KOENTEKRAAFS: what changed
KOENTEKRAAFS
Largest movements
- Receivables within one year +€247,403
up €247,403 (+61.4%), from €402,882 to €650,284
of which Other amounts receivable: +€247,475
- Cash +€131,691
up €131,691 (+179%), from €73,766 to €205,457
mainly Debts after one year (+€233,362) and Net result for the year (+€99,989)
- Debts after one year +€233,362
up €233,362 (+181%), from €129,257 to €362,619
of which Financial debts: +€158,360
- Reserves +€87,475
up €87,475 (+28.8%), from €304,033 to €391,507
- Current portion of long-term debt +€26,528
new in 2025: €26,528
- Short-term financial debts +€26,417
new in 2025: €26,417
- Turnover -€234,500
no longer reported in 2025 (was €234,500)
- Purchases and services -€52,965
no longer reported in 2025 (was €52,965)
- Gross operating margin -€34,870
down €34,870 (-19.1%), from €182,759 to €147,890
- Taxes -€28,343
down €28,343 (-49.6%), from €57,124 to €28,781
- Financial charges +€11,936
up €11,936 (+169%), from €7,056 to €18,992
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €479,247 | €862,841 | +€383,594 | +80.0% |
| Fixed assets | 21/28 | €2,600 | €7,100 | +€4,500 | +173% |
| Tangible fixed assets | 22/27 | €1,600 | €1,600 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,600 | €1,600 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €5,500 | +€4,500 | +450% |
| Current assets | 29/58 | €476,647 | €855,741 | +€379,094 | +79.5% |
| Amounts receivable within one year | 40/41 | €402,882 | €650,284 | +€247,403 | +61.4% |
| Trade receivables | 40 | €18,223 | €18,150 | -€73 | -0.4% |
| Other amounts receivable | 41 | €384,659 | €632,134 | +€247,475 | +64.3% |
| Cash at bank and in hand | 54/58 | €73,766 | €205,457 | +€131,691 | +179% |
| Total equity and liabilities | 10/49 | €479,247 | €862,841 | +€383,594 | +80.0% |
| Equity | 10/15 | €312,533 | €400,007 | +€87,475 | +28.0% |
| Contributions | 10/11 | €8,500 | €8,500 | = | 0.0% |
| Reserves | 13 | €304,033 | €391,507 | +€87,475 | +28.8% |
| Distributable reserves | 133 | €304,033 | €391,507 | +€87,475 | +28.8% |
| Amounts payable | 17/49 | €166,715 | €462,834 | +€296,119 | +178% |
| Amounts payable after more than one year | 17 | €129,257 | €362,619 | +€233,362 | +181% |
| Financial debts | 170/4 | - | €158,360 | +€158,360 | |
| Other amounts payable | 178/9 | €129,257 | €204,259 | +€75,002 | +58.0% |
| Amounts payable within one year | 42/48 | €37,458 | €97,556 | +€60,099 | +160% |
| Current portion of amounts payable after more than one year | 42 | - | €26,528 | +€26,528 | |
| Financial debts | 43 | - | €26,417 | +€26,417 | |
| Credit institutions | 430/8 | - | €26,417 | +€26,417 | |
| Trade debts | 44 | €33 | - | -€33 | |
| Suppliers | 440/4 | €33 | - | -€33 | |
| Taxes, remuneration and social security | 45 | €32,504 | €34,490 | +€1,986 | +6.1% |
| Taxes | 450/3 | €32,504 | €34,490 | +€1,986 | +6.1% |
| Other amounts payable | 47/48 | €4,921 | €10,122 | +€5,201 | +106% |
| Accrued charges and deferred income | 492/3 | - | €2,658 | +€2,658 | |
| Turnover | 70 | €234,500 | - | -€234,500 | |
| Goods, raw materials, services and sundry goods | 60/61 | €52,965 | - | -€52,965 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18 | - | -€18 | |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €182,759 | €147,890 | -€34,870 | -19.1% |
| Operating profit (loss) | 9901 | €182,616 | €147,762 | -€34,854 | -19.1% |
| Financial charges | 65/66B | €7,056 | €18,992 | +€11,936 | +169% |
| Recurring financial charges | 65 | €7,056 | €18,992 | +€11,936 | +169% |
| Profit (loss) for the period before taxes | 9903 | €175,560 | €128,769 | -€46,790 | -26.7% |
| Income taxes | 67/77 | €57,124 | €28,781 | -€28,343 | -49.6% |
| Profit (loss) for the period | 9904 | €118,436 | €99,989 | -€18,447 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €118,436 | €99,989 | -€18,447 | -15.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.