Kerstens: 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.
Kerstens
Largest movements
- Receivables within one year -€7,394
down €7,394 (-39.5%), from €18,728 to €11,334
of which Trade receivables: -€16,634
- Cash -€3,428
down €3,428 (-74.8%), from €4,585 to €1,157
mainly Net result for the year (-€19,261) and Other debts (-€2,068)
- Deferred charges and accrued income -€957
no longer reported in 2022 (was €957)
- Financial fixed assets -€275
no longer reported in 2022 (was €275)
- Profit (loss) carried forward -€19,261
new in 2022: -€19,261
- Trade debts +€9,305
up €9,305 (+180%), from €5,168 to €14,473
- Other debts -€2,068
no longer reported in 2022 (was €2,068)
- Gross operating margin +€4,887
up €4,887 (+45.4%), from €10,774 to €15,661
- Financial charges +€515
up €515 (+233%), from €220 to €735
- Taxes +€424
up €424 (+15.0%), from €2,821 to €3,245
- Other operating charges -€251
down €251 (-60.5%), from €415 to €164
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,545 | €12,491 | -€12,054 | -49.1% |
| Fixed assets | 21/28 | €275 | - | -€275 | |
| Financial fixed assets | 28 | €275 | - | -€275 | |
| Current assets | 29/58 | €24,270 | €12,491 | -€11,779 | -48.5% |
| Amounts receivable within one year | 40/41 | €18,728 | €11,334 | -€7,394 | -39.5% |
| Trade receivables | 40 | €16,634 | - | -€16,634 | |
| Other amounts receivable | 41 | €2,094 | €11,334 | +€9,240 | +441% |
| Cash at bank and in hand | 54/58 | €4,585 | €1,157 | -€3,428 | -74.8% |
| Deferred charges and accrued income | 490/1 | €957 | - | -€957 | |
| Total equity and liabilities | 10/49 | €24,545 | €12,491 | -€12,054 | -49.1% |
| Equity | 10/15 | €12,393 | -€6,868 | -€19,261 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €7,393 | €7,393 | = | 0.0% |
| Distributable reserves | 133 | €7,393 | €7,393 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€19,261 | -€19,261 | |
| Amounts payable | 17/49 | €12,152 | €19,359 | +€7,207 | +59.3% |
| Amounts payable within one year | 42/48 | €12,152 | €19,359 | +€7,207 | +59.3% |
| Trade debts | 44 | €5,168 | €14,473 | +€9,305 | +180% |
| Suppliers | 440/4 | €5,168 | €14,473 | +€9,305 | +180% |
| Taxes, remuneration and social security | 45 | €4,917 | €4,886 | -€31 | -0.6% |
| Taxes | 450/3 | €2,917 | €4,886 | +€1,969 | +67.5% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €2,068 | - | -€2,068 | |
| Other operating charges | 640/8 | €415 | €164 | -€251 | -60.5% |
| Non-recurring operating charges | 66A | - | €30,863 | +€30,863 | |
| Gross operating margin | 9900 | €10,774 | €15,661 | +€4,887 | +45.4% |
| Operating profit (loss) | 9901 | €10,359 | -€15,366 | -€25,725 | |
| Financial income | 75/76B | €75 | €85 | +€10 | +13.1% |
| Recurring financial income | 75 | €75 | €85 | +€10 | +13.1% |
| Financial charges | 65/66B | €220 | €735 | +€515 | +233% |
| Recurring financial charges | 65 | €220 | €735 | +€515 | +233% |
| Profit (loss) for the period before taxes | 9903 | €10,213 | -€16,016 | -€26,230 | |
| Income taxes | 67/77 | €2,821 | €3,245 | +€424 | +15.0% |
| Profit (loss) for the period | 9904 | €7,393 | -€19,261 | -€26,653 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,393 | -€19,261 | -€26,653 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.