KOENDERS ROB: 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.
KOENDERS ROB
Largest movements
- Deferred charges and accrued income -€9,000
down €9,000 (-100%), from €9,000 to €0
- Receivables within one year -€4,501
down €4,501 (-100%), from €4,501 to €0
of which Trade receivables: -€2,541
- Tangible fixed assets -€4,124
down €4,124 (-12.2%), from €33,844 to €29,721
of which Plant, machinery and equipment: -€3,719
- Short-term financial debts -€15,526
down €15,526 (-62.8%), from €24,719 to €9,193
- Profit (loss) carried forward +€4,620
up €4,620 (+4.1%), from -€111,369 to -€106,749
- Trade debts -€3,974
down €3,974 (-63.6%), from €6,252 to €2,278
- Tax, wage and social debts -€1,590
down €1,590 (-29.3%), from €5,433 to €3,843
of which Remuneration and social security: -€5,173
- Other debts -€1,154
down €1,154 (-16.8%), from €6,850 to €5,696
- Staff costs -€15,049
down €15,049 (-45.6%), from €33,031 to €17,981
- Gross operating margin +€7,016
up €7,016 (+28.9%), from €24,278 to €31,294
- Other operating charges -€4,778
down €4,778 (-86.0%), from €5,555 to €777
- Financial charges +€1,113
up €1,113 (+41.6%), from €2,679 to €3,792
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 | €47,345 | €29,721 | -€17,624 | -37.2% |
| Fixed assets | 21/28 | €33,844 | €29,721 | -€4,124 | -12.2% |
| Tangible fixed assets | 22/27 | €33,844 | €29,721 | -€4,124 | -12.2% |
| Plant, machinery and equipment | 23 | €31,576 | €27,857 | -€3,719 | -11.8% |
| Furniture and vehicles | 24 | €2,268 | €1,864 | -€405 | -17.8% |
| Current assets | 29/58 | €13,501 | €0 | -€13,501 | -100% |
| Amounts receivable within one year | 40/41 | €4,501 | €0 | -€4,501 | -100% |
| Trade receivables | 40 | €2,541 | €0 | -€2,541 | -100% |
| Other amounts receivable | 41 | €1,960 | €0 | -€1,960 | -100% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €9,000 | €0 | -€9,000 | -100% |
| Total equity and liabilities | 10/49 | €47,345 | €29,721 | -€17,624 | -37.2% |
| Equity | 10/15 | -€50,909 | -€46,289 | +€4,620 | +9.1% |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,369 | -€106,749 | +€4,620 | +4.1% |
| Amounts payable | 17/49 | €98,254 | €76,010 | -€22,244 | -22.6% |
| Amounts payable after more than one year | 17 | €55,000 | €55,000 | = | 0.0% |
| Other amounts payable | 178/9 | €55,000 | €55,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €43,254 | €21,010 | -€22,244 | -51.4% |
| Financial debts | 43 | €24,719 | €9,193 | -€15,526 | -62.8% |
| Credit institutions | 430/8 | €24,719 | €9,193 | -€15,526 | -62.8% |
| Trade debts | 44 | €6,252 | €2,278 | -€3,974 | -63.6% |
| Suppliers | 440/4 | €6,252 | €2,278 | -€3,974 | -63.6% |
| Taxes, remuneration and social security | 45 | €5,433 | €3,843 | -€1,590 | -29.3% |
| Taxes | 450/3 | €260 | €3,843 | +€3,583 | +1,381% |
| Remuneration and social security | 454/9 | €5,173 | €0 | -€5,173 | -100% |
| Other amounts payable | 47/48 | €6,850 | €5,696 | -€1,154 | -16.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €2,893 | +€2,893 | |
| Remuneration, social security and pensions | 62 | €33,031 | €17,981 | -€15,049 | -45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,265 | €4,124 | -€142 | -3.3% |
| Other operating charges | 640/8 | €5,555 | €777 | -€4,778 | -86.0% |
| Gross operating margin | 9900 | €24,278 | €31,294 | +€7,016 | +28.9% |
| Operating profit (loss) | 9901 | -€18,573 | €8,412 | +€26,985 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,679 | €3,792 | +€1,113 | +41.6% |
| Recurring financial charges | 65 | €2,679 | €3,792 | +€1,113 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,252 | €4,620 | +€25,872 | |
| Income taxes | 67/77 | €32 | €0 | -€32 | -100% |
| Profit (loss) for the period | 9904 | -€21,284 | €4,620 | +€25,903 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,284 | €4,620 | +€25,903 |
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 15 October 2026 via checked.be.