Koenco: 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.
Koenco
Largest movements
- Cash +€55,226
up €55,226 (+145.8%), from €37,890 to €93,116
mainly Net result for the year (+€62,889) and Depreciation (+€8,676)
- Receivables within one year +€19,619
up €19,619 (+160.0%), from €12,259 to €31,878
of which Trade receivables: +€18,269
- Tangible fixed assets -€8,676
down €8,676 (-21.0%), from €41,358 to €32,682
- Profit (loss) carried forward +€62,889
up €62,889 (+91.9%), from €68,462 to €131,351
- Tax, wage and social debts +€3,981
up €3,981 (+19.3%), from €20,636 to €24,617
- Depreciation +€6,655
up €6,655 (+329.4%), from €2,020 to €8,676
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 | €91,732 | €158,557 | +€66,825 | +72.8% |
| Fixed assets | 21/28 | €41,583 | €32,907 | -€8,676 | -20.9% |
| Tangible fixed assets | 22/27 | €41,358 | €32,682 | -€8,676 | -21.0% |
| Furniture and vehicles | 24 | €41,358 | €32,682 | -€8,676 | -21.0% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €50,149 | €125,650 | +€75,501 | +150.6% |
| Amounts receivable within one year | 40/41 | €12,259 | €31,878 | +€19,619 | +160.0% |
| Trade receivables | 40 | €12,175 | €30,444 | +€18,269 | +150.1% |
| Other amounts receivable | 41 | €85 | €1,435 | +€1,350 | +1593.9% |
| Cash at bank and in hand | 54/58 | €37,890 | €93,116 | +€55,226 | +145.8% |
| Deferred charges and accrued income | 490/1 | - | €656 | +€656 | |
| Total equity and liabilities | 10/49 | €91,732 | €158,557 | +€66,825 | +72.8% |
| Equity | 10/15 | €70,462 | €133,351 | +€62,889 | +89.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,462 | €131,351 | +€62,889 | +91.9% |
| Amounts payable | 17/49 | €21,270 | €25,206 | +€3,936 | +18.5% |
| Amounts payable within one year | 42/48 | €21,270 | €25,206 | +€3,936 | +18.5% |
| Trade debts | 44 | €634 | €589 | -€46 | -7.2% |
| Suppliers | 440/4 | €634 | €589 | -€46 | -7.2% |
| Taxes, remuneration and social security | 45 | €20,636 | €24,617 | +€3,981 | +19.3% |
| Taxes | 450/3 | €20,636 | €24,617 | +€3,981 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,020 | €8,676 | +€6,655 | +329.4% |
| Other operating charges | 640/8 | €536 | €190 | -€346 | -64.6% |
| Gross operating margin | 9900 | €88,211 | €88,288 | +€78 | +0.1% |
| Operating profit (loss) | 9901 | €85,654 | €79,423 | -€6,231 | -7.3% |
| Financial charges | 65/66B | €36 | €40 | +€4 | +11.8% |
| Recurring financial charges | 65 | €36 | €40 | +€4 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €85,618 | €79,383 | -€6,235 | -7.3% |
| Income taxes | 67/77 | €17,156 | €16,493 | -€663 | -3.9% |
| Profit (loss) for the period | 9904 | €68,462 | €62,889 | -€5,572 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,462 | €62,889 | -€5,572 | -8.1% |
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 4 October 2026 via checked.be.