KOEN DEWETTINCK: 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 DEWETTINCK
Largest movements
- Current investments +€30,000
new in 2025: €30,000
- Receivables within one year -€21,195
down €21,195 (-95.3%), from €22,239 to €1,044
of which Trade receivables: -€13,148
- Cash +€8,051
up €8,051 (+6.9%), from €115,931 to €123,982
mainly Net result for the year (+€35,134) and Receivables within one year (+€21,195)
- Tangible fixed assets -€7,299
down €7,299 (-24.3%), from €29,994 to €22,695
of which Other tangible fixed assets: -€4,028
- Deferred charges and accrued income +€2,061
up €2,061 (+960%), from €215 to €2,276
- Reserves +€17,080
up €17,080 (+14.9%), from €114,765 to €131,844
- Trade debts -€8,372
down €8,372 (-86.3%), from €9,705 to €1,333
- Other debts +€2,097
up €2,097 (+19.0%), from €11,019 to €13,116
- Gross operating margin +€21,798
up €21,798 (+51.8%), from €42,064 to €63,863
- Taxes +€6,172
up €6,172 (+52.3%), from €11,791 to €17,963
- Financial charges +€1,381
up €1,381 (+85.4%), from €1,616 to €2,997
- Other operating charges -€896
down €896 (-57.4%), from €1,561 to €664
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 | €169,780 | €181,398 | +€11,618 | +6.8% |
| Fixed assets | 21/28 | €31,394 | €24,095 | -€7,299 | -23.3% |
| Tangible fixed assets | 22/27 | €29,994 | €22,695 | -€7,299 | -24.3% |
| Plant, machinery and equipment | 23 | €2,884 | €2,143 | -€741 | -25.7% |
| Furniture and vehicles | 24 | €7,969 | €5,439 | -€2,530 | -31.7% |
| Other tangible fixed assets | 26 | €19,141 | €15,113 | -€4,028 | -21.0% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €138,386 | €157,303 | +€18,917 | +13.7% |
| Amounts receivable within one year | 40/41 | €22,239 | €1,044 | -€21,195 | -95.3% |
| Trade receivables | 40 | €13,908 | €760 | -€13,148 | -94.5% |
| Other amounts receivable | 41 | €8,332 | €285 | -€8,047 | -96.6% |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €115,931 | €123,982 | +€8,051 | +6.9% |
| Deferred charges and accrued income | 490/1 | €215 | €2,276 | +€2,061 | +960% |
| Total equity and liabilities | 10/49 | €169,780 | €181,398 | +€11,618 | +6.8% |
| Equity | 10/15 | €130,158 | €147,237 | +€17,080 | +13.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €114,765 | €131,844 | +€17,080 | +14.9% |
| Distributable reserves | 133 | €114,765 | €131,844 | +€17,080 | +14.9% |
| Profit (loss) carried forward | 14 | €2,993 | €2,993 | = | 0.0% |
| Amounts payable | 17/49 | €39,622 | €34,160 | -€5,462 | -13.8% |
| Amounts payable within one year | 42/48 | €39,622 | €34,160 | -€5,462 | -13.8% |
| Trade debts | 44 | €9,705 | €1,333 | -€8,372 | -86.3% |
| Suppliers | 440/4 | €9,705 | €1,333 | -€8,372 | -86.3% |
| Taxes, remuneration and social security | 45 | €18,898 | €19,711 | +€814 | +4.3% |
| Taxes | 450/3 | €18,898 | €19,711 | +€814 | +4.3% |
| Other amounts payable | 47/48 | €11,019 | €13,116 | +€2,097 | +19.0% |
| Non-recurring operating income | 76A | €4,735 | €0 | -€4,735 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,933 | €7,299 | +€367 | +5.3% |
| Other operating charges | 640/8 | €1,561 | €664 | -€896 | -57.4% |
| Gross operating margin | 9900 | €42,064 | €63,863 | +€21,798 | +51.8% |
| Operating profit (loss) | 9901 | €33,571 | €55,899 | +€22,328 | +66.5% |
| Financial income | 75/76B | - | €194 | +€194 | |
| Recurring financial income | 75 | - | €194 | +€194 | |
| Financial charges | 65/66B | €1,616 | €2,997 | +€1,381 | +85.4% |
| Recurring financial charges | 65 | €1,616 | €2,997 | +€1,381 | +85.4% |
| Profit (loss) for the period before taxes | 9903 | €31,955 | €53,097 | +€21,142 | +66.2% |
| Income taxes | 67/77 | €11,791 | €17,963 | +€6,172 | +52.3% |
| Profit (loss) for the period | 9904 | €20,164 | €35,134 | +€14,969 | +74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,164 | €35,134 | +€14,969 | +74.2% |
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 1 November 2026 via checked.be.