KOANNE: 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.
KOANNE
Largest movements
- Tangible fixed assets -€57,664
down €57,664 (-6.4%), from €900,747 to €843,082
of which Land and buildings: -€55,641
- Debts after one year -€127,962
down €127,962 (-22.9%), from €558,006 to €430,044
- Current portion of long-term debt +€28,886
up €28,886 (+41.5%), from €69,565 to €98,451
- Reserves +€24,213
up €24,213 (+16.1%), from €150,611 to €174,824
of which Distributable reserves: +€24,213
- Other debts +€14,297
up €14,297 (+8.8%), from €163,289 to €177,585
- Financial charges +€6,413
up €6,413 (+60.5%), from €10,594 to €17,007
- Gross operating margin -€4,865
down €4,865 (-3.7%), from €129,940 to €125,075
- Depreciation -€1,766
down €1,766 (-2.9%), from €61,436 to €59,670
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 | €1,025,523 | €956,001 | -€69,522 | -6.8% |
| Fixed assets | 21/28 | €900,747 | €843,082 | -€57,664 | -6.4% |
| Tangible fixed assets | 22/27 | €900,747 | €843,082 | -€57,664 | -6.4% |
| Land and buildings | 22 | €887,149 | €831,508 | -€55,641 | -6.3% |
| Plant, machinery and equipment | 23 | €13,598 | €11,575 | -€2,023 | -14.9% |
| Current assets | 29/58 | €124,776 | €112,918 | -€11,858 | -9.5% |
| Amounts receivable within one year | 40/41 | €118,734 | €112,391 | -€6,343 | -5.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €118,734 | €112,391 | -€6,343 | -5.3% |
| Cash at bank and in hand | 54/58 | €5,970 | €0 | -€5,970 | -100.0% |
| Deferred charges and accrued income | 490/1 | €73 | €528 | +€455 | +627.1% |
| Total equity and liabilities | 10/49 | €1,025,523 | €956,001 | -€69,522 | -6.8% |
| Equity | 10/15 | €212,584 | €236,798 | +€24,213 | +11.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €150,611 | €174,824 | +€24,213 | +16.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €144,414 | €168,627 | +€24,213 | +16.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €812,939 | €719,203 | -€93,735 | -11.5% |
| Amounts payable after more than one year | 17 | €558,006 | €430,044 | -€127,962 | -22.9% |
| Financial debts | 170/4 | €558,006 | €430,044 | -€127,962 | -22.9% |
| Amounts payable within one year | 42/48 | €254,932 | €289,159 | +€34,227 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €69,565 | €98,451 | +€28,886 | +41.5% |
| Financial debts | 43 | €16,721 | €11,728 | -€4,993 | -29.9% |
| Credit institutions | 430/8 | - | €11,728 | +€11,728 | |
| Other loans | 439 | €16,721 | €0 | -€16,721 | -100.0% |
| Trade debts | 44 | €313 | €1,395 | +€1,081 | +345.2% |
| Suppliers | 440/4 | €313 | €1,395 | +€1,081 | +345.2% |
| Taxes, remuneration and social security | 45 | €5,045 | €0 | -€5,045 | -100.0% |
| Taxes | 450/3 | €5,045 | €0 | -€5,045 | -100.0% |
| Other amounts payable | 47/48 | €163,289 | €177,585 | +€14,297 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,436 | €59,670 | -€1,766 | -2.9% |
| Other operating charges | 640/8 | €7,982 | €8,967 | +€984 | +12.3% |
| Gross operating margin | 9900 | €129,940 | €125,075 | -€4,865 | -3.7% |
| Operating profit (loss) | 9901 | €60,522 | €56,439 | -€4,083 | -6.7% |
| Financial charges | 65/66B | €10,594 | €17,007 | +€6,413 | +60.5% |
| Recurring financial charges | 65 | €10,594 | €17,007 | +€6,413 | +60.5% |
| Profit (loss) for the period before taxes | 9903 | €49,927 | €39,432 | -€10,496 | -21.0% |
| Income taxes | 67/77 | €15,886 | €15,218 | -€668 | -4.2% |
| Profit (loss) for the period | 9904 | €34,041 | €24,213 | -€9,828 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,041 | €24,213 | -€9,828 | -28.9% |
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 4 October 2026 via checked.be.