KOENRAAD CONSULTING: 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.
KOENRAAD CONSULTING
Largest movements
- Tangible fixed assets -€33,770
down €33,770 (-52.6%), from €64,199 to €30,430
of which Furniture and vehicles: -€32,208
- Receivables after one year -€27,159
down €27,159 (-100%), from €27,159 to €0
- Receivables within one year +€20,031
up €20,031 (+48.3%), from €41,476 to €61,507
of which Trade receivables: +€17,887
- Deferred charges and accrued income -€4,783
down €4,783 (-77.0%), from €6,215 to €1,432
- Cash -€4,342
down €4,342 (-28.2%), from €15,408 to €11,066
mainly Other debts (-€86,257) and Receivables within one year (-€20,031)
- Other debts -€86,257
down €86,257 (-92.1%), from €93,666 to €7,410
- Trade debts +€31,914
up €31,914 (+5,730%), from €557 to €32,471
- Reserves +€13,308
up €13,308 (+45.9%), from €29,020 to €42,328
- Current portion of long-term debt -€8,406
down €8,406 (-100%), from €8,406 to €0
- Gross operating margin -€23,286
down €23,286 (-38.7%), from €60,108 to €36,823
- Depreciation -€3,932
down €3,932 (-25.4%), from €15,501 to €11,569
- Taxes -€2,149
down €2,149 (-19.9%), from €10,774 to €8,625
- Financial charges -€1,646
down €1,646 (-41.2%), from €3,995 to €2,349
of which Non-recurring financial charges: -€2,608
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 | €154,457 | €104,435 | -€50,022 | -32.4% |
| Fixed assets | 21/28 | €64,199 | €30,430 | -€33,770 | -52.6% |
| Tangible fixed assets | 22/27 | €64,199 | €30,430 | -€33,770 | -52.6% |
| Land and buildings | 22 | €9,503 | €8,229 | -€1,274 | -13.4% |
| Plant, machinery and equipment | 23 | €1,013 | €726 | -€288 | -28.4% |
| Furniture and vehicles | 24 | €53,683 | €21,475 | -€32,208 | -60.0% |
| Current assets | 29/58 | €90,257 | €74,005 | -€16,253 | -18.0% |
| Amounts receivable after more than one year | 29 | €27,159 | €0 | -€27,159 | -100% |
| Other amounts receivable | 291 | €27,159 | €0 | -€27,159 | -100% |
| Amounts receivable within one year | 40/41 | €41,476 | €61,507 | +€20,031 | +48.3% |
| Trade receivables | 40 | €35,200 | €53,087 | +€17,887 | +50.8% |
| Other amounts receivable | 41 | €6,276 | €8,420 | +€2,144 | +34.2% |
| Cash at bank and in hand | 54/58 | €15,408 | €11,066 | -€4,342 | -28.2% |
| Deferred charges and accrued income | 490/1 | €6,215 | €1,432 | -€4,783 | -77.0% |
| Total equity and liabilities | 10/49 | €154,457 | €104,435 | -€50,022 | -32.4% |
| Equity | 10/15 | €47,620 | €60,928 | +€13,308 | +27.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,020 | €42,328 | +€13,308 | +45.9% |
| Distributable reserves | 133 | €29,020 | €42,328 | +€13,308 | +45.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €106,837 | €43,506 | -€63,331 | -59.3% |
| Amounts payable within one year | 42/48 | €106,837 | €43,109 | -€63,728 | -59.6% |
| Current portion of amounts payable after more than one year | 42 | €8,406 | €0 | -€8,406 | -100% |
| Trade debts | 44 | €557 | €32,471 | +€31,914 | +5,730% |
| Suppliers | 440/4 | €557 | €32,471 | +€31,914 | +5,730% |
| Taxes, remuneration and social security | 45 | €4,208 | €3,229 | -€979 | -23.3% |
| Taxes | 450/3 | €1,008 | €29 | -€979 | -97.1% |
| Remuneration and social security | 454/9 | €3,200 | €3,200 | = | 0.0% |
| Other amounts payable | 47/48 | €93,666 | €7,410 | -€86,257 | -92.1% |
| Accrued charges and deferred income | 492/3 | - | €397 | +€397 | |
| Non-recurring operating income | 76A | - | €10,102 | +€10,102 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,501 | €11,569 | -€3,932 | -25.4% |
| Other operating charges | 640/8 | €861 | €971 | +€110 | +12.8% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €60,108 | €36,823 | -€23,286 | -38.7% |
| Operating profit (loss) | 9901 | €43,747 | €24,283 | -€19,464 | -44.5% |
| Financial income | 75/76B | €42 | €0 | -€42 | -100.0% |
| Recurring financial income | 75 | €42 | €0 | -€42 | -100.0% |
| Financial charges | 65/66B | €3,995 | €2,349 | -€1,646 | -41.2% |
| Recurring financial charges | 65 | €1,387 | €2,349 | +€963 | +69.4% |
| Non-recurring financial charges | 66B | €2,608 | - | -€2,608 | |
| Profit (loss) for the period before taxes | 9903 | €39,794 | €21,934 | -€17,860 | -44.9% |
| Income taxes | 67/77 | €10,774 | €8,625 | -€2,149 | -19.9% |
| Profit (loss) for the period | 9904 | €29,020 | €13,308 | -€15,711 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,020 | €13,308 | -€15,711 | -54.1% |
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.