KERVYN STUDIO DESIGN: 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.
KERVYN STUDIO DESIGN
Largest movements
- Tangible fixed assets -€11,139
down €11,139 (-35.3%), from €31,564 to €20,425
of which Furniture and vehicles: -€8,743
- Receivables within one year -€2,803
no longer reported in 2025 (was €2,803)
of which Trade receivables: -€1,793
- Cash -€814
down €814 (-8.6%), from €9,480 to €8,666
mainly Net result for the year (-€18,916) and Trade debts (-€1,571)
- Profit (loss) carried forward -€18,916
down €18,916 (-5.3%), from -€357,201 to -€376,117
- Other debts +€5,732
up €5,732 (+1.5%), from €386,312 to €392,043
- Trade debts -€1,571
down €1,571 (-67.3%), from €2,336 to €765
- Gross operating margin +€5,519
up €5,519 (+42.2%), from -€13,086 to -€7,567
- Depreciation -€3,600
down €3,600 (-24.4%), from €14,739 to €11,139
- Other operating charges -€383
down €383 (-71.0%), from €539 to €157
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 | €43,847 | €29,091 | -€14,756 | -33.7% |
| Fixed assets | 21/28 | €31,564 | €20,425 | -€11,139 | -35.3% |
| Tangible fixed assets | 22/27 | €31,564 | €20,425 | -€11,139 | -35.3% |
| Land and buildings | 22 | €14,225 | €11,829 | -€2,396 | -16.8% |
| Furniture and vehicles | 24 | €13,914 | €5,171 | -€8,743 | -62.8% |
| Other tangible fixed assets | 26 | €3,425 | €3,425 | = | 0.0% |
| Current assets | 29/58 | €12,282 | €8,666 | -€3,617 | -29.4% |
| Amounts receivable within one year | 40/41 | €2,803 | - | -€2,803 | |
| Trade receivables | 40 | €1,793 | - | -€1,793 | |
| Other amounts receivable | 41 | €1,009 | - | -€1,009 | |
| Cash at bank and in hand | 54/58 | €9,480 | €8,666 | -€814 | -8.6% |
| Total equity and liabilities | 10/49 | €43,847 | €29,091 | -€14,756 | -33.7% |
| Equity | 10/15 | -€344,801 | -€363,717 | -€18,916 | -5.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€357,201 | -€376,117 | -€18,916 | -5.3% |
| Amounts payable | 17/49 | €388,648 | €392,808 | +€4,161 | +1.1% |
| Amounts payable within one year | 42/48 | €388,648 | €392,808 | +€4,161 | +1.1% |
| Trade debts | 44 | €2,336 | €765 | -€1,571 | -67.3% |
| Suppliers | 440/4 | €2,336 | €765 | -€1,571 | -67.3% |
| Other amounts payable | 47/48 | €386,312 | €392,043 | +€5,732 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,739 | €11,139 | -€3,600 | -24.4% |
| Other operating charges | 640/8 | €539 | €157 | -€383 | -71.0% |
| Gross operating margin | 9900 | -€13,086 | -€7,567 | +€5,519 | +42.2% |
| Operating profit (loss) | 9901 | -€28,364 | -€18,862 | +€9,502 | +33.5% |
| Financial charges | 65/66B | €75 | €54 | -€21 | -28.0% |
| Recurring financial charges | 65 | €75 | €54 | -€21 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,439 | -€18,916 | +€9,523 | +33.5% |
| Profit (loss) for the period | 9904 | -€28,439 | -€18,916 | +€9,523 | +33.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,439 | -€18,916 | +€9,523 | +33.5% |
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 18 October 2026 via checked.be.