DE KOER: 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.
DE KOER
Largest movements
- Cash -€7,289
down €7,289 (-18.4%), from €39,653 to €32,363
mainly Tax, wage and social debts (-€12,475) and Investment in fixed assets (net) (-€7,418)
- Tangible fixed assets -€5,884
down €5,884 (-19.6%), from €30,007 to €24,123
of which Plant, machinery and equipment: -€5,292
- Deferred charges and accrued income +€1,679
up €1,679 (+84.4%), from €1,990 to €3,669
- Tax, wage and social debts -€12,475
down €12,475 (-40.6%), from €30,737 to €18,262
of which Remuneration and social security: -€11,678
- Staff costs -€26,941
down €26,941 (-14.5%), from €185,986 to €159,044
- Financial income -€10,386
down €10,386 (-99.2%), from €10,466 to €80
- Gross operating margin -€10,058
down €10,058 (-5.4%), from €187,914 to €177,856
- Depreciation -€2,185
down €2,185 (-14.1%), from €15,488 to €13,303
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 | €87,594 | €76,759 | -€10,836 | -12.4% |
| Fixed assets | 21/28 | €30,619 | €24,735 | -€5,884 | -19.2% |
| Tangible fixed assets | 22/27 | €30,007 | €24,123 | -€5,884 | -19.6% |
| Land and buildings | 22 | €12,089 | €12,305 | +€217 | +1.8% |
| Plant, machinery and equipment | 23 | €15,246 | €9,954 | -€5,292 | -34.7% |
| Furniture and vehicles | 24 | €2,673 | €1,864 | -€809 | -30.3% |
| Financial fixed assets | 28 | €612 | €612 | = | 0.0% |
| Current assets | 29/58 | €56,975 | €52,024 | -€4,952 | -8.7% |
| Stocks and contracts in progress | 3 | €13,937 | €14,071 | +€134 | +1.0% |
| Stocks | 30/36 | €13,937 | €14,071 | +€134 | +1.0% |
| Amounts receivable within one year | 40/41 | €1,396 | €1,921 | +€525 | +37.6% |
| Trade receivables | 40 | €1,396 | €1,261 | -€135 | -9.7% |
| Other amounts receivable | 41 | - | €660 | +€660 | |
| Cash at bank and in hand | 54/58 | €39,653 | €32,363 | -€7,289 | -18.4% |
| Deferred charges and accrued income | 490/1 | €1,990 | €3,669 | +€1,679 | +84.4% |
| Total equity and liabilities | 10/49 | €87,594 | €76,759 | -€10,836 | -12.4% |
| Equity | 10/15 | -€2,359 | -€2,261 | +€99 | +4.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,359 | -€42,261 | +€99 | +0.2% |
| Amounts payable | 17/49 | €89,954 | €79,019 | -€10,934 | -12.2% |
| Amounts payable within one year | 42/48 | €84,705 | €73,026 | -€11,679 | -13.8% |
| Trade debts | 44 | €29,576 | €30,394 | +€818 | +2.8% |
| Suppliers | 440/4 | €29,576 | €30,394 | +€818 | +2.8% |
| Taxes, remuneration and social security | 45 | €30,737 | €18,262 | -€12,475 | -40.6% |
| Taxes | 450/3 | €6,550 | €5,753 | -€798 | -12.2% |
| Remuneration and social security | 454/9 | €24,187 | €12,509 | -€11,678 | -48.3% |
| Other amounts payable | 47/48 | €24,392 | €24,370 | -€22 | -0.1% |
| Accrued charges and deferred income | 492/3 | €5,249 | €5,994 | +€745 | +14.2% |
| Remuneration, social security and pensions | 62 | €185,986 | €159,044 | -€26,941 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,488 | €13,303 | -€2,185 | -14.1% |
| Other operating charges | 640/8 | €1,508 | €2,141 | +€633 | +42.0% |
| Gross operating margin | 9900 | €187,914 | €177,856 | -€10,058 | -5.4% |
| Operating profit (loss) | 9901 | -€15,068 | €3,368 | +€18,436 | |
| Financial income | 75/76B | €10,466 | €80 | -€10,386 | -99.2% |
| Recurring financial income | 75 | €10,466 | €80 | -€10,386 | -99.2% |
| Financial charges | 65/66B | €2,883 | €3,349 | +€467 | +16.2% |
| Recurring financial charges | 65 | €2,883 | €3,349 | +€467 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,484 | €99 | +€7,582 | |
| Profit (loss) for the period | 9904 | -€7,484 | €99 | +€7,582 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,484 | €99 | +€7,582 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.