Koen De Pooter: 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 De Pooter
Largest movements
- Receivables after one year -€27,301
no longer reported in 2025 (was €27,301)
- Cash +€24,528
up €24,528 (+135%), from €18,218 to €42,745
mainly Other debts (+€37,516) and Net result for the year (+€31,528)
- Tangible fixed assets -€10,245
down €10,245 (-56.9%), from €17,992 to €7,747
of which Furniture and vehicles: -€8,995
- Deferred charges and accrued income -€901
down €901 (-84.0%), from €1,072 to €171
- Reserves -€46,012
no longer reported in 2025 (was €46,012)
- Other debts +€37,516
new in 2025: €37,516
- Debts after one year -€6,354
down €6,354 (-85.6%), from €7,421 to €1,067
- Tax, wage and social debts +€782
up €782 (+5.8%), from €13,450 to €14,233
- Gross operating margin -€15,053
down €15,053 (-22.2%), from €67,823 to €52,770
- Financial income -€5,911
no longer reported in 2025 (was €5,911)
- Taxes -€4,023
down €4,023 (-30.4%), from €13,229 to €9,206
- Financial charges -€2,750
down €2,750 (-93.7%), from €2,937 to €186
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 | €77,518 | €63,571 | -€13,948 | -18.0% |
| Fixed assets | 21/28 | €17,992 | €7,747 | -€10,245 | -56.9% |
| Tangible fixed assets | 22/27 | €17,992 | €7,747 | -€10,245 | -56.9% |
| Plant, machinery and equipment | 23 | €1,813 | €563 | -€1,249 | -68.9% |
| Furniture and vehicles | 24 | €16,180 | €7,184 | -€8,995 | -55.6% |
| Current assets | 29/58 | €59,526 | €55,823 | -€3,703 | -6.2% |
| Amounts receivable after more than one year | 29 | €27,301 | - | -€27,301 | |
| Other amounts receivable | 291 | €27,301 | - | -€27,301 | |
| Amounts receivable within one year | 40/41 | €12,936 | €12,907 | -€29 | -0.2% |
| Trade receivables | 40 | €9,774 | €10,113 | +€339 | +3.5% |
| Other amounts receivable | 41 | €3,161 | €2,794 | -€368 | -11.6% |
| Cash at bank and in hand | 54/58 | €18,218 | €42,745 | +€24,528 | +135% |
| Deferred charges and accrued income | 490/1 | €1,072 | €171 | -€901 | -84.0% |
| Total equity and liabilities | 10/49 | €77,518 | €63,571 | -€13,948 | -18.0% |
| Equity | 10/15 | €49,012 | €3,000 | -€46,012 | -93.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €46,012 | - | -€46,012 | |
| Distributable reserves | 133 | €46,012 | - | -€46,012 | |
| Amounts payable | 17/49 | €28,506 | €60,571 | +€32,065 | +112% |
| Amounts payable after more than one year | 17 | €7,421 | €1,067 | -€6,354 | -85.6% |
| Financial debts | 170/4 | €7,421 | €1,067 | -€6,354 | -85.6% |
| Amounts payable within one year | 42/48 | €21,086 | €59,504 | +€38,418 | +182% |
| Current portion of amounts payable after more than one year | 42 | €6,272 | €6,354 | +€82 | +1.3% |
| Trade debts | 44 | €1,363 | €1,401 | +€38 | +2.8% |
| Suppliers | 440/4 | €1,363 | €1,401 | +€38 | +2.8% |
| Taxes, remuneration and social security | 45 | €13,450 | €14,233 | +€782 | +5.8% |
| Taxes | 450/3 | €13,450 | €14,233 | +€782 | +5.8% |
| Other amounts payable | 47/48 | - | €37,516 | +€37,516 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,121 | €10,245 | +€124 | +1.2% |
| Other operating charges | 640/8 | €1,448 | €1,604 | +€156 | +10.8% |
| Gross operating margin | 9900 | €67,823 | €52,770 | -€15,053 | -22.2% |
| Operating profit (loss) | 9901 | €56,254 | €40,921 | -€15,333 | -27.3% |
| Financial income | 75/76B | €5,911 | - | -€5,911 | |
| Recurring financial income | 75 | €5,911 | - | -€5,911 | |
| Financial charges | 65/66B | €2,937 | €186 | -€2,750 | -93.7% |
| Recurring financial charges | 65 | €2,937 | €186 | -€2,750 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | €59,228 | €40,735 | -€18,493 | -31.2% |
| Income taxes | 67/77 | €13,229 | €9,206 | -€4,023 | -30.4% |
| Profit (loss) for the period | 9904 | €45,999 | €31,528 | -€14,470 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,999 | €31,528 | -€14,470 | -31.5% |
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 29 October 2026 via checked.be.