KERREBROUCK CONSTRUCT: 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.
KERREBROUCK CONSTRUCT
Largest movements
- Tangible fixed assets +€45,376
up €45,376 (+348%), from €13,037 to €58,413
of which Furniture and vehicles: +€53,338
- Cash -€18,075
down €18,075 (-55.2%), from €32,760 to €14,685
mainly Investment in fixed assets (net) (-€60,012) and Other debts (-€3,491)
- Receivables within one year +€3,400
up €3,400 (+16.9%), from €20,172 to €23,572
of which Other amounts receivable: +€2,568
- Debts after one year +€24,734
up €24,734 (+675%), from €3,663 to €28,396
- Current portion of long-term debt +€11,805
up €11,805 (+163%), from €7,238 to €19,043
- Other debts -€3,491
down €3,491 (-32.3%), from €10,813 to €7,322
- Tax, wage and social debts -€2,212
down €2,212 (-63.8%), from €3,467 to €1,256
of which Remuneration and social security: -€3,200
- Trade debts -€1,762
down €1,762 (-29.2%), from €6,044 to €4,282
- Gross operating margin -€9,528
down €9,528 (-31.0%), from €30,754 to €21,226
- Depreciation +€5,371
up €5,371 (+58.0%), from €9,265 to €14,636
- Taxes -€3,209
down €3,209 (-60.9%), from €5,267 to €2,059
- Other operating charges +€1,740
up €1,740 (+439%), from €396 to €2,136
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 | €67,563 | €97,720 | +€30,157 | +44.6% |
| Fixed assets | 21/28 | €14,087 | €59,463 | +€45,376 | +322% |
| Tangible fixed assets | 22/27 | €13,037 | €58,413 | +€45,376 | +348% |
| Plant, machinery and equipment | 23 | €858 | €196 | -€662 | -77.2% |
| Furniture and vehicles | 24 | €2,959 | €56,297 | +€53,338 | +1,803% |
| Leasing and similar rights | 25 | €9,220 | €1,920 | -€7,300 | -79.2% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €53,475 | €38,257 | -€15,218 | -28.5% |
| Amounts receivable within one year | 40/41 | €20,172 | €23,572 | +€3,400 | +16.9% |
| Trade receivables | 40 | €19,770 | €20,601 | +€832 | +4.2% |
| Other amounts receivable | 41 | €402 | €2,971 | +€2,568 | +638% |
| Cash at bank and in hand | 54/58 | €32,760 | €14,685 | -€18,075 | -55.2% |
| Deferred charges and accrued income | 490/1 | €543 | - | -€543 | |
| Total equity and liabilities | 10/49 | €67,563 | €97,720 | +€30,157 | +44.6% |
| Equity | 10/15 | €36,200 | €37,422 | +€1,222 | +3.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,200 | €34,422 | +€1,222 | +3.7% |
| Distributable reserves | 133 | €33,200 | €34,422 | +€1,222 | +3.7% |
| Amounts payable | 17/49 | €31,363 | €60,298 | +€28,936 | +92.3% |
| Amounts payable after more than one year | 17 | €3,663 | €28,396 | +€24,734 | +675% |
| Financial debts | 170/4 | €3,663 | €28,396 | +€24,734 | +675% |
| Amounts payable within one year | 42/48 | €27,562 | €31,902 | +€4,340 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €7,238 | €19,043 | +€11,805 | +163% |
| Trade debts | 44 | €6,044 | €4,282 | -€1,762 | -29.2% |
| Suppliers | 440/4 | €6,044 | €4,282 | -€1,762 | -29.2% |
| Taxes, remuneration and social security | 45 | €3,467 | €1,256 | -€2,212 | -63.8% |
| Taxes | 450/3 | €267 | €1,256 | +€988 | +370% |
| Remuneration and social security | 454/9 | €3,200 | - | -€3,200 | |
| Other amounts payable | 47/48 | €10,813 | €7,322 | -€3,491 | -32.3% |
| Accrued charges and deferred income | 492/3 | €138 | - | -€138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,265 | €14,636 | +€5,371 | +58.0% |
| Other operating charges | 640/8 | €396 | €2,136 | +€1,740 | +439% |
| Gross operating margin | 9900 | €30,754 | €21,226 | -€9,528 | -31.0% |
| Operating profit (loss) | 9901 | €21,093 | €4,454 | -€16,639 | -78.9% |
| Financial income | 75/76B | €4 | €168 | +€164 | +4,452% |
| Recurring financial income | 75 | €4 | €168 | +€164 | +4,452% |
| Financial charges | 65/66B | €1,087 | €1,342 | +€255 | +23.4% |
| Recurring financial charges | 65 | €1,087 | €1,342 | +€255 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €20,010 | €3,280 | -€16,729 | -83.6% |
| Income taxes | 67/77 | €5,267 | €2,059 | -€3,209 | -60.9% |
| Profit (loss) for the period | 9904 | €14,742 | €1,222 | -€13,521 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,742 | €1,222 | -€13,521 | -91.7% |
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 25 October 2026 via checked.be.