KERSSCHOT: 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.
KERSSCHOT
Largest movements
- Cash +€13,023
up €13,023 (+128%), from €10,212 to €23,235
mainly Net result for the year (+€32,747) and Depreciation (+€31,950)
- Deferred charges and accrued income -€8,341
down €8,341 (-43.5%), from €19,182 to €10,841
- Intangible fixed assets -€3,344
down €3,344 (-11.1%), from €30,082 to €26,739
- Reserves +€32,747
up €32,747 (+102%), from €32,073 to €64,820
- Current portion of long-term debt -€23,752
down €23,752 (-48.5%), from €48,952 to €25,200
- Trade debts -€8,806
down €8,806 (-23.6%), from €37,296 to €28,490
- Other debts +€4,696
up €4,696 (+17.0%), from €27,700 to €32,397
- Gross operating margin +€46,787
up €46,787 (+48.2%), from €97,137 to €143,923
- Staff costs +€18,600
up €18,600 (+79.6%), from €23,366 to €41,965
- Financial charges +€9,032
up €9,032 (+94.8%), from €9,528 to €18,560
- Depreciation +€5,441
up €5,441 (+20.5%), from €26,509 to €31,950
- Taxes +€4,266
up €4,266 (+42.3%), from €10,091 to €14,357
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 | €315,408 | €321,844 | +€6,436 | +2.0% |
| Fixed assets | 21/28 | €182,596 | €182,428 | -€168 | -0.1% |
| Intangible fixed assets | 21 | €30,082 | €26,739 | -€3,344 | -11.1% |
| Tangible fixed assets | 22/27 | €152,079 | €155,254 | +€3,176 | +2.1% |
| Land and buildings | 22 | €126,974 | €115,774 | -€11,200 | -8.8% |
| Plant, machinery and equipment | 23 | €20,801 | €16,683 | -€4,118 | -19.8% |
| Furniture and vehicles | 24 | €4,303 | €727 | -€3,576 | -83.1% |
| Leasing and similar rights | 25 | - | €22,070 | +€22,070 | |
| Financial fixed assets | 28 | €435 | €435 | = | 0.0% |
| Current assets | 29/58 | €132,812 | €139,416 | +€6,604 | +5.0% |
| Stocks and contracts in progress | 3 | €64,545 | €63,710 | -€835 | -1.3% |
| Stocks | 30/36 | €64,545 | €63,710 | -€835 | -1.3% |
| Amounts receivable within one year | 40/41 | €38,873 | €41,630 | +€2,757 | +7.1% |
| Trade receivables | 40 | €38,873 | €41,630 | +€2,757 | +7.1% |
| Cash at bank and in hand | 54/58 | €10,212 | €23,235 | +€13,023 | +128% |
| Deferred charges and accrued income | 490/1 | €19,182 | €10,841 | -€8,341 | -43.5% |
| Total equity and liabilities | 10/49 | €315,408 | €321,844 | +€6,436 | +2.0% |
| Equity | 10/15 | €72,073 | €104,820 | +€32,747 | +45.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €32,073 | €64,820 | +€32,747 | +102% |
| Distributable reserves | 133 | €32,073 | €64,820 | +€32,747 | +102% |
| Amounts payable | 17/49 | €243,335 | €217,024 | -€26,311 | -10.8% |
| Amounts payable after more than one year | 17 | €105,406 | €103,968 | -€1,439 | -1.4% |
| Financial debts | 170/4 | €105,406 | €103,968 | -€1,439 | -1.4% |
| Amounts payable within one year | 42/48 | €137,928 | €111,668 | -€26,260 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €48,952 | €25,200 | -€23,752 | -48.5% |
| Trade debts | 44 | €37,296 | €28,490 | -€8,806 | -23.6% |
| Suppliers | 440/4 | €37,296 | €28,490 | -€8,806 | -23.6% |
| Taxes, remuneration and social security | 45 | €23,980 | €25,581 | +€1,601 | +6.7% |
| Taxes | 450/3 | €19,999 | €22,512 | +€2,513 | +12.6% |
| Remuneration and social security | 454/9 | €3,981 | €3,069 | -€912 | -22.9% |
| Other amounts payable | 47/48 | €27,700 | €32,397 | +€4,696 | +17.0% |
| Accrued charges and deferred income | 492/3 | - | €1,388 | +€1,388 | |
| Non-recurring operating income | 76A | - | €1,086 | +€1,086 | |
| Remuneration, social security and pensions | 62 | €23,366 | €41,965 | +€18,600 | +79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,509 | €31,950 | +€5,441 | +20.5% |
| Other operating charges | 640/8 | €4,059 | €4,344 | +€284 | +7.0% |
| Gross operating margin | 9900 | €97,137 | €143,923 | +€46,787 | +48.2% |
| Operating profit (loss) | 9901 | €43,202 | €65,664 | +€22,462 | +52.0% |
| Financial charges | 65/66B | €9,528 | €18,560 | +€9,032 | +94.8% |
| Recurring financial charges | 65 | €9,528 | €18,560 | +€9,032 | +94.8% |
| Profit (loss) for the period before taxes | 9903 | €33,674 | €47,104 | +€13,430 | +39.9% |
| Income taxes | 67/77 | €10,091 | €14,357 | +€4,266 | +42.3% |
| Profit (loss) for the period | 9904 | €23,583 | €32,747 | +€9,164 | +38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,583 | €32,747 | +€9,164 | +38.9% |
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 17 October 2026 via checked.be.