KOCKAERTS HEIDI: 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.
KOCKAERTS HEIDI
Largest movements
- Intangible fixed assets -€25,722
down €25,722 (-16.4%), from €157,071 to €131,349
- Cash +€14,436
up €14,436 (+52.9%), from €27,299 to €41,735
mainly Depreciation (+€25,722) and Receivables within one year (+€11,289)
- Receivables within one year -€11,289
down €11,289 (-100%), from €11,289 to €0
- Other debts -€22,361
down €22,361 (-20.6%), from €108,386 to €86,025
- Reserves +€6,401
up €6,401 (+13.2%), from €48,501 to €54,902
- Trade debts -€5,465
down €5,465 (-68.0%), from €8,042 to €2,577
- Gross operating margin -€63,327
down €63,327 (-66.0%), from €95,910 to €32,583
- Taxes -€19,580
down €19,580 (-100%), from €19,580 to €0
- Financial charges -€4,218
down €4,218 (-98.6%), from €4,279 to €60
- Depreciation +€2,741
up €2,741 (+11.9%), from €22,981 to €25,722
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 | €195,778 | €173,084 | -€22,694 | -11.6% |
| Fixed assets | 21/28 | €157,071 | €131,349 | -€25,722 | -16.4% |
| Intangible fixed assets | 21 | €157,071 | €131,349 | -€25,722 | -16.4% |
| Current assets | 29/58 | €38,707 | €41,735 | +€3,028 | +7.8% |
| Amounts receivable within one year | 40/41 | €11,289 | €0 | -€11,289 | -100% |
| Trade receivables | 40 | €11,289 | €0 | -€11,289 | -100% |
| Cash at bank and in hand | 54/58 | €27,299 | €41,735 | +€14,436 | +52.9% |
| Deferred charges and accrued income | 490/1 | €119 | €0 | -€119 | -100% |
| Total equity and liabilities | 10/49 | €195,778 | €173,084 | -€22,694 | -11.6% |
| Equity | 10/15 | €58,501 | €64,902 | +€6,401 | +10.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €48,501 | €54,902 | +€6,401 | +13.2% |
| Distributable reserves | 133 | €48,501 | €54,902 | +€6,401 | +13.2% |
| Amounts payable | 17/49 | €137,277 | €108,182 | -€29,095 | -21.2% |
| Amounts payable within one year | 42/48 | €137,277 | €108,182 | -€29,095 | -21.2% |
| Trade debts | 44 | €8,042 | €2,577 | -€5,465 | -68.0% |
| Suppliers | 440/4 | €8,042 | €2,577 | -€5,465 | -68.0% |
| Taxes, remuneration and social security | 45 | €20,849 | €19,580 | -€1,268 | -6.1% |
| Taxes | 450/3 | €20,849 | €19,580 | -€1,268 | -6.1% |
| Other amounts payable | 47/48 | €108,386 | €86,025 | -€22,361 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,981 | €25,722 | +€2,741 | +11.9% |
| Other operating charges | 640/8 | €569 | €400 | -€169 | -29.7% |
| Gross operating margin | 9900 | €95,910 | €32,583 | -€63,327 | -66.0% |
| Operating profit (loss) | 9901 | €72,360 | €6,461 | -€65,899 | -91.1% |
| Financial charges | 65/66B | €4,279 | €60 | -€4,218 | -98.6% |
| Recurring financial charges | 65 | €4,279 | €60 | -€4,218 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | €68,081 | €6,401 | -€61,681 | -90.6% |
| Income taxes | 67/77 | €19,580 | €0 | -€19,580 | -100% |
| Profit (loss) for the period | 9904 | €48,501 | €6,401 | -€42,100 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,501 | €6,401 | -€42,100 | -86.8% |
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 30 October 2026 via checked.be.