KOEN BECKERS: 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.
KOEN BECKERS
Largest movements
- Cash -€259,412
down €259,412 (-93.6%), from €277,218 to €17,806
mainly Contributions, distributions and other (-€713,118) and Debts after one year (-€250,000)
- Receivables within one year +€249,543
up €249,543 (+16.7%), from €1.5m to €1.7m
of which Other amounts receivable: +€193,063
- Current investments -€234,985
down €234,985 (-49.3%), from €476,330 to €241,345
- Tangible fixed assets -€52,226
down €52,226 (-5.2%), from €1.0m to €959,650
- Debts after one year -€250,000
no longer reported in 2025 (was €250,000)
- Reserves -€159,718
down €159,718 (-8.9%), from €1.8m to €1.6m
of which Distributable reserves: -€156,718
- Other debts +€93,840
up €93,840 (+46.9%), from €199,889 to €293,730
- Current portion of long-term debt +€39,100
up €39,100 (+4.6%), from €858,667 to €897,767
- Financial income -€100,439
down €100,439 (-67.9%), from €147,996 to €47,557
- Other operating charges -€48,428
down €48,428 (-92.5%), from €52,367 to €3,939
- Gross operating margin +€46,072
up €46,072 (+6.0%), from €761,566 to €807,638
- Taxes -€32,897
down €32,897 (-15.3%), from €214,455 to €181,558
- Depreciation +€18,025
up €18,025 (+40.0%), from €45,056 to €63,081
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 | €3,276,524 | €2,981,395 | -€295,129 | -9.0% |
| Fixed assets | 21/28 | €1,011,876 | €959,650 | -€52,226 | -5.2% |
| Tangible fixed assets | 22/27 | €1,011,876 | €959,650 | -€52,226 | -5.2% |
| Land and buildings | 22 | €856,608 | €835,476 | -€21,132 | -2.5% |
| Plant, machinery and equipment | 23 | €25,462 | €20,785 | -€4,677 | -18.4% |
| Furniture and vehicles | 24 | €105,945 | €86,750 | -€19,195 | -18.1% |
| Other tangible fixed assets | 26 | €23,861 | €16,639 | -€7,222 | -30.3% |
| Current assets | 29/58 | €2,264,648 | €2,021,745 | -€242,902 | -10.7% |
| Amounts receivable within one year | 40/41 | €1,493,931 | €1,743,475 | +€249,543 | +16.7% |
| Trade receivables | 40 | €444,166 | €500,646 | +€56,480 | +12.7% |
| Other amounts receivable | 41 | €1,049,765 | €1,242,829 | +€193,063 | +18.4% |
| Current investments | 50/53 | €476,330 | €241,345 | -€234,985 | -49.3% |
| Cash at bank and in hand | 54/58 | €277,218 | €17,806 | -€259,412 | -93.6% |
| Deferred charges and accrued income | 490/1 | €17,168 | €19,120 | +€1,952 | +11.4% |
| Total equity and liabilities | 10/49 | €3,276,524 | €2,981,395 | -€295,129 | -9.0% |
| Equity | 10/15 | €1,820,130 | €1,660,413 | -€159,718 | -8.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €1,790,130 | €1,630,413 | -€159,718 | -8.9% |
| Non-distributable reserves | 130/1 | €3,000 | - | -€3,000 | |
| Reserves not available under the articles | 1311 | €3,000 | - | -€3,000 | |
| Distributable reserves | 133 | €1,787,130 | €1,630,413 | -€156,718 | -8.8% |
| Amounts payable | 17/49 | €1,456,393 | €1,320,982 | -€135,411 | -9.3% |
| Amounts payable after more than one year | 17 | €250,000 | - | -€250,000 | |
| Financial debts | 170/4 | €250,000 | - | -€250,000 | |
| Amounts payable within one year | 42/48 | €1,169,912 | €1,283,263 | +€113,351 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €858,667 | €897,767 | +€39,100 | +4.6% |
| Trade debts | 44 | €5,893 | €606 | -€5,287 | -89.7% |
| Suppliers | 440/4 | €5,893 | €606 | -€5,287 | -89.7% |
| Taxes, remuneration and social security | 45 | €105,463 | €91,160 | -€14,302 | -13.6% |
| Taxes | 450/3 | €105,463 | €91,160 | -€14,302 | -13.6% |
| Other amounts payable | 47/48 | €199,889 | €293,730 | +€93,840 | +46.9% |
| Accrued charges and deferred income | 492/3 | €36,481 | €37,719 | +€1,238 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,056 | €63,081 | +€18,025 | +40.0% |
| Other operating charges | 640/8 | €52,367 | €3,939 | -€48,428 | -92.5% |
| Gross operating margin | 9900 | €761,566 | €807,638 | +€46,072 | +6.0% |
| Operating profit (loss) | 9901 | €664,143 | €740,618 | +€76,475 | +11.5% |
| Financial income | 75/76B | €147,996 | €47,557 | -€100,439 | -67.9% |
| Recurring financial income | 75 | €147,996 | €47,557 | -€100,439 | -67.9% |
| Financial charges | 65/66B | €46,908 | €53,217 | +€6,308 | +13.4% |
| Recurring financial charges | 65 | €46,908 | €53,217 | +€6,308 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €765,230 | €734,959 | -€30,271 | -4.0% |
| Income taxes | 67/77 | €214,455 | €181,558 | -€32,897 | -15.3% |
| Profit (loss) for the period | 9904 | €550,775 | €553,400 | +€2,626 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €550,775 | €553,400 | +€2,626 | +0.5% |
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 23 October 2026 via checked.be.