KOEN DAVID BV: 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 DAVID BV
Largest movements
- Receivables within one year +€14,222
up €14,222 (+17.6%), from €80,797 to €95,019
of which Trade receivables: +€8,177
- Tangible fixed assets -€9,496
down €9,496 (-21.0%), from €45,169 to €35,673
of which Furniture and vehicles: -€6,675
- Cash +€1,904
up €1,904 (+35.2%), from €5,402 to €7,306
mainly Net result for the year (+€31,939) and Depreciation (+€14,439)
- Reserves +€26,036
up €26,036 (+32.7%), from €79,573 to €105,609
- Other debts -€12,404
down €12,404 (-70.5%), from €17,595 to €5,191
- Debts after one year -€9,058
down €9,058 (-59.1%), from €15,315 to €6,257
- Tax, wage and social debts +€2,450
up €2,450 (+61.1%), from €4,008 to €6,458
- Gross operating margin +€14,625
up €14,625 (+31.6%), from €46,342 to €60,967
- Taxes +€4,105
up €4,105 (+46.4%), from €8,854 to €12,958
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 | €131,368 | €138,772 | +€7,404 | +5.6% |
| Fixed assets | 21/28 | €45,169 | €35,673 | -€9,496 | -21.0% |
| Tangible fixed assets | 22/27 | €45,169 | €35,673 | -€9,496 | -21.0% |
| Plant, machinery and equipment | 23 | €6,170 | €3,349 | -€2,821 | -45.7% |
| Furniture and vehicles | 24 | €38,998 | €32,323 | -€6,675 | -17.1% |
| Current assets | 29/58 | €86,199 | €103,100 | +€16,901 | +19.6% |
| Amounts receivable within one year | 40/41 | €80,797 | €95,019 | +€14,222 | +17.6% |
| Trade receivables | 40 | €23,180 | €31,357 | +€8,177 | +35.3% |
| Other amounts receivable | 41 | €57,617 | €63,662 | +€6,045 | +10.5% |
| Cash at bank and in hand | 54/58 | €5,402 | €7,306 | +€1,904 | +35.2% |
| Deferred charges and accrued income | 490/1 | - | €775 | +€775 | |
| Total equity and liabilities | 10/49 | €131,368 | €138,772 | +€7,404 | +5.6% |
| Equity | 10/15 | €85,773 | €111,809 | +€26,036 | +30.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €79,573 | €105,609 | +€26,036 | +32.7% |
| Distributable reserves | 133 | €79,573 | €105,609 | +€26,036 | +32.7% |
| Amounts payable | 17/49 | €45,595 | €26,964 | -€18,632 | -40.9% |
| Amounts payable after more than one year | 17 | €15,315 | €6,257 | -€9,058 | -59.1% |
| Financial debts | 170/4 | €15,315 | €6,257 | -€9,058 | -59.1% |
| Amounts payable within one year | 42/48 | €30,280 | €20,706 | -€9,574 | -31.6% |
| Current portion of amounts payable after more than one year | 42 | €8,678 | €9,058 | +€380 | +4.4% |
| Taxes, remuneration and social security | 45 | €4,008 | €6,458 | +€2,450 | +61.1% |
| Taxes | 450/3 | €4,008 | €6,458 | +€2,450 | +61.1% |
| Other amounts payable | 47/48 | €17,595 | €5,191 | -€12,404 | -70.5% |
| Non-recurring operating income | 76A | €8 | - | -€8 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,877 | €14,439 | +€562 | +4.0% |
| Other operating charges | 640/8 | €341 | €589 | +€248 | +72.6% |
| Gross operating margin | 9900 | €46,342 | €60,967 | +€14,625 | +31.6% |
| Operating profit (loss) | 9901 | €32,124 | €45,939 | +€13,815 | +43.0% |
| Financial income | 75/76B | €39 | €8 | -€31 | -79.6% |
| Recurring financial income | 75 | €39 | €8 | -€31 | -79.6% |
| Financial charges | 65/66B | €1,491 | €1,050 | -€442 | -29.6% |
| Recurring financial charges | 65 | €1,491 | €1,050 | -€442 | -29.6% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €30,671 | €44,897 | +€14,226 | +46.4% |
| Income taxes | 67/77 | €8,854 | €12,958 | +€4,105 | +46.4% |
| Profit (loss) for the period | 9904 | €21,818 | €31,939 | +€10,121 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,818 | €31,939 | +€10,121 | +46.4% |
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 15 October 2026 via checked.be.