De Koopman: 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 Koopman
Largest movements
- Tangible fixed assets +€3.0m
up €3.0m (+127%), from €2.4m to €5.3m
of which Assets under construction and advance payments: +€3.0m
- Debts after one year +€3.1m
up €3.1m (+148%), from €2.1m to €5.2m
- Profit (loss) carried forward -€81,081
down €81,081 (-130%), from -€62,508 to -€143,590
- Financial charges +€29,836
up €29,836 (+78.5%), from €37,990 to €67,825
- Gross operating margin +€10,893
up €10,893 (+46.1%), from -€23,629 to -€12,736
- Other operating charges -€370
down €370 (-41.6%), from €890 to €520
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.
Derived cash bridge
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 | €2,361,810 | €5,358,705 | +€3.0m | +127% |
| Fixed assets | 21/28 | €2,354,183 | €5,339,562 | +€3.0m | +127% |
| Tangible fixed assets | 22/27 | €2,354,183 | €5,339,562 | +€3.0m | +127% |
| Land and buildings | 22 | €1,617,708 | €1,617,708 | = | 0.0% |
| Assets under construction and advance payments | 27 | €736,475 | €3,721,854 | +€3.0m | +405% |
| Current assets | 29/58 | €7,627 | €19,144 | +€11,517 | +151% |
| Amounts receivable within one year | 40/41 | €1,152 | €0 | -€1,152 | -100% |
| Other amounts receivable | 41 | €1,152 | €0 | -€1,152 | -100% |
| Cash at bank and in hand | 54/58 | €6,475 | €19,144 | +€12,669 | +196% |
| Total equity and liabilities | 10/49 | €2,361,810 | €5,358,705 | +€3.0m | +127% |
| Equity | 10/15 | €187,492 | €106,410 | -€81,081 | -43.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,508 | -€143,590 | -€81,081 | -130% |
| Amounts payable | 17/49 | €2,174,318 | €5,252,295 | +€3.1m | +142% |
| Amounts payable after more than one year | 17 | €2,120,858 | €5,249,595 | +€3.1m | +148% |
| Financial debts | 170/4 | €2,120,858 | €5,249,595 | +€3.1m | +148% |
| Amounts payable within one year | 42/48 | €53,460 | €2,700 | -€50,760 | -94.9% |
| Trade debts | 44 | €53,460 | €2,700 | -€50,760 | -94.9% |
| Suppliers | 440/4 | €53,460 | €2,700 | -€50,760 | -94.9% |
| Other operating charges | 640/8 | €890 | €520 | -€370 | -41.6% |
| Gross operating margin | 9900 | -€23,629 | -€12,736 | +€10,893 | +46.1% |
| Operating profit (loss) | 9901 | -€24,519 | -€13,256 | +€11,263 | +45.9% |
| Financial charges | 65/66B | €37,990 | €67,825 | +€29,836 | +78.5% |
| Recurring financial charges | 65 | €37,990 | €67,825 | +€29,836 | +78.5% |
| Profit (loss) for the period before taxes | 9903 | -€62,508 | -€81,081 | -€18,573 | -29.7% |
| Profit (loss) for the period | 9904 | -€62,508 | -€81,081 | -€18,573 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,508 | -€81,081 | -€18,573 | -29.7% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.