KOEN MARIS: 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 MARIS
Largest movements
- Current investments +€89,852
new in 2025: €89,852
- Receivables within one year +€81,310
up €81,310 (+434%), from €18,755 to €100,066
of which Trade receivables: +€42,024
- Cash +€40,160
up €40,160 (+82.0%), from €48,961 to €89,120
mainly Net result for the year (+€150,750) and Tax, wage and social debts (+€69,465)
- Tangible fixed assets -€38,603
down €38,603 (-83.1%), from €46,435 to €7,832
of which Furniture and vehicles: -€43,695
- Deferred charges and accrued income +€3,194
new in 2025: €3,194
- Reserves +€150,750
up €150,750 (+485%), from €31,055 to €181,804
- Tax, wage and social debts +€69,465
up €69,465 (+239%), from €29,110 to €98,575
- Debts after one year -€33,075
down €33,075 (-100%), from €33,075 to €0
- Current portion of long-term debt -€10,877
down €10,877 (-100%), from €10,877 to €0
- Gross operating margin +€165,416
up €165,416 (+323%), from €51,177 to €216,593
- Taxes +€46,178
up €46,178 (+454%), from €10,177 to €56,355
- Depreciation -€7,981
down €7,981 (-87.8%), from €9,092 to €1,111
- Other operating charges +€5,395
up €5,395 (+791%), from €682 to €6,077
- Financial charges +€2,209
up €2,209 (+1,946%), from €114 to €2,323
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 | €114,151 | €290,064 | +€175,913 | +154% |
| Fixed assets | 21/28 | €46,435 | €7,832 | -€38,603 | -83.1% |
| Tangible fixed assets | 22/27 | €46,435 | €7,832 | -€38,603 | -83.1% |
| Plant, machinery and equipment | 23 | €829 | €5,921 | +€5,092 | +614% |
| Furniture and vehicles | 24 | €45,606 | €1,911 | -€43,695 | -95.8% |
| Current assets | 29/58 | €67,716 | €282,232 | +€214,517 | +317% |
| Amounts receivable within one year | 40/41 | €18,755 | €100,066 | +€81,310 | +434% |
| Trade receivables | 40 | €18,755 | €60,779 | +€42,024 | +224% |
| Other amounts receivable | 41 | - | €39,286 | +€39,286 | |
| Current investments | 50/53 | - | €89,852 | +€89,852 | |
| Cash at bank and in hand | 54/58 | €48,961 | €89,120 | +€40,160 | +82.0% |
| Deferred charges and accrued income | 490/1 | - | €3,194 | +€3,194 | |
| Total equity and liabilities | 10/49 | €114,151 | €290,064 | +€175,913 | +154% |
| Equity | 10/15 | €36,055 | €186,804 | +€150,750 | +418% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,055 | €181,804 | +€150,750 | +485% |
| Distributable reserves | 133 | €31,055 | €181,804 | +€150,750 | +485% |
| Amounts payable | 17/49 | €78,096 | €103,259 | +€25,163 | +32.2% |
| Amounts payable after more than one year | 17 | €33,075 | €0 | -€33,075 | -100% |
| Financial debts | 170/4 | €33,075 | €0 | -€33,075 | -100% |
| Amounts payable within one year | 42/48 | €45,021 | €103,259 | +€58,239 | +129% |
| Current portion of amounts payable after more than one year | 42 | €10,877 | €0 | -€10,877 | -100% |
| Financial debts | 43 | €1,892 | €3,288 | +€1,397 | +73.8% |
| Credit institutions | 430/8 | €1,892 | €3,288 | +€1,397 | +73.8% |
| Trade debts | 44 | €990 | €1,396 | +€406 | +41.0% |
| Suppliers | 440/4 | €990 | €1,396 | +€406 | +41.0% |
| Taxes, remuneration and social security | 45 | €29,110 | €98,575 | +€69,465 | +239% |
| Taxes | 450/3 | €29,110 | €98,575 | +€69,465 | +239% |
| Other amounts payable | 47/48 | €2,152 | €0 | -€2,152 | -100% |
| Non-recurring operating income | 76A | - | €6,460 | +€6,460 | |
| Remuneration, social security and pensions | 62 | €58 | €183 | +€125 | +213% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,092 | €1,111 | -€7,981 | -87.8% |
| Other operating charges | 640/8 | €682 | €6,077 | +€5,395 | +791% |
| Gross operating margin | 9900 | €51,177 | €216,593 | +€165,416 | +323% |
| Operating profit (loss) | 9901 | €41,345 | €209,223 | +€167,878 | +406% |
| Financial income | 75/76B | - | €205 | +€205 | |
| Recurring financial income | 75 | - | €205 | +€205 | |
| Financial charges | 65/66B | €114 | €2,323 | +€2,209 | +1,946% |
| Recurring financial charges | 65 | €114 | €2,323 | +€2,209 | +1,946% |
| Profit (loss) for the period before taxes | 9903 | €41,231 | €207,105 | +€165,873 | +402% |
| Income taxes | 67/77 | €10,177 | €56,355 | +€46,178 | +454% |
| Profit (loss) for the period | 9904 | €31,055 | €150,750 | +€119,695 | +385% |
| Profit (loss) for the period to be appropriated | 9905 | €31,055 | €150,750 | +€119,695 | +385% |
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 18 October 2026 via checked.be.