KOEKEN TROEF: 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.
KOEKEN TROEF
Largest movements
- Cash +€372,568
up €372,568 (+716%), from €52,034 to €424,601
mainly Net result for the year (+€182,658) and Trade debts (+€127,746)
- Stocks and contracts -€55,398
no longer reported in 2025 (was €55,398)
- Tangible fixed assets -€35,753
down €35,753 (-18.6%), from €191,885 to €156,132
of which Plant, machinery and equipment: -€38,904
- Receivables within one year +€21,970
up €21,970 (+4.1%), from €533,932 to €555,902
of which Trade receivables: +€26,798
- Profit (loss) carried forward +€182,658
up €182,658 (+26.1%), from €698,633 to €881,291
- Trade debts +€127,746
up €127,746 (+913%), from €13,991 to €141,737
- Gross operating margin +€146,199
up €146,199 (+145%), from €100,509 to €246,708
- Staff costs -€22,659
down €22,659 (-52.7%), from €43,028 to €20,369
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 | €835,154 | €1,138,545 | +€303,391 | +36.3% |
| Fixed assets | 21/28 | €192,195 | €156,442 | -€35,753 | -18.6% |
| Tangible fixed assets | 22/27 | €191,885 | €156,132 | -€35,753 | -18.6% |
| Plant, machinery and equipment | 23 | €175,217 | €136,313 | -€38,904 | -22.2% |
| Furniture and vehicles | 24 | €16,668 | €19,819 | +€3,152 | +18.9% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €642,959 | €982,103 | +€339,143 | +52.7% |
| Amounts receivable after more than one year | 29 | €1,500 | €1,500 | = | 0.0% |
| Other amounts receivable | 291 | €1,500 | €1,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €55,398 | - | -€55,398 | |
| Contracts in progress | 37 | €55,398 | - | -€55,398 | |
| Amounts receivable within one year | 40/41 | €533,932 | €555,902 | +€21,970 | +4.1% |
| Trade receivables | 40 | €249,216 | €276,014 | +€26,798 | +10.8% |
| Other amounts receivable | 41 | €284,716 | €279,888 | -€4,828 | -1.7% |
| Cash at bank and in hand | 54/58 | €52,034 | €424,601 | +€372,568 | +716% |
| Deferred charges and accrued income | 490/1 | €96 | €99 | +€3 | +3.1% |
| Total equity and liabilities | 10/49 | €835,154 | €1,138,545 | +€303,391 | +36.3% |
| Equity | 10/15 | €808,633 | €991,291 | +€182,658 | +22.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €698,633 | €881,291 | +€182,658 | +26.1% |
| Amounts payable | 17/49 | €26,521 | €147,254 | +€120,732 | +455% |
| Amounts payable within one year | 42/48 | €26,521 | €147,254 | +€120,732 | +455% |
| Trade debts | 44 | €13,991 | €141,737 | +€127,746 | +913% |
| Suppliers | 440/4 | €13,991 | €141,737 | +€127,746 | +913% |
| Taxes, remuneration and social security | 45 | €12,033 | €5,517 | -€6,516 | -54.2% |
| Taxes | 450/3 | €6,496 | €5,517 | -€979 | -15.1% |
| Remuneration and social security | 454/9 | €5,537 | - | -€5,537 | |
| Other amounts payable | 47/48 | €497 | - | -€497 | |
| Remuneration, social security and pensions | 62 | €43,028 | €20,369 | -€22,659 | -52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,376 | €42,666 | -€710 | -1.6% |
| Other operating charges | 640/8 | €1,754 | €1,111 | -€643 | -36.6% |
| Gross operating margin | 9900 | €100,509 | €246,708 | +€146,199 | +145% |
| Operating profit (loss) | 9901 | €12,351 | €182,562 | +€170,211 | +1,378% |
| Financial income | 75/76B | €473 | €956 | +€482 | +102% |
| Recurring financial income | 75 | €473 | €956 | +€482 | +102% |
| Financial charges | 65/66B | €344 | €492 | +€148 | +43.1% |
| Recurring financial charges | 65 | €344 | €492 | +€148 | +43.1% |
| Profit (loss) for the period before taxes | 9903 | €12,480 | €183,025 | +€170,545 | +1,367% |
| Income taxes | 67/77 | €440 | €367 | -€73 | -16.5% |
| Profit (loss) for the period | 9904 | €12,040 | €182,658 | +€170,618 | +1,417% |
| Profit (loss) for the period to be appropriated | 9905 | €12,040 | €182,658 | +€170,618 | +1,417% |
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 20 October 2026 via checked.be.