KOELUIR: 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.
KOELUIR
Largest movements
- Tangible fixed assets +€47,989
up €47,989 (+171%), from €28,083 to €76,072
of which Leasing and similar rights: +€56,070
- Cash +€24,305
up €24,305 (+29.8%), from €81,540 to €105,844
mainly Debts after one year (+€47,249) and Net result for the year (+€39,882)
- Debts after one year +€47,249
up €47,249, from €0 to €47,249
- Reserves +€19,513
up €19,513 (+25.2%), from €77,446 to €96,959
of which Distributable reserves: +€19,513
- Current portion of long-term debt +€6,934
up €6,934 (+173%), from €4,000 to €10,934
- Other debts -€5,619
down €5,619 (-21.0%), from €26,776 to €21,156
- Tax, wage and social debts +€4,250
up €4,250 (+51.6%), from €8,237 to €12,487
- Gross operating margin +€13,891
up €13,891 (+21.2%), from €65,441 to €79,331
- Depreciation +€11,020
up €11,020 (+124%), from €8,877 to €19,897
- Financial charges +€2,088
up €2,088 (+812%), from €257 to €2,345
- Taxes +€1,120
up €1,120 (+8.0%), from €14,032 to €15,151
- Other operating charges +€830
up €830 (+68.8%), from €1,207 to €2,037
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 | €124,112 | €196,022 | +€71,910 | +57.9% |
| Fixed assets | 21/28 | €28,083 | €76,072 | +€47,989 | +171% |
| Tangible fixed assets | 22/27 | €28,083 | €76,072 | +€47,989 | +171% |
| Plant, machinery and equipment | 23 | €1,775 | €1,197 | -€578 | -32.6% |
| Furniture and vehicles | 24 | €26,308 | €18,805 | -€7,503 | -28.5% |
| Leasing and similar rights | 25 | - | €56,070 | +€56,070 | |
| Current assets | 29/58 | €96,029 | €119,950 | +€23,921 | +24.9% |
| Amounts receivable within one year | 40/41 | €13,304 | €13,304 | = | 0.0% |
| Trade receivables | 40 | €13,304 | €13,304 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €81,540 | €105,844 | +€24,305 | +29.8% |
| Deferred charges and accrued income | 490/1 | €1,185 | €802 | -€383 | -32.3% |
| Total equity and liabilities | 10/49 | €124,112 | €196,022 | +€71,910 | +57.9% |
| Equity | 10/15 | €83,647 | €103,161 | +€19,514 | +23.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €77,446 | €96,959 | +€19,513 | +25.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €77,446 | €96,959 | +€19,513 | +25.2% |
| Profit (loss) carried forward | 14 | €1 | €2 | +€1 | +89.9% |
| Amounts payable | 17/49 | €40,465 | €92,861 | +€52,396 | +129% |
| Amounts payable after more than one year | 17 | €0 | €47,249 | +€47,249 | |
| Financial debts | 170/4 | €0 | €47,249 | +€47,249 | |
| Amounts payable within one year | 42/48 | €40,465 | €45,613 | +€5,147 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €4,000 | €10,934 | +€6,934 | +173% |
| Trade debts | 44 | €1,453 | €1,035 | -€417 | -28.7% |
| Suppliers | 440/4 | €1,453 | €1,035 | -€417 | -28.7% |
| Taxes, remuneration and social security | 45 | €8,237 | €12,487 | +€4,250 | +51.6% |
| Taxes | 450/3 | €8,237 | €12,487 | +€4,250 | +51.6% |
| Other amounts payable | 47/48 | €26,776 | €21,156 | -€5,619 | -21.0% |
| Non-recurring operating income | 76A | €0 | €16,000 | +€16,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,877 | €19,897 | +€11,020 | +124% |
| Other operating charges | 640/8 | €1,207 | €2,037 | +€830 | +68.8% |
| Non-recurring operating charges | 66A | €0 | €435 | +€435 | |
| Gross operating margin | 9900 | €65,441 | €79,331 | +€13,891 | +21.2% |
| Operating profit (loss) | 9901 | €55,357 | €56,963 | +€1,606 | +2.9% |
| Financial income | 75/76B | €128 | €416 | +€288 | +224% |
| Recurring financial income | 75 | €128 | €416 | +€288 | +224% |
| Financial charges | 65/66B | €257 | €2,345 | +€2,088 | +812% |
| Recurring financial charges | 65 | €257 | €2,345 | +€2,088 | +812% |
| Profit (loss) for the period before taxes | 9903 | €55,228 | €55,033 | -€195 | -0.4% |
| Income taxes | 67/77 | €14,032 | €15,151 | +€1,120 | +8.0% |
| Profit (loss) for the period | 9904 | €41,197 | €39,882 | -€1,315 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,197 | €39,882 | -€1,315 | -3.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.