Koen Vrolix: 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 Vrolix
Largest movements
- Tangible fixed assets +€31,815
up €31,815 (+167%), from €19,014 to €50,829
of which Furniture and vehicles: +€21,056
- Receivables within one year +€21,237
up €21,237 (+110%), from €19,284 to €40,522
of which Trade receivables: +€20,111
- Cash +€3,448
up €3,448 (+396%), from €871 to €4,319
mainly Debts after one year (+€59,398) and Depreciation (+€11,170)
- Debts after one year +€59,398
up €59,398 (+297%), from €19,996 to €79,394
of which Other amounts payable: +€42,726
- Tax, wage and social debts -€3,970
no longer reported in 2025 (was €3,970)
of which Remuneration and social security: -€3,210
- Current portion of long-term debt -€3,653
down €3,653 (-51.5%), from €7,100 to €3,447
- Trade debts +€2,614
up €2,614 (+78.8%), from €3,318 to €5,932
- Reserves +€1,206
up €1,206 (+92.9%), from €1,299 to €2,506
- Gross operating margin +€18,621
up €18,621 (+239%), from €7,790 to €26,411
- Other operating charges +€10,918
up €10,918 (+1,989%), from €549 to €11,467
- Depreciation +€7,046
up €7,046 (+171%), from €4,124 to €11,170
- Financial charges +€1,481
up €1,481 (+186%), from €798 to €2,279
- Financial income +€355
up €355 (+1,030%), from €34 to €390
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 | €40,684 | €96,279 | +€55,595 | +137% |
| Fixed assets | 21/28 | €19,014 | €50,829 | +€31,815 | +167% |
| Tangible fixed assets | 22/27 | €19,014 | €50,829 | +€31,815 | +167% |
| Plant, machinery and equipment | 23 | €19,014 | €29,773 | +€10,759 | +56.6% |
| Furniture and vehicles | 24 | - | €21,056 | +€21,056 | |
| Current assets | 29/58 | €21,670 | €45,450 | +€23,780 | +110% |
| Amounts receivable within one year | 40/41 | €19,284 | €40,522 | +€21,237 | +110% |
| Trade receivables | 40 | €14,165 | €34,276 | +€20,111 | +142% |
| Other amounts receivable | 41 | €5,119 | €6,246 | +€1,127 | +22.0% |
| Cash at bank and in hand | 54/58 | €871 | €4,319 | +€3,448 | +396% |
| Deferred charges and accrued income | 490/1 | €1,515 | €609 | -€906 | -59.8% |
| Total equity and liabilities | 10/49 | €40,684 | €96,279 | +€55,595 | +137% |
| Equity | 10/15 | €6,299 | €7,506 | +€1,206 | +19.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,299 | €2,506 | +€1,206 | +92.9% |
| Distributable reserves | 133 | €1,299 | €2,506 | +€1,206 | +92.9% |
| Amounts payable | 17/49 | €34,385 | €88,773 | +€54,389 | +158% |
| Amounts payable after more than one year | 17 | €19,996 | €79,394 | +€59,398 | +297% |
| Financial debts | 170/4 | €3,447 | €20,119 | +€16,672 | +484% |
| Other amounts payable | 178/9 | €16,549 | €59,275 | +€42,726 | +258% |
| Amounts payable within one year | 42/48 | €14,388 | €9,379 | -€5,009 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €7,100 | €3,447 | -€3,653 | -51.5% |
| Trade debts | 44 | €3,318 | €5,932 | +€2,614 | +78.8% |
| Suppliers | 440/4 | €3,318 | €5,932 | +€2,614 | +78.8% |
| Taxes, remuneration and social security | 45 | €3,970 | - | -€3,970 | |
| Taxes | 450/3 | €760 | - | -€760 | |
| Remuneration and social security | 454/9 | €3,210 | - | -€3,210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,124 | €11,170 | +€7,046 | +171% |
| Other operating charges | 640/8 | €549 | €11,467 | +€10,918 | +1,989% |
| Gross operating margin | 9900 | €7,790 | €26,411 | +€18,621 | +239% |
| Operating profit (loss) | 9901 | €3,117 | €3,773 | +€657 | +21.1% |
| Financial income | 75/76B | €34 | €390 | +€355 | +1,030% |
| Recurring financial income | 75 | €34 | €390 | +€355 | +1,030% |
| Financial charges | 65/66B | €798 | €2,279 | +€1,481 | +186% |
| Recurring financial charges | 65 | €798 | €2,279 | +€1,481 | +186% |
| Profit (loss) for the period before taxes | 9903 | €2,353 | €1,884 | -€470 | -20.0% |
| Income taxes | 67/77 | €759 | €677 | -€81 | -10.7% |
| Profit (loss) for the period | 9904 | €1,595 | €1,206 | -€388 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,595 | €1,206 | -€388 | -24.3% |
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.