Koekuit: 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.
Koekuit
Largest movements
- Tangible fixed assets +€539,128
up €539,128 (+57.3%), from €941,139 to €1.5m
of which Land and buildings: +€539,371
- Cash -€35,807
down €35,807 (-80.8%), from €44,301 to €8,493
mainly Investment in fixed assets (net) (-€572,499) and Other debts (-€522,811)
- Debts after one year +€943,644
up €943,644 (+629.1%), from €150,000 to €1.1m
- Other debts -€522,811
down €522,811 (-100.0%), from €522,811 to €0
- Reserves +€53,884
up €53,884 (+23.8%), from €226,864 to €280,748
- Current portion of long-term debt +€50,000
up €50,000 (+100.0%), from €50,000 to €100,000
- Tax, wage and social debts -€22,741
down €22,741 (-53.2%), from €42,735 to €19,995
of which Taxes: -€22,741
- Depreciation -€14,137
down €14,137 (-25.4%), from €55,743 to €41,605
- Gross operating margin -€5,109
down €5,109 (-4.0%), from €126,427 to €121,318
- Financial charges +€4,164
up €4,164 (+179.0%), from €2,327 to €6,491
- Taxes +€1,567
up €1,567 (+9.4%), from €16,675 to €18,242
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 | €1,017,319 | €1,514,201 | +€496,882 | +48.8% |
| Fixed assets | 21/28 | €952,171 | €1,483,065 | +€530,894 | +55.8% |
| Intangible fixed assets | 21 | €10,936 | €2,702 | -€8,235 | -75.3% |
| Tangible fixed assets | 22/27 | €941,139 | €1,480,267 | +€539,128 | +57.3% |
| Land and buildings | 22 | €940,372 | €1,479,743 | +€539,371 | +57.4% |
| Plant, machinery and equipment | 23 | €767 | €524 | -€243 | -31.7% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €65,148 | €31,136 | -€34,012 | -52.2% |
| Amounts receivable within one year | 40/41 | €20,189 | €21,947 | +€1,758 | +8.7% |
| Trade receivables | 40 | €16,819 | €16,819 | = | 0.0% |
| Other amounts receivable | 41 | €3,370 | €5,128 | +€1,758 | +52.2% |
| Cash at bank and in hand | 54/58 | €44,301 | €8,493 | -€35,807 | -80.8% |
| Deferred charges and accrued income | 490/1 | €658 | €696 | +€38 | +5.8% |
| Total equity and liabilities | 10/49 | €1,017,319 | €1,514,201 | +€496,882 | +48.8% |
| Equity | 10/15 | €245,464 | €299,348 | +€53,884 | +22.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €226,864 | €280,748 | +€53,884 | +23.8% |
| Distributable reserves | 133 | €226,864 | €280,748 | +€53,884 | +23.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €771,855 | €1,214,854 | +€442,998 | +57.4% |
| Amounts payable after more than one year | 17 | €150,000 | €1,093,644 | +€943,644 | +629.1% |
| Financial debts | 170/4 | €150,000 | €1,093,644 | +€943,644 | +629.1% |
| Amounts payable within one year | 42/48 | €621,106 | €120,459 | -€500,646 | -80.6% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Trade debts | 44 | €5,559 | €465 | -€5,094 | -91.6% |
| Suppliers | 440/4 | €5,559 | €465 | -€5,094 | -91.6% |
| Taxes, remuneration and social security | 45 | €42,735 | €19,995 | -€22,741 | -53.2% |
| Taxes | 450/3 | €42,735 | €19,995 | -€22,741 | -53.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €522,811 | €0 | -€522,811 | -100.0% |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,743 | €41,605 | -€14,137 | -25.4% |
| Other operating charges | 640/8 | €2,409 | €1,958 | -€451 | -18.7% |
| Gross operating margin | 9900 | €126,427 | €121,318 | -€5,109 | -4.0% |
| Operating profit (loss) | 9901 | €68,276 | €77,755 | +€9,480 | +13.9% |
| Financial income | 75/76B | €357 | €862 | +€505 | +141.6% |
| Recurring financial income | 75 | €357 | €862 | +€505 | +141.6% |
| Financial charges | 65/66B | €2,327 | €6,491 | +€4,164 | +179.0% |
| Recurring financial charges | 65 | €2,327 | €6,491 | +€4,164 | +179.0% |
| Profit (loss) for the period before taxes | 9903 | €66,306 | €72,126 | +€5,820 | +8.8% |
| Income taxes | 67/77 | €16,675 | €18,242 | +€1,567 | +9.4% |
| Profit (loss) for the period | 9904 | €49,631 | €53,884 | +€4,253 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,631 | €53,884 | +€4,253 | +8.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.