KOECONSULT: 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.
KOECONSULT
Largest movements
- Receivables within one year +€53,008
up €53,008 (+27.4%), from €193,418 to €246,426
of which Trade receivables: +€52,099
- Stocks and contracts +€20,000
up €20,000 (+80.0%), from €25,015 to €45,015
- Cash +€9,592
up €9,592 (+17.9%), from €53,520 to €63,112
mainly Net result for the year (+€45,367) and Trade debts (+€39,145)
- Tangible fixed assets +€9,105
up €9,105 (+57.7%), from €15,774 to €24,879
of which Plant, machinery and equipment: +€15,457
- Reserves +€45,367
up €45,367 (+56.3%), from €80,585 to €125,952
- Trade debts +€39,145
up €39,145 (+21.3%), from €184,010 to €223,154
- Other debts +€8,508
up €8,508 (+131%), from €6,500 to €15,008
- Current portion of long-term debt -€7,340
no longer reported in 2025 (was €7,340)
- Depreciation -€8,622
down €8,622 (-50.3%), from €17,134 to €8,512
- Gross operating margin -€3,210
down €3,210 (-4.4%), from €73,700 to €70,490
- Other operating charges -€2,486
down €2,486 (-69.4%), from €3,583 to €1,097
- Taxes +€1,699
up €1,699 (+12.8%), from €13,315 to €15,014
- Staff costs -€1,553
down €1,553 (-65.8%), from €2,361 to €808
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 | €293,861 | €382,643 | +€88,782 | +30.2% |
| Fixed assets | 21/28 | €18,174 | €24,879 | +€6,705 | +36.9% |
| Tangible fixed assets | 22/27 | €15,774 | €24,879 | +€9,105 | +57.7% |
| Plant, machinery and equipment | 23 | €6,515 | €21,972 | +€15,457 | +237% |
| Furniture and vehicles | 24 | €9,259 | €2,907 | -€6,352 | -68.6% |
| Financial fixed assets | 28 | €2,400 | - | -€2,400 | |
| Current assets | 29/58 | €275,688 | €357,765 | +€82,077 | +29.8% |
| Stocks and contracts in progress | 3 | €25,015 | €45,015 | +€20,000 | +80.0% |
| Stocks | 30/36 | €25,015 | €45,015 | +€20,000 | +80.0% |
| Amounts receivable within one year | 40/41 | €193,418 | €246,426 | +€53,008 | +27.4% |
| Trade receivables | 40 | €191,664 | €243,763 | +€52,099 | +27.2% |
| Other amounts receivable | 41 | €1,754 | €2,664 | +€910 | +51.8% |
| Cash at bank and in hand | 54/58 | €53,520 | €63,112 | +€9,592 | +17.9% |
| Deferred charges and accrued income | 490/1 | €3,735 | €3,212 | -€523 | -14.0% |
| Total equity and liabilities | 10/49 | €293,861 | €382,643 | +€88,782 | +30.2% |
| Equity | 10/15 | €86,785 | €132,152 | +€45,367 | +52.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €80,585 | €125,952 | +€45,367 | +56.3% |
| Distributable reserves | 133 | €80,585 | €125,952 | +€45,367 | +56.3% |
| Amounts payable | 17/49 | €207,076 | €250,491 | +€43,416 | +21.0% |
| Amounts payable within one year | 42/48 | €207,076 | €250,491 | +€43,416 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €7,340 | - | -€7,340 | |
| Trade debts | 44 | €184,010 | €223,154 | +€39,145 | +21.3% |
| Suppliers | 440/4 | €184,010 | €223,154 | +€39,145 | +21.3% |
| Taxes, remuneration and social security | 45 | €9,225 | €12,329 | +€3,103 | +33.6% |
| Taxes | 450/3 | €9,225 | €12,329 | +€3,103 | +33.6% |
| Other amounts payable | 47/48 | €6,500 | €15,008 | +€8,508 | +131% |
| Remuneration, social security and pensions | 62 | €2,361 | €808 | -€1,553 | -65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,134 | €8,512 | -€8,622 | -50.3% |
| Other operating charges | 640/8 | €3,583 | €1,097 | -€2,486 | -69.4% |
| Gross operating margin | 9900 | €73,700 | €70,490 | -€3,210 | -4.4% |
| Operating profit (loss) | 9901 | €50,622 | €60,073 | +€9,451 | +18.7% |
| Financial income | 75/76B | €26 | €653 | +€627 | +2,384% |
| Recurring financial income | 75 | €26 | €653 | +€627 | +2,384% |
| Financial charges | 65/66B | €466 | €345 | -€121 | -25.9% |
| Recurring financial charges | 65 | €466 | €345 | -€121 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €50,182 | €60,381 | +€10,198 | +20.3% |
| Income taxes | 67/77 | €13,315 | €15,014 | +€1,699 | +12.8% |
| Profit (loss) for the period | 9904 | €36,868 | €45,367 | +€8,499 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,868 | €45,367 | +€8,499 | +23.1% |
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 19 October 2026 via checked.be.