DE KOEPEL: what changed
Two fiscal 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.
DE KOEPEL
Largest movements
- Cash -€7,227
down €7,227 (-22.9%), from €31,506 to €24,279
mainly Debts after one year (-€32,289) and Other debts (-€21,747)
- Debts after one year -€32,289
down €32,289 (-14.9%), from €217,163 to €184,875
of which Financial debts: -€32,289
- Profit (loss) carried forward +€30,350
up €30,350, from -€30,350 to €0
- Other debts -€21,747
down €21,747 (-8.1%), from €268,418 to €246,671
- Reserves +€9,902
up €9,902 (+4529.3%), from €219 to €10,121
of which Distributable reserves: +€9,902
- Gross operating margin +€7,639
up €7,639 (+11.5%), from €66,337 to €73,976
- Taxes +€1,367
new in 2025: €1,367
- Financial charges -€831
down €831 (-10.5%), from €7,943 to €7,111
- Other operating charges +€740
up €740 (+29.2%), from €2,533 to €3,273
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 | €697,243 | €685,911 | -€11,331 | -1.6% |
| Fixed assets | 21/28 | €577,737 | €573,632 | -€4,104 | -0.7% |
| Tangible fixed assets | 22/27 | €577,737 | €573,632 | -€4,104 | -0.7% |
| Land and buildings | 22 | €577,737 | €573,632 | -€4,104 | -0.7% |
| Current assets | 29/58 | €119,506 | €112,279 | -€7,227 | -6.0% |
| Amounts receivable within one year | 40/41 | €88,000 | €88,000 | = | 0.0% |
| Trade receivables | 40 | €88,000 | €88,000 | = | 0.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €31,506 | €24,279 | -€7,227 | -22.9% |
| Total equity and liabilities | 10/49 | €697,243 | €685,911 | -€11,331 | -1.6% |
| Equity | 10/15 | €179,869 | €220,121 | +€40,252 | +22.4% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Reserves | 13 | €219 | €10,121 | +€9,902 | +4529.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €219 | €10,121 | +€9,902 | +4529.3% |
| Profit (loss) carried forward | 14 | -€30,350 | €0 | +€30,350 | |
| Amounts payable | 17/49 | €517,374 | €465,790 | -€51,583 | -10.0% |
| Amounts payable after more than one year | 17 | €217,163 | €184,875 | -€32,289 | -14.9% |
| Financial debts | 170/4 | €99,163 | €66,875 | -€32,289 | -32.6% |
| Other amounts payable | 178/9 | €118,000 | €118,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €300,210 | €280,916 | -€19,294 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €31,405 | €32,289 | +€884 | +2.8% |
| Trade debts | 44 | €387 | €589 | +€202 | +52.0% |
| Suppliers | 440/4 | €387 | €589 | +€202 | +52.0% |
| Taxes, remuneration and social security | 45 | - | €1,367 | +€1,367 | |
| Taxes | 450/3 | - | €1,367 | +€1,367 | |
| Other amounts payable | 47/48 | €268,418 | €246,671 | -€21,747 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,716 | €21,973 | +€257 | +1.2% |
| Other operating charges | 640/8 | €2,533 | €3,273 | +€740 | +29.2% |
| Gross operating margin | 9900 | €66,337 | €73,976 | +€7,639 | +11.5% |
| Operating profit (loss) | 9901 | €42,089 | €48,730 | +€6,642 | +15.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -83.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -83.3% |
| Financial charges | 65/66B | €7,943 | €7,111 | -€831 | -10.5% |
| Recurring financial charges | 65 | €7,943 | €7,111 | -€831 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €34,146 | €41,619 | +€7,473 | +21.9% |
| Income taxes | 67/77 | - | €1,367 | +€1,367 | |
| Profit (loss) for the period | 9904 | €34,146 | €40,252 | +€6,106 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,146 | €40,252 | +€6,106 | +17.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.