DE KOOPVAARDIJ: 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 KOOPVAARDIJ
Largest movements
- Receivables within one year -€78,735
down €78,735 (-54.0%), from €145,864 to €67,129
of which Other amounts receivable: -€78,837
- Tangible fixed assets -€12,607
down €12,607 (-50.2%), from €25,088 to €12,482
of which Furniture and vehicles: -€12,410
- Cash -€7,797
down €7,797 (-71.1%), from €10,964 to €3,167
mainly Contributions, distributions and other (-€90,000) and Net result for the year (-€8,164)
- Contributions -€90,000
down €90,000 (-90.0%), from €100,000 to €10,000
- Profit (loss) carried forward -€8,164
new in 2025: -€8,164
- Tax, wage and social debts -€4,918
down €4,918 (-26.3%), from €18,716 to €13,798
of which Taxes: -€6,906
- Current portion of long-term debt +€2,464
up €2,464 (+19.7%), from €12,536 to €15,000
- Gross operating margin -€35,336
down €35,336 (-88.2%), from €40,045 to €4,709
- Taxes -€14,075
down €14,075 (-87.6%), from €16,065 to €1,990
- Financial income -€2,782
down €2,782 (-43.6%), from €6,380 to €3,598
- Other operating charges -€413
down €413 (-23.1%), from €1,793 to €1,380
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 | €189,148 | €89,176 | -€99,972 | -52.9% |
| Fixed assets | 21/28 | €25,088 | €12,482 | -€12,607 | -50.2% |
| Tangible fixed assets | 22/27 | €25,088 | €12,482 | -€12,607 | -50.2% |
| Plant, machinery and equipment | 23 | €1,348 | €1,152 | -€197 | -14.6% |
| Furniture and vehicles | 24 | €23,740 | €11,330 | -€12,410 | -52.3% |
| Current assets | 29/58 | €164,060 | €76,694 | -€87,366 | -53.3% |
| Stocks and contracts in progress | 3 | €1,729 | €1,729 | = | 0.0% |
| Stocks | 30/36 | €1,729 | €1,729 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €145,864 | €67,129 | -€78,735 | -54.0% |
| Trade receivables | 40 | €17,204 | €17,306 | +€102 | +0.6% |
| Other amounts receivable | 41 | €128,659 | €49,823 | -€78,837 | -61.3% |
| Cash at bank and in hand | 54/58 | €10,964 | €3,167 | -€7,797 | -71.1% |
| Deferred charges and accrued income | 490/1 | €5,503 | €4,670 | -€834 | -15.1% |
| Total equity and liabilities | 10/49 | €189,148 | €89,176 | -€99,972 | -52.9% |
| Equity | 10/15 | €153,185 | €55,022 | -€98,164 | -64.1% |
| Contributions | 10/11 | €100,000 | €10,000 | -€90,000 | -90.0% |
| Reserves | 13 | €53,185 | €53,185 | = | 0.0% |
| Distributable reserves | 133 | €53,185 | €53,185 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,164 | -€8,164 | |
| Amounts payable | 17/49 | €35,963 | €34,154 | -€1,809 | -5.0% |
| Amounts payable within one year | 42/48 | €35,880 | €33,979 | -€1,901 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €12,536 | €15,000 | +€2,464 | +19.7% |
| Trade debts | 44 | €4,628 | €5,181 | +€553 | +12.0% |
| Suppliers | 440/4 | €4,628 | €5,181 | +€553 | +12.0% |
| Taxes, remuneration and social security | 45 | €18,716 | €13,798 | -€4,918 | -26.3% |
| Taxes | 450/3 | €14,175 | €7,268 | -€6,906 | -48.7% |
| Remuneration and social security | 454/9 | €4,541 | €6,530 | +€1,988 | +43.8% |
| Accrued charges and deferred income | 492/3 | €83 | €175 | +€92 | +111% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,687 | €12,607 | -€80 | -0.6% |
| Other operating charges | 640/8 | €1,793 | €1,380 | -€413 | -23.1% |
| Gross operating margin | 9900 | €40,045 | €4,709 | -€35,336 | -88.2% |
| Operating profit (loss) | 9901 | €25,565 | -€9,278 | -€34,843 | |
| Financial income | 75/76B | €6,380 | €3,598 | -€2,782 | -43.6% |
| Recurring financial income | 75 | €6,380 | €3,598 | -€2,782 | -43.6% |
| Financial charges | 65/66B | €488 | €494 | +€6 | +1.2% |
| Recurring financial charges | 65 | €488 | €494 | +€6 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €31,457 | -€6,174 | -€37,631 | |
| Income taxes | 67/77 | €16,065 | €1,990 | -€14,075 | -87.6% |
| Profit (loss) for the period | 9904 | €15,393 | -€8,164 | -€23,556 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,393 | -€8,164 | -€23,556 |
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 21 October 2026 via checked.be.