KOEN NAETS: 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 NAETS
Largest movements
- Receivables within one year +€13,178
up €13,178 (+101%), from €13,087 to €26,265
of which Trade receivables: +€14,637
- Cash -€1,147
down €1,147 (-35.7%), from €3,215 to €2,068
mainly Receivables within one year (-€13,178) and Tax, wage and social debts (-€6,077)
- Profit (loss) carried forward +€7,795
up €7,795 (+209%), from €3,738 to €11,533
- Tax, wage and social debts -€6,077
down €6,077 (-95.2%), from €6,383 to €305
- Trade debts +€5,591
new in 2024: €5,591
- Other debts +€4,447
new in 2024: €4,447
- Financial charges -€942
down €942 (-41.4%), from €2,273 to €1,331
- Write-downs -€740
no longer reported in 2024 (was €740)
- Taxes +€600
up €600 (+38.0%), from €1,579 to €2,180
- Other operating charges -€364
down €364 (-51.3%), from €709 to €345
- Depreciation +€270
up €270 (+19.9%), from €1,355 to €1,624
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,721 | €30,476 | +€11,755 | +62.8% |
| Fixed assets | 21/28 | €2,419 | €2,142 | -€276 | -11.4% |
| Tangible fixed assets | 22/27 | €2,419 | €2,142 | -€276 | -11.4% |
| Land and buildings | 22 | €1,419 | €2,142 | +€724 | +51.0% |
| Plant, machinery and equipment | 23 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €16,302 | €28,334 | +€12,031 | +73.8% |
| Amounts receivable within one year | 40/41 | €13,087 | €26,265 | +€13,178 | +101% |
| Trade receivables | 40 | €10,984 | €25,621 | +€14,637 | +133% |
| Other amounts receivable | 41 | €2,103 | €644 | -€1,459 | -69.4% |
| Cash at bank and in hand | 54/58 | €3,215 | €2,068 | -€1,147 | -35.7% |
| Total equity and liabilities | 10/49 | €18,721 | €30,476 | +€11,755 | +62.8% |
| Equity | 10/15 | €12,338 | €20,133 | +€7,795 | +63.2% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,738 | €11,533 | +€7,795 | +209% |
| Amounts payable | 17/49 | €6,383 | €10,343 | +€3,960 | +62.0% |
| Amounts payable within one year | 42/48 | €6,383 | €10,343 | +€3,960 | +62.0% |
| Trade debts | 44 | - | €5,591 | +€5,591 | |
| Suppliers | 440/4 | - | €5,591 | +€5,591 | |
| Taxes, remuneration and social security | 45 | €6,383 | €305 | -€6,077 | -95.2% |
| Taxes | 450/3 | €6,383 | €305 | -€6,077 | -95.2% |
| Other amounts payable | 47/48 | - | €4,447 | +€4,447 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,355 | €1,624 | +€270 | +19.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €740 | - | -€740 | |
| Other operating charges | 640/8 | €709 | €345 | -€364 | -51.3% |
| Gross operating margin | 9900 | €13,202 | €13,275 | +€73 | +0.6% |
| Operating profit (loss) | 9901 | €10,397 | €11,305 | +€907 | +8.7% |
| Financial income | 75/76B | €26 | €1 | -€24 | -95.4% |
| Recurring financial income | 75 | €26 | €1 | -€24 | -95.4% |
| Financial charges | 65/66B | €2,273 | €1,331 | -€942 | -41.4% |
| Recurring financial charges | 65 | €2,273 | €1,331 | -€942 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €8,150 | €9,975 | +€1,825 | +22.4% |
| Income taxes | 67/77 | €1,579 | €2,180 | +€600 | +38.0% |
| Profit (loss) for the period | 9904 | €6,571 | €7,795 | +€1,224 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,571 | €7,795 | +€1,224 | +18.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.