Kerpel: 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.
Kerpel
Largest movements
- Stocks and contracts +€21,264
up €21,264 (+40.2%), from €52,939 to €74,202
- Cash +€18,992
up €18,992 (+168%), from €11,285 to €30,277
mainly Trade debts (+€82,330) and Tax, wage and social debts (+€2,003)
- Receivables within one year +€18,804
up €18,804 (+15.0%), from €125,375 to €144,180
of which Other amounts receivable: +€12,806
- Trade debts +€82,330
up €82,330 (+55.5%), from €148,321 to €230,651
- Other debts -€21,866
down €21,866 (-100%), from €21,866 to €0
- Profit (loss) carried forward -€3,406
down €3,406 (-55.4%), from €6,154 to €2,748
- Gross operating margin -€10,517
down €10,517, from €7,733 to -€2,784
- Taxes -€1,539
down €1,539 (-100%), from €1,539 to €0
- Financial charges +€352
up €352 (+879%), from €40 to €392
- Other operating charges +€259
new in 2025: €259
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 | €189,599 | €248,659 | +€59,060 | +31.2% |
| Current assets | 29/58 | €189,599 | €248,659 | +€59,060 | +31.2% |
| Stocks and contracts in progress | 3 | €52,939 | €74,202 | +€21,264 | +40.2% |
| Stocks | 30/36 | €52,939 | €74,202 | +€21,264 | +40.2% |
| Amounts receivable within one year | 40/41 | €125,375 | €144,180 | +€18,804 | +15.0% |
| Trade receivables | 40 | €107,561 | €113,559 | +€5,998 | +5.6% |
| Other amounts receivable | 41 | €17,814 | €30,621 | +€12,806 | +71.9% |
| Cash at bank and in hand | 54/58 | €11,285 | €30,277 | +€18,992 | +168% |
| Total equity and liabilities | 10/49 | €189,599 | €248,659 | +€59,060 | +31.2% |
| Equity | 10/15 | €6,254 | €2,848 | -€3,406 | -54.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,154 | €2,748 | -€3,406 | -55.4% |
| Amounts payable | 17/49 | €183,344 | €245,811 | +€62,467 | +34.1% |
| Amounts payable within one year | 42/48 | €183,344 | €245,811 | +€62,467 | +34.1% |
| Trade debts | 44 | €148,321 | €230,651 | +€82,330 | +55.5% |
| Suppliers | 440/4 | €148,321 | €230,651 | +€82,330 | +55.5% |
| Taxes, remuneration and social security | 45 | €13,158 | €15,160 | +€2,003 | +15.2% |
| Taxes | 450/3 | €13,158 | €15,160 | +€2,003 | +15.2% |
| Other amounts payable | 47/48 | €21,866 | €0 | -€21,866 | -100% |
| Other operating charges | 640/8 | - | €259 | +€259 | |
| Gross operating margin | 9900 | €7,733 | -€2,784 | -€10,517 | |
| Operating profit (loss) | 9901 | €7,733 | -€3,043 | -€10,776 | |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €40 | €392 | +€352 | +879% |
| Recurring financial charges | 65 | €40 | €392 | +€352 | +879% |
| Profit (loss) for the period before taxes | 9903 | €7,693 | -€3,406 | -€11,099 | |
| Income taxes | 67/77 | €1,539 | €0 | -€1,539 | -100% |
| Profit (loss) for the period | 9904 | €6,154 | -€3,406 | -€9,561 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,154 | -€3,406 | -€9,561 |
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 24 October 2026 via checked.be.