KOEN DEMEYER: 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.
What changed
KOEN DEMEYER
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€66,066
2024 · €114,691-€48,624
Equity
€929,150
2024 · €863,083+€66,066
Cash
€87,740
2024 · €38,018+€49,721
Balance sheet total
€2.0m
2024 · €1.9m+€66,683
Largest movements
Assets
- Cash +€49,721
up €49,721 (+131%), from €38,018 to €87,740
mainly Net result for the year (+€66,066) and Trade debts (+€9,362)
Equity and liabilities
- Reserves +€66,066
up €66,066 (+7.8%), from €844,483 to €910,550
Income statement
- Gross operating margin -€50,564
down €50,564 (-36.3%), from €139,366 to €88,802
- Taxes -€11,469
down €11,469 (-33.8%), from €33,982 to €22,513
- Financial income -€9,361
down €9,361 (-27.4%), from €34,225 to €24,864
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.
Result 2024
€114,691
Gross operating margin
-€50,564
Depreciation
+€354
Other operating charges
-€160
Financial income
-€9,361
Financial charges
-€361
Taxes
+€11,469
Result 2025
€66,066
raises the resultlowers the result
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.
From operations
+€54,815
Investment
-€5,094
Financing
€0
Cash 2024
€38,018
From operations (derived)
+€54,815
Net result for the year
+€66,066
Depreciation
+€665
Receivables within one year
-€7,234
Deferred charges and accrued income
-€5,298
Trade debts
+€9,362
Tax, wage and social debts
-€12,560
Other debts
+€8,315
Accrued charges and deferred income
-€4,500
Investment (derived)
-€5,094
Investment in fixed assets (net)
-€5,094
Cash 2025
€87,740
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,940,433 | €2,007,116 | +€66,683 | +3.4% |
| Fixed assets | 21/28 | €375,371 | €379,801 | +€4,429 | +1.2% |
| Tangible fixed assets | 22/27 | €1,371 | €5,801 | +€4,429 | +323% |
| Plant, machinery and equipment | 23 | €1,371 | €5,801 | +€4,429 | +323% |
| Financial fixed assets | 28 | €374,000 | €374,000 | = | 0.0% |
| Current assets | 29/58 | €1,565,062 | €1,627,315 | +€62,253 | +4.0% |
| Amounts receivable after more than one year | 29 | €621,600 | €621,600 | = | 0.0% |
| Other amounts receivable | 291 | €621,600 | €621,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €179,042 | €186,276 | +€7,234 | +4.0% |
| Trade receivables | 40 | €108,605 | €79,662 | -€28,943 | -26.6% |
| Other amounts receivable | 41 | €70,437 | €106,614 | +€36,177 | +51.4% |
| Current investments | 50/53 | €705,560 | €705,560 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,018 | €87,740 | +€49,721 | +131% |
| Deferred charges and accrued income | 490/1 | €20,841 | €26,139 | +€5,298 | +25.4% |
| Total equity and liabilities | 10/49 | €1,940,433 | €2,007,116 | +€66,683 | +3.4% |
| Equity | 10/15 | €863,083 | €929,150 | +€66,066 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €844,483 | €910,550 | +€66,066 | +7.8% |
| Distributable reserves | 133 | €844,483 | €910,550 | +€66,066 | +7.8% |
| Amounts payable | 17/49 | €1,077,350 | €1,077,966 | +€616 | +0.1% |
| Amounts payable after more than one year | 17 | €989,320 | €989,320 | = | 0.0% |
| Financial debts | 170/4 | €989,320 | €989,320 | = | 0.0% |
| Amounts payable within one year | 42/48 | €61,709 | €66,825 | +€5,116 | +8.3% |
| Trade debts | 44 | €9,363 | €18,725 | +€9,362 | +100.0% |
| Suppliers | 440/4 | €9,363 | €18,725 | +€9,362 | +100.0% |
| Taxes, remuneration and social security | 45 | €34,134 | €21,574 | -€12,560 | -36.8% |
| Taxes | 450/3 | €32,134 | €19,574 | -€12,560 | -39.1% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €18,212 | €26,527 | +€8,315 | +45.7% |
| Accrued charges and deferred income | 492/3 | €26,321 | €21,821 | -€4,500 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,018 | €665 | -€354 | -34.7% |
| Other operating charges | 640/8 | €2,080 | €2,240 | +€160 | +7.7% |
| Gross operating margin | 9900 | €139,366 | €88,802 | -€50,564 | -36.3% |
| Operating profit (loss) | 9901 | €136,268 | €85,897 | -€50,371 | -37.0% |
| Financial income | 75/76B | €34,225 | €24,864 | -€9,361 | -27.4% |
| Recurring financial income | 75 | €34,225 | €24,864 | -€9,361 | -27.4% |
| Financial charges | 65/66B | €21,821 | €22,182 | +€361 | +1.7% |
| Recurring financial charges | 65 | €21,821 | €21,861 | +€40 | +0.2% |
| Non-recurring financial charges | 66B | - | €321 | +€321 | |
| Profit (loss) for the period before taxes | 9903 | €148,672 | €88,579 | -€60,093 | -40.4% |
| Income taxes | 67/77 | €33,982 | €22,513 | -€11,469 | -33.8% |
| Profit (loss) for the period | 9904 | €114,691 | €66,066 | -€48,624 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €114,691 | €66,066 | -€48,624 | -42.4% |
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 30 October 2026 via checked.be.