DE KOUTER M.S.: 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 KOUTER M.S.
Largest movements
- Tangible fixed assets +€6,117
up €6,117 (+39.2%), from €15,604 to €21,721
of which Furniture and vehicles: +€8,265
- Receivables within one year +€3,335
up €3,335 (+7.5%), from €44,636 to €47,970
- Cash -€2,039
down €2,039 (-11.8%), from €17,342 to €15,303
mainly Investment in fixed assets (net) (-€8,500) and Receivables within one year (-€3,335)
- Trade debts +€6,425
up €6,425 (+228%), from €2,817 to €9,242
- Profit (loss) carried forward +€2,312
up €2,312 (+5.2%), from €44,798 to €47,110
- Tax, wage and social debts -€1,180
down €1,180 (-25.1%), from €4,697 to €3,517
of which Remuneration and social security: -€1,451
- Financial income -€3,242
down €3,242 (-69.2%), from €4,686 to €1,444
- Other operating charges -€2,447
down €2,447 (-90.2%), from €2,712 to €265
- Staff costs +€1,551
up €1,551 (+2.0%), from €78,245 to €79,796
- Gross operating margin -€1,133
down €1,133 (-1.3%), from €84,662 to €83,529
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 | €77,768 | €85,325 | +€7,557 | +9.7% |
| Fixed assets | 21/28 | €15,604 | €21,721 | +€6,117 | +39.2% |
| Tangible fixed assets | 22/27 | €15,604 | €21,721 | +€6,117 | +39.2% |
| Land and buildings | 22 | €14,962 | €12,926 | -€2,035 | -13.6% |
| Plant, machinery and equipment | 23 | €285 | €172 | -€113 | -39.6% |
| Furniture and vehicles | 24 | €357 | €8,623 | +€8,265 | +2,312% |
| Current assets | 29/58 | €62,164 | €63,604 | +€1,440 | +2.3% |
| Stocks and contracts in progress | 3 | €187 | €331 | +€144 | +77.2% |
| Stocks | 30/36 | €187 | €331 | +€144 | +77.2% |
| Amounts receivable within one year | 40/41 | €44,636 | €47,970 | +€3,335 | +7.5% |
| Other amounts receivable | 41 | €44,636 | €47,970 | +€3,335 | +7.5% |
| Cash at bank and in hand | 54/58 | €17,342 | €15,303 | -€2,039 | -11.8% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €77,768 | €85,325 | +€7,557 | +9.7% |
| Equity | 10/15 | €70,254 | €72,566 | +€2,312 | +3.3% |
| Contributions | 10/11 | €25,456 | €25,456 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,798 | €47,110 | +€2,312 | +5.2% |
| Amounts payable | 17/49 | €7,514 | €12,759 | +€5,245 | +69.8% |
| Amounts payable within one year | 42/48 | €7,514 | €12,759 | +€5,245 | +69.8% |
| Trade debts | 44 | €2,817 | €9,242 | +€6,425 | +228% |
| Suppliers | 440/4 | €2,817 | €9,242 | +€6,425 | +228% |
| Taxes, remuneration and social security | 45 | €4,697 | €3,517 | -€1,180 | -25.1% |
| Taxes | 450/3 | €43 | €314 | +€272 | +633% |
| Remuneration and social security | 454/9 | €4,654 | €3,203 | -€1,451 | -31.2% |
| Non-recurring operating income | 76A | - | €50 | +€50 | |
| Remuneration, social security and pensions | 62 | €78,245 | €79,796 | +€1,551 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,559 | €2,383 | -€176 | -6.9% |
| Other operating charges | 640/8 | €2,712 | €265 | -€2,447 | -90.2% |
| Gross operating margin | 9900 | €84,662 | €83,529 | -€1,133 | -1.3% |
| Operating profit (loss) | 9901 | €1,146 | €1,085 | -€61 | -5.3% |
| Financial income | 75/76B | €4,686 | €1,444 | -€3,242 | -69.2% |
| Recurring financial income | 75 | €4,686 | €1,444 | -€3,242 | -69.2% |
| Financial charges | 65/66B | €67 | €77 | +€11 | +16.2% |
| Recurring financial charges | 65 | €67 | €77 | +€11 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €5,765 | €2,452 | -€3,313 | -57.5% |
| Income taxes | 67/77 | -€133 | €140 | +€273 | |
| Profit (loss) for the period | 9904 | €5,898 | €2,312 | -€3,586 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,898 | €2,312 | -€3,586 | -60.8% |
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 22 October 2026 via checked.be.