KOEKEDAM: 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.
KOEKEDAM
Largest movements
- Cash +€11,431
up €11,431 (+194%), from €5,896 to €17,326
mainly Receivables within one year (+€9,922) and Net result for the year (+€4,535)
- Receivables within one year -€9,922
down €9,922 (-43.0%), from €23,067 to €13,144
of which Trade receivables: -€6,721
- Intangible fixed assets -€1,300
down €1,300 (-23.6%), from €5,513 to €4,213
- Tangible fixed assets +€1,159
new in 2025: €1,159
- Profit (loss) carried forward +€4,535
up €4,535 (+22.6%), from €20,063 to €24,598
- Trade debts -€2,743
down €2,743 (-61.5%), from €4,459 to €1,717
- Tax, wage and social debts -€425
down €425 (-4.5%), from €9,454 to €9,028
- Gross operating margin -€21,810
down €21,810 (-75.1%), from €29,031 to €7,221
- Taxes -€5,513
down €5,513 (-81.5%), from €6,761 to €1,248
- Other operating charges -€941
down €941 (-69.8%), from €1,347 to €407
- Depreciation +€435
up €435 (+44.1%), from €987 to €1,421
- Financial income +€296
up €296 (+96.0%), from €308 to €603
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 | €35,976 | €37,343 | +€1,367 | +3.8% |
| Fixed assets | 21/28 | €5,513 | €5,372 | -€141 | -2.6% |
| Intangible fixed assets | 21 | €5,513 | €4,213 | -€1,300 | -23.6% |
| Tangible fixed assets | 22/27 | - | €1,159 | +€1,159 | |
| Plant, machinery and equipment | 23 | - | €1,159 | +€1,159 | |
| Current assets | 29/58 | €30,463 | €31,971 | +€1,508 | +5.0% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,067 | €13,144 | -€9,922 | -43.0% |
| Trade receivables | 40 | €14,650 | €7,930 | -€6,721 | -45.9% |
| Other amounts receivable | 41 | €8,417 | €5,215 | -€3,202 | -38.0% |
| Cash at bank and in hand | 54/58 | €5,896 | €17,326 | +€11,431 | +194% |
| Total equity and liabilities | 10/49 | €35,976 | €37,343 | +€1,367 | +3.8% |
| Equity | 10/15 | €22,063 | €26,598 | +€4,535 | +20.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,063 | €24,598 | +€4,535 | +22.6% |
| Amounts payable | 17/49 | €13,913 | €10,745 | -€3,168 | -22.8% |
| Amounts payable within one year | 42/48 | €13,913 | €10,745 | -€3,168 | -22.8% |
| Trade debts | 44 | €4,459 | €1,717 | -€2,743 | -61.5% |
| Suppliers | 440/4 | €4,459 | €1,717 | -€2,743 | -61.5% |
| Taxes, remuneration and social security | 45 | €9,454 | €9,028 | -€425 | -4.5% |
| Taxes | 450/3 | €9,454 | €9,028 | -€425 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €987 | €1,421 | +€435 | +44.1% |
| Other operating charges | 640/8 | €1,347 | €407 | -€941 | -69.8% |
| Gross operating margin | 9900 | €29,031 | €7,221 | -€21,810 | -75.1% |
| Operating profit (loss) | 9901 | €26,697 | €5,393 | -€21,304 | -79.8% |
| Financial income | 75/76B | €308 | €603 | +€296 | +96.0% |
| Recurring financial income | 75 | €308 | €603 | +€296 | +96.0% |
| Financial charges | 65/66B | €180 | €213 | +€33 | +18.2% |
| Recurring financial charges | 65 | €180 | €213 | +€33 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €26,825 | €5,783 | -€21,041 | -78.4% |
| Income taxes | 67/77 | €6,761 | €1,248 | -€5,513 | -81.5% |
| Profit (loss) for the period | 9904 | €20,063 | €4,535 | -€15,528 | -77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,063 | €4,535 | -€15,528 | -77.4% |
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.