KOEN VRINTS: 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 VRINTS
Largest movements
- Cash +€6,406
up €6,406 (+69.3%), from €9,248 to €15,654
mainly Net result for the year (+€9,534) and Depreciation (+€5,719)
- Tangible fixed assets +€5,323
up €5,323 (+44.8%), from €11,882 to €17,205
- Receivables within one year +€4,985
up €4,985 (+15.1%), from €33,086 to €38,071
- Stocks and contracts -€1,700
no longer reported in 2025 (was €1,700)
- Profit (loss) carried forward +€9,534
up €9,534 (+44.7%), from €21,315 to €30,849
- Trade debts +€5,464
up €5,464 (+133%), from €4,096 to €9,559
- Tax, wage and social debts +€4,327
new in 2025: €4,327
- Debts after one year -€3,332
down €3,332 (-23.4%), from €14,261 to €10,930
- Gross operating margin +€10,708
up €10,708 (+103%), from €10,384 to €21,092
- Taxes +€2,940
up €2,940 (+212%), from €1,387 to €4,327
- Depreciation +€693
up €693 (+13.8%), from €5,026 to €5,719
- Financial charges -€240
down €240 (-18.0%), from €1,329 to €1,089
- Financial income +€233
new in 2025: €233
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 | €62,210 | €77,824 | +€15,614 | +25.1% |
| Fixed assets | 21/28 | €11,882 | €17,205 | +€5,323 | +44.8% |
| Tangible fixed assets | 22/27 | €11,882 | €17,205 | +€5,323 | +44.8% |
| Plant, machinery and equipment | 23 | €3,044 | €4,792 | +€1,748 | +57.4% |
| Furniture and vehicles | 24 | €8,189 | €10,801 | +€2,612 | +31.9% |
| Other tangible fixed assets | 26 | €649 | €1,612 | +€963 | +148% |
| Current assets | 29/58 | €50,329 | €60,619 | +€10,291 | +20.4% |
| Stocks and contracts in progress | 3 | €1,700 | - | -€1,700 | |
| Stocks | 30/36 | €1,700 | - | -€1,700 | |
| Amounts receivable within one year | 40/41 | €33,086 | €38,071 | +€4,985 | +15.1% |
| Other amounts receivable | 41 | €33,086 | €38,071 | +€4,985 | +15.1% |
| Cash at bank and in hand | 54/58 | €9,248 | €15,654 | +€6,406 | +69.3% |
| Deferred charges and accrued income | 490/1 | €6,295 | €6,895 | +€600 | +9.5% |
| Total equity and liabilities | 10/49 | €62,210 | €77,824 | +€15,614 | +25.1% |
| Equity | 10/15 | €39,915 | €49,449 | +€9,534 | +23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,315 | €30,849 | +€9,534 | +44.7% |
| Amounts payable | 17/49 | €22,295 | €28,375 | +€6,080 | +27.3% |
| Amounts payable after more than one year | 17 | €14,261 | €10,930 | -€3,332 | -23.4% |
| Financial debts | 170/4 | €14,261 | €10,930 | -€3,332 | -23.4% |
| Amounts payable within one year | 42/48 | €8,034 | €17,379 | +€9,345 | +116% |
| Current portion of amounts payable after more than one year | 42 | €3,938 | €3,493 | -€446 | -11.3% |
| Trade debts | 44 | €4,096 | €9,559 | +€5,464 | +133% |
| Suppliers | 440/4 | €4,096 | €9,559 | +€5,464 | +133% |
| Taxes, remuneration and social security | 45 | - | €4,327 | +€4,327 | |
| Taxes | 450/3 | - | €4,327 | +€4,327 | |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Non-recurring operating income | 76A | - | €8,984 | +€8,984 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,026 | €5,719 | +€693 | +13.8% |
| Other operating charges | 640/8 | €599 | €620 | +€21 | +3.5% |
| Non-recurring operating charges | 66A | - | €36 | +€36 | |
| Gross operating margin | 9900 | €10,384 | €21,092 | +€10,708 | +103% |
| Operating profit (loss) | 9901 | €4,759 | €14,717 | +€9,959 | +209% |
| Financial income | 75/76B | - | €233 | +€233 | |
| Recurring financial income | 75 | - | €233 | +€233 | |
| Financial charges | 65/66B | €1,329 | €1,089 | -€240 | -18.0% |
| Recurring financial charges | 65 | €1,329 | €1,089 | -€240 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €3,430 | €13,861 | +€10,431 | +304% |
| Income taxes | 67/77 | €1,387 | €4,327 | +€2,940 | +212% |
| Profit (loss) for the period | 9904 | €2,043 | €9,534 | +€7,491 | +367% |
| Profit (loss) for the period to be appropriated | 9905 | €2,043 | €9,534 | +€7,491 | +367% |
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 28 October 2026 via checked.be.