Kerline: 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.
Kerline
Largest movements
- Cash -€30,866
down €30,866 (-27.0%), from €114,410 to €83,544
mainly Contributions, distributions and other (-€209,647) and Tax, wage and social debts (-€7,248)
- Tangible fixed assets -€27,653
down €27,653 (-21.6%), from €128,171 to €100,518
of which Furniture and vehicles: -€26,091
- Receivables within one year -€7,769
down €7,769 (-31.1%), from €25,015 to €17,246
of which Trade receivables: -€5,834
- Reserves -€130,951
down €130,951 (-62.4%), from €209,933 to €78,982
- Other debts +€53,200
up €53,200 (+212.8%), from €25,000 to €78,200
- Trade debts +€18,543
up €18,543 (+1036.7%), from €1,789 to €20,332
- Tax, wage and social debts -€7,248
down €7,248 (-30.6%), from €23,705 to €16,457
of which Taxes: -€3,626
- Financial income -€8,408
down €8,408 (-98.0%), from €8,578 to €170
- Financial charges -€7,533
down €7,533 (-97.1%), from €7,755 to €222
- Depreciation +€2,722
up €2,722 (+8.7%), from €31,205 to €33,927
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 | €270,427 | €205,114 | -€65,313 | -24.2% |
| Fixed assets | 21/28 | €128,276 | €100,623 | -€27,653 | -21.6% |
| Tangible fixed assets | 22/27 | €128,171 | €100,518 | -€27,653 | -21.6% |
| Plant, machinery and equipment | 23 | €13,405 | €11,843 | -€1,563 | -11.7% |
| Furniture and vehicles | 24 | €114,766 | €88,675 | -€26,091 | -22.7% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €142,150 | €104,491 | -€37,659 | -26.5% |
| Amounts receivable within one year | 40/41 | €25,015 | €17,246 | -€7,769 | -31.1% |
| Trade receivables | 40 | €20,110 | €14,275 | -€5,834 | -29.0% |
| Other amounts receivable | 41 | €4,905 | €2,971 | -€1,935 | -39.4% |
| Cash at bank and in hand | 54/58 | €114,410 | €83,544 | -€30,866 | -27.0% |
| Deferred charges and accrued income | 490/1 | €2,725 | €3,701 | +€976 | +35.8% |
| Total equity and liabilities | 10/49 | €270,427 | €205,114 | -€65,313 | -24.2% |
| Equity | 10/15 | €219,933 | €88,982 | -€130,951 | -59.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €209,933 | €78,982 | -€130,951 | -62.4% |
| Distributable reserves | 133 | €209,933 | €78,982 | -€130,951 | -62.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,493 | €116,132 | +€65,638 | +130.0% |
| Amounts payable within one year | 42/48 | €50,493 | €114,988 | +€64,495 | +127.7% |
| Trade debts | 44 | €1,789 | €20,332 | +€18,543 | +1036.7% |
| Suppliers | 440/4 | €1,789 | €20,332 | +€18,543 | +1036.7% |
| Taxes, remuneration and social security | 45 | €23,705 | €16,457 | -€7,248 | -30.6% |
| Taxes | 450/3 | €20,082 | €16,457 | -€3,626 | -18.1% |
| Remuneration and social security | 454/9 | €3,623 | €0 | -€3,623 | -100.0% |
| Other amounts payable | 47/48 | €25,000 | €78,200 | +€53,200 | +212.8% |
| Accrued charges and deferred income | 492/3 | - | €1,144 | +€1,144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,205 | €33,927 | +€2,722 | +8.7% |
| Other operating charges | 640/8 | €2,384 | €2,217 | -€167 | -7.0% |
| Gross operating margin | 9900 | €143,230 | €143,780 | +€550 | +0.4% |
| Operating profit (loss) | 9901 | €109,641 | €107,636 | -€2,005 | -1.8% |
| Financial income | 75/76B | €8,578 | €170 | -€8,408 | -98.0% |
| Recurring financial income | 75 | €8,578 | €170 | -€8,408 | -98.0% |
| Financial charges | 65/66B | €7,755 | €222 | -€7,533 | -97.1% |
| Recurring financial charges | 65 | €7,755 | €222 | -€7,533 | -97.1% |
| Profit (loss) for the period before taxes | 9903 | €110,463 | €107,584 | -€2,879 | -2.6% |
| Income taxes | 67/77 | €29,334 | €28,888 | -€446 | -1.5% |
| Profit (loss) for the period | 9904 | €81,129 | €78,696 | -€2,434 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,129 | €78,696 | -€2,434 | -3.0% |
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 7 October 2026 via checked.be.