VERZEKERINGEN KERREMANS: 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.
VERZEKERINGEN KERREMANS
Largest movements
- Tangible fixed assets -€294,293
down €294,293 (-19.8%), from €1.5m to €1.2m
of which Assets under construction and advance payments: -€596,166
- Debts after one year -€458,080
down €458,080 (-51.1%), from €895,830 to €437,750
- Current portion of long-term debt +€103,152
new in 2025: €103,152
- Other debts +€21,393
up €21,393 (+34.5%), from €62,002 to €83,395
- Profit (loss) carried forward +€17,163
up €17,163 (+4.4%), from €391,608 to €408,771
- Gross operating margin -€53,282
down €53,282 (-24.3%), from €219,270 to €165,988
- Financial income +€48,452
up €48,452 (+15,479%), from €313 to €48,765
of which Non-recurring financial income: +€48,724
- Depreciation +€14,448
up €14,448 (+22.9%), from €63,170 to €77,618
- Taxes -€7,257
down €7,257 (-29.7%), from €24,471 to €17,214
- Financial charges -€5,630
down €5,630 (-18.2%), from €30,947 to €25,317
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 | €1,519,706 | €1,214,625 | -€305,081 | -20.1% |
| Fixed assets | 21/28 | €1,482,695 | €1,188,402 | -€294,293 | -19.8% |
| Tangible fixed assets | 22/27 | €1,482,695 | €1,188,402 | -€294,293 | -19.8% |
| Land and buildings | 22 | €486,976 | €293,012 | -€193,964 | -39.8% |
| Plant, machinery and equipment | 23 | €10,075 | €27,488 | +€17,413 | +173% |
| Furniture and vehicles | 24 | €149,621 | €153,812 | +€4,191 | +2.8% |
| Leasing and similar rights | 25 | €300 | - | -€300 | |
| Other tangible fixed assets | 26 | €239,557 | €714,090 | +€474,532 | +198% |
| Assets under construction and advance payments | 27 | €596,166 | - | -€596,166 | |
| Current assets | 29/58 | €37,010 | €26,222 | -€10,788 | -29.1% |
| Amounts receivable within one year | 40/41 | €20,413 | €8,965 | -€11,448 | -56.1% |
| Trade receivables | 40 | €8,718 | €1,865 | -€6,853 | -78.6% |
| Other amounts receivable | 41 | €11,695 | €7,101 | -€4,595 | -39.3% |
| Cash at bank and in hand | 54/58 | €9,244 | €15,664 | +€6,420 | +69.4% |
| Deferred charges and accrued income | 490/1 | €7,353 | €1,593 | -€5,760 | -78.3% |
| Total equity and liabilities | 10/49 | €1,519,706 | €1,214,625 | -€305,081 | -20.1% |
| Equity | 10/15 | €547,051 | €574,214 | +€27,163 | +5.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €136,893 | €146,893 | +€10,000 | +7.3% |
| Tax-exempt reserves | 132 | €36 | €36 | = | 0.0% |
| Distributable reserves | 133 | €136,857 | €146,857 | +€10,000 | +7.3% |
| Profit (loss) carried forward | 14 | €391,608 | €408,771 | +€17,163 | +4.4% |
| Amounts payable | 17/49 | €972,654 | €640,410 | -€332,244 | -34.2% |
| Amounts payable after more than one year | 17 | €895,830 | €437,750 | -€458,080 | -51.1% |
| Financial debts | 170/4 | €895,830 | €437,750 | -€458,080 | -51.1% |
| Amounts payable within one year | 42/48 | €76,825 | €201,375 | +€124,550 | +162% |
| Current portion of amounts payable after more than one year | 42 | - | €103,152 | +€103,152 | |
| Taxes, remuneration and social security | 45 | €14,823 | €14,828 | +€5 | 0.0% |
| Taxes | 450/3 | €10,371 | €875 | -€9,496 | -91.6% |
| Remuneration and social security | 454/9 | €4,452 | €13,952 | +€9,500 | +213% |
| Other amounts payable | 47/48 | €62,002 | €83,395 | +€21,393 | +34.5% |
| Accrued charges and deferred income | 492/3 | - | €1,285 | +€1,285 | |
| Remuneration, social security and pensions | 62 | €35,222 | €33,696 | -€1,526 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,170 | €77,618 | +€14,448 | +22.9% |
| Other operating charges | 640/8 | €5,603 | €8,745 | +€3,142 | +56.1% |
| Gross operating margin | 9900 | €219,270 | €165,988 | -€53,282 | -24.3% |
| Operating profit (loss) | 9901 | €115,274 | €45,929 | -€69,345 | -60.2% |
| Financial income | 75/76B | €313 | €48,765 | +€48,452 | +15,479% |
| Recurring financial income | 75 | €313 | €41 | -€272 | -86.8% |
| Non-recurring financial income | 76B | - | €48,724 | +€48,724 | |
| Financial charges | 65/66B | €30,947 | €25,317 | -€5,630 | -18.2% |
| Recurring financial charges | 65 | €30,947 | €25,317 | -€5,630 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €84,640 | €69,377 | -€15,263 | -18.0% |
| Income taxes | 67/77 | €24,471 | €17,214 | -€7,257 | -29.7% |
| Profit (loss) for the period | 9904 | €60,168 | €52,163 | -€8,005 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,168 | €52,163 | -€8,005 | -13.3% |
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 31 October 2026 via checked.be.