KOEL RETAIL TECHNOLOGIES: 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.
What changed
KOEL RETAIL TECHNOLOGIES
NACE 46.190, Agents in non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€684,208
2024 · €219,891+€464,318
Equity
€2.4m
2024 · €1.7m+€684,208
Cash
€1.7m
2024 · €2.3m-€562,393
Balance sheet total
€4.6m
2024 · €6.7m-€2.1m
Largest movements
Assets
- Receivables after one year -€1.2m
down €1.2m (-85.6%), from €1.4m to €200,000
- Cash -€562,393
down €562,393 (-24.7%), from €2.3m to €1.7m
mainly Debts after one year (-€3.1m) and Accrued charges and deferred income (-€107,444)
- Stocks and contracts -€282,567
down €282,567 (-66.7%), from €423,656 to €141,089
Equity and liabilities
- Debts after one year -€3.1m
no longer reported in 2025 (was €3.1m)
- Profit (loss) carried forward +€684,208
up €684,208 (+43.4%), from €1.6m to €2.3m
- Trade debts +€508,612
up €508,612 (+39.3%), from €1.3m to €1.8m
- Accrued charges and deferred income -€107,444
down €107,444 (-100.0%), from €107,473 to €29
Income statement
- Turnover -€13.6m
no longer reported in 2025 (was €13.6m)
- Goods and materials -€10.5m
no longer reported in 2025 (was €10.5m)
of which Purchases: -€9.3m
- Services and other goods -€1.6m
no longer reported in 2025 (was €1.6m)
- Gross operating margin +€1.2m
new in 2025: €1.2m
- Financial income +€831,786
up €831,786 (+1,196%), from €69,560 to €901,345
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.
Result 2024
€219,891
Turnover
-€13.6m
Other operating income
-€85,865
Goods and materials
+€10.5m
Services and other goods
+€1.6m
Staff costs
-€252,955
Depreciation
-€4,385
Provisions
-€1,157
Other operating charges
-€1,600
Other operating items
+€1.2m
Financial income
+€831,786
Financial charges
+€119,221
Taxes
+€147,716
Result 2025
€684,208
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.5m
Investment
-€23,483
Financing
-€3.1m
Cash 2024
€2.3m
From operations (derived)
+€2.5m
Net result for the year
+€684,208
Depreciation
+€14,588
Receivables after one year
+€1.2m
Stocks and contracts
+€282,567
Smaller working-capital items
+€6,989
Deferred charges and accrued income
+€38,704
Provisions
-€20,598
Trade debts
+€508,612
Other debts
-€52,258
Accrued charges and deferred income
-€107,444
Investment (derived)
-€23,483
Investment in fixed assets (net)
-€23,483
Financing
-€3.1m
Debts after one year
-€3.1m
Cash 2025
€1.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,716,107 | €4,646,965 | -€2.1m | -30.8% |
| Fixed assets | 21/28 | €385,137 | €394,031 | +€8,894 | +2.3% |
| Intangible fixed assets | 21 | €1,137 | - | -€1,137 | |
| Tangible fixed assets | 22/27 | €24,457 | €34,488 | +€10,031 | +41.0% |
| Land and buildings | 22 | €10,373 | €6,887 | -€3,487 | -33.6% |
| Plant, machinery and equipment | 23 | €3,332 | €16,928 | +€13,596 | +408% |
| Furniture and vehicles | 24 | €10,752 | €10,674 | -€78 | -0.7% |
| Financial fixed assets | 28 | €359,543 | €359,543 | = | 0.0% |
| Affiliated companies | 280/1 | €339,019 | - | -€339,019 | |
| Participating interests | 280 | €339,019 | - | -€339,019 | |
| Other financial fixed assets | 284/8 | €20,524 | - | -€20,524 | |
| Amounts receivable and cash guarantees | 285/8 | €20,524 | - | -€20,524 | |
| Current assets | 29/58 | €6,330,970 | €4,252,934 | -€2.1m | -32.8% |
| Amounts receivable after more than one year | 29 | €1,392,750 | €200,000 | -€1.2m | -85.6% |
| Other amounts receivable | 291 | €1,392,750 | €200,000 | -€1.2m | -85.6% |
| Stocks and contracts in progress | 3 | €423,656 | €141,089 | -€282,567 | -66.7% |
| Stocks | 30/36 | €423,656 | €141,089 | -€282,567 | -66.7% |
| Goods purchased for resale | 34 | €423,656 | - | -€423,656 | |
| Amounts receivable within one year | 40/41 | €2,132,493 | €2,130,872 | -€1,621 | -0.1% |
| Trade receivables | 40 | €1,930,245 | €2,003,627 | +€73,381 | +3.8% |
| Other amounts receivable | 41 | €202,248 | €127,246 | -€75,002 | -37.1% |
| Cash at bank and in hand | 54/58 | €2,279,277 | €1,716,883 | -€562,393 | -24.7% |
| Deferred charges and accrued income | 490/1 | €102,794 | €64,090 | -€38,704 | -37.7% |
| Total equity and liabilities | 10/49 | €6,716,107 | €4,646,965 | -€2.1m | -30.8% |
| Equity | 10/15 | €1,721,113 | €2,405,321 | +€684,208 | +39.8% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €3,100 | €3,100 | = | 0.0% |
| Distributable reserves | 133 | €3,100 | €3,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,578,013 | €2,262,221 | +€684,208 | +43.4% |
| Provisions and deferred taxes | 16 | €140,110 | €119,512 | -€20,598 | -14.7% |
| Provisions for liabilities and charges | 160/5 | €140,110 | €119,512 | -€20,598 | -14.7% |
| Other liabilities and charges | 164/5 | €140,110 | €119,512 | -€20,598 | -14.7% |
| Amounts payable | 17/49 | €4,854,884 | €2,122,132 | -€2.7m | -56.3% |
| Amounts payable after more than one year | 17 | €3,087,029 | - | -€3.1m | |
| Financial debts | 170/4 | €3,087,029 | - | -€3.1m | |
| Other loans | 174 | €3,087,029 | - | -€3.1m | |
| Amounts payable within one year | 42/48 | €1,660,381 | €2,122,103 | +€461,722 | +27.8% |
| Trade debts | 44 | €1,295,514 | €1,804,127 | +€508,612 | +39.3% |
| Suppliers | 440/4 | €1,295,514 | €1,804,127 | +€508,612 | +39.3% |
| Taxes, remuneration and social security | 45 | €273,689 | €279,056 | +€5,368 | +2.0% |
| Taxes | 450/3 | €150,350 | €134,300 | -€16,049 | -10.7% |
| Remuneration and social security | 454/9 | €123,339 | €144,756 | +€21,417 | +17.4% |
| Other amounts payable | 47/48 | €91,178 | €38,920 | -€52,258 | -57.3% |
| Accrued charges and deferred income | 492/3 | €107,473 | €29 | -€107,444 | -100.0% |
| Operating income | 70/76A | €13,675,265 | - | -€13.7m | |
| Turnover | 70 | €13,589,400 | - | -€13.6m | |
| Other operating income | 74 | €85,865 | - | -€85,865 | |
| Operating charges | 60/66A | €13,155,079 | - | -€13.2m | |
| Goods for resale, raw materials and consumables | 60 | €10,515,650 | - | -€10.5m | |
| Purchases | 600/8 | €9,283,201 | - | -€9.3m | |
| Change in stocks: decrease (increase) | 609 | €1,232,449 | - | -€1.2m | |
| Services and other goods | 61 | €1,577,242 | - | -€1.6m | |
| Remuneration, social security and pensions | 62 | €1,060,802 | €1,313,757 | +€252,955 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,203 | €14,588 | +€4,385 | +43.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€21,755 | -€20,598 | +€1,157 | +5.3% |
| Other operating charges | 640/8 | €12,938 | €14,537 | +€1,600 | +12.4% |
| Gross operating margin | 9900 | - | €1,208,066 | +€1.2m | |
| Operating profit (loss) | 9901 | €520,186 | -€114,218 | -€634,404 | |
| Financial income | 75/76B | €69,560 | €901,345 | +€831,786 | +1,196% |
| Recurring financial income | 75 | €69,560 | €901,345 | +€831,786 | +1,196% |
| Other financial income | 752/9 | €69,560 | - | -€69,560 | |
| Financial charges | 65/66B | €220,682 | €101,462 | -€119,221 | -54.0% |
| Recurring financial charges | 65 | €220,682 | €101,462 | -€119,221 | -54.0% |
| Debt charges | 650 | €90,052 | - | -€90,052 | |
| Other financial charges | 652/9 | €130,630 | - | -€130,630 | |
| Profit (loss) for the period before taxes | 9903 | €369,063 | €685,665 | +€316,602 | +85.8% |
| Income taxes | 67/77 | €149,173 | €1,457 | -€147,716 | -99.0% |
| Taxes | 670/3 | €149,173 | - | -€149,173 | |
| Profit (loss) for the period | 9904 | €219,891 | €684,208 | +€464,318 | +211% |
| Profit (loss) for the period to be appropriated | 9905 | €219,891 | €684,208 | +€464,318 | +211% |
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 27 October 2026 via checked.be.