KOEKenEI: what changed
Two fiscal 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.
KOEKenEI
Largest movements
- Receivables within one year +€19,013
up €19,013 (+58.7%), from €32,399 to €51,413
of which Trade receivables: +€15,887
- Cash -€12,069
down €12,069 (-18.9%), from €63,873 to €51,804
mainly Receivables within one year (-€19,013) and Net result for the year (-€1,004)
- Tangible fixed assets -€6,485
down €6,485 (-44.2%), from €14,673 to €8,187
of which Furniture and vehicles: -€5,397
- Tax, wage and social debts +€1,463
up €1,463 (+18.6%), from €7,858 to €9,321
of which Remuneration and social security: +€3,278
- Staff costs +€5,718
up €5,718 (+23.5%), from €24,302 to €30,020
- Gross operating margin +€3,791
up €3,791 (+10.6%), from €35,701 to €39,492
- Depreciation -€1,895
down €1,895 (-22.6%), from €8,380 to €6,485
- Other operating charges -€673
down €673 (-47.8%), from €1,408 to €735
- Taxes -€458
down €458 (-16.1%), from €2,840 to €2,382
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.
Cash bridge derived
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 | €110,945 | €111,404 | +€459 | +0.4% |
| Fixed assets | 21/28 | €14,673 | €8,187 | -€6,485 | -44.2% |
| Tangible fixed assets | 22/27 | €14,673 | €8,187 | -€6,485 | -44.2% |
| Land and buildings | 22 | €3,309 | €2,959 | -€350 | -10.6% |
| Plant, machinery and equipment | 23 | €950 | €212 | -€738 | -77.7% |
| Furniture and vehicles | 24 | €10,414 | €5,017 | -€5,397 | -51.8% |
| Current assets | 29/58 | €96,272 | €103,216 | +€6,944 | +7.2% |
| Amounts receivable within one year | 40/41 | €32,399 | €51,413 | +€19,013 | +58.7% |
| Trade receivables | 40 | €18,138 | €34,025 | +€15,887 | +87.6% |
| Other amounts receivable | 41 | €14,261 | €17,387 | +€3,126 | +21.9% |
| Cash at bank and in hand | 54/58 | €63,873 | €51,804 | -€12,069 | -18.9% |
| Total equity and liabilities | 10/49 | €110,945 | €111,404 | +€459 | +0.4% |
| Equity | 10/15 | €97,300 | €96,296 | -€1,004 | -1.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €63,400 | €63,400 | = | 0.0% |
| Distributable reserves | 133 | €63,400 | €63,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,900 | €29,896 | -€1,004 | -3.2% |
| Amounts payable | 17/49 | €13,645 | €15,108 | +€1,463 | +10.7% |
| Amounts payable within one year | 42/48 | €13,645 | €15,108 | +€1,463 | +10.7% |
| Taxes, remuneration and social security | 45 | €7,858 | €9,321 | +€1,463 | +18.6% |
| Taxes | 450/3 | €3,838 | €2,023 | -€1,815 | -47.3% |
| Remuneration and social security | 454/9 | €4,020 | €7,298 | +€3,278 | +81.5% |
| Other amounts payable | 47/48 | €5,787 | €5,787 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €24,302 | €30,020 | +€5,718 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,380 | €6,485 | -€1,895 | -22.6% |
| Other operating charges | 640/8 | €1,408 | €735 | -€673 | -47.8% |
| Gross operating margin | 9900 | €35,701 | €39,492 | +€3,791 | +10.6% |
| Operating profit (loss) | 9901 | €1,611 | €2,251 | +€641 | +39.8% |
| Financial income | 75/76B | €260 | €3 | -€257 | -98.7% |
| Recurring financial income | 75 | €260 | €3 | -€257 | -98.7% |
| Financial charges | 65/66B | €935 | €876 | -€58 | -6.3% |
| Recurring financial charges | 65 | €935 | €876 | -€58 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €936 | €1,378 | +€442 | +47.3% |
| Income taxes | 67/77 | €2,840 | €2,382 | -€458 | -16.1% |
| Profit (loss) for the period | 9904 | -€1,905 | -€1,004 | +€901 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,905 | -€1,004 | +€901 | +47.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.