Koen Conings: 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 Conings
Largest movements
- Cash +€53,397
up €53,397 (+101%), from €52,977 to €106,374
mainly Net result for the year (+€220,991) and Other debts (+€70,140)
- Receivables within one year +€10,370
up €10,370 (+12.8%), from €81,197 to €91,567
of which Trade receivables: +€10,287
- Other debts +€70,140
up €70,140 (+18.2%), from €385,666 to €455,806
- Tax, wage and social debts -€8,126
down €8,126 (-28.0%), from €28,985 to €20,859
- Turnover +€400,000
new in 2025: €400,000
- Gross operating margin +€144,760
up €144,760 (+98.8%), from €146,480 to €291,240
- Purchases and services +€112,093
new in 2025: €112,093
- Taxes +€35,560
up €35,560 (+110%), from €32,356 to €67,917
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 | €487,673 | €551,441 | +€63,767 | +13.1% |
| Fixed assets | 21/28 | €353,500 | €353,500 | = | 0.0% |
| Financial fixed assets | 28 | €353,500 | €353,500 | = | 0.0% |
| Current assets | 29/58 | €134,173 | €197,941 | +€63,767 | +47.5% |
| Amounts receivable within one year | 40/41 | €81,197 | €91,567 | +€10,370 | +12.8% |
| Trade receivables | 40 | €81,197 | €91,483 | +€10,287 | +12.7% |
| Other amounts receivable | 41 | - | €83 | +€83 | |
| Cash at bank and in hand | 54/58 | €52,977 | €106,374 | +€53,397 | +101% |
| Total equity and liabilities | 10/49 | €487,673 | €551,441 | +€63,767 | +13.1% |
| Equity | 10/15 | €72,689 | €74,680 | +€1,991 | +2.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €54,139 | €56,130 | +€1,991 | +3.7% |
| Distributable reserves | 133 | €54,139 | €56,130 | +€1,991 | +3.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €414,984 | €476,761 | +€61,776 | +14.9% |
| Amounts payable within one year | 42/48 | €414,984 | €476,761 | +€61,776 | +14.9% |
| Trade debts | 44 | €334 | €96 | -€237 | -71.2% |
| Suppliers | 440/4 | €334 | €96 | -€237 | -71.2% |
| Taxes, remuneration and social security | 45 | €28,985 | €20,859 | -€8,126 | -28.0% |
| Taxes | 450/3 | €28,985 | €20,859 | -€8,126 | -28.0% |
| Other amounts payable | 47/48 | €385,666 | €455,806 | +€70,140 | +18.2% |
| Turnover | 70 | - | €400,000 | +€400,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €112,093 | +€112,093 | |
| Other operating charges | 640/8 | €615 | €626 | +€11 | +1.8% |
| Gross operating margin | 9900 | €146,480 | €291,240 | +€144,760 | +98.8% |
| Operating profit (loss) | 9901 | €145,865 | €290,614 | +€144,749 | +99.2% |
| Financial charges | 65/66B | €2,213 | €1,707 | -€506 | -22.9% |
| Recurring financial charges | 65 | €2,213 | €1,707 | -€506 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €143,652 | €288,907 | +€145,256 | +101% |
| Income taxes | 67/77 | €32,356 | €67,917 | +€35,560 | +110% |
| Profit (loss) for the period | 9904 | €111,296 | €220,991 | +€109,695 | +98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €111,296 | €220,991 | +€109,695 | +98.6% |
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 22 October 2026 via checked.be.