Drie Koningen Shoe: what changed
What changed
Drie Koningen Shoe
NACE 47.721, Retail sale of footwear
filed annual accounts (NBB)
Net result for the year
€8,571
2024 · €22,613-€14,042
Equity
€408,233
2024 · €399,662+€8,571
Cash
€423,133
2024 · €345,005+€78,128
Balance sheet total
€1.6m
2024 · €1.6m-€26,151
Largest movements
Assets
- Tangible fixed assets -€113,941
down €113,941 (-13.9%), from €820,240 to €706,299
of which Land and buildings: -€63,252
- Cash +€78,128
up €78,128 (+22.6%), from €345,005 to €423,133
mainly Depreciation (+€120,094) and Tax, wage and social debts (+€12,876)
Equity and liabilities
- Debts after one year -€57,295
down €57,295 (-6.2%), from €927,243 to €869,948
of which Financial debts: -€57,295
Income statement
- Staff costs +€21,279
up €21,279 (+11.4%), from €187,162 to €208,441
- Taxes -€8,104
down €8,104 (-65.0%), from €12,463 to €4,358
- Gross operating margin +€6,319
up €6,319 (+1.8%), from €354,769 to €361,087
- Financial charges +€4,603
up €4,603 (+46.0%), from €10,014 to €14,617
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€22,613
Gross operating margin
+€6,319
Staff costs
-€21,279
Depreciation
-€2,194
Other operating charges
-€1,018
Financial income
+€630
Financial charges
-€4,603
Taxes
+€8,104
Result 2025
€8,571
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€135,155
Investment
-€3,653
Financing
-€53,374
Cash 2024
€345,005
From operations (derived)
+€135,155
Net result for the year
+€8,571
Depreciation
+€120,094
Stocks and contracts
+€3,871
Receivables within one year
-€15,577
Deferred charges and accrued income
-€457
Trade debts
+€5,935
Tax, wage and social debts
+€12,876
Other debts
-€158
Investment (derived)
-€3,653
Investment in fixed assets (net)
-€3,653
Financing
-€53,374
Debts after one year
-€57,295
Current portion of long-term debt
+€4,159
Short-term financial debts
-€238
Cash 2025
€423,133
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,578,204 | €1,552,053 | -€26,151 | -1.7% |
| Fixed assets | 21/28 | €838,630 | €722,188 | -€116,441 | -13.9% |
| Intangible fixed assets | 21 | €17,979 | €15,479 | -€2,500 | -13.9% |
| Tangible fixed assets | 22/27 | €820,240 | €706,299 | -€113,941 | -13.9% |
| Land and buildings | 22 | €599,447 | €536,195 | -€63,252 | -10.6% |
| Plant, machinery and equipment | 23 | €208,526 | €160,157 | -€48,369 | -23.2% |
| Furniture and vehicles | 24 | €12,267 | €9,947 | -€2,320 | -18.9% |
| Financial fixed assets | 28 | €410 | €410 | = | 0.0% |
| Current assets | 29/58 | €739,574 | €829,865 | +€90,291 | +12.2% |
| Stocks and contracts in progress | 3 | €388,975 | €385,104 | -€3,871 | -1.0% |
| Stocks | 30/36 | €388,975 | €385,104 | -€3,871 | -1.0% |
| Amounts receivable within one year | 40/41 | €2,759 | €18,336 | +€15,577 | +565% |
| Trade receivables | 40 | €2,509 | €18,012 | +€15,504 | +618% |
| Other amounts receivable | 41 | €250 | €324 | +€73 | +29.3% |
| Cash at bank and in hand | 54/58 | €345,005 | €423,133 | +€78,128 | +22.6% |
| Deferred charges and accrued income | 490/1 | €2,835 | €3,291 | +€457 | +16.1% |
| Total equity and liabilities | 10/49 | €1,578,204 | €1,552,053 | -€26,151 | -1.7% |
| Equity | 10/15 | €399,662 | €408,233 | +€8,571 | +2.1% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €250,926 | €259,497 | +€8,571 | +3.4% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,874 | €14,874 | = | 0.0% |
| Distributable reserves | 133 | €236,052 | €244,623 | +€8,571 | +3.6% |
| Amounts payable | 17/49 | €1,178,542 | €1,143,821 | -€34,721 | -2.9% |
| Amounts payable after more than one year | 17 | €927,243 | €869,948 | -€57,295 | -6.2% |
| Financial debts | 170/4 | €426,123 | €368,828 | -€57,295 | -13.4% |
| Other amounts payable | 178/9 | €501,120 | €501,120 | = | 0.0% |
| Amounts payable within one year | 42/48 | €251,299 | €273,873 | +€22,574 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €56,382 | €60,540 | +€4,159 | +7.4% |
| Financial debts | 43 | €238 | - | -€238 | |
| Credit institutions | 430/8 | €238 | - | -€238 | |
| Trade debts | 44 | €39,576 | €45,511 | +€5,935 | +15.0% |
| Suppliers | 440/4 | €39,576 | €45,511 | +€5,935 | +15.0% |
| Taxes, remuneration and social security | 45 | €51,725 | €64,601 | +€12,876 | +24.9% |
| Taxes | 450/3 | €26,845 | €34,427 | +€7,582 | +28.2% |
| Remuneration and social security | 454/9 | €24,880 | €30,174 | +€5,294 | +21.3% |
| Other amounts payable | 47/48 | €103,378 | €103,220 | -€158 | -0.2% |
| Remuneration, social security and pensions | 62 | €187,162 | €208,441 | +€21,279 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,900 | €120,094 | +€2,194 | +1.9% |
| Other operating charges | 640/8 | €23,893 | €24,910 | +€1,018 | +4.3% |
| Gross operating margin | 9900 | €354,769 | €361,087 | +€6,319 | +1.8% |
| Operating profit (loss) | 9901 | €25,815 | €7,642 | -€18,173 | -70.4% |
| Financial income | 75/76B | €19,275 | €19,905 | +€630 | +3.3% |
| Recurring financial income | 75 | €19,275 | €19,905 | +€630 | +3.3% |
| Financial charges | 65/66B | €10,014 | €14,617 | +€4,603 | +46.0% |
| Recurring financial charges | 65 | €10,014 | €14,617 | +€4,603 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | €35,075 | €12,929 | -€22,146 | -63.1% |
| Income taxes | 67/77 | €12,463 | €4,358 | -€8,104 | -65.0% |
| Profit (loss) for the period | 9904 | €22,613 | €8,571 | -€14,042 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,613 | €8,571 | -€14,042 | -62.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.