KOEKELKOREN: 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.
KOEKELKOREN
Largest movements
- Tangible fixed assets -€4,828
down €4,828 (-33.0%), from €14,639 to €9,811
of which Furniture and vehicles: -€3,544
- Receivables within one year +€666
up €666 (+142%), from €469 to €1,134
of which Trade receivables: +€822
- Cash -€255
down €255 (-17.8%), from €1,434 to €1,179
mainly Current portion of long-term debt (-€4,887) and Net result for the year (-€3,172)
- Current portion of long-term debt -€4,887
no longer reported in 2025 (was €4,887)
- Other debts +€3,198
up €3,198 (+123%), from €2,599 to €5,797
- Profit (loss) carried forward -€3,172
down €3,172 (-88.8%), from -€3,572 to -€6,744
- Trade debts +€474
up €474 (+500%), from €95 to €568
- Gross operating margin -€10,745
down €10,745 (-68.8%), from €15,608 to €4,863
- Depreciation -€1,534
down €1,534 (-17.6%), from €8,732 to €7,198
- Financial charges -€247
down €247 (-53.1%), from €464 to €218
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 | €16,773 | €12,372 | -€4,401 | -26.2% |
| Fixed assets | 21/28 | €14,639 | €9,811 | -€4,828 | -33.0% |
| Tangible fixed assets | 22/27 | €14,639 | €9,811 | -€4,828 | -33.0% |
| Plant, machinery and equipment | 23 | €8,146 | €6,861 | -€1,284 | -15.8% |
| Furniture and vehicles | 24 | €6,493 | €2,949 | -€3,544 | -54.6% |
| Current assets | 29/58 | €2,134 | €2,561 | +€427 | +20.0% |
| Amounts receivable within one year | 40/41 | €469 | €1,134 | +€666 | +142% |
| Trade receivables | 40 | €183 | €1,005 | +€822 | +449% |
| Other amounts receivable | 41 | €286 | €129 | -€157 | -54.8% |
| Cash at bank and in hand | 54/58 | €1,434 | €1,179 | -€255 | -17.8% |
| Deferred charges and accrued income | 490/1 | €232 | €248 | +€16 | +7.0% |
| Total equity and liabilities | 10/49 | €16,773 | €12,372 | -€4,401 | -26.2% |
| Equity | 10/15 | €8,828 | €5,656 | -€3,172 | -35.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,572 | -€6,744 | -€3,172 | -88.8% |
| Amounts payable | 17/49 | €7,945 | €6,715 | -€1,230 | -15.5% |
| Amounts payable within one year | 42/48 | €7,945 | €6,715 | -€1,230 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €4,887 | - | -€4,887 | |
| Trade debts | 44 | €95 | €568 | +€474 | +500% |
| Suppliers | 440/4 | €95 | €568 | +€474 | +500% |
| Taxes, remuneration and social security | 45 | €364 | €350 | -€14 | -3.8% |
| Taxes | 450/3 | €364 | €350 | -€14 | -3.8% |
| Other amounts payable | 47/48 | €2,599 | €5,797 | +€3,198 | +123% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,732 | €7,198 | -€1,534 | -17.6% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €15,608 | €4,863 | -€10,745 | -68.8% |
| Operating profit (loss) | 9901 | €6,427 | -€2,797 | -€9,224 | |
| Financial income | 75/76B | €5 | €19 | +€14 | +278% |
| Recurring financial income | 75 | €5 | €19 | +€14 | +278% |
| Financial charges | 65/66B | €464 | €218 | -€247 | -53.1% |
| Recurring financial charges | 65 | €464 | €218 | -€247 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | €5,967 | -€2,996 | -€8,963 | |
| Income taxes | 67/77 | €174 | €176 | +€2 | +0.9% |
| Profit (loss) for the period | 9904 | €5,793 | -€3,172 | -€8,965 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,793 | -€3,172 | -€8,965 |
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 26 October 2026 via checked.be.