SRL KASRIEL-VERTESSEN: 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.
SRL KASRIEL-VERTESSEN
Largest movements
- Cash -€14,581
down €14,581 (-24.1%), from €60,561 to €45,980
mainly Debts after one year (-€13,724) and Short-term financial debts (-€9,995)
- Tangible fixed assets -€11,160
down €11,160 (-20.7%), from €54,025 to €42,865
of which Furniture and vehicles: -€9,643
- Debts after one year -€13,724
down €13,724 (-54.6%), from €25,128 to €11,404
- Short-term financial debts -€9,995
no longer reported in 2025 (was €9,995)
- Tax, wage and social debts -€5,925
down €5,925 (-38.7%), from €15,303 to €9,378
of which Remuneration and social security: -€6,197
- Profit (loss) carried forward +€5,701
up €5,701, from -€3,627 to €2,074
- Current portion of long-term debt -€3,105
down €3,105 (-10.9%), from €28,569 to €25,464
- Depreciation -€7,950
down €7,950 (-36.4%), from €21,817 to €13,867
- Taxes +€2,132
up €2,132 (+122%), from €1,748 to €3,880
- Gross operating margin +€1,914
up €1,914 (+6.7%), from €28,436 to €30,350
- Other operating charges +€1,494
up €1,494 (+54.2%), from €2,753 to €4,247
- Financial charges -€616
down €616 (-18.1%), from €3,405 to €2,788
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 | €116,660 | €91,517 | -€25,143 | -21.6% |
| Fixed assets | 21/28 | €54,025 | €42,865 | -€11,160 | -20.7% |
| Tangible fixed assets | 22/27 | €54,025 | €42,865 | -€11,160 | -20.7% |
| Land and buildings | 22 | €24,354 | €24,354 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,060 | €3,543 | -€1,517 | -30.0% |
| Furniture and vehicles | 24 | €24,611 | €14,968 | -€9,643 | -39.2% |
| Current assets | 29/58 | €62,635 | €48,652 | -€13,983 | -22.3% |
| Cash at bank and in hand | 54/58 | €60,561 | €45,980 | -€14,581 | -24.1% |
| Deferred charges and accrued income | 490/1 | €2,074 | €2,671 | +€598 | +28.8% |
| Total equity and liabilities | 10/49 | €116,660 | €91,517 | -€25,143 | -21.6% |
| Equity | 10/15 | €30,125 | €35,826 | +€5,701 | +18.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €15,160 | €15,160 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,300 | €13,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,627 | €2,074 | +€5,701 | |
| Amounts payable | 17/49 | €86,535 | €55,691 | -€30,844 | -35.6% |
| Amounts payable after more than one year | 17 | €25,128 | €11,404 | -€13,724 | -54.6% |
| Financial debts | 170/4 | €25,128 | €11,404 | -€13,724 | -54.6% |
| Amounts payable within one year | 42/48 | €61,407 | €44,287 | -€17,120 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €28,569 | €25,464 | -€3,105 | -10.9% |
| Financial debts | 43 | €9,995 | - | -€9,995 | |
| Credit institutions | 430/8 | €9,995 | - | -€9,995 | |
| Trade debts | 44 | €2,553 | €4,627 | +€2,074 | +81.3% |
| Suppliers | 440/4 | €2,553 | €4,627 | +€2,074 | +81.3% |
| Taxes, remuneration and social security | 45 | €15,303 | €9,378 | -€5,925 | -38.7% |
| Taxes | 450/3 | €6,106 | €6,378 | +€272 | +4.4% |
| Remuneration and social security | 454/9 | €9,197 | €3,000 | -€6,197 | -67.4% |
| Other amounts payable | 47/48 | €4,987 | €4,819 | -€168 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,817 | €13,867 | -€7,950 | -36.4% |
| Other operating charges | 640/8 | €2,753 | €4,247 | +€1,494 | +54.2% |
| Gross operating margin | 9900 | €28,436 | €30,350 | +€1,914 | +6.7% |
| Operating profit (loss) | 9901 | €3,866 | €12,236 | +€8,370 | +216% |
| Financial income | 75/76B | €451 | €133 | -€319 | -70.6% |
| Recurring financial income | 75 | €451 | €133 | -€319 | -70.6% |
| Financial charges | 65/66B | €3,405 | €2,788 | -€616 | -18.1% |
| Recurring financial charges | 65 | €3,405 | €2,788 | -€616 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €913 | €9,581 | +€8,668 | +949% |
| Income taxes | 67/77 | €1,748 | €3,880 | +€2,132 | +122% |
| Profit (loss) for the period | 9904 | -€835 | €5,701 | +€6,536 | |
| Profit (loss) for the period to be appropriated | 9905 | -€835 | €5,701 | +€6,536 |
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 20 October 2026 via checked.be.