Kero Projects: 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 Projects
Largest movements
- Cash +€44,734
up €44,734 (+467%), from €9,576 to €54,310
mainly Net result for the year (+€22,678) and Receivables within one year (+€19,616)
- Receivables within one year -€19,616
down €19,616 (-99.6%), from €19,693 to €77
- Profit (loss) carried forward +€22,678
up €22,678 (+180%), from €12,600 to €35,278
- Other debts +€1,980
new in 2025: €1,980
- Trade debts +€801
new in 2025: €801
- Gross operating margin +€15,848
up €15,848 (+101%), from €15,620 to €31,468
- Taxes +€4,131
up €4,131 (+138%), from €3,000 to €7,131
- Financial charges +€880
up €880 (+4,400%), from €20 to €900
- Other operating charges +€466
new in 2025: €466
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 | €29,269 | €54,931 | +€25,662 | +87.7% |
| Current assets | 29/58 | €29,269 | €54,931 | +€25,662 | +87.7% |
| Amounts receivable within one year | 40/41 | €19,693 | €77 | -€19,616 | -99.6% |
| Trade receivables | 40 | €19,693 | €77 | -€19,616 | -99.6% |
| Cash at bank and in hand | 54/58 | €9,576 | €54,310 | +€44,734 | +467% |
| Deferred charges and accrued income | 490/1 | - | €544 | +€544 | |
| Total equity and liabilities | 10/49 | €29,269 | €54,931 | +€25,662 | +87.7% |
| Equity | 10/15 | €17,600 | €40,278 | +€22,678 | +129% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,600 | €35,278 | +€22,678 | +180% |
| Amounts payable | 17/49 | €11,669 | €14,653 | +€2,984 | +25.6% |
| Amounts payable within one year | 42/48 | €11,669 | €14,653 | +€2,984 | +25.6% |
| Trade debts | 44 | - | €801 | +€801 | |
| Suppliers | 440/4 | - | €801 | +€801 | |
| Advances received on contracts in progress | 46 | - | €300 | +€300 | |
| Taxes, remuneration and social security | 45 | €11,669 | €11,572 | -€97 | -0.8% |
| Taxes | 450/3 | €11,669 | €9,029 | -€2,640 | -22.6% |
| Remuneration and social security | 454/9 | - | €2,543 | +€2,543 | |
| Other amounts payable | 47/48 | - | €1,980 | +€1,980 | |
| Other operating charges | 640/8 | - | €466 | +€466 | |
| Non-recurring operating charges | 66A | - | €372 | +€372 | |
| Gross operating margin | 9900 | €15,620 | €31,468 | +€15,848 | +101% |
| Operating profit (loss) | 9901 | €15,620 | €30,630 | +€15,010 | +96.1% |
| Financial income | 75/76B | - | €79 | +€79 | |
| Recurring financial income | 75 | - | €79 | +€79 | |
| Financial charges | 65/66B | €20 | €900 | +€880 | +4,400% |
| Recurring financial charges | 65 | €20 | €900 | +€880 | +4,400% |
| Profit (loss) for the period before taxes | 9903 | €15,600 | €29,809 | +€14,209 | +91.1% |
| Income taxes | 67/77 | €3,000 | €7,131 | +€4,131 | +138% |
| Profit (loss) for the period | 9904 | €12,600 | €22,678 | +€10,078 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,600 | €22,678 | +€10,078 | +80.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.