Koeketien: 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.
Koeketien
Largest movements
- Tangible fixed assets +€215,400
up €215,400 (+32934.8%), from €654 to €216,054
of which Land and buildings: +€215,628
- Cash +€13,914
up €13,914 (+332.7%), from €4,183 to €18,096
mainly Debts after one year (+€182,076) and Accrued charges and deferred income (+€27,602)
- Receivables within one year +€13,066
up €13,066 (+81.6%), from €16,015 to €29,081
of which Trade receivables: +€15,724
- Debts after one year +€182,076
new in 2025: €182,076
- Accrued charges and deferred income +€27,602
up €27,602 (+4675.5%), from €590 to €28,192
- Other debts +€24,239
new in 2025: €24,239
- Current portion of long-term debt +€11,220
new in 2025: €11,220
- Tax, wage and social debts -€4,229
down €4,229 (-52.4%), from €8,075 to €3,846
- Gross operating margin +€11,092
up €11,092 (+258.9%), from €4,284 to €15,376
- Depreciation +€8,303
up €8,303 (+3641.6%), from €228 to €8,531
- Financial charges +€3,754
up €3,754 (+1327.0%), from €283 to €4,037
- Other operating charges +€1,068
up €1,068 (+170.6%), from €626 to €1,694
- Taxes -€785
down €785 (-43.6%), from €1,800 to €1,015
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 | €26,979 | €271,657 | +€244,679 | +906.9% |
| Fixed assets | 21/28 | €1,154 | €216,554 | +€215,400 | +18665.2% |
| Tangible fixed assets | 22/27 | €654 | €216,054 | +€215,400 | +32934.8% |
| Land and buildings | 22 | - | €215,628 | +€215,628 | |
| Other tangible fixed assets | 26 | €654 | €426 | -€228 | -34.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €25,824 | €55,103 | +€29,279 | +113.4% |
| Stocks and contracts in progress | 3 | €5,227 | €7,461 | +€2,234 | +42.7% |
| Stocks | 30/36 | €5,227 | €7,461 | +€2,234 | +42.7% |
| Amounts receivable within one year | 40/41 | €16,015 | €29,081 | +€13,066 | +81.6% |
| Trade receivables | 40 | €3,334 | €19,058 | +€15,724 | +471.6% |
| Other amounts receivable | 41 | €12,681 | €10,023 | -€2,658 | -21.0% |
| Cash at bank and in hand | 54/58 | €4,183 | €18,096 | +€13,914 | +332.7% |
| Deferred charges and accrued income | 490/1 | €400 | €465 | +€65 | +16.1% |
| Total equity and liabilities | 10/49 | €26,979 | €271,657 | +€244,679 | +906.9% |
| Equity | 10/15 | €16,126 | €16,674 | +€548 | +3.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,126 | €11,674 | +€548 | +4.9% |
| Amounts payable | 17/49 | €10,853 | €254,983 | +€244,131 | +2249.5% |
| Amounts payable after more than one year | 17 | - | €182,076 | +€182,076 | |
| Financial debts | 170/4 | - | €182,076 | +€182,076 | |
| Amounts payable within one year | 42/48 | €10,262 | €44,715 | +€34,453 | +335.7% |
| Current portion of amounts payable after more than one year | 42 | - | €11,220 | +€11,220 | |
| Trade debts | 44 | €2,187 | €5,410 | +€3,223 | +147.3% |
| Suppliers | 440/4 | €2,187 | €5,410 | +€3,223 | +147.3% |
| Taxes, remuneration and social security | 45 | €8,075 | €3,846 | -€4,229 | -52.4% |
| Taxes | 450/3 | €8,075 | €3,846 | -€4,229 | -52.4% |
| Other amounts payable | 47/48 | - | €24,239 | +€24,239 | |
| Accrued charges and deferred income | 492/3 | €590 | €28,192 | +€27,602 | +4675.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228 | €8,531 | +€8,303 | +3641.6% |
| Other operating charges | 640/8 | €626 | €1,694 | +€1,068 | +170.6% |
| Gross operating margin | 9900 | €4,284 | €15,376 | +€11,092 | +258.9% |
| Operating profit (loss) | 9901 | €3,431 | €5,152 | +€1,721 | +50.2% |
| Financial income | 75/76B | €359 | €448 | +€89 | +24.8% |
| Recurring financial income | 75 | €359 | €448 | +€89 | +24.8% |
| Financial charges | 65/66B | €283 | €4,037 | +€3,754 | +1327.0% |
| Recurring financial charges | 65 | €283 | €4,037 | +€3,754 | +1327.0% |
| Profit (loss) for the period before taxes | 9903 | €3,506 | €1,563 | -€1,944 | -55.4% |
| Income taxes | 67/77 | €1,800 | €1,015 | -€785 | -43.6% |
| Profit (loss) for the period | 9904 | €1,706 | €548 | -€1,158 | -67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,706 | €548 | -€1,158 | -67.9% |
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 12 October 2026 via checked.be.