KOEN DENYS: 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 DENYS
Largest movements
- Receivables within one year +€1,666
up €1,666 (+34.4%), from €4,850 to €6,516
of which Trade receivables: +€2,719
- Cash +€871
up €871 (+3.3%), from €26,666 to €27,537
mainly Net result for the year (+€2,283) and Tax, wage and social debts (+€1,036)
- Deferred charges and accrued income -€511
down €511 (-28.4%), from €1,798 to €1,287
- Tangible fixed assets -€370
down €370 (-57.8%), from €640 to €270
- Other debts -€2,683
down €2,683 (-40.4%), from €6,645 to €3,962
- Profit (loss) carried forward +€2,283
up €2,283 (+30.4%), from -€7,507 to -€5,224
- Tax, wage and social debts +€1,036
up €1,036 (+64.2%), from €1,614 to €2,650
- Trade debts +€1,019
up €1,019 (+79.6%), from €1,281 to €2,300
- Gross operating margin +€11,719
up €11,719, from -€7,050 to €4,669
- Other operating charges +€102
up €102 (+8.5%), from €1,205 to €1,307
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 | €33,953 | €35,609 | +€1,655 | +4.9% |
| Fixed assets | 21/28 | €640 | €270 | -€370 | -57.8% |
| Tangible fixed assets | 22/27 | €640 | €270 | -€370 | -57.8% |
| Furniture and vehicles | 24 | €640 | €270 | -€370 | -57.8% |
| Current assets | 29/58 | €33,314 | €35,339 | +€2,025 | +6.1% |
| Amounts receivable within one year | 40/41 | €4,850 | €6,516 | +€1,666 | +34.4% |
| Trade receivables | 40 | €3,796 | €6,516 | +€2,719 | +71.6% |
| Other amounts receivable | 41 | €1,053 | €0 | -€1,053 | -100% |
| Cash at bank and in hand | 54/58 | €26,666 | €27,537 | +€871 | +3.3% |
| Deferred charges and accrued income | 490/1 | €1,798 | €1,287 | -€511 | -28.4% |
| Total equity and liabilities | 10/49 | €33,953 | €35,609 | +€1,655 | +4.9% |
| Equity | 10/15 | €24,414 | €26,697 | +€2,283 | +9.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €1,921 | €1,921 | = | 0.0% |
| Distributable reserves | 133 | €1,921 | €1,921 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,507 | -€5,224 | +€2,283 | +30.4% |
| Amounts payable | 17/49 | €9,539 | €8,911 | -€628 | -6.6% |
| Amounts payable within one year | 42/48 | €9,539 | €8,911 | -€628 | -6.6% |
| Trade debts | 44 | €1,281 | €2,300 | +€1,019 | +79.6% |
| Suppliers | 440/4 | €1,281 | €2,300 | +€1,019 | +79.6% |
| Taxes, remuneration and social security | 45 | €1,614 | €2,650 | +€1,036 | +64.2% |
| Taxes | 450/3 | €1,614 | €2,650 | +€1,036 | +64.2% |
| Other amounts payable | 47/48 | €6,645 | €3,962 | -€2,683 | -40.4% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370 | €370 | = | 0.0% |
| Other operating charges | 640/8 | €1,205 | €1,307 | +€102 | +8.5% |
| Gross operating margin | 9900 | -€7,050 | €4,669 | +€11,719 | |
| Operating profit (loss) | 9901 | -€8,624 | €2,993 | +€11,617 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €182 | €189 | +€7 | +3.9% |
| Recurring financial charges | 65 | €182 | €189 | +€7 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,806 | €2,804 | +€11,610 | |
| Income taxes | 67/77 | €515 | €520 | +€5 | +1.0% |
| Profit (loss) for the period | 9904 | -€9,321 | €2,283 | +€11,605 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,321 | €2,283 | +€11,605 |
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 21 October 2026 via checked.be.