D.V.C. 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.
D.V.C. Koeling
Largest movements
- Receivables within one year -€20,400
down €20,400 (-45.5%), from €44,818 to €24,418
of which Trade receivables: -€23,561
- Tangible fixed assets -€6,981
down €6,981 (-7.1%), from €97,809 to €90,828
- Cash +€5,707
up €5,707 (+13.8%), from €41,246 to €46,952
mainly Receivables within one year (+€20,400) and Depreciation (+€6,981)
- Deferred charges and accrued income +€2,060
new in 2025: €2,060
- Profit (loss) carried forward -€9,729
down €9,729 (-8.7%), from €112,063 to €102,334
- Debts after one year -€7,666
down €7,666 (-22.1%), from €34,735 to €27,069
- Tax, wage and social debts -€5,644
no longer reported in 2025 (was €5,644)
- Other debts +€3,308
up €3,308 (+23.4%), from €14,150 to €17,458
- Other operating charges +€27,332
up €27,332 (+1,285%), from €2,127 to €29,459
- Gross operating margin +€17,107
up €17,107 (+168%), from €10,188 to €27,295
- Taxes -€1,677
no longer reported in 2025 (was €1,677)
- Depreciation -€776
down €776 (-10.0%), from €7,757 to €6,981
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 | €183,873 | €164,259 | -€19,615 | -10.7% |
| Fixed assets | 21/28 | €97,809 | €90,828 | -€6,981 | -7.1% |
| Tangible fixed assets | 22/27 | €97,809 | €90,828 | -€6,981 | -7.1% |
| Land and buildings | 22 | €97,809 | €90,828 | -€6,981 | -7.1% |
| Current assets | 29/58 | €86,064 | €73,431 | -€12,634 | -14.7% |
| Amounts receivable within one year | 40/41 | €44,818 | €24,418 | -€20,400 | -45.5% |
| Trade receivables | 40 | €43,665 | €20,104 | -€23,561 | -54.0% |
| Other amounts receivable | 41 | €1,153 | €4,314 | +€3,161 | +274% |
| Cash at bank and in hand | 54/58 | €41,246 | €46,952 | +€5,707 | +13.8% |
| Deferred charges and accrued income | 490/1 | - | €2,060 | +€2,060 | |
| Total equity and liabilities | 10/49 | €183,873 | €164,259 | -€19,615 | -10.7% |
| Equity | 10/15 | €120,423 | €110,694 | -€9,729 | -8.1% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,063 | €102,334 | -€9,729 | -8.7% |
| Amounts payable | 17/49 | €63,450 | €53,565 | -€9,885 | -15.6% |
| Amounts payable after more than one year | 17 | €34,735 | €27,069 | -€7,666 | -22.1% |
| Financial debts | 170/4 | €34,735 | €27,069 | -€7,666 | -22.1% |
| Amounts payable within one year | 42/48 | €28,715 | €26,495 | -€2,219 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €8,177 | €8,299 | +€123 | +1.5% |
| Trade debts | 44 | €745 | €738 | -€7 | -0.9% |
| Suppliers | 440/4 | €745 | €738 | -€7 | -0.9% |
| Taxes, remuneration and social security | 45 | €5,644 | - | -€5,644 | |
| Taxes | 450/3 | €5,644 | - | -€5,644 | |
| Other amounts payable | 47/48 | €14,150 | €17,458 | +€3,308 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,757 | €6,981 | -€776 | -10.0% |
| Other operating charges | 640/8 | €2,127 | €29,459 | +€27,332 | +1,285% |
| Gross operating margin | 9900 | €10,188 | €27,295 | +€17,107 | +168% |
| Operating profit (loss) | 9901 | €304 | -€9,146 | -€9,449 | |
| Financial income | 75/76B | €182 | €270 | +€88 | +48.2% |
| Recurring financial income | 75 | €182 | €270 | +€88 | +48.2% |
| Financial charges | 65/66B | €895 | €854 | -€40 | -4.5% |
| Recurring financial charges | 65 | €895 | €854 | -€40 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€409 | -€9,729 | -€9,321 | -2,281% |
| Income taxes | 67/77 | €1,677 | - | -€1,677 | |
| Profit (loss) for the period | 9904 | -€2,086 | -€9,729 | -€7,644 | -366% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,086 | -€9,729 | -€7,644 | -366% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.