De kOpvoeter: 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 kOpvoeter
Largest movements
- Stocks and contracts +€16,182
up €16,182 (+28.2%), from €57,337 to €73,519
- Receivables within one year +€2,522
new in 2025: €2,522
- Tangible fixed assets -€1,866
down €1,866 (-19.3%), from €9,673 to €7,807
- Tax, wage and social debts +€16,161
up €16,161 (+359%), from €4,500 to €20,660
of which Remuneration and social security: +€15,250
- Other debts -€14,051
down €14,051 (-41.4%), from €33,898 to €19,847
- Profit (loss) carried forward +€8,648
up €8,648 (+1,400%), from €618 to €9,265
- Trade debts +€5,187
up €5,187 (+169%), from €3,061 to €8,248
- Gross operating margin +€8,676
up €8,676 (+95.2%), from €9,114 to €17,791
- Taxes +€2,628
up €2,628 (+11,976%), from €22 to €2,650
- Other operating charges -€1,519
down €1,519 (-34.6%), from €4,389 to €2,870
- Depreciation -€973
down €973 (-34.3%), from €2,839 to €1,866
- Financial income +€677
up €677 (+53.3%), from €1,269 to €1,946
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 | €122,076 | €138,299 | +€16,223 | +13.3% |
| Fixed assets | 21/28 | €15,073 | €13,207 | -€1,866 | -12.4% |
| Tangible fixed assets | 22/27 | €9,673 | €7,807 | -€1,866 | -19.3% |
| Furniture and vehicles | 24 | €9,673 | €7,807 | -€1,866 | -19.3% |
| Financial fixed assets | 28 | €5,400 | €5,400 | = | 0.0% |
| Current assets | 29/58 | €107,003 | €125,092 | +€18,089 | +16.9% |
| Stocks and contracts in progress | 3 | €57,337 | €73,519 | +€16,182 | +28.2% |
| Stocks | 30/36 | €57,337 | €73,519 | +€16,182 | +28.2% |
| Amounts receivable within one year | 40/41 | - | €2,522 | +€2,522 | |
| Trade receivables | 40 | - | €2,522 | +€2,522 | |
| Cash at bank and in hand | 54/58 | €49,227 | €48,599 | -€628 | -1.3% |
| Deferred charges and accrued income | 490/1 | €439 | €452 | +€13 | +2.9% |
| Total equity and liabilities | 10/49 | €122,076 | €138,299 | +€16,223 | +13.3% |
| Equity | 10/15 | €5,618 | €14,265 | +€8,648 | +154% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €618 | €9,265 | +€8,648 | +1,400% |
| Amounts payable | 17/49 | €116,458 | €124,034 | +€7,576 | +6.5% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,458 | €49,034 | +€7,576 | +18.3% |
| Financial debts | 43 | - | €278 | +€278 | |
| Other loans | 439 | - | €278 | +€278 | |
| Trade debts | 44 | €3,061 | €8,248 | +€5,187 | +169% |
| Suppliers | 440/4 | €3,061 | €8,248 | +€5,187 | +169% |
| Taxes, remuneration and social security | 45 | €4,500 | €20,660 | +€16,161 | +359% |
| Taxes | 450/3 | €4,500 | €5,410 | +€911 | +20.2% |
| Remuneration and social security | 454/9 | - | €15,250 | +€15,250 | |
| Other amounts payable | 47/48 | €33,898 | €19,847 | -€14,051 | -41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,839 | €1,866 | -€973 | -34.3% |
| Other operating charges | 640/8 | €4,389 | €2,870 | -€1,519 | -34.6% |
| Gross operating margin | 9900 | €9,114 | €17,791 | +€8,676 | +95.2% |
| Operating profit (loss) | 9901 | €1,886 | €13,054 | +€11,168 | +592% |
| Financial income | 75/76B | €1,269 | €1,946 | +€677 | +53.3% |
| Recurring financial income | 75 | €1,269 | €1,946 | +€677 | +53.3% |
| Financial charges | 65/66B | €2,516 | €2,903 | +€387 | +15.4% |
| Recurring financial charges | 65 | €2,516 | €2,903 | +€387 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €639 | €12,097 | +€11,458 | +1,792% |
| Income taxes | 67/77 | €22 | €2,650 | +€2,628 | +11,976% |
| Profit (loss) for the period | 9904 | €618 | €9,448 | +€8,830 | +1,430% |
| Profit (loss) for the period to be appropriated | 9905 | €618 | €9,448 | +€8,830 | +1,430% |
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 15 October 2026 via checked.be.