ERIC KOCH: what changed
Two fiscal 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.
ERIC KOCH
Largest movements
- Tangible fixed assets -€13,183
down €13,183 (-60.3%), from €21,858 to €8,676
- Receivables within one year +€7,429
up €7,429 (+9648.0%), from €77 to €7,506
of which Trade receivables: +€7,299
- Cash -€1,108
down €1,108 (-89.0%), from €1,245 to €137
mainly Receivables within one year (-€7,429) and Other debts (-€5,132)
- Other debts -€5,132
down €5,132 (-9.0%), from €56,956 to €51,824
- Trade debts -€1,032
no longer reported in 2025 (was €1,032)
- Gross operating margin -€1,875
down €1,875 (-12.2%), from €15,321 to €13,447
- Taxes -€462
down €462 (-72.4%), from €638 to €176
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.
Cash bridge derived
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 | €50,452 | €43,591 | -€6,861 | -13.6% |
| Fixed assets | 21/28 | €21,858 | €8,676 | -€13,183 | -60.3% |
| Tangible fixed assets | 22/27 | €21,858 | €8,676 | -€13,183 | -60.3% |
| Furniture and vehicles | 24 | €21,858 | €8,676 | -€13,183 | -60.3% |
| Current assets | 29/58 | €28,594 | €34,915 | +€6,321 | +22.1% |
| Stocks and contracts in progress | 3 | €27,272 | €27,272 | = | 0.0% |
| Stocks | 30/36 | €27,272 | €27,272 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €77 | €7,506 | +€7,429 | +9648.0% |
| Trade receivables | 40 | - | €7,299 | +€7,299 | |
| Other amounts receivable | 41 | €77 | €206 | +€129 | +168.2% |
| Cash at bank and in hand | 54/58 | €1,245 | €137 | -€1,108 | -89.0% |
| Total equity and liabilities | 10/49 | €50,452 | €43,591 | -€6,861 | -13.6% |
| Equity | 10/15 | -€9,257 | -€9,641 | -€384 | -4.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,709 | -€30,092 | -€384 | -1.3% |
| Amounts payable | 17/49 | €59,710 | €53,232 | -€6,478 | -10.8% |
| Amounts payable within one year | 42/48 | €59,710 | €53,232 | -€6,478 | -10.8% |
| Trade debts | 44 | €1,032 | - | -€1,032 | |
| Suppliers | 440/4 | €1,032 | - | -€1,032 | |
| Taxes, remuneration and social security | 45 | €1,721 | €1,408 | -€313 | -18.2% |
| Taxes | 450/3 | €1,721 | €1,408 | -€313 | -18.2% |
| Other amounts payable | 47/48 | €56,956 | €51,824 | -€5,132 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,260 | €13,183 | -€77 | -0.6% |
| Other operating charges | 640/8 | €373 | €400 | +€27 | +7.1% |
| Gross operating margin | 9900 | €15,321 | €13,447 | -€1,875 | -12.2% |
| Operating profit (loss) | 9901 | €1,688 | -€135 | -€1,824 | |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €1,634 | -€208 | -€1,841 | |
| Income taxes | 67/77 | €638 | €176 | -€462 | -72.4% |
| Profit (loss) for the period | 9904 | €995 | -€384 | -€1,379 | |
| Profit (loss) for the period to be appropriated | 9905 | €995 | -€384 | -€1,379 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.