KERREMANS TECHNICS: 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.
KERREMANS TECHNICS
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Receivables within one year -€134,289
down €134,289 (-9.4%), from €1.4m to €1.3m
of which Trade receivables: -€152,928
- Cash +€114,585
up €114,585 (+722.7%), from €15,854 to €130,439
mainly Net result for the year (+€417,221) and Depreciation (+€208,244)
- Tangible fixed assets -€55,973
down €55,973 (-3.2%), from €1.7m to €1.7m
of which Land and buildings: -€70,255
- Reserves +€417,221
up €417,221 (+31.9%), from €1.3m to €1.7m
of which Distributable reserves: +€417,221
- Trade debts -€151,673
down €151,673 (-19.9%), from €761,250 to €609,577
- Short-term financial debts -€127,634
down €127,634 (-99.7%), from €128,014 to €380
- Debts after one year -€109,128
down €109,128 (-14.7%), from €739,866 to €630,738
- Tax, wage and social debts +€78,997
up €78,997 (+213.4%), from €37,022 to €116,019
of which Taxes: +€72,283
- Gross operating margin +€388,334
up €388,334 (+42.2%), from €920,091 to €1.3m
- Staff costs +€168,439
up €168,439 (+57.1%), from €295,176 to €463,615
- Taxes +€59,665
up €59,665 (+67.3%), from €88,648 to €148,313
- Depreciation +€35,224
up €35,224 (+20.4%), from €173,020 to €208,244
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 | €3,289,446 | €3,399,595 | +€110,149 | +3.3% |
| Fixed assets | 21/28 | €1,749,956 | €1,702,171 | -€47,785 | -2.7% |
| Intangible fixed assets | 21 | - | €8,188 | +€8,188 | |
| Tangible fixed assets | 22/27 | €1,749,956 | €1,693,983 | -€55,973 | -3.2% |
| Land and buildings | 22 | €1,469,321 | €1,399,066 | -€70,255 | -4.8% |
| Plant, machinery and equipment | 23 | €21,089 | €31,234 | +€10,145 | +48.1% |
| Furniture and vehicles | 24 | €259,546 | €263,684 | +€4,137 | +1.6% |
| Current assets | 29/58 | €1,539,491 | €1,697,424 | +€157,933 | +10.3% |
| Stocks and contracts in progress | 3 | €75,000 | €44,541 | -€30,459 | -40.6% |
| Contracts in progress | 37 | €75,000 | €44,541 | -€30,459 | -40.6% |
| Amounts receivable within one year | 40/41 | €1,435,396 | €1,301,107 | -€134,289 | -9.4% |
| Trade receivables | 40 | €1,335,587 | €1,182,659 | -€152,928 | -11.5% |
| Other amounts receivable | 41 | €99,809 | €118,448 | +€18,639 | +18.7% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €15,854 | €130,439 | +€114,585 | +722.7% |
| Deferred charges and accrued income | 490/1 | €13,240 | €21,336 | +€8,096 | +61.1% |
| Total equity and liabilities | 10/49 | €3,289,446 | €3,399,595 | +€110,149 | +3.3% |
| Equity | 10/15 | €1,458,272 | €1,875,493 | +€417,221 | +28.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,308,272 | €1,725,493 | +€417,221 | +31.9% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €1,293,272 | €1,710,493 | +€417,221 | +32.3% |
| Amounts payable | 17/49 | €1,831,174 | €1,524,102 | -€307,072 | -16.8% |
| Amounts payable after more than one year | 17 | €739,866 | €630,738 | -€109,128 | -14.7% |
| Financial debts | 170/4 | €739,866 | €630,738 | -€109,128 | -14.7% |
| Amounts payable within one year | 42/48 | €1,091,309 | €893,364 | -€197,945 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €165,022 | €167,387 | +€2,365 | +1.4% |
| Financial debts | 43 | €128,014 | €380 | -€127,634 | -99.7% |
| Credit institutions | 430/8 | €128,014 | €380 | -€127,634 | -99.7% |
| Trade debts | 44 | €761,250 | €609,577 | -€151,673 | -19.9% |
| Suppliers | 440/4 | €761,250 | €609,577 | -€151,673 | -19.9% |
| Taxes, remuneration and social security | 45 | €37,022 | €116,019 | +€78,997 | +213.4% |
| Taxes | 450/3 | €13,220 | €85,503 | +€72,283 | +546.8% |
| Remuneration and social security | 454/9 | €23,802 | €30,516 | +€6,714 | +28.2% |
| Remuneration, social security and pensions | 62 | €295,176 | €463,615 | +€168,439 | +57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,020 | €208,244 | +€35,224 | +20.4% |
| Other operating charges | 640/8 | €15,176 | €16,058 | +€882 | +5.8% |
| Gross operating margin | 9900 | €920,091 | €1,308,426 | +€388,334 | +42.2% |
| Operating profit (loss) | 9901 | €436,720 | €620,509 | +€183,789 | +42.1% |
| Financial income | 75/76B | €10,146 | €3,375 | -€6,771 | -66.7% |
| Recurring financial income | 75 | €10,146 | €3,375 | -€6,771 | -66.7% |
| Financial charges | 65/66B | €62,026 | €58,350 | -€3,676 | -5.9% |
| Recurring financial charges | 65 | €62,026 | €58,350 | -€3,676 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €384,839 | €565,534 | +€180,695 | +47.0% |
| Income taxes | 67/77 | €88,648 | €148,313 | +€59,665 | +67.3% |
| Profit (loss) for the period | 9904 | €296,191 | €417,221 | +€121,030 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €296,191 | €417,221 | +€121,030 | +40.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.