Koekenbak: 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.
Koekenbak
Largest movements
- Cash +€78,741
up €78,741 (+507%), from €15,542 to €94,283
mainly Net result for the year (+€32,457) and Depreciation (+€24,264)
- Tangible fixed assets -€24,264
down €24,264 (-30.1%), from €80,684 to €56,421
of which Furniture and vehicles: -€22,903
- Receivables within one year +€9,732
up €9,732 (+33.3%), from €29,237 to €38,968
of which Trade receivables: +€9,832
- Reserves +€32,457
up €32,457 (+753%), from €4,312 to €36,770
- Other debts +€21,508
up €21,508 (+127%), from €16,950 to €38,457
- Tax, wage and social debts +€10,921
up €10,921 (+2,293%), from €476 to €11,397
- Trade debts -€4,085
down €4,085 (-47.4%), from €8,610 to €4,525
- Accrued charges and deferred income +€2,732
up €2,732 (+402%), from €680 to €3,411
- Gross operating margin +€41,091
up €41,091 (+144%), from €28,475 to €69,566
- Taxes +€7,704
up €7,704 (+1,617%), from €476 to €8,180
- Financial charges +€2,759
up €2,759 (+390%), from €707 to €3,465
- Depreciation +€2,010
up €2,010 (+9.0%), from €22,254 to €24,264
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 | €131,028 | €194,561 | +€63,533 | +48.5% |
| Fixed assets | 21/28 | €83,909 | €59,646 | -€24,264 | -28.9% |
| Tangible fixed assets | 22/27 | €80,684 | €56,421 | -€24,264 | -30.1% |
| Plant, machinery and equipment | 23 | €1,864 | €503 | -€1,361 | -73.0% |
| Furniture and vehicles | 24 | €78,820 | €55,918 | -€22,903 | -29.1% |
| Financial fixed assets | 28 | €3,225 | €3,225 | = | 0.0% |
| Current assets | 29/58 | €47,119 | €134,916 | +€87,797 | +186% |
| Stocks and contracts in progress | 3 | €1,639 | €221 | -€1,418 | -86.5% |
| Stocks | 30/36 | €1,639 | €221 | -€1,418 | -86.5% |
| Amounts receivable within one year | 40/41 | €29,237 | €38,968 | +€9,732 | +33.3% |
| Trade receivables | 40 | €29,136 | €38,968 | +€9,832 | +33.7% |
| Other amounts receivable | 41 | €100 | €0 | -€100 | -100% |
| Cash at bank and in hand | 54/58 | €15,542 | €94,283 | +€78,741 | +507% |
| Deferred charges and accrued income | 490/1 | €701 | €1,444 | +€743 | +106% |
| Total equity and liabilities | 10/49 | €131,028 | €194,561 | +€63,533 | +48.5% |
| Equity | 10/15 | €54,312 | €86,770 | +€32,457 | +59.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €4,312 | €36,770 | +€32,457 | +753% |
| Distributable reserves | 133 | €4,312 | €36,770 | +€32,457 | +753% |
| Amounts payable | 17/49 | €76,716 | €107,792 | +€31,076 | +40.5% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,036 | €54,380 | +€28,344 | +109% |
| Trade debts | 44 | €8,610 | €4,525 | -€4,085 | -47.4% |
| Suppliers | 440/4 | €8,610 | €4,525 | -€4,085 | -47.4% |
| Taxes, remuneration and social security | 45 | €476 | €11,397 | +€10,921 | +2,293% |
| Taxes | 450/3 | €476 | €11,397 | +€10,921 | +2,293% |
| Other amounts payable | 47/48 | €16,950 | €38,457 | +€21,508 | +127% |
| Accrued charges and deferred income | 492/3 | €680 | €3,411 | +€2,732 | +402% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,254 | €24,264 | +€2,010 | +9.0% |
| Other operating charges | 640/8 | €731 | €1,209 | +€478 | +65.4% |
| Gross operating margin | 9900 | €28,475 | €69,566 | +€41,091 | +144% |
| Operating profit (loss) | 9901 | €5,490 | €44,093 | +€38,603 | +703% |
| Financial income | 75/76B | €5 | €10 | +€4 | +82.2% |
| Recurring financial income | 75 | €5 | €10 | +€4 | +82.2% |
| Financial charges | 65/66B | €707 | €3,465 | +€2,759 | +390% |
| Recurring financial charges | 65 | €707 | €3,465 | +€2,759 | +390% |
| Profit (loss) for the period before taxes | 9903 | €4,789 | €40,638 | +€35,849 | +749% |
| Income taxes | 67/77 | €476 | €8,180 | +€7,704 | +1,617% |
| Profit (loss) for the period | 9904 | €4,312 | €32,457 | +€28,145 | +653% |
| Profit (loss) for the period to be appropriated | 9905 | €4,312 | €32,457 | +€28,145 | +653% |
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 14 October 2026 via checked.be.