DE KOOLAARD: 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 KOOLAARD
Largest movements
- Receivables within one year +€90,994
up €90,994 (+11.0%), from €829,762 to €920,756
of which Other amounts receivable: +€70,282
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€24,423
up €24,423 (+30.1%), from €81,153 to €105,576
- Taxes +€9,122
up €9,122 (+63.4%), from €14,380 to €23,502
- Depreciation -€1,659
down €1,659 (-6.7%), from €24,604 to €22,945
- Financial income +€1,237
up €1,237 (+8.0%), from €15,496 to €16,733
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,458,471 | €5,521,797 | +€63,326 | +1.2% |
| Fixed assets | 21/28 | €4,614,569 | €4,591,624 | -€22,945 | -0.5% |
| Tangible fixed assets | 22/27 | €4,614,569 | €4,591,624 | -€22,945 | -0.5% |
| Land and buildings | 22 | €4,609,439 | €4,587,245 | -€22,193 | -0.5% |
| Furniture and vehicles | 24 | €5,130 | €4,378 | -€752 | -14.7% |
| Current assets | 29/58 | €843,903 | €930,173 | +€86,271 | +10.2% |
| Amounts receivable within one year | 40/41 | €829,762 | €920,756 | +€90,994 | +11.0% |
| Trade receivables | 40 | €37,420 | €58,131 | +€20,712 | +55.3% |
| Other amounts receivable | 41 | €792,343 | €862,625 | +€70,282 | +8.9% |
| Cash at bank and in hand | 54/58 | €8,366 | €3,737 | -€4,629 | -55.3% |
| Deferred charges and accrued income | 490/1 | €5,775 | €5,680 | -€94 | -1.6% |
| Total equity and liabilities | 10/49 | €5,458,471 | €5,521,797 | +€63,326 | +1.2% |
| Equity | 10/15 | €5,261,124 | €5,309,806 | +€48,682 | +0.9% |
| Contributions | 10/11 | €1,262,000 | €1,262,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,937,094 | €2,937,094 | = | 0.0% |
| Reserves | 13 | €1,062,029 | €1,110,712 | +€48,682 | +4.6% |
| Tax-exempt reserves | 132 | €892 | €892 | = | 0.0% |
| Distributable reserves | 133 | €1,061,137 | €1,109,819 | +€48,682 | +4.6% |
| Amounts payable | 17/49 | €197,348 | €211,991 | +€14,644 | +7.4% |
| Amounts payable after more than one year | 17 | €162,623 | €139,370 | -€23,253 | -14.3% |
| Financial debts | 170/4 | €162,623 | €139,370 | -€23,253 | -14.3% |
| Amounts payable within one year | 42/48 | €34,725 | €72,392 | +€37,667 | +108.5% |
| Current portion of amounts payable after more than one year | 42 | €22,868 | €25,174 | +€2,306 | +10.1% |
| Trade debts | 44 | €1,318 | €30,704 | +€29,386 | +2230.0% |
| Suppliers | 440/4 | €1,318 | €30,704 | +€29,386 | +2230.0% |
| Taxes, remuneration and social security | 45 | €10,539 | €16,515 | +€5,976 | +56.7% |
| Taxes | 450/3 | €10,539 | €16,515 | +€5,976 | +56.7% |
| Accrued charges and deferred income | 492/3 | €0 | €229 | +€229 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,604 | €22,945 | -€1,659 | -6.7% |
| Other operating charges | 640/8 | €23,171 | €23,866 | +€695 | +3.0% |
| Gross operating margin | 9900 | €81,153 | €105,576 | +€24,423 | +30.1% |
| Operating profit (loss) | 9901 | €33,378 | €58,765 | +€25,387 | +76.1% |
| Financial income | 75/76B | €15,496 | €16,733 | +€1,237 | +8.0% |
| Recurring financial income | 75 | €15,496 | €16,733 | +€1,237 | +8.0% |
| Financial charges | 65/66B | €3,723 | €3,313 | -€410 | -11.0% |
| Recurring financial charges | 65 | €3,723 | €3,313 | -€410 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €45,150 | €72,185 | +€27,034 | +59.9% |
| Income taxes | 67/77 | €14,380 | €23,502 | +€9,122 | +63.4% |
| Profit (loss) for the period | 9904 | €30,770 | €48,682 | +€17,912 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,770 | €48,682 | +€17,912 | +58.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.