KOEN BERCKMANS: 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 BERCKMANS
Largest movements
- Tangible fixed assets -€10,019
down €10,019 (-14.3%), from €70,067 to €60,048
of which Other tangible fixed assets: -€8,991
- Cash -€1,949
down €1,949 (-2.1%), from €93,505 to €91,557
mainly Net result for the year (-€6,674) and Other debts (-€6,199)
- Profit (loss) carried forward -€6,674
down €6,674 (-10.2%), from -€65,739 to -€72,414
- Other debts -€6,199
down €6,199 (-15.2%), from €40,797 to €34,598
- Gross operating margin +€7,563
up €7,563, from -€2,348 to €5,216
- Depreciation -€1,679
down €1,679 (-14.4%), from €11,697 to €10,019
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 | €164,877 | €152,369 | -€12,509 | -7.6% |
| Fixed assets | 21/28 | €70,067 | €60,048 | -€10,019 | -14.3% |
| Tangible fixed assets | 22/27 | €70,067 | €60,048 | -€10,019 | -14.3% |
| Land and buildings | 22 | €21,629 | €20,602 | -€1,028 | -4.8% |
| Other tangible fixed assets | 26 | €48,438 | €39,447 | -€8,991 | -18.6% |
| Current assets | 29/58 | €94,810 | €92,320 | -€2,490 | -2.6% |
| Amounts receivable within one year | 40/41 | €1,305 | €763 | -€541 | -41.5% |
| Other amounts receivable | 41 | €1,305 | €763 | -€541 | -41.5% |
| Cash at bank and in hand | 54/58 | €93,505 | €91,557 | -€1,949 | -2.1% |
| Total equity and liabilities | 10/49 | €164,877 | €152,369 | -€12,509 | -7.6% |
| Equity | 10/15 | €123,696 | €117,022 | -€6,674 | -5.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €42,142 | €42,142 | = | 0.0% |
| Reserves | 13 | €128,701 | €128,701 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €126,842 | €126,842 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,739 | -€72,414 | -€6,674 | -10.2% |
| Amounts payable | 17/49 | €41,181 | €35,347 | -€5,834 | -14.2% |
| Amounts payable within one year | 42/48 | €41,181 | €35,347 | -€5,834 | -14.2% |
| Trade debts | 44 | €384 | €749 | +€365 | +94.9% |
| Suppliers | 440/4 | €384 | €749 | +€365 | +94.9% |
| Other amounts payable | 47/48 | €40,797 | €34,598 | -€6,199 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,697 | €10,019 | -€1,679 | -14.4% |
| Other operating charges | 640/8 | €1,674 | €1,721 | +€48 | +2.8% |
| Gross operating margin | 9900 | -€2,348 | €5,216 | +€7,563 | |
| Operating profit (loss) | 9901 | -€15,719 | -€6,524 | +€9,194 | +58.5% |
| Financial charges | 65/66B | €174 | €150 | -€24 | -13.7% |
| Recurring financial charges | 65 | €174 | €150 | -€24 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,892 | -€6,674 | +€9,218 | +58.0% |
| Profit (loss) for the period | 9904 | -€15,892 | -€6,674 | +€9,218 | +58.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,892 | -€6,674 | +€9,218 | +58.0% |
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 13 October 2026 via checked.be.