Koen-Tom: 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-Tom
Largest movements
- Cash -€11,576
down €11,576 (-39.1%), from €29,593 to €18,017
mainly Investment in fixed assets (net) (-€12,912) and Receivables within one year (-€5,446)
- Tangible fixed assets +€10,643
up €10,643 (+137%), from €7,754 to €18,397
of which Plant, machinery and equipment: +€11,904
- Receivables within one year +€5,446
up €5,446 (+561%), from €971 to €6,417
of which Trade receivables: +€4,556
- Stocks and contracts +€2,967
up €2,967 (+21.4%), from €13,880 to €16,848
- Deferred charges and accrued income -€2,870
down €2,870 (-48.1%), from €5,970 to €3,100
- Profit (loss) carried forward +€5,106
up €5,106 (+130%), from €3,916 to €9,022
- Tax, wage and social debts -€722
down €722 (-10.5%), from €6,896 to €6,173
- Trade debts +€660
up €660 (+35.3%), from €1,869 to €2,529
- Staff costs -€6,310
down €6,310 (-5.6%), from €113,109 to €106,799
- Financial charges -€1,468
down €1,468 (-86.0%), from €1,707 to €239
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 | €58,267 | €62,878 | +€4,611 | +7.9% |
| Fixed assets | 21/28 | €7,854 | €18,497 | +€10,643 | +136% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €7,754 | €18,397 | +€10,643 | +137% |
| Plant, machinery and equipment | 23 | €857 | €12,761 | +€11,904 | +1,389% |
| Furniture and vehicles | 24 | €4,552 | €3,680 | -€872 | -19.2% |
| Other tangible fixed assets | 26 | €2,345 | €1,955 | -€390 | -16.6% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €50,414 | €44,382 | -€6,032 | -12.0% |
| Stocks and contracts in progress | 3 | €13,880 | €16,848 | +€2,967 | +21.4% |
| Stocks | 30/36 | €13,880 | €16,848 | +€2,967 | +21.4% |
| Amounts receivable within one year | 40/41 | €971 | €6,417 | +€5,446 | +561% |
| Trade receivables | 40 | - | €4,556 | +€4,556 | |
| Other amounts receivable | 41 | €971 | €1,861 | +€890 | +91.7% |
| Cash at bank and in hand | 54/58 | €29,593 | €18,017 | -€11,576 | -39.1% |
| Deferred charges and accrued income | 490/1 | €5,970 | €3,100 | -€2,870 | -48.1% |
| Total equity and liabilities | 10/49 | €58,267 | €62,878 | +€4,611 | +7.9% |
| Equity | 10/15 | €41,847 | €46,953 | +€5,106 | +12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,331 | €19,331 | = | 0.0% |
| Distributable reserves | 133 | €19,331 | €19,331 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,916 | €9,022 | +€5,106 | +130% |
| Amounts payable | 17/49 | €16,420 | €15,925 | -€495 | -3.0% |
| Amounts payable within one year | 42/48 | €16,420 | €15,925 | -€495 | -3.0% |
| Trade debts | 44 | €1,869 | €2,529 | +€660 | +35.3% |
| Suppliers | 440/4 | €1,869 | €2,529 | +€660 | +35.3% |
| Taxes, remuneration and social security | 45 | €6,896 | €6,173 | -€722 | -10.5% |
| Remuneration and social security | 454/9 | €6,896 | €6,173 | -€722 | -10.5% |
| Other amounts payable | 47/48 | €7,655 | €7,223 | -€432 | -5.6% |
| Remuneration, social security and pensions | 62 | €113,109 | €106,799 | -€6,310 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,264 | €2,269 | +€5 | +0.2% |
| Other operating charges | 640/8 | €1,541 | €1,720 | +€180 | +11.7% |
| Gross operating margin | 9900 | €116,816 | €116,133 | -€683 | -0.6% |
| Operating profit (loss) | 9901 | -€98 | €5,345 | +€5,443 | |
| Financial income | 75/76B | €22 | €0 | -€22 | -99.4% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -99.4% |
| Financial charges | 65/66B | €1,707 | €239 | -€1,468 | -86.0% |
| Recurring financial charges | 65 | €1,707 | €239 | -€1,468 | -86.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,783 | €5,106 | +€6,889 | |
| Profit (loss) for the period | 9904 | -€1,783 | €5,106 | +€6,889 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,783 | €5,106 | +€6,889 |
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 26 October 2026 via checked.be.