,586 | +€3,208 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,378 | €20,586 | +€3,208 | +18.5% |
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 17 October 2026 via checked.be.