KERO Bouwonderneming: 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 Bouwonderneming
Largest movements
- Tangible fixed assets +€57,706
up €57,706 (+72.4%), from €79,684 to €137,390
of which Furniture and vehicles: +€86,103
- Receivables within one year +€44,644
up €44,644 (+89.6%), from €49,823 to €94,467
of which Trade receivables: +€47,644
- Cash +€3,171
up €3,171 (+13.7%), from €23,195 to €26,366
mainly Net result for the year (+€77,031) and Depreciation (+€28,123)
- Profit (loss) carried forward +€53,200
no longer reported in 2025 (was -€53,200)
- Trade debts +€24,930
up €24,930 (+210%), from €11,900 to €36,830
- Reserves +€22,231
up €22,231 (+41.9%), from €53,019 to €75,250
- Tax, wage and social debts +€13,043
up €13,043 (+402%), from €3,241 to €16,284
- Debts after one year +€10,896
up €10,896 (+91.4%), from €11,925 to €22,821
- Gross operating margin +€112,785
up €112,785 (+9,568%), from €1,179 to €113,964
- Depreciation -€25,510
down €25,510 (-47.6%), from €53,633 to €28,123
- Taxes +€7,348
up €7,348, from €0 to €7,348
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 | €154,750 | €261,929 | +€107,178 | +69.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €79,684 | €137,390 | +€57,706 | +72.4% |
| Tangible fixed assets | 22/27 | €79,684 | €137,390 | +€57,706 | +72.4% |
| Plant, machinery and equipment | 23 | €45,270 | €23,278 | -€21,992 | -48.6% |
| Furniture and vehicles | 24 | €23,659 | €109,762 | +€86,103 | +364% |
| Leasing and similar rights | 25 | €5,917 | €0 | -€5,917 | -100% |
| Other tangible fixed assets | 26 | €4,838 | €4,350 | -€487 | -10.1% |
| Current assets | 29/58 | €75,066 | €124,539 | +€49,473 | +65.9% |
| Amounts receivable within one year | 40/41 | €49,823 | €94,467 | +€44,644 | +89.6% |
| Trade receivables | 40 | €46,823 | €94,467 | +€47,644 | +102% |
| Other amounts receivable | 41 | €3,000 | - | -€3,000 | |
| Cash at bank and in hand | 54/58 | €23,195 | €26,366 | +€3,171 | +13.7% |
| Deferred charges and accrued income | 490/1 | €2,048 | €3,706 | +€1,658 | +80.9% |
| Total equity and liabilities | 10/49 | €154,750 | €261,929 | +€107,178 | +69.3% |
| Equity | 10/15 | €4,819 | €80,250 | +€75,431 | +1,565% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,019 | €75,250 | +€22,231 | +41.9% |
| Distributable reserves | 133 | €53,019 | €75,250 | +€22,231 | +41.9% |
| Profit (loss) carried forward | 14 | -€53,200 | - | +€53,200 | |
| Amounts payable | 17/49 | €149,932 | €181,679 | +€31,747 | +21.2% |
| Amounts payable after more than one year | 17 | €11,925 | €22,821 | +€10,896 | +91.4% |
| Financial debts | 170/4 | €11,925 | €22,821 | +€10,896 | +91.4% |
| Amounts payable within one year | 42/48 | €137,654 | €158,474 | +€20,820 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €20,668 | €12,751 | -€7,917 | -38.3% |
| Trade debts | 44 | €11,900 | €36,830 | +€24,930 | +210% |
| Suppliers | 440/4 | €11,900 | €36,830 | +€24,930 | +210% |
| Taxes, remuneration and social security | 45 | €3,241 | €16,284 | +€13,043 | +402% |
| Taxes | 450/3 | €3,241 | €16,284 | +€13,043 | +402% |
| Other amounts payable | 47/48 | €101,845 | €92,610 | -€9,236 | -9.1% |
| Accrued charges and deferred income | 492/3 | €353 | €384 | +€31 | +8.9% |
| Non-recurring operating income | 76A | - | €19,829 | +€19,829 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,633 | €28,123 | -€25,510 | -47.6% |
| Other operating charges | 640/8 | €882 | €1,308 | +€427 | +48.4% |
| Gross operating margin | 9900 | €1,179 | €113,964 | +€112,785 | +9,568% |
| Operating profit (loss) | 9901 | -€53,337 | €84,532 | +€137,869 | |
| Financial income | 75/76B | €1,676 | €1,406 | -€270 | -16.1% |
| Recurring financial income | 75 | €1,676 | €1,406 | -€270 | -16.1% |
| Financial charges | 65/66B | €1,539 | €1,558 | +€19 | +1.2% |
| Recurring financial charges | 65 | €1,539 | €1,558 | +€19 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€53,200 | €84,379 | +€137,580 | |
| Income taxes | 67/77 | €0 | €7,348 | +€7,348 | |
| Profit (loss) for the period | 9904 | -€53,200 | €77,031 | +€130,231 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,200 | €77,031 | +€130,231 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.