De Koning: 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 Koning
Largest movements
- Tangible fixed assets -€16,373
down €16,373 (-3.4%), from €478,445 to €462,072
of which Land and buildings: -€14,764
- Debts after one year -€21,893
down €21,893 (-7.0%), from €314,156 to €292,262
- Gross operating margin -€2,800
down €2,800 (-9.8%), from €28,715 to €25,915
- Financial charges -€416
down €416 (-7.5%), from €5,536 to €5,121
- Other operating charges -€295
down €295 (-8.3%), from €3,575 to €3,280
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 | €482,969 | €463,442 | -€19,528 | -4.0% |
| Fixed assets | 21/28 | €478,445 | €462,072 | -€16,373 | -3.4% |
| Tangible fixed assets | 22/27 | €478,445 | €462,072 | -€16,373 | -3.4% |
| Land and buildings | 22 | €476,360 | €461,595 | -€14,764 | -3.1% |
| Furniture and vehicles | 24 | €2,085 | €476 | -€1,609 | -77.2% |
| Current assets | 29/58 | €4,525 | €1,370 | -€3,154 | -69.7% |
| Cash at bank and in hand | 54/58 | €2,995 | €1,370 | -€1,624 | -54.2% |
| Deferred charges and accrued income | 490/1 | €1,530 | - | -€1,530 | |
| Total equity and liabilities | 10/49 | €482,969 | €463,442 | -€19,528 | -4.0% |
| Equity | 10/15 | €18,421 | €19,588 | +€1,167 | +6.3% |
| Contributions | 10/11 | €18,602 | €18,602 | = | 0.0% |
| Reserves | 13 | - | €986 | +€986 | |
| Distributable reserves | 133 | - | €986 | +€986 | |
| Profit (loss) carried forward | 14 | -€181 | - | +€181 | |
| Amounts payable | 17/49 | €464,549 | €443,854 | -€20,694 | -4.5% |
| Amounts payable after more than one year | 17 | €314,156 | €292,262 | -€21,893 | -7.0% |
| Financial debts | 170/4 | €314,156 | €292,262 | -€21,893 | -7.0% |
| Amounts payable within one year | 42/48 | €150,353 | €151,592 | +€1,239 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €21,562 | €21,893 | +€331 | +1.5% |
| Trade debts | 44 | €2,534 | €2,467 | -€67 | -2.7% |
| Suppliers | 440/4 | €2,534 | €2,467 | -€67 | -2.7% |
| Taxes, remuneration and social security | 45 | €25 | - | -€25 | |
| Taxes | 450/3 | €25 | - | -€25 | |
| Other amounts payable | 47/48 | €126,232 | €127,232 | +€1,000 | +0.8% |
| Accrued charges and deferred income | 492/3 | €40 | - | -€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,639 | €16,373 | -€266 | -1.6% |
| Other operating charges | 640/8 | €3,575 | €3,280 | -€295 | -8.3% |
| Gross operating margin | 9900 | €28,715 | €25,915 | -€2,800 | -9.8% |
| Operating profit (loss) | 9901 | €8,501 | €6,263 | -€2,238 | -26.3% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €5,536 | €5,121 | -€416 | -7.5% |
| Recurring financial charges | 65 | €5,536 | €5,121 | -€416 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €2,964 | €1,167 | -€1,798 | -60.6% |
| Profit (loss) for the period | 9904 | €2,964 | €1,167 | -€1,798 | -60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,964 | €1,167 | -€1,798 | -60.6% |
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 12 October 2026 via checked.be.