Koen Van Dooren: 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 Van Dooren
Largest movements
- Receivables within one year +€64,895
up €64,895 (+870%), from €7,458 to €72,353
of which Trade receivables: +€45,375
- Cash -€15,201
down €15,201 (-26.8%), from €56,775 to €41,574
mainly Receivables within one year (-€64,895) and Contributions, distributions and other (-€30,000)
- Deferred charges and accrued income +€2,631
up €2,631 (+140%), from €1,873 to €4,503
- Other debts +€31,612
up €31,612 (+238%), from €13,300 to €44,912
- Profit (loss) carried forward +€12,367
up €12,367 (+15.5%), from €80,015 to €92,382
- Trade debts +€10,321
up €10,321 (+1,120%), from €921 to €11,243
- Tax, wage and social debts -€2,460
down €2,460 (-26.1%), from €9,442 to €6,981
- Gross operating margin +€38,491
up €38,491 (+334%), from €11,538 to €50,029
- Taxes +€1,917
up €1,917 (+64.5%), from €2,973 to €4,891
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 | €103,678 | €155,518 | +€51,840 | +50.0% |
| Fixed assets | 21/28 | €1,601 | €1,116 | -€485 | -30.3% |
| Tangible fixed assets | 22/27 | €1,601 | €1,116 | -€485 | -30.3% |
| Furniture and vehicles | 24 | €1,601 | €1,116 | -€485 | -30.3% |
| Current assets | 29/58 | €102,077 | €154,402 | +€52,324 | +51.3% |
| Stocks and contracts in progress | 3 | €35,972 | €35,972 | = | 0.0% |
| Stocks | 30/36 | €35,972 | €35,972 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,458 | €72,353 | +€64,895 | +870% |
| Trade receivables | 40 | €367 | €45,742 | +€45,375 | +12,356% |
| Other amounts receivable | 41 | €7,091 | €26,611 | +€19,520 | +275% |
| Cash at bank and in hand | 54/58 | €56,775 | €41,574 | -€15,201 | -26.8% |
| Deferred charges and accrued income | 490/1 | €1,873 | €4,503 | +€2,631 | +140% |
| Total equity and liabilities | 10/49 | €103,678 | €155,518 | +€51,840 | +50.0% |
| Equity | 10/15 | €80,015 | €92,382 | +€12,367 | +15.5% |
| Profit (loss) carried forward | 14 | €80,015 | €92,382 | +€12,367 | +15.5% |
| Amounts payable | 17/49 | €23,663 | €63,136 | +€39,473 | +167% |
| Amounts payable within one year | 42/48 | €23,663 | €63,136 | +€39,473 | +167% |
| Trade debts | 44 | €921 | €11,243 | +€10,321 | +1,120% |
| Suppliers | 440/4 | €921 | €11,243 | +€10,321 | +1,120% |
| Taxes, remuneration and social security | 45 | €9,442 | €6,981 | -€2,460 | -26.1% |
| Taxes | 450/3 | €9,442 | €6,981 | -€2,460 | -26.1% |
| Other amounts payable | 47/48 | €13,300 | €44,912 | +€31,612 | +238% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €485 | €485 | = | 0.0% |
| Other operating charges | 640/8 | €1,805 | €1,999 | +€194 | +10.7% |
| Gross operating margin | 9900 | €11,538 | €50,029 | +€38,491 | +334% |
| Operating profit (loss) | 9901 | €9,248 | €47,545 | +€38,297 | +414% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €218 | €288 | +€70 | +32.0% |
| Recurring financial charges | 65 | €218 | €288 | +€70 | +32.0% |
| Profit (loss) for the period before taxes | 9903 | €9,041 | €47,257 | +€38,216 | +423% |
| Income taxes | 67/77 | €2,973 | €4,891 | +€1,917 | +64.5% |
| Profit (loss) for the period | 9904 | €6,068 | €42,367 | +€36,299 | +598% |
| Profit (loss) for the period to be appropriated | 9905 | €6,068 | €42,367 | +€36,299 | +598% |
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 20 October 2026 via checked.be.