Erwin De Koninck: 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.
Erwin De Koninck
Largest movements
- Cash +€7,151
up €7,151 (+12.4%), from €57,641 to €64,792
mainly Net result for the year (+€7,994) and Receivables within one year (+€323)
- Deferred charges and accrued income +€1,204
new in 2025: €1,204
- Reserves +€5,500
up €5,500 (+18.1%), from €30,309 to €35,809
- Profit (loss) carried forward +€2,494
up €2,494 (+4.3%), from €58,539 to €61,033
- Gross operating margin +€722
up €722 (+6.7%), from €10,730 to €11,452
- Taxes +€470
up €470 (+12.8%), from €3,667 to €4,136
- Financial income -€314
down €314 (-20.3%), from €1,548 to €1,235
- Financial charges +€116
up €116 (+292%), from €40 to €156
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 | €109,045 | €117,077 | +€8,032 | +7.4% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Current assets | 29/58 | €109,045 | €117,077 | +€8,032 | +7.4% |
| Amounts receivable within one year | 40/41 | €700 | €377 | -€323 | -46.2% |
| Other amounts receivable | 41 | €700 | €377 | -€323 | -46.2% |
| Current investments | 50/53 | €50,704 | €50,704 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,641 | €64,792 | +€7,151 | +12.4% |
| Deferred charges and accrued income | 490/1 | - | €1,204 | +€1,204 | |
| Total equity and liabilities | 10/49 | €109,045 | €117,077 | +€8,032 | +7.4% |
| Equity | 10/15 | €107,398 | €115,392 | +€7,994 | +7.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €30,309 | €35,809 | +€5,500 | +18.1% |
| Distributable reserves | 133 | €30,309 | €35,809 | +€5,500 | +18.1% |
| Profit (loss) carried forward | 14 | €58,539 | €61,033 | +€2,494 | +4.3% |
| Amounts payable | 17/49 | €1,647 | €1,685 | +€37 | +2.3% |
| Amounts payable within one year | 42/48 | €1,647 | €1,685 | +€37 | +2.3% |
| Trade debts | 44 | €214 | €466 | +€252 | +118% |
| Suppliers | 440/4 | €214 | €466 | +€252 | +118% |
| Taxes, remuneration and social security | 45 | €1,434 | €1,219 | -€215 | -15.0% |
| Taxes | 450/3 | €1,434 | €1,219 | -€215 | -15.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €10,730 | €11,452 | +€722 | +6.7% |
| Operating profit (loss) | 9901 | €10,343 | €11,052 | +€709 | +6.9% |
| Financial income | 75/76B | €1,548 | €1,235 | -€314 | -20.3% |
| Recurring financial income | 75 | €1,548 | €1,235 | -€314 | -20.3% |
| Financial charges | 65/66B | €40 | €156 | +€116 | +292% |
| Recurring financial charges | 65 | €40 | €156 | +€116 | +292% |
| Profit (loss) for the period before taxes | 9903 | €11,851 | €12,131 | +€280 | +2.4% |
| Income taxes | 67/77 | €3,667 | €4,136 | +€470 | +12.8% |
| Profit (loss) for the period | 9904 | €8,184 | €7,994 | -€190 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,184 | €7,994 | -€190 | -2.3% |
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 29 October 2026 via checked.be.