DE KOONING: 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 KOONING
Largest movements
- Receivables within one year +€74,565
up €74,565 (+53.8%), from €138,540 to €213,106
of which Trade receivables: +€68,768
- Cash -€55,151
down €55,151 (-31.2%), from €176,520 to €121,370
mainly Receivables within one year (-€74,565) and Contributions, distributions and other (-€50,000)
- Trade debts +€35,296
up €35,296 (+78.3%), from €45,051 to €80,347
- Reserves -€10,000
down €10,000 (-4.0%), from €250,853 to €240,853
of which Distributable reserves: -€10,000
- Other debts -€10,000
down €10,000 (-20.0%), from €50,000 to €40,000
- Profit (loss) carried forward +€4,775
up €4,775 (+12.6%), from €37,914 to €42,688
- Gross operating margin -€30,758
down €30,758 (-34.8%), from €88,444 to €57,686
- Taxes -€3,059
down €3,059 (-52.5%), from €5,823 to €2,764
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 | €418,244 | €436,553 | +€18,309 | +4.4% |
| Fixed assets | 21/28 | €77,314 | €74,914 | -€2,400 | -3.1% |
| Tangible fixed assets | 22/27 | €77,314 | €74,914 | -€2,400 | -3.1% |
| Land and buildings | 22 | €74,664 | €74,253 | -€412 | -0.6% |
| Plant, machinery and equipment | 23 | €2,436 | €661 | -€1,775 | -72.9% |
| Furniture and vehicles | 24 | €214 | €0 | -€214 | -100.0% |
| Current assets | 29/58 | €340,930 | €361,639 | +€20,709 | +6.1% |
| Stocks and contracts in progress | 3 | €23,587 | €24,821 | +€1,235 | +5.2% |
| Stocks | 30/36 | €23,587 | €24,821 | +€1,235 | +5.2% |
| Amounts receivable within one year | 40/41 | €138,540 | €213,106 | +€74,565 | +53.8% |
| Trade receivables | 40 | €23,107 | €91,875 | +€68,768 | +297.6% |
| Other amounts receivable | 41 | €115,434 | €121,231 | +€5,797 | +5.0% |
| Cash at bank and in hand | 54/58 | €176,520 | €121,370 | -€55,151 | -31.2% |
| Deferred charges and accrued income | 490/1 | €2,282 | €2,342 | +€60 | +2.6% |
| Total equity and liabilities | 10/49 | €418,244 | €436,553 | +€18,309 | +4.4% |
| Equity | 10/15 | €307,359 | €302,134 | -€5,225 | -1.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €250,853 | €240,853 | -€10,000 | -4.0% |
| Tax-exempt reserves | 132 | €33,512 | €33,512 | = | 0.0% |
| Distributable reserves | 133 | €217,341 | €207,341 | -€10,000 | -4.6% |
| Profit (loss) carried forward | 14 | €37,914 | €42,688 | +€4,775 | +12.6% |
| Provisions and deferred taxes | 16 | €11,370 | €12,667 | +€1,297 | +11.4% |
| Provisions for liabilities and charges | 160/5 | €11,370 | €12,667 | +€1,297 | +11.4% |
| Other liabilities and charges | 164/5 | €11,370 | €12,667 | +€1,297 | +11.4% |
| Amounts payable | 17/49 | €99,515 | €121,752 | +€22,237 | +22.3% |
| Amounts payable within one year | 42/48 | €99,515 | €121,752 | +€22,237 | +22.3% |
| Trade debts | 44 | €45,051 | €80,347 | +€35,296 | +78.3% |
| Suppliers | 440/4 | €45,051 | €80,347 | +€35,296 | +78.3% |
| Taxes, remuneration and social security | 45 | €4,464 | €1,405 | -€3,059 | -68.5% |
| Taxes | 450/3 | €4,464 | €1,405 | -€3,059 | -68.5% |
| Other amounts payable | 47/48 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Non-recurring operating income | 76A | €4,710 | €413 | -€4,296 | -91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,809 | €2,400 | -€409 | -14.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,535 | €1,297 | -€238 | -15.5% |
| Other operating charges | 640/8 | €6,750 | €6,669 | -€81 | -1.2% |
| Gross operating margin | 9900 | €88,444 | €57,686 | -€30,758 | -34.8% |
| Operating profit (loss) | 9901 | €77,349 | €47,320 | -€30,030 | -38.8% |
| Financial income | 75/76B | €748 | €1,518 | +€770 | +102.9% |
| Recurring financial income | 75 | €748 | €1,518 | +€770 | +102.9% |
| Financial charges | 65/66B | €1,109 | €1,299 | +€190 | +17.2% |
| Recurring financial charges | 65 | €1,109 | €1,299 | +€190 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €76,989 | €47,539 | -€29,450 | -38.3% |
| Income taxes | 67/77 | €5,823 | €2,764 | -€3,059 | -52.5% |
| Profit (loss) for the period | 9904 | €71,166 | €44,775 | -€26,391 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €71,166 | €44,775 | -€26,391 | -37.1% |
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 9 October 2026 via checked.be.