KOEN HAECK: 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 HAECK
Largest movements
- Tangible fixed assets -€22,043
down €22,043 (-30.7%), from €71,840 to €49,797
of which Furniture and vehicles: -€13,169
- Receivables within one year -€9,674
down €9,674 (-42.4%), from €22,794 to €13,120
of which Other amounts receivable: -€14,922
- Deferred charges and accrued income -€1,907
down €1,907 (-37.0%), from €5,159 to €3,252
- Cash -€1,796
down €1,796 (-10.8%), from €16,615 to €14,819
mainly Net result for the year (-€28,508) and Current portion of long-term debt (-€10,085)
- Profit (loss) carried forward -€28,508
down €28,508 (-2,588%), from -€1,102 to -€29,609
- Current portion of long-term debt -€10,085
down €10,085 (-86.0%), from €11,725 to €1,640
- Tax, wage and social debts -€9,182
down €9,182 (-94.1%), from €9,760 to €578
of which Remuneration and social security: -€9,012
- Trade debts +€7,263
up €7,263 (+40.5%), from €17,943 to €25,206
- Other debts +€6,288
up €6,288 (+2,245%), from €280 to €6,568
- Gross operating margin -€31,384
down €31,384, from €27,790 to -€3,594
- Staff costs -€2,126
no longer reported in 2025 (was €2,126)
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 | €120,344 | €84,481 | -€35,863 | -29.8% |
| Fixed assets | 21/28 | €71,840 | €49,797 | -€22,043 | -30.7% |
| Tangible fixed assets | 22/27 | €71,840 | €49,797 | -€22,043 | -30.7% |
| Land and buildings | 22 | €28,524 | €25,325 | -€3,199 | -11.2% |
| Plant, machinery and equipment | 23 | €10,810 | €6,698 | -€4,112 | -38.0% |
| Furniture and vehicles | 24 | €26,295 | €13,126 | -€13,169 | -50.1% |
| Leasing and similar rights | 25 | €6,211 | €4,648 | -€1,563 | -25.2% |
| Current assets | 29/58 | €48,504 | €34,684 | -€13,820 | -28.5% |
| Stocks and contracts in progress | 3 | €3,936 | €3,492 | -€443 | -11.3% |
| Stocks | 30/36 | €3,936 | €3,492 | -€443 | -11.3% |
| Amounts receivable within one year | 40/41 | €22,794 | €13,120 | -€9,674 | -42.4% |
| Trade receivables | 40 | €6,495 | €11,743 | +€5,248 | +80.8% |
| Other amounts receivable | 41 | €16,300 | €1,378 | -€14,922 | -91.5% |
| Cash at bank and in hand | 54/58 | €16,615 | €14,819 | -€1,796 | -10.8% |
| Deferred charges and accrued income | 490/1 | €5,159 | €3,252 | -€1,907 | -37.0% |
| Total equity and liabilities | 10/49 | €120,344 | €84,481 | -€35,863 | -29.8% |
| Equity | 10/15 | €75,707 | €47,199 | -€28,508 | -37.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,208 | €58,208 | = | 0.0% |
| Distributable reserves | 133 | €58,208 | €58,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,102 | -€29,609 | -€28,508 | -2,588% |
| Amounts payable | 17/49 | €44,637 | €37,282 | -€7,356 | -16.5% |
| Amounts payable after more than one year | 17 | €4,930 | €3,290 | -€1,640 | -33.3% |
| Financial debts | 170/4 | €4,930 | €3,290 | -€1,640 | -33.3% |
| Amounts payable within one year | 42/48 | €39,708 | €33,992 | -€5,716 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €11,725 | €1,640 | -€10,085 | -86.0% |
| Trade debts | 44 | €17,943 | €25,206 | +€7,263 | +40.5% |
| Suppliers | 440/4 | €17,943 | €25,206 | +€7,263 | +40.5% |
| Taxes, remuneration and social security | 45 | €9,760 | €578 | -€9,182 | -94.1% |
| Taxes | 450/3 | €748 | €578 | -€170 | -22.7% |
| Remuneration and social security | 454/9 | €9,012 | - | -€9,012 | |
| Other amounts payable | 47/48 | €280 | €6,568 | +€6,288 | +2,245% |
| Remuneration, social security and pensions | 62 | €2,126 | - | -€2,126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,954 | €22,043 | +€89 | +0.4% |
| Other operating charges | 640/8 | €1,671 | €1,589 | -€82 | -4.9% |
| Gross operating margin | 9900 | €27,790 | -€3,594 | -€31,384 | |
| Operating profit (loss) | 9901 | €2,040 | -€27,226 | -€29,266 | |
| Financial income | 75/76B | €22 | €45 | +€23 | +104% |
| Recurring financial income | 75 | €22 | €45 | +€23 | +104% |
| Financial charges | 65/66B | €1,172 | €926 | -€246 | -21.0% |
| Recurring financial charges | 65 | €1,172 | €926 | -€246 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €890 | -€28,107 | -€28,997 | |
| Income taxes | 67/77 | €375 | €401 | +€26 | +6.9% |
| Profit (loss) for the period | 9904 | €515 | -€28,508 | -€29,023 | |
| Profit (loss) for the period to be appropriated | 9905 | €515 | -€28,508 | -€29,023 |
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 25 October 2026 via checked.be.