KERO: 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.
KERO
Largest movements
- Receivables within one year +€41,925
up €41,925 (+268.6%), from €15,611 to €57,536
of which Trade receivables: +€22,109
- Cash -€32,423
down €32,423 (-53.7%), from €60,372 to €27,949
mainly Receivables within one year (-€41,925) and Contributions, distributions and other (-€35,001)
- Tangible fixed assets -€15,985
down €15,985 (-69.5%), from €23,003 to €7,018
- Stocks and contracts -€1,188
down €1,188 (-33.1%), from €3,591 to €2,403
- Profit (loss) carried forward -€33,885
down €33,885 (-96.0%), from €35,307 to €1,422
- Other debts +€31,196
new in 2025: €31,196
- Tax, wage and social debts -€6,053
down €6,053 (-21.9%), from €27,630 to €21,577
of which Remuneration and social security: -€3,268
- Trade debts +€3,835
up €3,835 (+108.0%), from €3,552 to €7,387
- Accrued charges and deferred income -€2,445
down €2,445 (-67.8%), from €3,604 to €1,159
- Other operating charges +€21,538
up €21,538 (+352.0%), from €6,119 to €27,657
- Staff costs +€18,307
up €18,307 (+31.7%), from €57,700 to €76,007
- Depreciation -€3,858
down €3,858 (-37.7%), from €10,244 to €6,386
- Taxes -€3,275
down €3,275 (-66.7%), from €4,913 to €1,638
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 | €110,093 | €102,741 | -€7,352 | -6.7% |
| Fixed assets | 21/28 | €29,603 | €13,618 | -€15,985 | -54.0% |
| Tangible fixed assets | 22/27 | €23,003 | €7,018 | -€15,985 | -69.5% |
| Plant, machinery and equipment | 23 | €10,557 | €2,999 | -€7,558 | -71.6% |
| Furniture and vehicles | 24 | €2,205 | €540 | -€1,665 | -75.5% |
| Other tangible fixed assets | 26 | €10,241 | €3,479 | -€6,762 | -66.0% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €80,490 | €89,123 | +€8,633 | +10.7% |
| Stocks and contracts in progress | 3 | €3,591 | €2,403 | -€1,188 | -33.1% |
| Stocks | 30/36 | €3,591 | €2,403 | -€1,188 | -33.1% |
| Amounts receivable within one year | 40/41 | €15,611 | €57,536 | +€41,925 | +268.6% |
| Trade receivables | 40 | €1,308 | €23,417 | +€22,109 | +1690.3% |
| Other amounts receivable | 41 | €14,303 | €34,119 | +€19,816 | +138.5% |
| Cash at bank and in hand | 54/58 | €60,372 | €27,949 | -€32,423 | -53.7% |
| Deferred charges and accrued income | 490/1 | €916 | €1,235 | +€319 | +34.8% |
| Total equity and liabilities | 10/49 | €110,093 | €102,741 | -€7,352 | -6.7% |
| Equity | 10/15 | €75,307 | €41,422 | -€33,885 | -45.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,307 | €1,422 | -€33,885 | -96.0% |
| Amounts payable | 17/49 | €34,786 | €61,319 | +€26,533 | +76.3% |
| Amounts payable within one year | 42/48 | €31,182 | €60,160 | +€28,978 | +92.9% |
| Trade debts | 44 | €3,552 | €7,387 | +€3,835 | +108.0% |
| Suppliers | 440/4 | €3,552 | €7,387 | +€3,835 | +108.0% |
| Taxes, remuneration and social security | 45 | €27,630 | €21,577 | -€6,053 | -21.9% |
| Taxes | 450/3 | €13,433 | €10,648 | -€2,785 | -20.7% |
| Remuneration and social security | 454/9 | €14,197 | €10,929 | -€3,268 | -23.0% |
| Other amounts payable | 47/48 | - | €31,196 | +€31,196 | |
| Accrued charges and deferred income | 492/3 | €3,604 | €1,159 | -€2,445 | -67.8% |
| Remuneration, social security and pensions | 62 | €57,700 | €76,007 | +€18,307 | +31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,244 | €6,386 | -€3,858 | -37.7% |
| Other operating charges | 640/8 | €6,119 | €27,657 | +€21,538 | +352.0% |
| Gross operating margin | 9900 | €112,281 | €112,356 | +€75 | +0.1% |
| Operating profit (loss) | 9901 | €38,218 | €2,306 | -€35,912 | -94.0% |
| Financial income | 75/76B | €571 | €1,322 | +€751 | +131.5% |
| Recurring financial income | 75 | €571 | €1,322 | +€751 | +131.5% |
| Financial charges | 65/66B | €450 | €874 | +€424 | +94.2% |
| Recurring financial charges | 65 | €450 | €874 | +€424 | +94.2% |
| Profit (loss) for the period before taxes | 9903 | €38,339 | €2,754 | -€35,585 | -92.8% |
| Income taxes | 67/77 | €4,913 | €1,638 | -€3,275 | -66.7% |
| Profit (loss) for the period | 9904 | €33,426 | €1,116 | -€32,310 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,426 | €1,116 | -€32,310 | -96.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.