ALEXANDER VANCLOOSTER 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.
ALEXANDER VANCLOOSTER KOELING
Largest movements
- Current investments +€38,582
new in 2025: €38,582
- Cash -€27,495
down €27,495 (-44.3%), from €62,130 to €34,635
mainly Other debts (-€75,117) and Current investments (-€38,582)
- Tangible fixed assets -€16,456
down €16,456 (-4.4%), from €372,026 to €355,570
of which Land and buildings: -€13,460
- Stocks and contracts +€13,418
up €13,418 (+274%), from €4,890 to €18,308
of which Contracts in progress: +€11,420
- Receivables within one year +€4,997
up €4,997 (+11.5%), from €43,517 to €48,514
of which Trade receivables: +€10,324
- Other debts -€75,117
down €75,117 (-85.9%), from €87,480 to €12,363
- Debts after one year +€62,484
up €62,484 (+22.4%), from €279,232 to €341,716
of which Other amounts payable: +€80,000
- Reserves +€24,986
up €24,986 (+27.3%), from €91,561 to €116,547
- Gross operating margin +€19,896
up €19,896 (+35.8%), from €55,560 to €75,456
- Taxes +€7,071
up €7,071 (+253%), from €2,796 to €9,868
- Depreciation +€3,863
up €3,863 (+18.7%), from €20,625 to €24,488
- Financial income -€3,373
down €3,373 (-73.0%), from €4,618 to €1,245
- Financial charges +€2,000
up €2,000 (+14.8%), from €13,512 to €15,513
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 | €484,969 | €498,275 | +€13,306 | +2.7% |
| Fixed assets | 21/28 | €372,026 | €355,570 | -€16,456 | -4.4% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -15.8% |
| Tangible fixed assets | 22/27 | €372,026 | €355,570 | -€16,456 | -4.4% |
| Land and buildings | 22 | €344,480 | €331,020 | -€13,460 | -3.9% |
| Plant, machinery and equipment | 23 | €7,523 | €6,775 | -€747 | -9.9% |
| Furniture and vehicles | 24 | €20,023 | €17,774 | -€2,249 | -11.2% |
| Current assets | 29/58 | €112,943 | €142,705 | +€29,762 | +26.4% |
| Stocks and contracts in progress | 3 | €4,890 | €18,308 | +€13,418 | +274% |
| Stocks | 30/36 | €4,890 | €6,888 | +€1,998 | +40.9% |
| Contracts in progress | 37 | €0 | €11,420 | +€11,420 | |
| Amounts receivable within one year | 40/41 | €43,517 | €48,514 | +€4,997 | +11.5% |
| Trade receivables | 40 | €31,820 | €42,144 | +€10,324 | +32.4% |
| Other amounts receivable | 41 | €11,697 | €6,370 | -€5,327 | -45.5% |
| Current investments | 50/53 | - | €38,582 | +€38,582 | |
| Cash at bank and in hand | 54/58 | €62,130 | €34,635 | -€27,495 | -44.3% |
| Deferred charges and accrued income | 490/1 | €2,406 | €2,666 | +€261 | +10.8% |
| Total equity and liabilities | 10/49 | €484,969 | €498,275 | +€13,306 | +2.7% |
| Equity | 10/15 | €96,561 | €121,547 | +€24,986 | +25.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €91,561 | €116,547 | +€24,986 | +27.3% |
| Distributable reserves | 133 | €91,561 | €116,547 | +€24,986 | +27.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €388,408 | €376,728 | -€11,680 | -3.0% |
| Amounts payable after more than one year | 17 | €279,232 | €341,716 | +€62,484 | +22.4% |
| Financial debts | 170/4 | €279,232 | €261,716 | -€17,516 | -6.3% |
| Other amounts payable | 178/9 | - | €80,000 | +€80,000 | |
| Amounts payable within one year | 42/48 | €109,159 | €35,012 | -€74,147 | -67.9% |
| Current portion of amounts payable after more than one year | 42 | €16,992 | €17,516 | +€524 | +3.1% |
| Trade debts | 44 | €4,237 | €4,951 | +€714 | +16.9% |
| Suppliers | 440/4 | €4,237 | €4,951 | +€714 | +16.9% |
| Taxes, remuneration and social security | 45 | €451 | €182 | -€268 | -59.5% |
| Taxes | 450/3 | €451 | €182 | -€268 | -59.5% |
| Other amounts payable | 47/48 | €87,480 | €12,363 | -€75,117 | -85.9% |
| Accrued charges and deferred income | 492/3 | €16 | €0 | -€16 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,625 | €24,488 | +€3,863 | +18.7% |
| Other operating charges | 640/8 | €1,495 | €1,014 | -€482 | -32.2% |
| Gross operating margin | 9900 | €55,560 | €75,456 | +€19,896 | +35.8% |
| Operating profit (loss) | 9901 | €33,440 | €49,954 | +€16,514 | +49.4% |
| Financial income | 75/76B | €4,618 | €1,245 | -€3,373 | -73.0% |
| Recurring financial income | 75 | €4,618 | €1,245 | -€3,373 | -73.0% |
| Financial charges | 65/66B | €13,512 | €15,513 | +€2,000 | +14.8% |
| Recurring financial charges | 65 | €13,512 | €15,513 | +€2,000 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €24,546 | €35,687 | +€11,141 | +45.4% |
| Income taxes | 67/77 | €2,796 | €9,868 | +€7,071 | +253% |
| Profit (loss) for the period | 9904 | €21,749 | €25,819 | +€4,070 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,749 | €25,819 | +€4,070 | +18.7% |
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.