KOEN VANDEVENNE: what changed
What changed
KOEN VANDEVENNE
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€112,686
2024 · €111,548+€1,138
Equity
€654,467
2024 · €427,138+€227,329
Cash
€433,456
2024 · €593,212-€159,756
Balance sheet total
€860,385
2024 · €904,792-€44,407
Largest movements
Assets
- Cash -€159,756
down €159,756 (-26.9%), from €593,212 to €433,456
mainly Other debts (-€120,535) and Receivables within one year (-€110,469)
- Receivables within one year +€110,469
up €110,469 (+643,756%), from €17 to €110,486
of which Other amounts receivable: +€77,469
Equity and liabilities
- Revaluation surpluses +€180,000
new in 2025: €180,000
- Other debts -€120,535
down €120,535 (-67.6%), from €178,392 to €57,857
- Debts after one year -€73,660
down €73,660 (-100%), from €73,660 to €0
- Reserves +€47,329
up €47,329 (+11.1%), from €427,138 to €474,467
- Current portion of long-term debt -€46,077
down €46,077 (-100%), from €46,077 to €0
Income statement
- Provisions +€30,000
new in 2025: €30,000
- Depreciation -€11,967
down €11,967 (-51.0%), from €23,475 to €11,508
- Taxes -€6,774
down €6,774 (-12.7%), from €53,264 to €46,490
- Gross operating margin +€6,295
up €6,295 (+3.2%), from €195,324 to €201,620
- Financial charges -€4,411
down €4,411 (-88.6%), from €4,977 to €566
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€111,548
Gross operating margin
+€6,295
Depreciation
+€11,967
Provisions
-€30,000
Other operating charges
+€593
Financial income
+€1,098
Financial charges
+€4,411
Taxes
+€6,774
Result 2025
€112,686
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€138,273
Investment
-€16,389
Financing
-€5,094
Cash 2024
€593,212
From operations (derived)
-€138,273
Net result for the year
+€112,686
Depreciation
+€11,508
Receivables within one year
-€110,469
Provisions
+€30,000
Trade debts
-€22,825
Tax, wage and social debts
-€38,638
Other debts
-€120,535
Investment (derived)
-€16,389
Investment in fixed assets (net)
-€16,389
Financing
-€5,094
Debts after one year
-€73,660
Current portion of long-term debt
-€46,077
Contributions, distributions and other
+€114,643
Cash 2025
€433,456
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €904,792 | €860,385 | -€44,407 | -4.9% |
| Fixed assets | 21/28 | €311,562 | €316,443 | +€4,881 | +1.6% |
| Tangible fixed assets | 22/27 | €311,510 | €316,391 | +€4,881 | +1.6% |
| Land and buildings | 22 | €307,744 | €314,733 | +€6,989 | +2.3% |
| Other tangible fixed assets | 26 | €3,766 | €1,658 | -€2,108 | -56.0% |
| Financial fixed assets | 28 | €52 | €52 | = | 0.0% |
| Current assets | 29/58 | €593,230 | €543,942 | -€49,288 | -8.3% |
| Amounts receivable within one year | 40/41 | €17 | €110,486 | +€110,469 | +643,756% |
| Trade receivables | 40 | - | €33,000 | +€33,000 | |
| Other amounts receivable | 41 | €17 | €77,486 | +€77,469 | +451,449% |
| Cash at bank and in hand | 54/58 | €593,212 | €433,456 | -€159,756 | -26.9% |
| Total equity and liabilities | 10/49 | €904,792 | €860,385 | -€44,407 | -4.9% |
| Equity | 10/15 | €427,138 | €654,467 | +€227,329 | +53.2% |
| Contributions | 10/11 | €0 | - | = | |
| Revaluation surpluses | 12 | - | €180,000 | +€180,000 | |
| Reserves | 13 | €427,138 | €474,467 | +€47,329 | +11.1% |
| Distributable reserves | 133 | €427,138 | €474,467 | +€47,329 | +11.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €109,080 | €139,080 | +€30,000 | +27.5% |
| Provisions for liabilities and charges | 160/5 | €109,080 | €139,080 | +€30,000 | +27.5% |
| Pensions and similar obligations | 160 | €109,080 | €139,080 | +€30,000 | +27.5% |
| Amounts payable | 17/49 | €368,574 | €66,838 | -€301,736 | -81.9% |
| Amounts payable after more than one year | 17 | €73,660 | €0 | -€73,660 | -100% |
| Financial debts | 170/4 | €73,660 | €0 | -€73,660 | -100% |
| Amounts payable within one year | 42/48 | €294,913 | €66,838 | -€228,075 | -77.3% |
| Current portion of amounts payable after more than one year | 42 | €46,077 | €0 | -€46,077 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €26,038 | €3,213 | -€22,825 | -87.7% |
| Suppliers | 440/4 | €26,038 | €3,213 | -€22,825 | -87.7% |
| Taxes, remuneration and social security | 45 | €44,407 | €5,768 | -€38,638 | -87.0% |
| Taxes | 450/3 | €21,472 | €0 | -€21,472 | -100% |
| Remuneration and social security | 454/9 | €22,935 | €5,768 | -€17,166 | -74.8% |
| Other amounts payable | 47/48 | €178,392 | €57,857 | -€120,535 | -67.6% |
| Non-recurring operating income | 76A | - | €37,763 | +€37,763 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,475 | €11,508 | -€11,967 | -51.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €30,000 | +€30,000 | |
| Other operating charges | 640/8 | €4,308 | €3,714 | -€593 | -13.8% |
| Gross operating margin | 9900 | €195,324 | €201,620 | +€6,295 | +3.2% |
| Operating profit (loss) | 9901 | €167,542 | €156,397 | -€11,145 | -6.7% |
| Financial income | 75/76B | €2,246 | €3,344 | +€1,098 | +48.9% |
| Recurring financial income | 75 | €2,246 | €3,344 | +€1,098 | +48.9% |
| Financial charges | 65/66B | €4,977 | €566 | -€4,411 | -88.6% |
| Recurring financial charges | 65 | €4,977 | €566 | -€4,411 | -88.6% |
| Profit (loss) for the period before taxes | 9903 | €164,811 | €159,176 | -€5,636 | -3.4% |
| Income taxes | 67/77 | €53,264 | €46,490 | -€6,774 | -12.7% |
| Profit (loss) for the period | 9904 | €111,548 | €112,686 | +€1,138 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €111,548 | €112,686 | +€1,138 | +1.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.