KOEK EN BROOD: what changed
KOEK EN BROOD
Largest movements
- Tangible fixed assets -€42,190
down €42,190 (-24.7%), from €170,546 to €128,356
of which Land and buildings: -€30,554
- Cash +€15,074
up €15,074 (+3,405%), from €443 to €15,517
mainly Depreciation (+€52,587) and Deferred charges and accrued income (+€2,317)
- Receivables within one year +€9,667
up €9,667 (+202%), from €4,784 to €14,450
of which Trade receivables: +€10,864
- Deferred charges and accrued income -€2,317
no longer reported in 2025 (was €2,317)
- Debts after one year -€14,442
down €14,442 (-5.1%), from €283,422 to €268,980
- Profit (loss) carried forward -€4,025
down €4,025 (-1.7%), from -€234,973 to -€238,998
- Short-term financial debts -€2,841
no longer reported in 2025 (was €2,841)
- Trade debts -€2,327
down €2,327 (-16.5%), from €14,145 to €11,818
- Gross operating margin +€11,316
up €11,316 (+16.4%), from €68,929 to €80,246
- Staff costs +€4,499
up €4,499 (+22.0%), from €20,468 to €24,967
- Financial charges -€1,969
down €1,969 (-43.8%), from €4,495 to €2,527
- Depreciation +€904
up €904 (+1.7%), from €51,683 to €52,587
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €186,991 | €165,676 | -€21,315 | -11.4% |
| Fixed assets | 21/28 | €170,546 | €128,356 | -€42,190 | -24.7% |
| Tangible fixed assets | 22/27 | €170,546 | €128,356 | -€42,190 | -24.7% |
| Land and buildings | 22 | €91,662 | €61,108 | -€30,554 | -33.3% |
| Plant, machinery and equipment | 23 | €74,664 | €65,760 | -€8,904 | -11.9% |
| Furniture and vehicles | 24 | €4,221 | €1,488 | -€2,732 | -64.7% |
| Current assets | 29/58 | €16,445 | €37,321 | +€20,875 | +127% |
| Stocks and contracts in progress | 3 | €8,902 | €7,354 | -€1,548 | -17.4% |
| Stocks | 30/36 | €8,902 | €7,354 | -€1,548 | -17.4% |
| Amounts receivable within one year | 40/41 | €4,784 | €14,450 | +€9,667 | +202% |
| Trade receivables | 40 | €3,586 | €14,450 | +€10,864 | +303% |
| Other amounts receivable | 41 | €1,197 | - | -€1,197 | |
| Cash at bank and in hand | 54/58 | €443 | €15,517 | +€15,074 | +3,405% |
| Deferred charges and accrued income | 490/1 | €2,317 | - | -€2,317 | |
| Total equity and liabilities | 10/49 | €186,991 | €165,676 | -€21,315 | -11.4% |
| Equity | 10/15 | -€184,973 | -€188,998 | -€4,025 | -2.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€234,973 | -€238,998 | -€4,025 | -1.7% |
| Amounts payable | 17/49 | €371,964 | €354,675 | -€17,289 | -4.6% |
| Amounts payable after more than one year | 17 | €283,422 | €268,980 | -€14,442 | -5.1% |
| Financial debts | 170/4 | €283,422 | €268,980 | -€14,442 | -5.1% |
| Amounts payable within one year | 42/48 | €86,542 | €83,444 | -€3,098 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €14,052 | €14,442 | +€390 | +2.8% |
| Financial debts | 43 | €2,841 | - | -€2,841 | |
| Credit institutions | 430/8 | €2,841 | - | -€2,841 | |
| Trade debts | 44 | €14,145 | €11,818 | -€2,327 | -16.5% |
| Suppliers | 440/4 | €14,145 | €11,818 | -€2,327 | -16.5% |
| Taxes, remuneration and social security | 45 | €6,290 | €7,841 | +€1,550 | +24.6% |
| Taxes | 450/3 | €402 | €1,406 | +€1,004 | +249% |
| Remuneration and social security | 454/9 | €5,888 | €6,435 | +€547 | +9.3% |
| Other amounts payable | 47/48 | €49,214 | €49,344 | +€130 | +0.3% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,250 | +€250 | +12.5% |
| Remuneration, social security and pensions | 62 | €20,468 | €24,967 | +€4,499 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,683 | €52,587 | +€904 | +1.7% |
| Other operating charges | 640/8 | €3,755 | €4,259 | +€503 | +13.4% |
| Gross operating margin | 9900 | €68,929 | €80,246 | +€11,316 | +16.4% |
| Operating profit (loss) | 9901 | -€6,977 | -€1,567 | +€5,409 | +77.5% |
| Financial income | 75/76B | €6 | €69 | +€63 | +1,085% |
| Recurring financial income | 75 | €6 | €69 | +€63 | +1,085% |
| Financial charges | 65/66B | €4,495 | €2,527 | -€1,969 | -43.8% |
| Recurring financial charges | 65 | €4,495 | €2,527 | -€1,969 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,466 | -€4,025 | +€7,441 | +64.9% |
| Profit (loss) for the period | 9904 | -€11,466 | -€4,025 | +€7,441 | +64.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,466 | -€4,025 | +€7,441 | +64.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.