Keroost: 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.
What changed
Keroost
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3,202
2024 · -€6,767+€3,565
Equity
€4.2m
2024 · €4.2m-€3,202
Cash
€475,003
2024 · €452,629+€22,374
Balance sheet total
€4.2m
2024 · €4.2m-€5,273
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Depreciation -€8,753
down €8,753 (-20.2%), from €43,346 to €34,593
- Gross operating margin -€2,513
down €2,513 (-5.3%), from €47,502 to €44,989
- Taxes +€2,423
up €2,423 (+125.2%), from €1,935 to €4,358
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.
Result 2024
-€6,767
Gross operating margin
-€2,513
Depreciation
+€8,753
Other operating charges
-€332
Financial income
-€5
Financial charges
+€85
Taxes
-€2,423
Result 2025
-€3,202
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.
From operations
+€22,374
Investment
€0
Financing
€0
Cash 2024
€452,629
From operations (derived)
+€22,374
Net result for the year
-€3,202
Depreciation
+€34,593
Receivables within one year
-€6,895
Smaller working-capital items
+€18
Provisions
-€3,971
Trade debts
+€873
Tax, wage and social debts
+€2,423
Other debts
-€1,465
Cash 2025
€475,003
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,246,691 | €4,241,418 | -€5,273 | -0.1% |
| Fixed assets | 21/28 | €3,791,981 | €3,757,389 | -€34,593 | -0.9% |
| Tangible fixed assets | 22/27 | €2,832,318 | €2,797,725 | -€34,593 | -1.2% |
| Land and buildings | 22 | €2,832,318 | €2,797,725 | -€34,593 | -1.2% |
| Financial fixed assets | 28 | €959,664 | €959,664 | = | 0.0% |
| Current assets | 29/58 | €454,710 | €484,029 | +€29,320 | +6.4% |
| Amounts receivable within one year | 40/41 | €571 | €7,465 | +€6,895 | +1208.5% |
| Other amounts receivable | 41 | €571 | €7,465 | +€6,895 | +1208.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €452,629 | €475,003 | +€22,374 | +4.9% |
| Deferred charges and accrued income | 490/1 | €1,511 | €1,562 | +€51 | +3.4% |
| Total equity and liabilities | 10/49 | €4,246,691 | €4,241,418 | -€5,273 | -0.1% |
| Equity | 10/15 | €4,175,549 | €4,172,347 | -€3,202 | -0.1% |
| Contributions | 10/11 | €1,350,000 | €1,350,000 | = | 0.0% |
| Capital | 10 | €1,350,000 | €1,350,000 | = | 0.0% |
| Issued capital | 100 | €1,350,000 | €1,350,000 | = | 0.0% |
| Reserves | 13 | €1,950,619 | €1,947,417 | -€3,202 | -0.2% |
| Non-distributable reserves | 130/1 | €135,000 | €135,000 | = | 0.0% |
| Legal reserve | 130 | €135,000 | €135,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €184,170 | €172,256 | -€11,914 | -6.5% |
| Distributable reserves | 133 | €1,631,448 | €1,640,160 | +€8,712 | +0.5% |
| Profit (loss) carried forward | 14 | €874,930 | €874,930 | = | 0.0% |
| Provisions and deferred taxes | 16 | €63,555 | €59,584 | -€3,971 | -6.2% |
| Deferred taxes | 168 | €63,555 | €59,584 | -€3,971 | -6.2% |
| Amounts payable | 17/49 | €7,587 | €9,487 | +€1,900 | +25.0% |
| Amounts payable within one year | 42/48 | €4,658 | €6,489 | +€1,831 | +39.3% |
| Trade debts | 44 | €629 | €1,502 | +€873 | +138.7% |
| Suppliers | 440/4 | €629 | €1,502 | +€873 | +138.7% |
| Taxes, remuneration and social security | 45 | €1,935 | €4,358 | +€2,423 | +125.2% |
| Taxes | 450/3 | €1,935 | €4,358 | +€2,423 | +125.2% |
| Other amounts payable | 47/48 | €2,094 | €629 | -€1,465 | -69.9% |
| Accrued charges and deferred income | 492/3 | €2,929 | €2,998 | +€69 | +2.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,346 | €34,593 | -€8,753 | -20.2% |
| Other operating charges | 640/8 | €12,480 | €12,811 | +€332 | +2.7% |
| Gross operating margin | 9900 | €47,502 | €44,989 | -€2,513 | -5.3% |
| Operating profit (loss) | 9901 | -€8,323 | -€2,415 | +€5,908 | +71.0% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €485 | €400 | -€85 | -17.5% |
| Recurring financial charges | 65 | €485 | €400 | -€85 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,803 | -€2,815 | +€5,988 | +68.0% |
| Transfer from deferred taxes | 780 | €3,971 | €3,971 | = | 0.0% |
| Income taxes | 67/77 | €1,935 | €4,358 | +€2,423 | +125.2% |
| Profit (loss) for the period | 9904 | -€6,767 | -€3,202 | +€3,565 | +52.7% |
| Transfer from tax-exempt reserves | 789 | €11,914 | €11,914 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,147 | €8,712 | +€3,565 | +69.3% |
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 4 October 2026 via checked.be.