KOEN TRANS: what changed
Two fiscal 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 TRANS
Largest movements
- Tangible fixed assets -€47,358
down €47,358 (-49.2%), from €96,175 to €48,816
of which Furniture and vehicles: -€49,936
- Cash +€34,612
up €34,612 (+54.4%), from €63,629 to €98,241
mainly Net result for the year (+€41,988) and Depreciation (+€41,592)
- Receivables after one year -€30,000
down €30,000 (-42.9%), from €70,000 to €40,000
- Receivables within one year +€18,833
up €18,833 (+40.3%), from €46,737 to €65,570
of which Other amounts receivable: +€10,605
- Current portion of long-term debt -€17,577
down €17,577 (-54.3%), from €32,345 to €14,768
- Debts after one year -€14,768
no longer reported in 2025 (was €14,768)
- Reserves +€9,021
up €9,021 (+6.2%), from €144,809 to €153,830
of which Distributable reserves: +€9,021
- Gross operating margin +€26,959
up €26,959 (+27.7%), from €97,445 to €124,405
- Taxes +€8,496
up €8,496 (+102.7%), from €8,273 to €16,769
- Depreciation -€5,250
down €5,250 (-11.2%), from €46,842 to €41,592
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 | €276,541 | €252,628 | -€23,914 | -8.6% |
| Fixed assets | 21/28 | €96,175 | €48,816 | -€47,358 | -49.2% |
| Tangible fixed assets | 22/27 | €96,175 | €48,816 | -€47,358 | -49.2% |
| Plant, machinery and equipment | 23 | €16,990 | €19,568 | +€2,578 | +15.2% |
| Furniture and vehicles | 24 | €79,185 | €29,248 | -€49,936 | -63.1% |
| Current assets | 29/58 | €180,367 | €203,811 | +€23,445 | +13.0% |
| Amounts receivable after more than one year | 29 | €70,000 | €40,000 | -€30,000 | -42.9% |
| Other amounts receivable | 291 | €70,000 | €40,000 | -€30,000 | -42.9% |
| Amounts receivable within one year | 40/41 | €46,737 | €65,570 | +€18,833 | +40.3% |
| Trade receivables | 40 | €36,872 | €45,100 | +€8,228 | +22.3% |
| Other amounts receivable | 41 | €9,865 | €20,470 | +€10,605 | +107.5% |
| Cash at bank and in hand | 54/58 | €63,629 | €98,241 | +€34,612 | +54.4% |
| Total equity and liabilities | 10/49 | €276,541 | €252,628 | -€23,914 | -8.6% |
| Equity | 10/15 | €173,165 | €182,187 | +€9,021 | +5.2% |
| Contributions | 10/11 | €28,357 | €28,357 | = | 0.0% |
| Reserves | 13 | €144,809 | €153,830 | +€9,021 | +6.2% |
| Tax-exempt reserves | 132 | €89 | €89 | = | 0.0% |
| Distributable reserves | 133 | €144,720 | €153,741 | +€9,021 | +6.2% |
| Amounts payable | 17/49 | €103,376 | €70,441 | -€32,935 | -31.9% |
| Amounts payable after more than one year | 17 | €14,768 | - | -€14,768 | |
| Financial debts | 170/4 | €14,768 | - | -€14,768 | |
| Amounts payable within one year | 42/48 | €88,608 | €70,441 | -€18,167 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €32,345 | €14,768 | -€17,577 | -54.3% |
| Trade debts | 44 | €2,577 | €4,238 | +€1,661 | +64.4% |
| Suppliers | 440/4 | €2,577 | €4,238 | +€1,661 | +64.4% |
| Taxes, remuneration and social security | 45 | €19,649 | €18,469 | -€1,180 | -6.0% |
| Taxes | 450/3 | €19,649 | €18,469 | -€1,180 | -6.0% |
| Other amounts payable | 47/48 | €34,038 | €32,967 | -€1,071 | -3.1% |
| Non-recurring operating income | 76A | - | €6,335 | +€6,335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,842 | €41,592 | -€5,250 | -11.2% |
| Other operating charges | 640/8 | €22,863 | €22,908 | +€46 | +0.2% |
| Gross operating margin | 9900 | €97,445 | €124,405 | +€26,959 | +27.7% |
| Operating profit (loss) | 9901 | €27,741 | €59,904 | +€32,164 | +115.9% |
| Financial income | 75/76B | €1,619 | €983 | -€636 | -39.3% |
| Recurring financial income | 75 | €1,619 | €983 | -€636 | -39.3% |
| Financial charges | 65/66B | €1,560 | €2,130 | +€570 | +36.5% |
| Recurring financial charges | 65 | €1,560 | €2,130 | +€570 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €27,800 | €58,757 | +€30,957 | +111.4% |
| Income taxes | 67/77 | €8,273 | €16,769 | +€8,496 | +102.7% |
| Profit (loss) for the period | 9904 | €19,527 | €41,988 | +€22,461 | +115.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,527 | €41,988 | +€22,461 | +115.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.