KERN IT: 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.
KERN IT
Largest movements
- Cash -€165,726
down €165,726 (-63.6%), from €260,751 to €95,025
mainly Investment in fixed assets (net) (-€72,592) and Receivables within one year (-€61,296)
- Intangible fixed assets +€68,396
new in 2025: €68,396
- Receivables within one year +€61,296
up €61,296 (+37.7%), from €162,447 to €223,743
- Other debts -€45,037
down €45,037 (-96.1%), from €46,884 to €1,847
- Trade debts +€12,976
up €12,976 (+4430.7%), from €293 to €13,269
- Gross operating margin +€68,467
up €68,467 (+19.2%), from €356,204 to €424,672
- Staff costs +€61,914
up €61,914 (+17.7%), from €349,053 to €410,967
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 | €444,026 | €412,634 | -€31,392 | -7.1% |
| Fixed assets | 21/28 | €11,567 | €80,683 | +€69,116 | +597.5% |
| Intangible fixed assets | 21 | - | €68,396 | +€68,396 | |
| Tangible fixed assets | 22/27 | €5,867 | €6,587 | +€720 | +12.3% |
| Furniture and vehicles | 24 | €5,367 | €6,587 | +€1,220 | +22.7% |
| Other tangible fixed assets | 26 | €500 | €0 | -€500 | -100.0% |
| Financial fixed assets | 28 | €5,700 | €5,700 | = | 0.0% |
| Current assets | 29/58 | €432,459 | €331,951 | -€100,509 | -23.2% |
| Amounts receivable within one year | 40/41 | €162,447 | €223,743 | +€61,296 | +37.7% |
| Trade receivables | 40 | €162,447 | €223,743 | +€61,296 | +37.7% |
| Cash at bank and in hand | 54/58 | €260,751 | €95,025 | -€165,726 | -63.6% |
| Deferred charges and accrued income | 490/1 | €9,261 | €13,183 | +€3,921 | +42.3% |
| Total equity and liabilities | 10/49 | €444,026 | €412,634 | -€31,392 | -7.1% |
| Equity | 10/15 | €287,731 | €290,050 | +€2,319 | +0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €279,671 | €281,990 | +€2,319 | +0.8% |
| Amounts payable | 17/49 | €156,295 | €122,584 | -€33,711 | -21.6% |
| Amounts payable within one year | 42/48 | €156,295 | €122,584 | -€33,711 | -21.6% |
| Trade debts | 44 | €293 | €13,269 | +€12,976 | +4430.7% |
| Suppliers | 440/4 | €293 | €13,269 | +€12,976 | +4430.7% |
| Taxes, remuneration and social security | 45 | €109,118 | €107,468 | -€1,650 | -1.5% |
| Taxes | 450/3 | €45,378 | €48,708 | +€3,330 | +7.3% |
| Remuneration and social security | 454/9 | €63,740 | €58,760 | -€4,980 | -7.8% |
| Other amounts payable | 47/48 | €46,884 | €1,847 | -€45,037 | -96.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €349,053 | €410,967 | +€61,914 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,315 | €3,476 | +€161 | +4.9% |
| Other operating charges | 640/8 | €1,376 | €813 | -€563 | -40.9% |
| Gross operating margin | 9900 | €356,204 | €424,672 | +€68,467 | +19.2% |
| Operating profit (loss) | 9901 | €2,460 | €9,416 | +€6,956 | +282.7% |
| Financial income | 75/76B | €124 | €1 | -€124 | -99.6% |
| Recurring financial income | 75 | €124 | €1 | -€124 | -99.6% |
| Financial charges | 65/66B | €1,307 | €1,877 | +€570 | +43.6% |
| Recurring financial charges | 65 | €1,307 | €1,877 | +€570 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | €1,277 | €7,539 | +€6,262 | +490.3% |
| Income taxes | 67/77 | €3,761 | €5,221 | +€1,459 | +38.8% |
| Profit (loss) for the period | 9904 | -€2,484 | €2,319 | +€4,803 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,484 | €2,319 | +€4,803 |
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 11 October 2026 via checked.be.