KOEN LOMBAERTS: 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 LOMBAERTS
Largest movements
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash +€73,496
up €73,496 (+73.9%), from €99,519 to €173,014
mainly Current investments (+€100,000) and Net result for the year (+€61,388)
- Tangible fixed assets +€49,699
up €49,699 (+16.1%), from €307,765 to €357,464
of which Furniture and vehicles: +€64,040
- Debts after one year +€32,654
up €32,654 (+11.0%), from €296,969 to €329,624
- Reserves -€20,684
down €20,684 (-17.3%), from €119,384 to €98,700
- Current portion of long-term debt +€14,126
up €14,126 (+95.6%), from €14,778 to €28,904
- Gross operating margin +€6,744
up €6,744 (+6.2%), from €108,357 to €115,101
- Depreciation +€6,121
up €6,121 (+31.7%), from €19,291 to €25,412
- Financial charges +€2,646
up €2,646 (+39.8%), from €6,644 to €9,290
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 | €511,413 | €537,294 | +€25,881 | +5.1% |
| Fixed assets | 21/28 | €307,790 | €357,489 | +€49,699 | +16.1% |
| Tangible fixed assets | 22/27 | €307,765 | €357,464 | +€49,699 | +16.1% |
| Land and buildings | 22 | €290,148 | €275,210 | -€14,938 | -5.1% |
| Plant, machinery and equipment | 23 | - | €597 | +€597 | |
| Furniture and vehicles | 24 | €17,617 | €81,657 | +€64,040 | +364% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €203,623 | €179,806 | -€23,818 | -11.7% |
| Amounts receivable within one year | 40/41 | €7 | €230 | +€223 | +3,025% |
| Trade receivables | 40 | €7 | €33 | +€26 | +352% |
| Other amounts receivable | 41 | €0 | €197 | +€197 | |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €99,519 | €173,014 | +€73,496 | +73.9% |
| Deferred charges and accrued income | 490/1 | €4,097 | €6,562 | +€2,464 | +60.1% |
| Total equity and liabilities | 10/49 | €511,413 | €537,294 | +€25,881 | +5.1% |
| Equity | 10/15 | €134,384 | €113,700 | -€20,684 | -15.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €119,384 | €98,700 | -€20,684 | -17.3% |
| Distributable reserves | 133 | €119,384 | €98,700 | -€20,684 | -17.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €377,029 | €423,594 | +€46,565 | +12.4% |
| Amounts payable after more than one year | 17 | €296,969 | €329,624 | +€32,654 | +11.0% |
| Financial debts | 170/4 | €296,969 | €329,624 | +€32,654 | +11.0% |
| Amounts payable within one year | 42/48 | €80,060 | €93,970 | +€13,910 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €14,778 | €28,904 | +€14,126 | +95.6% |
| Trade debts | 44 | €3,418 | €2,008 | -€1,410 | -41.3% |
| Suppliers | 440/4 | €3,418 | €2,008 | -€1,410 | -41.3% |
| Taxes, remuneration and social security | 45 | €11,767 | €12,615 | +€848 | +7.2% |
| Taxes | 450/3 | €11,767 | €12,615 | +€848 | +7.2% |
| Other amounts payable | 47/48 | €50,096 | €50,443 | +€347 | +0.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,291 | €25,412 | +€6,121 | +31.7% |
| Other operating charges | 640/8 | €2,128 | €2,179 | +€51 | +2.4% |
| Gross operating margin | 9900 | €108,357 | €115,101 | +€6,744 | +6.2% |
| Operating profit (loss) | 9901 | €86,938 | €87,509 | +€572 | +0.7% |
| Financial income | 75/76B | €1,897 | €769 | -€1,128 | -59.5% |
| Recurring financial income | 75 | €1,897 | €769 | -€1,128 | -59.5% |
| Financial charges | 65/66B | €6,644 | €9,290 | +€2,646 | +39.8% |
| Recurring financial charges | 65 | €6,644 | €9,290 | +€2,646 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | €82,191 | €78,988 | -€3,203 | -3.9% |
| Income taxes | 67/77 | €17,973 | €17,600 | -€373 | -2.1% |
| Profit (loss) for the period | 9904 | €64,218 | €61,388 | -€2,830 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,218 | €61,388 | -€2,830 | -4.4% |
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 27 October 2026 via checked.be.