Kerrangé: 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.
Kerrangé
Largest movements
- Tangible fixed assets +€120,881
up €120,881 (+466.5%), from €25,914 to €146,796
of which Other tangible fixed assets: +€126,272
- Cash +€33,208
up €33,208 (+46.9%), from €70,777 to €103,985
mainly Tax, wage and social debts (+€78,497) and Net result for the year (+€67,134)
- Receivables within one year -€23,177
down €23,177 (-9.6%), from €241,538 to €218,361
of which Trade receivables: -€21,307
- Tax, wage and social debts +€78,497
up €78,497 (+505.6%), from €15,526 to €94,023
of which Taxes: +€54,727
- Reserves +€67,134
up €67,134 (+22.5%), from €298,026 to €365,160
- Trade debts -€19,262
down €19,262 (-84.9%), from €22,678 to €3,416
- Gross operating margin +€9,246
up €9,246 (+11.4%), from €81,021 to €90,267
- Depreciation +€4,350
up €4,350 (+417.6%), from €1,042 to €5,391
- Other operating charges -€1,861
down €1,861 (-84.6%), from €2,201 to €340
- Taxes +€1,809
up €1,809 (+11.6%), from €15,526 to €17,334
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 | €338,230 | €469,142 | +€130,912 | +38.7% |
| Fixed assets | 21/28 | €25,914 | €146,796 | +€120,881 | +466.5% |
| Tangible fixed assets | 22/27 | €25,914 | €146,796 | +€120,881 | +466.5% |
| Land and buildings | 22 | €6,351 | €4,960 | -€1,391 | -21.9% |
| Furniture and vehicles | 24 | €19,563 | €15,563 | -€4,000 | -20.4% |
| Other tangible fixed assets | 26 | - | €126,272 | +€126,272 | |
| Current assets | 29/58 | €312,315 | €322,346 | +€10,031 | +3.2% |
| Amounts receivable within one year | 40/41 | €241,538 | €218,361 | -€23,177 | -9.6% |
| Trade receivables | 40 | €239,668 | €218,361 | -€21,307 | -8.9% |
| Other amounts receivable | 41 | €1,870 | €0 | -€1,870 | -100.0% |
| Cash at bank and in hand | 54/58 | €70,777 | €103,985 | +€33,208 | +46.9% |
| Total equity and liabilities | 10/49 | €338,230 | €469,142 | +€130,912 | +38.7% |
| Equity | 10/15 | €300,026 | €367,160 | +€67,134 | +22.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €298,026 | €365,160 | +€67,134 | +22.5% |
| Distributable reserves | 133 | €298,026 | €365,160 | +€67,134 | +22.5% |
| Amounts payable | 17/49 | €38,204 | €101,982 | +€63,778 | +166.9% |
| Amounts payable within one year | 42/48 | €38,204 | €101,982 | +€63,778 | +166.9% |
| Trade debts | 44 | €22,678 | €3,416 | -€19,262 | -84.9% |
| Suppliers | 440/4 | €22,678 | €3,416 | -€19,262 | -84.9% |
| Taxes, remuneration and social security | 45 | €15,526 | €94,023 | +€78,497 | +505.6% |
| Taxes | 450/3 | €15,526 | €70,253 | +€54,727 | +352.5% |
| Remuneration and social security | 454/9 | - | €23,770 | +€23,770 | |
| Other amounts payable | 47/48 | - | €4,544 | +€4,544 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,042 | €5,391 | +€4,350 | +417.6% |
| Other operating charges | 640/8 | €2,201 | €340 | -€1,861 | -84.6% |
| Gross operating margin | 9900 | €81,021 | €90,267 | +€9,246 | +11.4% |
| Operating profit (loss) | 9901 | €77,779 | €84,536 | +€6,757 | +8.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | +7300.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +7300.0% |
| Financial charges | 65/66B | €690 | €69 | -€621 | -90.0% |
| Recurring financial charges | 65 | €690 | €69 | -€621 | -90.0% |
| Profit (loss) for the period before taxes | 9903 | €77,089 | €84,468 | +€7,379 | +9.6% |
| Income taxes | 67/77 | €15,526 | €17,334 | +€1,809 | +11.6% |
| Profit (loss) for the period | 9904 | €61,563 | €67,134 | +€5,571 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,563 | €67,134 | +€5,571 | +9.0% |
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 28 September 2026 via checked.be.