KOEKETINE: 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.
KOEKETINE
Largest movements
- Intangible fixed assets -€197,290
down €197,290 (-66.7%), from €295,935 to €98,645
- Tangible fixed assets +€5,817
up €5,817 (+17.2%), from €33,857 to €39,674
of which Plant, machinery and equipment: +€11,704
- Stocks and contracts -€4,157
down €4,157 (-30.4%), from €13,657 to €9,500
- Reserves -€189,102
down €189,102 (-61.2%), from €309,002 to €119,899
of which Distributable reserves: -€189,102
- Other debts -€10,500
down €10,500 (-68.9%), from €15,243 to €4,743
- Trade debts +€9,418
up €9,418 (+225%), from €4,193 to €13,611
- Debts after one year -€7,664
down €7,664 (-49.2%), from €15,573 to €7,909
- Tax, wage and social debts +€5,875
up €5,875 (+335%), from €1,754 to €7,629
- Depreciation +€202,457
up €202,457 (+8,458%), from €2,394 to €204,850
- Taxes +€3,911
up €3,911 (+225%), from €1,740 to €5,650
- Gross operating margin +€1,944
up €1,944 (+7.0%), from €27,966 to €29,910
- Other operating charges +€1,546
up €1,546 (+28.4%), from €5,449 to €6,995
- Staff costs +€684
up €684, from -€684 to €0
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 | €359,392 | €167,657 | -€191,736 | -53.3% |
| Fixed assets | 21/28 | €340,575 | €149,102 | -€191,473 | -56.2% |
| Intangible fixed assets | 21 | €295,935 | €98,645 | -€197,290 | -66.7% |
| Tangible fixed assets | 22/27 | €33,857 | €39,674 | +€5,817 | +17.2% |
| Land and buildings | 22 | €573 | €476 | -€96 | -16.8% |
| Plant, machinery and equipment | 23 | €5,384 | €17,089 | +€11,704 | +217% |
| Furniture and vehicles | 24 | €27,900 | €22,109 | -€5,791 | -20.8% |
| Financial fixed assets | 28 | €10,783 | €10,783 | = | 0.0% |
| Current assets | 29/58 | €18,817 | €18,555 | -€262 | -1.4% |
| Stocks and contracts in progress | 3 | €13,657 | €9,500 | -€4,157 | -30.4% |
| Stocks | 30/36 | €13,657 | €9,500 | -€4,157 | -30.4% |
| Amounts receivable within one year | 40/41 | €842 | €1,701 | +€859 | +102% |
| Trade receivables | 40 | €672 | €1,701 | +€1,028 | +153% |
| Other amounts receivable | 41 | €170 | €0 | -€170 | -100% |
| Cash at bank and in hand | 54/58 | €4,111 | €6,248 | +€2,137 | +52.0% |
| Deferred charges and accrued income | 490/1 | €207 | €1,106 | +€899 | +434% |
| Total equity and liabilities | 10/49 | €359,392 | €167,657 | -€191,736 | -53.3% |
| Equity | 10/15 | €315,202 | €126,099 | -€189,102 | -60.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €309,002 | €119,899 | -€189,102 | -61.2% |
| Tax-exempt reserves | 132 | €31,000 | €31,000 | = | 0.0% |
| Distributable reserves | 133 | €278,002 | €88,899 | -€189,102 | -68.0% |
| Amounts payable | 17/49 | €44,191 | €41,557 | -€2,633 | -6.0% |
| Amounts payable after more than one year | 17 | €15,573 | €7,909 | -€7,664 | -49.2% |
| Financial debts | 170/4 | €15,573 | €7,909 | -€7,664 | -49.2% |
| Amounts payable within one year | 42/48 | €28,617 | €33,648 | +€5,031 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €7,427 | €7,664 | +€238 | +3.2% |
| Trade debts | 44 | €4,193 | €13,611 | +€9,418 | +225% |
| Suppliers | 440/4 | €4,193 | €13,611 | +€9,418 | +225% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,754 | €7,629 | +€5,875 | +335% |
| Taxes | 450/3 | €1,754 | €7,629 | +€5,875 | +335% |
| Other amounts payable | 47/48 | €15,243 | €4,743 | -€10,500 | -68.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€684 | €0 | +€684 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,394 | €204,850 | +€202,457 | +8,458% |
| Other operating charges | 640/8 | €5,449 | €6,995 | +€1,546 | +28.4% |
| Gross operating margin | 9900 | €27,966 | €29,910 | +€1,944 | +7.0% |
| Operating profit (loss) | 9901 | €20,807 | -€181,935 | -€202,742 | |
| Financial income | 75/76B | €937 | €389 | -€548 | -58.5% |
| Recurring financial income | 75 | €937 | €389 | -€548 | -58.5% |
| Financial charges | 65/66B | €1,278 | €1,906 | +€628 | +49.1% |
| Recurring financial charges | 65 | €1,278 | €1,906 | +€628 | +49.1% |
| Profit (loss) for the period before taxes | 9903 | €20,466 | -€183,452 | -€203,918 | |
| Income taxes | 67/77 | €1,740 | €5,650 | +€3,911 | +225% |
| Profit (loss) for the period | 9904 | €18,726 | -€189,102 | -€207,828 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,726 | -€189,102 | -€207,828 |
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 21 October 2026 via checked.be.