KOEN BYTTEBIER: 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 BYTTEBIER
Largest movements
- Tangible fixed assets -€54,461
down €54,461 (-34.0%), from €160,415 to €105,954
of which Land and buildings: -€52,825
- Receivables within one year -€50,054
down €50,054 (-90.4%), from €55,373 to €5,319
of which Trade receivables: -€53,141
- Cash -€6,097
down €6,097 (-27.1%), from €22,483 to €16,386
mainly Net result for the year (-€73,365) and Trade debts (-€24,011)
- Deferred charges and accrued income +€3,088
up €3,088 (+732%), from €422 to €3,510
- Profit (loss) carried forward -€73,365
down €73,365 (-139%), from -€52,970 to -€126,335
- Trade debts -€24,011
down €24,011 (-100%), from €24,011 to €0
- Other debts -€10,148
down €10,148 (-15.2%), from €66,787 to €56,639
- Gross operating margin -€41,013
down €41,013, from €39,344 to -€1,669
- Other operating charges +€14,192
up €14,192 (+485%), from €2,928 to €17,120
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 | €238,693 | €131,169 | -€107,524 | -45.0% |
| Fixed assets | 21/28 | €160,415 | €105,954 | -€54,461 | -34.0% |
| Tangible fixed assets | 22/27 | €160,415 | €105,954 | -€54,461 | -34.0% |
| Land and buildings | 22 | €156,320 | €103,495 | -€52,825 | -33.8% |
| Furniture and vehicles | 24 | €4,095 | €2,459 | -€1,637 | -40.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €78,278 | €25,215 | -€53,063 | -67.8% |
| Amounts receivable within one year | 40/41 | €55,373 | €5,319 | -€50,054 | -90.4% |
| Trade receivables | 40 | €53,293 | €152 | -€53,141 | -99.7% |
| Other amounts receivable | 41 | €2,080 | €5,167 | +€3,087 | +148% |
| Cash at bank and in hand | 54/58 | €22,483 | €16,386 | -€6,097 | -27.1% |
| Deferred charges and accrued income | 490/1 | €422 | €3,510 | +€3,088 | +732% |
| Total equity and liabilities | 10/49 | €238,693 | €131,169 | -€107,524 | -45.0% |
| Equity | 10/15 | €147,896 | €74,531 | -€73,365 | -49.6% |
| Contributions | 10/11 | €195,000 | €195,000 | = | 0.0% |
| Reserves | 13 | €5,866 | €5,866 | = | 0.0% |
| Tax-exempt reserves | 132 | €903 | €903 | = | 0.0% |
| Distributable reserves | 133 | €4,963 | €4,963 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,970 | -€126,335 | -€73,365 | -139% |
| Amounts payable | 17/49 | €90,797 | €56,639 | -€34,159 | -37.6% |
| Amounts payable within one year | 42/48 | €90,797 | €56,639 | -€34,159 | -37.6% |
| Trade debts | 44 | €24,011 | €0 | -€24,011 | -100% |
| Suppliers | 440/4 | €24,011 | €0 | -€24,011 | -100% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €66,787 | €56,639 | -€10,148 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,516 | €54,461 | -€55 | -0.1% |
| Other operating charges | 640/8 | €2,928 | €17,120 | +€14,192 | +485% |
| Non-recurring operating charges | 66A | €22,823 | €0 | -€22,823 | -100% |
| Gross operating margin | 9900 | €39,344 | -€1,669 | -€41,013 | |
| Operating profit (loss) | 9901 | -€40,924 | -€73,250 | -€32,326 | -79.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €149 | €115 | -€34 | -22.7% |
| Recurring financial charges | 65 | €149 | €115 | -€34 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | -€41,073 | -€73,365 | -€32,292 | -78.6% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100% |
| Profit (loss) for the period | 9904 | -€41,073 | -€73,365 | -€32,292 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,073 | -€73,365 | -€32,292 | -78.6% |
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 20 October 2026 via checked.be.