KOEN DE STAERCKE: 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 STAERCKE
Largest movements
- Receivables within one year +€90,465
up €90,465 (+274%), from €32,965 to €123,429
of which Other amounts receivable: +€91,472
- Tangible fixed assets -€48,698
down €48,698 (-29.6%), from €164,769 to €116,071
of which Land and buildings: -€47,314
- Cash -€10,076
down €10,076 (-7.0%), from €143,611 to €133,535
mainly Contributions, distributions and other (-€401,615) and Receivables within one year (-€90,465)
- Deferred charges and accrued income -€6,502
down €6,502 (-44.7%), from €14,543 to €8,042
- Reserves -€332,480
down €332,480 (-82.8%), from €401,615 to €69,135
- Other debts +€282,203
up €282,203 (+11,024%), from €2,560 to €284,763
- Profit (loss) carried forward +€70,305
up €70,305, from -€70,305 to €0
- Tax, wage and social debts +€9,954
up €9,954 (+62.9%), from €15,825 to €25,779
- Trade debts -€4,792
down €4,792 (-78.6%), from €6,093 to €1,301
- Gross operating margin +€174,383
up €174,383 (+324%), from €53,811 to €228,193
- Taxes +€30,220
up €30,220 (+6,756%), from €447 to €30,667
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 | €355,888 | €381,077 | +€25,189 | +7.1% |
| Fixed assets | 21/28 | €164,769 | €116,071 | -€48,698 | -29.6% |
| Tangible fixed assets | 22/27 | €164,769 | €116,071 | -€48,698 | -29.6% |
| Land and buildings | 22 | €161,778 | €114,465 | -€47,314 | -29.2% |
| Plant, machinery and equipment | 23 | €1,497 | €1,045 | -€452 | -30.2% |
| Furniture and vehicles | 24 | €1,493 | €561 | -€932 | -62.4% |
| Current assets | 29/58 | €191,119 | €265,006 | +€73,887 | +38.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €32,965 | €123,429 | +€90,465 | +274% |
| Trade receivables | 40 | €32,296 | €31,289 | -€1,007 | -3.1% |
| Other amounts receivable | 41 | €669 | €92,141 | +€91,472 | +13,673% |
| Cash at bank and in hand | 54/58 | €143,611 | €133,535 | -€10,076 | -7.0% |
| Deferred charges and accrued income | 490/1 | €14,543 | €8,042 | -€6,502 | -44.7% |
| Total equity and liabilities | 10/49 | €355,888 | €381,077 | +€25,189 | +7.1% |
| Equity | 10/15 | €331,409 | €69,235 | -€262,175 | -79.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €401,615 | €69,135 | -€332,480 | -82.8% |
| Distributable reserves | 133 | €401,615 | €69,135 | -€332,480 | -82.8% |
| Profit (loss) carried forward | 14 | -€70,305 | €0 | +€70,305 | |
| Amounts payable | 17/49 | €24,478 | €311,843 | +€287,364 | +1,174% |
| Amounts payable within one year | 42/48 | €24,478 | €311,843 | +€287,364 | +1,174% |
| Trade debts | 44 | €6,093 | €1,301 | -€4,792 | -78.6% |
| Suppliers | 440/4 | €6,093 | €1,301 | -€4,792 | -78.6% |
| Taxes, remuneration and social security | 45 | €15,825 | €25,779 | +€9,954 | +62.9% |
| Taxes | 450/3 | €15,825 | €25,779 | +€9,954 | +62.9% |
| Other amounts payable | 47/48 | €2,560 | €284,763 | +€282,203 | +11,024% |
| Non-recurring operating income | 76A | - | €51 | +€51 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,652 | €48,749 | -€903 | -1.8% |
| Other operating charges | 640/8 | €5,764 | €5,734 | -€30 | -0.5% |
| Gross operating margin | 9900 | €53,811 | €228,193 | +€174,383 | +324% |
| Operating profit (loss) | 9901 | -€1,605 | €173,711 | +€175,316 | |
| Financial income | 75/76B | €34 | €6 | -€28 | -82.5% |
| Recurring financial income | 75 | €34 | €6 | -€28 | -82.5% |
| Financial charges | 65/66B | €4,256 | €3,610 | -€646 | -15.2% |
| Recurring financial charges | 65 | €4,256 | €3,610 | -€646 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,827 | €170,107 | +€175,934 | |
| Income taxes | 67/77 | €447 | €30,667 | +€30,220 | +6,756% |
| Profit (loss) for the period | 9904 | -€6,274 | €139,440 | +€145,714 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,274 | €139,440 | +€145,714 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.