KOEN STEVENS: 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 STEVENS
Largest movements
- Cash -€8,175
down €8,175 (-73.9%), from €11,068 to €2,892
mainly Net result for the year (-€6,327) and Receivables within one year (-€5,568)
- Receivables within one year +€5,568
up €5,568 (+125.7%), from €4,429 to €9,997
of which Trade receivables: +€2,882
- Tangible fixed assets -€3,721
down €3,721 (-32.5%), from €11,459 to €7,739
of which Furniture and vehicles: -€4,393
- Deferred charges and accrued income +€1,146
up €1,146 (+536.2%), from €214 to €1,359
- Profit (loss) carried forward -€6,327
down €6,327, from €0 to -€6,327
- Tax, wage and social debts +€1,894
up €1,894 (+64.3%), from €2,945 to €4,839
of which Remuneration and social security: +€1,512
- Other debts -€782
down €782 (-11.3%), from €6,918 to €6,135
- Gross operating margin -€15,880
down €15,880, from €15,457 to -€423
- Taxes -€3,288
down €3,288 (-91.3%), from €3,602 to €314
- Financial income +€381
up €381 (+753.7%), from €51 to €432
- Depreciation +€380
up €380 (+8.4%), from €4,526 to €4,906
- Other operating charges -€290
down €290 (-23.8%), from €1,218 to €928
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.
Cash bridge derived
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 | €27,169 | €21,987 | -€5,182 | -19.1% |
| Fixed assets | 21/28 | €11,459 | €7,739 | -€3,721 | -32.5% |
| Tangible fixed assets | 22/27 | €11,459 | €7,739 | -€3,721 | -32.5% |
| Plant, machinery and equipment | 23 | €425 | €259 | -€166 | -39.1% |
| Furniture and vehicles | 24 | €10,320 | €5,926 | -€4,393 | -42.6% |
| Other tangible fixed assets | 26 | €715 | €1,554 | +€839 | +117.4% |
| Current assets | 29/58 | €15,710 | €14,249 | -€1,462 | -9.3% |
| Amounts receivable within one year | 40/41 | €4,429 | €9,997 | +€5,568 | +125.7% |
| Trade receivables | 40 | €2,531 | €5,414 | +€2,882 | +113.9% |
| Other amounts receivable | 41 | €1,898 | €4,583 | +€2,686 | +141.5% |
| Cash at bank and in hand | 54/58 | €11,068 | €2,892 | -€8,175 | -73.9% |
| Deferred charges and accrued income | 490/1 | €214 | €1,359 | +€1,146 | +536.2% |
| Total equity and liabilities | 10/49 | €27,169 | €21,987 | -€5,182 | -19.1% |
| Equity | 10/15 | €15,022 | €8,695 | -€6,327 | -42.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €12,522 | €12,522 | = | 0.0% |
| Distributable reserves | 133 | €12,522 | €12,522 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€6,327 | -€6,327 | |
| Amounts payable | 17/49 | €12,147 | €13,293 | +€1,145 | +9.4% |
| Amounts payable within one year | 42/48 | €12,147 | €13,293 | +€1,145 | +9.4% |
| Trade debts | 44 | €2,284 | €2,318 | +€34 | +1.5% |
| Suppliers | 440/4 | €2,284 | €2,318 | +€34 | +1.5% |
| Taxes, remuneration and social security | 45 | €2,945 | €4,839 | +€1,894 | +64.3% |
| Taxes | 450/3 | €679 | €1,061 | +€382 | +56.2% |
| Remuneration and social security | 454/9 | €2,266 | €3,779 | +€1,512 | +66.7% |
| Other amounts payable | 47/48 | €6,918 | €6,135 | -€782 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,526 | €4,906 | +€380 | +8.4% |
| Other operating charges | 640/8 | €1,218 | €928 | -€290 | -23.8% |
| Gross operating margin | 9900 | €15,457 | -€423 | -€15,880 | |
| Operating profit (loss) | 9901 | €9,713 | -€6,257 | -€15,970 | |
| Financial income | 75/76B | €51 | €432 | +€381 | +753.7% |
| Recurring financial income | 75 | €51 | €432 | +€381 | +753.7% |
| Financial charges | 65/66B | €336 | €188 | -€147 | -43.9% |
| Recurring financial charges | 65 | €336 | €188 | -€147 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €9,428 | -€6,013 | -€15,441 | |
| Income taxes | 67/77 | €3,602 | €314 | -€3,288 | -91.3% |
| Profit (loss) for the period | 9904 | €5,826 | -€6,327 | -€12,153 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,826 | -€6,327 | -€12,153 |
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 11 October 2026 via checked.be.