KOENIES: 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.
KOENIES
Largest movements
- Tangible fixed assets -€12,117
down €12,117 (-3.7%), from €323,720 to €311,604
- Cash -€7,075
down €7,075 (-20.9%), from €33,868 to €26,793
mainly Net result for the year (-€11,961) and Debts after one year (-€10,703)
- Profit (loss) carried forward -€11,961
down €11,961 (-7.2%), from -€165,706 to -€177,667
- Debts after one year -€10,703
down €10,703 (-44.9%), from €23,830 to €13,127
- Gross operating margin -€1,698
down €1,698 (-8.2%), from €20,648 to €18,950
- Other operating charges +€505
up €505 (+3.1%), from €16,291 to €16,797
- Financial charges -€361
down €361 (-15.3%), from €2,359 to €1,998
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 | €358,546 | €339,362 | -€19,184 | -5.4% |
| Fixed assets | 21/28 | €323,720 | €311,604 | -€12,117 | -3.7% |
| Tangible fixed assets | 22/27 | €323,720 | €311,604 | -€12,117 | -3.7% |
| Land and buildings | 22 | €323,720 | €311,604 | -€12,117 | -3.7% |
| Current assets | 29/58 | €34,826 | €27,758 | -€7,067 | -20.3% |
| Cash at bank and in hand | 54/58 | €33,868 | €26,793 | -€7,075 | -20.9% |
| Deferred charges and accrued income | 490/1 | €958 | €966 | +€8 | +0.9% |
| Total equity and liabilities | 10/49 | €358,546 | €339,362 | -€19,184 | -5.4% |
| Equity | 10/15 | €39,864 | €27,903 | -€11,961 | -30.0% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Capital | 10 | €170,000 | €170,000 | = | 0.0% |
| Issued capital | 100 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €35,570 | €35,570 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,000 | €17,000 | = | 0.0% |
| Legal reserve | 130 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €18,570 | €18,570 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€165,706 | -€177,667 | -€11,961 | -7.2% |
| Amounts payable | 17/49 | €318,682 | €311,459 | -€7,223 | -2.3% |
| Amounts payable after more than one year | 17 | €23,830 | €13,127 | -€10,703 | -44.9% |
| Financial debts | 170/4 | €23,830 | €13,127 | -€10,703 | -44.9% |
| Amounts payable within one year | 42/48 | €294,852 | €298,332 | +€3,480 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €10,218 | €11,573 | +€1,354 | +13.3% |
| Trade debts | 44 | €913 | €113 | -€800 | -87.6% |
| Suppliers | 440/4 | €913 | €113 | -€800 | -87.6% |
| Other amounts payable | 47/48 | €283,721 | €286,646 | +€2,926 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,117 | €12,117 | -€0 | 0.0% |
| Other operating charges | 640/8 | €16,291 | €16,797 | +€505 | +3.1% |
| Gross operating margin | 9900 | €20,648 | €18,950 | -€1,698 | -8.2% |
| Operating profit (loss) | 9901 | -€7,760 | -€9,963 | -€2,203 | -28.4% |
| Financial charges | 65/66B | €2,359 | €1,998 | -€361 | -15.3% |
| Recurring financial charges | 65 | €2,359 | €1,998 | -€361 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,119 | -€11,961 | -€1,842 | -18.2% |
| Profit (loss) for the period | 9904 | -€10,119 | -€11,961 | -€1,842 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,119 | -€11,961 | -€1,842 | -18.2% |
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 11 October 2026 via checked.be.