Kerstenburg: what changed
What changed
Kerstenburg
NACE 01.500, Mixed farming
filed annual accounts (NBB)
Net result for the year
-€51
2024 · €14,107-€14,158
Equity
€16,916
2024 · €16,967-€51
Cash
€94,862
2024 · €93,410+€1,452
Balance sheet total
€290,861
2024 · €289,062+€1,800
Largest movements
Assets
- Stocks and contracts +€20,000
up €20,000 (+57.1%), from €35,000 to €55,000
- Tangible fixed assets -€18,998
down €18,998 (-16.8%), from €113,253 to €94,255
of which Other tangible fixed assets: -€11,358
Equity and liabilities
- Other debts +€5,134
up €5,134 (+4,747%), from €108 to €5,242
- Trade debts -€4,984
down €4,984 (-49.5%), from €10,074 to €5,090
Income statement
- Gross operating margin -€23,967
down €23,967 (-29.7%), from €80,785 to €56,817
- Other operating charges -€10,208
down €10,208 (-89.0%), from €11,474 to €1,266
- Staff costs +€3,439
up €3,439 (+10.5%), from €32,780 to €36,219
- Depreciation -€3,000
down €3,000 (-13.6%), from €22,114 to €19,114
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.
Result 2024
€14,107
Gross operating margin
-€23,967
Staff costs
-€3,439
Depreciation
+€3,000
Other operating charges
+€10,208
Financial charges
+€41
Result 2025
-€51
raises the resultlowers the result
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.
From operations
+€1,452
Investment
€0
Financing
€0
Cash 2024
€93,410
From operations (derived)
+€1,452
Net result for the year
-€51
Depreciation
+€19,114
Stocks and contracts
-€20,000
Receivables within one year
+€538
Trade debts
-€4,984
Tax, wage and social debts
+€901
Advances received
+€800
Other debts
+€5,134
Cash 2025
€94,862
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €289,062 | €290,861 | +€1,800 | +0.6% |
| Fixed assets | 21/28 | €114,117 | €95,002 | -€19,114 | -16.7% |
| Intangible fixed assets | 21 | €863 | €747 | -€116 | -13.5% |
| Tangible fixed assets | 22/27 | €113,253 | €94,255 | -€18,998 | -16.8% |
| Land and buildings | 22 | €61,888 | €61,888 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,687 | €1,647 | -€1,040 | -38.7% |
| Furniture and vehicles | 24 | €13,200 | €6,600 | -€6,600 | -50.0% |
| Other tangible fixed assets | 26 | €35,479 | €24,121 | -€11,358 | -32.0% |
| Current assets | 29/58 | €174,945 | €195,859 | +€20,914 | +12.0% |
| Stocks and contracts in progress | 3 | €35,000 | €55,000 | +€20,000 | +57.1% |
| Stocks | 30/36 | €35,000 | €55,000 | +€20,000 | +57.1% |
| Amounts receivable within one year | 40/41 | €46,535 | €45,997 | -€538 | -1.2% |
| Trade receivables | 40 | €10,305 | €45,336 | +€35,031 | +340% |
| Other amounts receivable | 41 | €36,230 | €661 | -€35,569 | -98.2% |
| Cash at bank and in hand | 54/58 | €93,410 | €94,862 | +€1,452 | +1.6% |
| Total equity and liabilities | 10/49 | €289,062 | €290,861 | +€1,800 | +0.6% |
| Equity | 10/15 | €16,967 | €16,916 | -€51 | -0.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,033 | -€45,084 | -€51 | -0.1% |
| Amounts payable | 17/49 | €272,094 | €273,945 | +€1,851 | +0.7% |
| Amounts payable after more than one year | 17 | €257,000 | €257,000 | = | 0.0% |
| Other amounts payable | 178/9 | €257,000 | €257,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,094 | €16,945 | +€1,851 | +12.3% |
| Trade debts | 44 | €10,074 | €5,090 | -€4,984 | -49.5% |
| Suppliers | 440/4 | €10,074 | €5,090 | -€4,984 | -49.5% |
| Advances received on contracts in progress | 46 | - | €800 | +€800 | |
| Taxes, remuneration and social security | 45 | €4,913 | €5,813 | +€901 | +18.3% |
| Taxes | 450/3 | €4,913 | €2,247 | -€2,666 | -54.3% |
| Remuneration and social security | 454/9 | - | €3,567 | +€3,567 | |
| Other amounts payable | 47/48 | €108 | €5,242 | +€5,134 | +4,747% |
| Remuneration, social security and pensions | 62 | €32,780 | €36,219 | +€3,439 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,114 | €19,114 | -€3,000 | -13.6% |
| Other operating charges | 640/8 | €11,474 | €1,266 | -€10,208 | -89.0% |
| Gross operating margin | 9900 | €80,785 | €56,817 | -€23,967 | -29.7% |
| Operating profit (loss) | 9901 | €14,416 | €217 | -€14,199 | -98.5% |
| Financial charges | 65/66B | €309 | €268 | -€41 | -13.2% |
| Recurring financial charges | 65 | €309 | €268 | -€41 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €14,107 | -€51 | -€14,158 | |
| Profit (loss) for the period | 9904 | €14,107 | -€51 | -€14,158 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,107 | -€51 | -€14,158 |
Next steps
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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 1 November 2026 via checked.be.