Johan Koelb Design: 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.
Johan Koelb Design
Largest movements
- Receivables within one year -€12,424
down €12,424 (-70.5%), from €17,628 to €5,204
of which Trade receivables: -€8,270
- Cash +€2,087
up €2,087 (+44.1%), from €4,738 to €6,826
mainly Receivables within one year (+€12,424) and Net result for the year (+€5,959)
- Tax, wage and social debts -€14,026
down €14,026 (-75.0%), from €18,709 to €4,683
of which Taxes: -€15,635
- Profit (loss) carried forward +€5,959
up €5,959 (+87.3%), from -€6,829 to -€871
- Trade debts -€2,441
down €2,441 (-31.9%), from €7,658 to €5,217
- Gross operating margin +€19,291
up €19,291, from -€7,511 to €11,780
- Other operating charges +€1,068
up €1,068 (+263%), from €406 to €1,474
- Financial charges -€923
down €923 (-17.9%), from €5,141 to €4,218
- Depreciation -€654
down €654 (-82.0%), from €797 to €143
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 | €22,539 | €12,030 | -€10,510 | -46.6% |
| Fixed assets | 21/28 | €143 | - | -€143 | |
| Tangible fixed assets | 22/27 | €143 | - | -€143 | |
| Furniture and vehicles | 24 | €143 | - | -€143 | |
| Current assets | 29/58 | €22,396 | €12,030 | -€10,366 | -46.3% |
| Amounts receivable within one year | 40/41 | €17,628 | €5,204 | -€12,424 | -70.5% |
| Trade receivables | 40 | €12,983 | €4,713 | -€8,270 | -63.7% |
| Other amounts receivable | 41 | €4,645 | €491 | -€4,154 | -89.4% |
| Cash at bank and in hand | 54/58 | €4,738 | €6,826 | +€2,087 | +44.1% |
| Deferred charges and accrued income | 490/1 | €30 | - | -€30 | |
| Total equity and liabilities | 10/49 | €22,539 | €12,030 | -€10,510 | -46.6% |
| Equity | 10/15 | -€3,829 | €2,129 | +€5,959 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,829 | -€871 | +€5,959 | +87.3% |
| Amounts payable | 17/49 | €26,369 | €9,900 | -€16,468 | -62.5% |
| Amounts payable within one year | 42/48 | €26,369 | €9,900 | -€16,468 | -62.5% |
| Trade debts | 44 | €7,658 | €5,217 | -€2,441 | -31.9% |
| Suppliers | 440/4 | €7,658 | €5,217 | -€2,441 | -31.9% |
| Taxes, remuneration and social security | 45 | €18,709 | €4,683 | -€14,026 | -75.0% |
| Taxes | 450/3 | €15,635 | - | -€15,635 | |
| Remuneration and social security | 454/9 | €3,074 | €4,683 | +€1,610 | +52.4% |
| Other amounts payable | 47/48 | €1 | - | -€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €797 | €143 | -€654 | -82.0% |
| Other operating charges | 640/8 | €406 | €1,474 | +€1,068 | +263% |
| Gross operating margin | 9900 | -€7,511 | €11,780 | +€19,291 | |
| Operating profit (loss) | 9901 | -€8,714 | €10,163 | +€18,877 | |
| Financial income | 75/76B | €31 | €14 | -€17 | -54.8% |
| Recurring financial income | 75 | €31 | €14 | -€17 | -54.8% |
| Financial charges | 65/66B | €5,141 | €4,218 | -€923 | -17.9% |
| Recurring financial charges | 65 | €5,141 | €4,218 | -€923 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,824 | €5,959 | +€19,782 | |
| Profit (loss) for the period | 9904 | -€13,824 | €5,959 | +€19,782 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,824 | €5,959 | +€19,782 |
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 21 October 2026 via checked.be.