KOEN COUDIJSER: 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 COUDIJSER
Largest movements
- Tangible fixed assets -€5,974
down €5,974 (-7.4%), from €80,338 to €74,363
of which Land and buildings: -€3,855
- Receivables within one year +€4,190
up €4,190 (+121%), from €3,457 to €7,647
- Current investments -€2,270
down €2,270 (-96.6%), from €2,350 to €80
- Cash -€1,582
down €1,582 (-58.0%), from €2,726 to €1,145
mainly Receivables within one year (-€4,190) and Net result for the year (-€3,928)
- Profit (loss) carried forward -€3,928
down €3,928 (-4.8%), from -€81,609 to -€85,537
- Trade debts -€1,733
down €1,733 (-78.5%), from €2,208 to €475
- Gross operating margin -€3,679
down €3,679 (-51.0%), from €7,210 to €3,532
- Depreciation -€1,284
down €1,284 (-17.7%), from €7,258 to €5,974
- Staff costs -€972
down €972 (-76.4%), from €1,272 to €300
- Other operating charges -€306
down €306 (-17.7%), from €1,730 to €1,424
- Financial income +€293
up €293 (+292,790%), from €0 to €293
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 | €89,190 | €83,528 | -€5,661 | -6.3% |
| Fixed assets | 21/28 | €80,338 | €74,363 | -€5,974 | -7.4% |
| Tangible fixed assets | 22/27 | €80,338 | €74,363 | -€5,974 | -7.4% |
| Land and buildings | 22 | €73,676 | €69,820 | -€3,855 | -5.2% |
| Plant, machinery and equipment | 23 | €4,165 | €3,448 | -€717 | -17.2% |
| Furniture and vehicles | 24 | €2,497 | €1,095 | -€1,402 | -56.2% |
| Current assets | 29/58 | €8,852 | €9,165 | +€313 | +3.5% |
| Amounts receivable within one year | 40/41 | €3,457 | €7,647 | +€4,190 | +121% |
| Other amounts receivable | 41 | €3,457 | €7,647 | +€4,190 | +121% |
| Current investments | 50/53 | €2,350 | €80 | -€2,270 | -96.6% |
| Cash at bank and in hand | 54/58 | €2,726 | €1,145 | -€1,582 | -58.0% |
| Deferred charges and accrued income | 490/1 | €319 | €293 | -€26 | -8.1% |
| Total equity and liabilities | 10/49 | €89,190 | €83,528 | -€5,661 | -6.3% |
| Equity | 10/15 | €86,982 | €83,053 | -€3,928 | -4.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €149,999 | €149,999 | = | 0.0% |
| Distributable reserves | 133 | €149,999 | €149,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,609 | -€85,537 | -€3,928 | -4.8% |
| Amounts payable | 17/49 | €2,208 | €475 | -€1,733 | -78.5% |
| Amounts payable within one year | 42/48 | €2,208 | €475 | -€1,733 | -78.5% |
| Trade debts | 44 | €2,208 | €475 | -€1,733 | -78.5% |
| Suppliers | 440/4 | €2,208 | €475 | -€1,733 | -78.5% |
| Remuneration, social security and pensions | 62 | €1,272 | €300 | -€972 | -76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,258 | €5,974 | -€1,284 | -17.7% |
| Other operating charges | 640/8 | €1,730 | €1,424 | -€306 | -17.7% |
| Gross operating margin | 9900 | €7,210 | €3,532 | -€3,679 | -51.0% |
| Operating profit (loss) | 9901 | -€3,051 | -€4,166 | -€1,116 | -36.6% |
| Financial income | 75/76B | €0 | €293 | +€293 | +292,790% |
| Recurring financial income | 75 | €0 | €293 | +€293 | +292,790% |
| Financial charges | 65/66B | €40 | €55 | +€15 | +37.0% |
| Recurring financial charges | 65 | €40 | €55 | +€15 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,090 | -€3,928 | -€838 | -27.1% |
| Profit (loss) for the period | 9904 | -€3,090 | -€3,928 | -€838 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,090 | -€3,928 | -€838 | -27.1% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.