KERKERVELD: 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.
KERKERVELD
Largest movements
- Cash -€25,620
down €25,620 (-91.8%), from €27,908 to €2,288
mainly Debts after one year (-€22,417) and Trade debts (-€21,979)
- Receivables within one year -€16,347
down €16,347 (-12.5%), from €131,126 to €114,779
of which Trade receivables: -€15,536
- Tangible fixed assets -€11,279
down €11,279 (-85.1%), from €13,255 to €1,976
of which Other tangible fixed assets: -€11,495
- Debts after one year -€22,417
down €22,417 (-27.4%), from €81,817 to €59,400
- Trade debts -€21,979
down €21,979 (-23.8%), from €92,427 to €70,448
- Tax, wage and social debts -€14,596
down €14,596 (-82.5%), from €17,686 to €3,090
of which Remuneration and social security: -€12,552
- Profit (loss) carried forward +€5,761
up €5,761 (+9.5%), from -€60,607 to -€54,846
- Staff costs -€67,727
no longer reported in 2025 (was €67,727)
- Gross operating margin -€34,745
down €34,745 (-58.8%), from €59,125 to €24,380
- Depreciation +€6,783
up €6,783 (+90.9%), from €7,460 to €14,243
- Financial charges -€2,900
down €2,900 (-44.9%), from €6,456 to €3,555
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 | €178,624 | €125,378 | -€53,246 | -29.8% |
| Fixed assets | 21/28 | €13,255 | €1,976 | -€11,279 | -85.1% |
| Tangible fixed assets | 22/27 | €13,255 | €1,976 | -€11,279 | -85.1% |
| Plant, machinery and equipment | 23 | €120 | €1,976 | +€1,856 | +1,549% |
| Furniture and vehicles | 24 | €1,640 | - | -€1,640 | |
| Other tangible fixed assets | 26 | €11,495 | - | -€11,495 | |
| Current assets | 29/58 | €165,369 | €123,402 | -€41,967 | -25.4% |
| Amounts receivable within one year | 40/41 | €131,126 | €114,779 | -€16,347 | -12.5% |
| Trade receivables | 40 | €129,909 | €114,373 | -€15,536 | -12.0% |
| Other amounts receivable | 41 | €1,217 | €406 | -€811 | -66.6% |
| Cash at bank and in hand | 54/58 | €27,908 | €2,288 | -€25,620 | -91.8% |
| Deferred charges and accrued income | 490/1 | €6,335 | €6,335 | = | 0.0% |
| Total equity and liabilities | 10/49 | €178,624 | €125,378 | -€53,246 | -29.8% |
| Equity | 10/15 | -€40,607 | -€34,846 | +€5,761 | +14.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,607 | -€54,846 | +€5,761 | +9.5% |
| Amounts payable | 17/49 | €219,231 | €160,224 | -€59,007 | -26.9% |
| Amounts payable after more than one year | 17 | €81,817 | €59,400 | -€22,417 | -27.4% |
| Financial debts | 170/4 | €81,817 | €59,400 | -€22,417 | -27.4% |
| Amounts payable within one year | 42/48 | €135,070 | €97,208 | -€37,862 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €23,916 | €22,417 | -€1,499 | -6.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €92,427 | €70,448 | -€21,979 | -23.8% |
| Suppliers | 440/4 | €92,427 | €70,448 | -€21,979 | -23.8% |
| Taxes, remuneration and social security | 45 | €17,686 | €3,090 | -€14,596 | -82.5% |
| Taxes | 450/3 | €2,045 | - | -€2,045 | |
| Remuneration and social security | 454/9 | €15,641 | €3,090 | -€12,552 | -80.2% |
| Other amounts payable | 47/48 | €1,041 | €1,254 | +€213 | +20.5% |
| Accrued charges and deferred income | 492/3 | €2,345 | €3,616 | +€1,271 | +54.2% |
| Remuneration, social security and pensions | 62 | €67,727 | - | -€67,727 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,460 | €14,243 | +€6,783 | +90.9% |
| Other operating charges | 640/8 | €816 | €820 | +€4 | +0.5% |
| Gross operating margin | 9900 | €59,125 | €24,380 | -€34,745 | -58.8% |
| Operating profit (loss) | 9901 | -€16,879 | €9,316 | +€26,195 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €6,456 | €3,555 | -€2,900 | -44.9% |
| Recurring financial charges | 65 | €6,456 | €3,555 | -€2,900 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | -€23,334 | €5,761 | +€29,094 | |
| Profit (loss) for the period | 9904 | -€23,334 | €5,761 | +€29,094 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,334 | €5,761 | +€29,094 |
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 18 October 2026 via checked.be.