Electro 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.
Electro Koen
Largest movements
- Receivables within one year +€48,191
up €48,191 (+114%), from €42,276 to €90,468
of which Trade receivables: +€27,969
- Tangible fixed assets +€29,866
up €29,866 (+28.7%), from €104,230 to €134,096
of which Furniture and vehicles: +€34,824
- Cash -€12,382
down €12,382 (-100%), from €12,382 to €0
mainly Investment in fixed assets (net) (-€61,390) and Receivables within one year (-€48,191)
- Stocks and contracts -€7,490
down €7,490 (-15.4%), from €48,787 to €41,297
- Deferred charges and accrued income -€3,500
down €3,500 (-35.6%), from €9,824 to €6,324
- Debts after one year +€24,985
up €24,985 (+58.7%), from €42,572 to €67,556
- Reserves +€23,483
up €23,483 (+24.2%), from €96,981 to €120,464
- Short-term financial debts -€15,824
down €15,824 (-78.6%), from €20,130 to €4,306
- Current portion of long-term debt +€13,091
up €13,091 (+77.6%), from €16,870 to €29,961
- Trade debts +€9,001
up €9,001 (+26.7%), from €33,772 to €42,774
- Staff costs +€7,652
up €7,652 (+19.3%), from €39,641 to €47,292
- Taxes -€3,306
down €3,306 (-26.6%), from €12,433 to €9,127
- Depreciation +€2,815
up €2,815 (+10.7%), from €26,421 to €29,235
- Gross operating margin +€1,808
up €1,808 (+1.6%), from €113,174 to €114,982
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 | €217,499 | €274,474 | +€56,974 | +26.2% |
| Fixed assets | 21/28 | €104,230 | €136,385 | +€32,155 | +30.8% |
| Intangible fixed assets | 21 | - | €2,289 | +€2,289 | |
| Tangible fixed assets | 22/27 | €104,230 | €134,096 | +€29,866 | +28.7% |
| Land and buildings | 22 | €57,552 | €52,802 | -€4,749 | -8.3% |
| Plant, machinery and equipment | 23 | €1,201 | €992 | -€209 | -17.4% |
| Furniture and vehicles | 24 | €45,477 | €80,301 | +€34,824 | +76.6% |
| Current assets | 29/58 | €113,269 | €138,089 | +€24,819 | +21.9% |
| Stocks and contracts in progress | 3 | €48,787 | €41,297 | -€7,490 | -15.4% |
| Stocks | 30/36 | €48,787 | €41,297 | -€7,490 | -15.4% |
| Amounts receivable within one year | 40/41 | €42,276 | €90,468 | +€48,191 | +114% |
| Trade receivables | 40 | €34,989 | €62,958 | +€27,969 | +79.9% |
| Other amounts receivable | 41 | €7,288 | €27,510 | +€20,222 | +277% |
| Cash at bank and in hand | 54/58 | €12,382 | €0 | -€12,382 | -100% |
| Deferred charges and accrued income | 490/1 | €9,824 | €6,324 | -€3,500 | -35.6% |
| Total equity and liabilities | 10/49 | €217,499 | €274,474 | +€56,974 | +26.2% |
| Equity | 10/15 | €96,982 | €120,465 | +€23,483 | +24.2% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €96,981 | €120,464 | +€23,483 | +24.2% |
| Distributable reserves | 133 | €96,981 | €120,464 | +€23,483 | +24.2% |
| Amounts payable | 17/49 | €120,517 | €154,008 | +€33,491 | +27.8% |
| Amounts payable after more than one year | 17 | €42,572 | €67,556 | +€24,985 | +58.7% |
| Financial debts | 170/4 | €42,572 | €67,556 | +€24,985 | +58.7% |
| Amounts payable within one year | 42/48 | €77,945 | €86,452 | +€8,507 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €16,870 | €29,961 | +€13,091 | +77.6% |
| Financial debts | 43 | €20,130 | €4,306 | -€15,824 | -78.6% |
| Credit institutions | 430/8 | €20,130 | €4,306 | -€15,824 | -78.6% |
| Trade debts | 44 | €33,772 | €42,774 | +€9,001 | +26.7% |
| Suppliers | 440/4 | €33,772 | €42,774 | +€9,001 | +26.7% |
| Taxes, remuneration and social security | 45 | €7,173 | €9,411 | +€2,239 | +31.2% |
| Taxes | 450/3 | €4,963 | €6,729 | +€1,766 | +35.6% |
| Remuneration and social security | 454/9 | €2,210 | €2,682 | +€472 | +21.4% |
| Remuneration, social security and pensions | 62 | €39,641 | €47,292 | +€7,652 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,421 | €29,235 | +€2,815 | +10.7% |
| Other operating charges | 640/8 | €1,847 | €2,618 | +€771 | +41.8% |
| Gross operating margin | 9900 | €113,174 | €114,982 | +€1,808 | +1.6% |
| Operating profit (loss) | 9901 | €45,266 | €35,836 | -€9,429 | -20.8% |
| Financial income | 75/76B | €420 | €367 | -€53 | -12.6% |
| Recurring financial income | 75 | €420 | €367 | -€53 | -12.6% |
| Financial charges | 65/66B | €3,899 | €3,593 | -€306 | -7.9% |
| Recurring financial charges | 65 | €3,899 | €3,593 | -€306 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €41,786 | €32,610 | -€9,176 | -22.0% |
| Income taxes | 67/77 | €12,433 | €9,127 | -€3,306 | -26.6% |
| Profit (loss) for the period | 9904 | €29,353 | €23,483 | -€5,870 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,353 | €23,483 | -€5,870 | -20.0% |
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 14 October 2026 via checked.be.