Ets. Kohnenmergen: 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.
What changed
Ets. Kohnenmergen
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€66,900
2024 · -€109,546+€176,447
Equity
€39,927
2024 · €52,103-€12,176
Cash
-
2024 · €114-€114
Balance sheet total
€5.2m
2024 · €4.8m+€401,550
Largest movements
Assets
- Stocks and contracts +€351,407
new in 2025: €351,407
Equity and liabilities
- Current portion of long-term debt +€169,698
up €169,698 (+37.8%), from €449,346 to €619,044
- Debts after one year +€95,761
up €95,761 (+3.1%), from €3.1m to €3.2m
of which Financial debts: +€94,696
- Reserves -€79,076
down €79,076 (-54.4%), from €145,271 to €66,195
of which Distributable reserves: -€77,217
- Trade debts +€75,615
up €75,615 (+490%), from €15,445 to €91,059
- Profit (loss) carried forward +€66,900
up €66,900 (+59.9%), from -€111,760 to -€44,859
Income statement
- Gross operating margin +€252,827
up €252,827 (+82.6%), from €306,011 to €558,838
- Other operating charges +€60,026
up €60,026 (+112%), from €53,630 to €113,656
- Financial charges +€9,101
up €9,101 (+15.1%), from €60,087 to €69,188
- Depreciation +€7,911
up €7,911 (+2.6%), from €302,181 to €310,092
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.
Result 2024
-€109,546
Gross operating margin
+€252,827
Depreciation
-€7,911
Other operating charges
-€60,026
Financial income
-€499
Financial charges
-€9,101
Taxes
+€1,157
Result 2025
€66,900
raises the resultlowers the result
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.
From operations
+€122,479
Investment
-€325,250
Financing
+€202,657
Cash 2024
€114
From operations (derived)
+€122,479
Net result for the year
+€66,900
Depreciation
+€310,092
Stocks and contracts
-€351,407
Receivables within one year
-€21,524
Deferred charges and accrued income
-€13,575
Trade debts
+€75,615
Tax, wage and social debts
-€3,314
Other debts
+€61,204
Accrued charges and deferred income
-€1,511
Investment (derived)
-€325,250
Investment in fixed assets (net)
-€325,250
Financing
+€202,657
Debts after one year
+€95,761
Current portion of long-term debt
+€169,698
Short-term financial debts
+€16,274
Contributions, distributions and other
-€79,076
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,846,095 | €5,247,645 | +€401,550 | +8.3% |
| Fixed assets | 21/28 | €4,763,367 | €4,778,525 | +€15,158 | +0.3% |
| Tangible fixed assets | 22/27 | €4,763,367 | €4,778,525 | +€15,158 | +0.3% |
| Land and buildings | 22 | €3,385,631 | €3,564,857 | +€179,226 | +5.3% |
| Plant, machinery and equipment | 23 | €15,183 | €8,390 | -€6,793 | -44.7% |
| Furniture and vehicles | 24 | €86,025 | €75,288 | -€10,736 | -12.5% |
| Other tangible fixed assets | 26 | €1,276,528 | €1,129,989 | -€146,539 | -11.5% |
| Current assets | 29/58 | €82,728 | €469,120 | +€386,392 | +467% |
| Stocks and contracts in progress | 3 | - | €351,407 | +€351,407 | |
| Stocks | 30/36 | - | €351,407 | +€351,407 | |
| Amounts receivable within one year | 40/41 | €81,033 | €102,557 | +€21,524 | +26.6% |
| Trade receivables | 40 | €20,171 | €62,160 | +€41,989 | +208% |
| Other amounts receivable | 41 | €60,862 | €40,397 | -€20,465 | -33.6% |
| Cash at bank and in hand | 54/58 | €114 | - | -€114 | |
| Deferred charges and accrued income | 490/1 | €1,581 | €15,156 | +€13,575 | +859% |
| Total equity and liabilities | 10/49 | €4,846,095 | €5,247,645 | +€401,550 | +8.3% |
| Equity | 10/15 | €52,103 | €39,927 | -€12,176 | -23.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €145,271 | €66,195 | -€79,076 | -54.4% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €143,412 | €66,195 | -€77,217 | -53.8% |
| Profit (loss) carried forward | 14 | -€111,760 | -€44,859 | +€66,900 | +59.9% |
| Amounts payable | 17/49 | €4,793,991 | €5,207,717 | +€413,726 | +8.6% |
| Amounts payable after more than one year | 17 | €3,114,973 | €3,210,734 | +€95,761 | +3.1% |
| Financial debts | 170/4 | €3,090,845 | €3,185,540 | +€94,696 | +3.1% |
| Other amounts payable | 178/9 | €24,129 | €25,194 | +€1,065 | +4.4% |
| Amounts payable within one year | 42/48 | €1,664,663 | €1,984,139 | +€319,476 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €449,346 | €619,044 | +€169,698 | +37.8% |
| Financial debts | 43 | €33,115 | €49,389 | +€16,274 | +49.1% |
| Credit institutions | 430/8 | €33,115 | €49,389 | +€16,274 | +49.1% |
| Trade debts | 44 | €15,445 | €91,059 | +€75,615 | +490% |
| Suppliers | 440/4 | €15,445 | €91,059 | +€75,615 | +490% |
| Taxes, remuneration and social security | 45 | €17,458 | €14,144 | -€3,314 | -19.0% |
| Taxes | 450/3 | €17,458 | €14,144 | -€3,314 | -19.0% |
| Other amounts payable | 47/48 | €1,149,300 | €1,210,503 | +€61,204 | +5.3% |
| Accrued charges and deferred income | 492/3 | €14,355 | €12,844 | -€1,511 | -10.5% |
| Non-recurring operating income | 76A | - | €140,804 | +€140,804 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €302,181 | €310,092 | +€7,911 | +2.6% |
| Other operating charges | 640/8 | €53,630 | €113,656 | +€60,026 | +112% |
| Gross operating margin | 9900 | €306,011 | €558,838 | +€252,827 | +82.6% |
| Operating profit (loss) | 9901 | -€49,799 | €135,091 | +€184,889 | |
| Financial income | 75/76B | €3,243 | €2,744 | -€499 | -15.4% |
| Recurring financial income | 75 | €3,243 | €2,744 | -€499 | -15.4% |
| Financial charges | 65/66B | €60,087 | €69,188 | +€9,101 | +15.1% |
| Recurring financial charges | 65 | €60,087 | €69,188 | +€9,101 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | -€106,644 | €68,646 | +€175,290 | |
| Income taxes | 67/77 | €2,903 | €1,746 | -€1,157 | -39.9% |
| Profit (loss) for the period | 9904 | -€109,546 | €66,900 | +€176,447 | |
| Profit (loss) for the period to be appropriated | 9905 | -€109,546 | €66,900 | +€176,447 |
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.