AC Koeling: 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.
AC Koeling
Largest movements
- Cash +€2,118
up €2,118 (+15.6%), from €13,603 to €15,721
mainly Net result for the year (+€8,468) and Tax, wage and social debts (+€2,668)
- Receivables within one year -€1,964
down €1,964 (-39.2%), from €5,015 to €3,051
- Tangible fixed assets -€1,850
down €1,850 (-48.4%), from €3,826 to €1,976
- Formation expenses -€344
down €344 (-53.8%), from €640 to €295
- Other debts -€12,562
down €12,562 (-67.3%), from €18,669 to €6,106
- Profit (loss) carried forward +€8,468
up €8,468 (+609.9%), from €1,388 to €9,856
- Tax, wage and social debts +€2,668
up €2,668 (+554.0%), from €482 to €3,150
- Trade debts -€566
down €566 (-45.4%), from €1,245 to €679
- Gross operating margin +€9,501
up €9,501 (+168.6%), from €5,637 to €15,138
- Taxes +€2,668
up €2,668 (+554.0%), from €482 to €3,150
- Financial charges -€707
down €707 (-50.4%), from €1,403 to €696
- Other operating charges +€382
up €382 (+154.3%), from €248 to €630
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.
Cash bridge derived
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 | €23,084 | €21,092 | -€1,992 | -8.6% |
| Formation expenses | 20 | €640 | €295 | -€344 | -53.8% |
| Fixed assets | 21/28 | €3,826 | €1,976 | -€1,850 | -48.4% |
| Tangible fixed assets | 22/27 | €3,826 | €1,976 | -€1,850 | -48.4% |
| Plant, machinery and equipment | 23 | €3,826 | €1,976 | -€1,850 | -48.4% |
| Current assets | 29/58 | €18,618 | €18,820 | +€202 | +1.1% |
| Amounts receivable within one year | 40/41 | €5,015 | €3,051 | -€1,964 | -39.2% |
| Other amounts receivable | 41 | €5,015 | €3,051 | -€1,964 | -39.2% |
| Cash at bank and in hand | 54/58 | €13,603 | €15,721 | +€2,118 | +15.6% |
| Deferred charges and accrued income | 490/1 | - | €48 | +€48 | |
| Total equity and liabilities | 10/49 | €23,084 | €21,092 | -€1,992 | -8.6% |
| Equity | 10/15 | €2,688 | €11,156 | +€8,468 | +315.0% |
| Contributions | 10/11 | €1,300 | €1,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,388 | €9,856 | +€8,468 | +609.9% |
| Amounts payable | 17/49 | €20,395 | €9,936 | -€10,460 | -51.3% |
| Amounts payable within one year | 42/48 | €20,395 | €9,936 | -€10,460 | -51.3% |
| Trade debts | 44 | €1,245 | €679 | -€566 | -45.4% |
| Suppliers | 440/4 | €1,245 | €679 | -€566 | -45.4% |
| Taxes, remuneration and social security | 45 | €482 | €3,150 | +€2,668 | +554.0% |
| Taxes | 450/3 | €482 | €3,150 | +€2,668 | +554.0% |
| Other amounts payable | 47/48 | €18,669 | €6,106 | -€12,562 | -67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,118 | €2,194 | +€77 | +3.6% |
| Other operating charges | 640/8 | €248 | €630 | +€382 | +154.3% |
| Gross operating margin | 9900 | €5,637 | €15,138 | +€9,501 | +168.6% |
| Operating profit (loss) | 9901 | €3,272 | €12,313 | +€9,042 | +276.4% |
| Financial income | 75/76B | €2 | €0 | -€1 | -84.8% |
| Recurring financial income | 75 | €2 | €0 | -€1 | -84.8% |
| Financial charges | 65/66B | €1,403 | €696 | -€707 | -50.4% |
| Recurring financial charges | 65 | €1,403 | €696 | -€707 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €1,870 | €11,618 | +€9,748 | +521.2% |
| Income taxes | 67/77 | €482 | €3,150 | +€2,668 | +554.0% |
| Profit (loss) for the period | 9904 | €1,388 | €8,468 | +€7,079 | +509.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,388 | €8,468 | +€7,079 | +509.9% |
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 10 October 2026 via checked.be.