Koekketroef: 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.
Koekketroef
Largest movements
- Tangible fixed assets +€33,593
up €33,593 (+537%), from €6,257 to €39,850
of which Leasing and similar rights: +€32,650
- Receivables within one year -€16,578
down €16,578 (-62.8%), from €26,393 to €9,814
of which Other amounts receivable: -€9,156
- Deferred charges and accrued income +€14,059
up €14,059 (+6,963%), from €202 to €14,261
- Cash +€3,889
up €3,889 (+4.0%), from €97,628 to €101,517
mainly Debts after one year (+€24,877) and Net result for the year (+€18,463)
- Debts after one year +€24,877
new in 2025: €24,877
- Current portion of long-term debt +€7,719
new in 2025: €7,719
- Reserves +€6,698
up €6,698 (+5.6%), from €119,448 to €126,146
- Tax, wage and social debts -€2,456
down €2,456 (-67.9%), from €3,615 to €1,160
- Gross operating margin +€18,263
up €18,263 (+97.4%), from €18,759 to €37,022
- Depreciation +€7,477
up €7,477 (+305%), from €2,451 to €9,929
- Taxes +€2,105
up €2,105 (+49.0%), from €4,293 to €6,398
- Financial charges +€1,381
up €1,381 (+1,128%), from €122 to €1,503
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 | €130,480 | €165,442 | +€34,963 | +26.8% |
| Fixed assets | 21/28 | €6,257 | €39,850 | +€33,593 | +537% |
| Tangible fixed assets | 22/27 | €6,257 | €39,850 | +€33,593 | +537% |
| Plant, machinery and equipment | 23 | - | €3,050 | +€3,050 | |
| Furniture and vehicles | 24 | €6,257 | €4,149 | -€2,107 | -33.7% |
| Leasing and similar rights | 25 | - | €32,650 | +€32,650 | |
| Current assets | 29/58 | €124,223 | €125,592 | +€1,369 | +1.1% |
| Amounts receivable within one year | 40/41 | €26,393 | €9,814 | -€16,578 | -62.8% |
| Trade receivables | 40 | €16,134 | €8,712 | -€7,422 | -46.0% |
| Other amounts receivable | 41 | €10,259 | €1,102 | -€9,156 | -89.3% |
| Cash at bank and in hand | 54/58 | €97,628 | €101,517 | +€3,889 | +4.0% |
| Deferred charges and accrued income | 490/1 | €202 | €14,261 | +€14,059 | +6,963% |
| Total equity and liabilities | 10/49 | €130,480 | €165,442 | +€34,963 | +26.8% |
| Equity | 10/15 | €122,448 | €129,146 | +€6,698 | +5.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €119,448 | €126,146 | +€6,698 | +5.6% |
| Distributable reserves | 133 | €119,448 | €126,146 | +€6,698 | +5.6% |
| Amounts payable | 17/49 | €8,032 | €36,296 | +€28,264 | +352% |
| Amounts payable after more than one year | 17 | - | €24,877 | +€24,877 | |
| Financial debts | 170/4 | - | €24,877 | +€24,877 | |
| Amounts payable within one year | 42/48 | €6,968 | €11,419 | +€4,450 | +63.9% |
| Current portion of amounts payable after more than one year | 42 | - | €7,719 | +€7,719 | |
| Trade debts | 44 | €1,648 | €1,058 | -€590 | -35.8% |
| Suppliers | 440/4 | €1,648 | €1,058 | -€590 | -35.8% |
| Taxes, remuneration and social security | 45 | €3,615 | €1,160 | -€2,456 | -67.9% |
| Taxes | 450/3 | €3,615 | €1,160 | -€2,456 | -67.9% |
| Other amounts payable | 47/48 | €1,705 | €1,482 | -€223 | -13.1% |
| Accrued charges and deferred income | 492/3 | €1,063 | - | -€1,063 | |
| Non-recurring operating income | 76A | - | €5,113 | +€5,113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,451 | €9,929 | +€7,477 | +305% |
| Other operating charges | 640/8 | €450 | €734 | +€284 | +62.9% |
| Gross operating margin | 9900 | €18,759 | €37,022 | +€18,263 | +97.4% |
| Operating profit (loss) | 9901 | €15,857 | €26,359 | +€10,502 | +66.2% |
| Financial income | 75/76B | €3 | €4 | +€1 | +21.8% |
| Recurring financial income | 75 | €3 | €4 | +€1 | +21.8% |
| Financial charges | 65/66B | €122 | €1,503 | +€1,381 | +1,128% |
| Recurring financial charges | 65 | €122 | €1,503 | +€1,381 | +1,128% |
| Profit (loss) for the period before taxes | 9903 | €15,738 | €24,860 | +€9,122 | +58.0% |
| Income taxes | 67/77 | €4,293 | €6,398 | +€2,105 | +49.0% |
| Profit (loss) for the period | 9904 | €11,445 | €18,463 | +€7,017 | +61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,445 | €18,463 | +€7,017 | +61.3% |
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 15 October 2026 via checked.be.