KERREMANS BEHEER: what changed
KERREMANS BEHEER
Largest movements
- Cash -€30,527
down €30,527 (-74.7%), from €40,868 to €10,341
mainly Contributions, distributions and other (-€86,704) and Trade debts (-€28,278)
- Tangible fixed assets -€11,108
down €11,108 (-41.8%), from €26,570 to €15,463
- Trade debts -€28,278
down €28,278 (-79.1%), from €35,741 to €7,464
- Debts after one year -€19,145
down €19,145 (-42.8%), from €44,722 to €25,576
- Other debts +€16,560
up €16,560 (+482%), from €3,433 to €19,993
- Reserves -€11,454
down €11,454 (-3.0%), from €381,071 to €369,617
of which Distributable reserves: -€11,454
- Tax, wage and social debts +€6,570
up €6,570 (+64.3%), from €10,212 to €16,782
of which Taxes: +€6,570
- Gross operating margin +€24,823
up €24,823 (+27.9%), from €88,833 to €113,656
- Taxes +€7,010
up €7,010 (+25.6%), from €27,436 to €34,447
- Depreciation +€1,928
up €1,928 (+21.0%), from €9,180 to €11,108
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €518,096 | €476,461 | -€41,635 | -8.0% |
| Fixed assets | 21/28 | €477,228 | €466,121 | -€11,108 | -2.3% |
| Tangible fixed assets | 22/27 | €26,570 | €15,463 | -€11,108 | -41.8% |
| Furniture and vehicles | 24 | €26,570 | €15,463 | -€11,108 | -41.8% |
| Financial fixed assets | 28 | €450,658 | €450,658 | = | 0.0% |
| Current assets | 29/58 | €40,868 | €10,341 | -€30,527 | -74.7% |
| Cash at bank and in hand | 54/58 | €40,868 | €10,341 | -€30,527 | -74.7% |
| Total equity and liabilities | 10/49 | €518,096 | €476,461 | -€41,635 | -8.0% |
| Equity | 10/15 | €391,551 | €380,097 | -€11,454 | -2.9% |
| Contributions | 10/11 | €10,480 | €10,480 | = | 0.0% |
| Reserves | 13 | €381,071 | €369,617 | -€11,454 | -3.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €378,571 | €367,117 | -€11,454 | -3.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €126,546 | €96,365 | -€30,181 | -23.8% |
| Amounts payable after more than one year | 17 | €44,722 | €25,576 | -€19,145 | -42.8% |
| Financial debts | 170/4 | €44,722 | €25,576 | -€19,145 | -42.8% |
| Amounts payable within one year | 42/48 | €81,824 | €70,788 | -€11,036 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €32,438 | €26,550 | -€5,888 | -18.2% |
| Trade debts | 44 | €35,741 | €7,464 | -€28,278 | -79.1% |
| Suppliers | 440/4 | €35,741 | €7,464 | -€28,278 | -79.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €10,212 | €16,782 | +€6,570 | +64.3% |
| Taxes | 450/3 | €10,212 | €16,782 | +€6,570 | +64.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,433 | €19,993 | +€16,560 | +482% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,180 | €11,108 | +€1,928 | +21.0% |
| Other operating charges | 640/8 | €1,280 | €631 | -€649 | -50.7% |
| Gross operating margin | 9900 | €88,833 | €113,656 | +€24,823 | +27.9% |
| Operating profit (loss) | 9901 | €78,373 | €101,917 | +€23,544 | +30.0% |
| Financial income | 75/76B | €10,000 | €10,000 | -€0 | 0.0% |
| Recurring financial income | 75 | €10,000 | €10,000 | -€0 | 0.0% |
| Financial charges | 65/66B | €1,773 | €2,220 | +€448 | +25.3% |
| Recurring financial charges | 65 | €1,773 | €2,220 | +€448 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | €86,600 | €109,696 | +€23,096 | +26.7% |
| Income taxes | 67/77 | €27,436 | €34,447 | +€7,010 | +25.6% |
| Profit (loss) for the period | 9904 | €59,164 | €75,250 | +€16,086 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,164 | €75,250 | +€16,086 | +27.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.