DONCKERS KOEN: 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.
DONCKERS KOEN
Largest movements
- Financial fixed assets +€178,571
new in 2025: €178,571
- Current investments -€59,611
down €59,611 (-100%), from €59,611 to €0
- Tangible fixed assets -€54,735
down €54,735 (-36.7%), from €149,161 to €94,425
of which Furniture and vehicles: -€63,508
- Cash -€50,225
down €50,225 (-89.3%), from €56,252 to €6,027
mainly Investment in fixed assets (net) (-€150,002) and Receivables within one year (-€7,089)
- Receivables within one year +€7,089
up €7,089 (+446%), from €1,590 to €8,678
- Reserves +€24,384
up €24,384 (+10.2%), from €240,074 to €264,457
- Gross operating margin -€16,718
down €16,718 (-23.2%), from €72,182 to €55,464
- Taxes -€6,906
down €6,906 (-51.5%), from €13,417 to €6,512
- Financial income +€5,174
up €5,174 (+59.9%), from €8,640 to €13,814
- Depreciation -€4,592
down €4,592 (-14.9%), from €30,758 to €26,166
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 | €268,279 | €295,824 | +€27,545 | +10.3% |
| Fixed assets | 21/28 | €149,161 | €272,997 | +€123,836 | +83.0% |
| Tangible fixed assets | 22/27 | €149,161 | €94,425 | -€54,735 | -36.7% |
| Plant, machinery and equipment | 23 | €2,737 | €2,042 | -€696 | -25.4% |
| Furniture and vehicles | 24 | €139,125 | €75,616 | -€63,508 | -45.6% |
| Other tangible fixed assets | 26 | €7,299 | €16,767 | +€9,469 | +130% |
| Financial fixed assets | 28 | - | €178,571 | +€178,571 | |
| Current assets | 29/58 | €119,118 | €22,827 | -€96,292 | -80.8% |
| Stocks and contracts in progress | 3 | - | €3,000 | +€3,000 | |
| Contracts in progress | 37 | - | €3,000 | +€3,000 | |
| Amounts receivable within one year | 40/41 | €1,590 | €8,678 | +€7,089 | +446% |
| Other amounts receivable | 41 | €1,590 | €8,678 | +€7,089 | +446% |
| Current investments | 50/53 | €59,611 | €0 | -€59,611 | -100% |
| Cash at bank and in hand | 54/58 | €56,252 | €6,027 | -€50,225 | -89.3% |
| Deferred charges and accrued income | 490/1 | €1,665 | €5,121 | +€3,456 | +208% |
| Total equity and liabilities | 10/49 | €268,279 | €295,824 | +€27,545 | +10.3% |
| Equity | 10/15 | €258,624 | €283,007 | +€24,384 | +9.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €240,074 | €264,457 | +€24,384 | +10.2% |
| Distributable reserves | 133 | €240,074 | €264,457 | +€24,384 | +10.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €9,656 | €12,816 | +€3,161 | +32.7% |
| Amounts payable within one year | 42/48 | €9,268 | €12,816 | +€3,548 | +38.3% |
| Trade debts | 44 | €264 | €3,202 | +€2,938 | +1,113% |
| Suppliers | 440/4 | €264 | €3,202 | +€2,938 | +1,113% |
| Taxes, remuneration and social security | 45 | €6,678 | €9,614 | +€2,936 | +44.0% |
| Taxes | 450/3 | €6,678 | €9,614 | +€2,936 | +44.0% |
| Other amounts payable | 47/48 | €2,326 | €0 | -€2,326 | -100% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,758 | €26,166 | -€4,592 | -14.9% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Non-recurring operating charges | 66A | - | €11,324 | +€11,324 | |
| Gross operating margin | 9900 | €72,182 | €55,464 | -€16,718 | -23.2% |
| Operating profit (loss) | 9901 | €40,855 | €17,389 | -€23,465 | -57.4% |
| Financial income | 75/76B | €8,640 | €13,814 | +€5,174 | +59.9% |
| Recurring financial income | 75 | €8,640 | €13,814 | +€5,174 | +59.9% |
| Financial charges | 65/66B | €464 | €308 | -€156 | -33.7% |
| Recurring financial charges | 65 | €464 | €308 | -€156 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €49,031 | €30,895 | -€18,135 | -37.0% |
| Income taxes | 67/77 | €13,417 | €6,512 | -€6,906 | -51.5% |
| Profit (loss) for the period | 9904 | €35,613 | €24,384 | -€11,229 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,613 | €24,384 | -€11,229 | -31.5% |
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 25 October 2026 via checked.be.