DE KOPPELING: what changed
Two fiscal 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 KOPPELING
Largest movements
- Receivables within one year -€22,597
down €22,597 (-61.2%), from €36,895 to €14,297
of which Trade receivables: -€15,003
- Cash +€4,212
up €4,212 (+6.6%), from €64,259 to €68,471
mainly Net result for the year (+€84,008) and Other debts (+€29,331)
- Tangible fixed assets -€2,141
down €2,141 (-5.6%), from €38,517 to €36,376
- Profit (loss) carried forward -€51,422
down €51,422 (-60.2%), from €85,430 to €34,008
- Other debts +€29,331
up €29,331 (+115.5%), from €25,385 to €54,716
- Gross operating margin +€22,736
up €22,736 (+21.9%), from €103,847 to €126,583
- Taxes +€5,328
up €5,328 (+23.7%), from €22,444 to €27,773
- Depreciation +€1,584
up €1,584 (+13.6%), from €11,664 to €13,248
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 | €141,751 | €120,917 | -€20,834 | -14.7% |
| Fixed assets | 21/28 | €38,517 | €36,376 | -€2,141 | -5.6% |
| Tangible fixed assets | 22/27 | €38,517 | €36,376 | -€2,141 | -5.6% |
| Plant, machinery and equipment | 23 | €38,517 | €36,376 | -€2,141 | -5.6% |
| Current assets | 29/58 | €103,234 | €84,542 | -€18,692 | -18.1% |
| Amounts receivable within one year | 40/41 | €36,895 | €14,297 | -€22,597 | -61.2% |
| Trade receivables | 40 | €28,860 | €13,857 | -€15,003 | -52.0% |
| Other amounts receivable | 41 | €8,034 | €441 | -€7,594 | -94.5% |
| Cash at bank and in hand | 54/58 | €64,259 | €68,471 | +€4,212 | +6.6% |
| Deferred charges and accrued income | 490/1 | €2,080 | €1,773 | -€307 | -14.7% |
| Total equity and liabilities | 10/49 | €141,751 | €120,917 | -€20,834 | -14.7% |
| Equity | 10/15 | €105,430 | €54,008 | -€51,422 | -48.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,430 | €34,008 | -€51,422 | -60.2% |
| Amounts payable | 17/49 | €36,321 | €66,910 | +€30,588 | +84.2% |
| Amounts payable within one year | 42/48 | €36,321 | €66,910 | +€30,588 | +84.2% |
| Trade debts | 44 | €296 | €608 | +€312 | +105.4% |
| Suppliers | 440/4 | €296 | €608 | +€312 | +105.4% |
| Taxes, remuneration and social security | 45 | €10,641 | €11,586 | +€945 | +8.9% |
| Taxes | 450/3 | €10,641 | €11,586 | +€945 | +8.9% |
| Other amounts payable | 47/48 | €25,385 | €54,716 | +€29,331 | +115.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,664 | €13,248 | +€1,584 | +13.6% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €103,847 | €126,583 | +€22,736 | +21.9% |
| Operating profit (loss) | 9901 | €92,042 | €113,191 | +€21,149 | +23.0% |
| Financial income | 75/76B | €331 | €441 | +€110 | +33.3% |
| Recurring financial income | 75 | €331 | €441 | +€110 | +33.3% |
| Financial charges | 65/66B | €2,671 | €1,852 | -€819 | -30.7% |
| Recurring financial charges | 65 | €2,671 | €1,852 | -€819 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €89,702 | €111,780 | +€22,079 | +24.6% |
| Income taxes | 67/77 | €22,444 | €27,773 | +€5,328 | +23.7% |
| Profit (loss) for the period | 9904 | €67,257 | €84,008 | +€16,750 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,257 | €84,008 | +€16,750 | +24.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.