Kok Tijl: 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.
Kok Tijl
Largest movements
- Cash +€19,342
up €19,342 (+295%), from €6,558 to €25,900
mainly Depreciation (+€17,954) and Trade debts (+€11,004)
- Tangible fixed assets -€13,639
down €13,639 (-35.6%), from €38,289 to €24,650
of which Plant, machinery and equipment: -€8,268
- Receivables within one year -€6,983
down €6,983 (-35.0%), from €19,960 to €12,978
of which Other amounts receivable: -€5,694
- Deferred charges and accrued income +€1,068
new in 2025: €1,068
- Trade debts +€11,004
up €11,004 (+644%), from €1,707 to €12,711
- Current portion of long-term debt -€8,173
down €8,173 (-91.6%), from €8,925 to €752
- Profit (loss) carried forward -€2,186
down €2,186, from €0 to -€2,186
- Debts after one year -€752
down €752 (-100%), from €752 to €0
- Gross operating margin -€30,100
down €30,100 (-59.3%), from €50,768 to €20,668
- Taxes -€5,781
down €5,781 (-79.6%), from €7,261 to €1,480
- Other operating charges -€3,270
down €3,270 (-59.8%), from €5,465 to €2,195
- Depreciation +€635
up €635 (+3.7%), from €17,319 to €17,954
- Financial income +€536
up €536 (+399%), from €134 to €671
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 | €64,808 | €64,597 | -€212 | -0.3% |
| Fixed assets | 21/28 | €38,289 | €24,650 | -€13,639 | -35.6% |
| Tangible fixed assets | 22/27 | €38,289 | €24,650 | -€13,639 | -35.6% |
| Plant, machinery and equipment | 23 | €15,451 | €7,183 | -€8,268 | -53.5% |
| Furniture and vehicles | 24 | €14,134 | €9,404 | -€4,729 | -33.5% |
| Other tangible fixed assets | 26 | €8,705 | €8,063 | -€642 | -7.4% |
| Current assets | 29/58 | €26,519 | €39,946 | +€13,428 | +50.6% |
| Amounts receivable within one year | 40/41 | €19,960 | €12,978 | -€6,983 | -35.0% |
| Trade receivables | 40 | €7,940 | €6,652 | -€1,288 | -16.2% |
| Other amounts receivable | 41 | €12,020 | €6,326 | -€5,694 | -47.4% |
| Cash at bank and in hand | 54/58 | €6,558 | €25,900 | +€19,342 | +295% |
| Deferred charges and accrued income | 490/1 | - | €1,068 | +€1,068 | |
| Total equity and liabilities | 10/49 | €64,808 | €64,597 | -€212 | -0.3% |
| Equity | 10/15 | €33,950 | €31,764 | -€2,186 | -6.4% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €12,950 | €12,950 | = | 0.0% |
| Distributable reserves | 133 | €12,950 | €12,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€2,186 | -€2,186 | |
| Amounts payable | 17/49 | €30,858 | €32,833 | +€1,974 | +6.4% |
| Amounts payable after more than one year | 17 | €752 | €0 | -€752 | -100% |
| Financial debts | 170/4 | €752 | €0 | -€752 | -100% |
| Amounts payable within one year | 42/48 | €30,106 | €32,648 | +€2,542 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €8,925 | €752 | -€8,173 | -91.6% |
| Trade debts | 44 | €1,707 | €12,711 | +€11,004 | +644% |
| Suppliers | 440/4 | €1,707 | €12,711 | +€11,004 | +644% |
| Taxes, remuneration and social security | 45 | €19,474 | €19,185 | -€289 | -1.5% |
| Taxes | 450/3 | €19,474 | €19,185 | -€289 | -1.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €184 | +€184 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,319 | €17,954 | +€635 | +3.7% |
| Other operating charges | 640/8 | €5,465 | €2,195 | -€3,270 | -59.8% |
| Gross operating margin | 9900 | €50,768 | €20,668 | -€30,100 | -59.3% |
| Operating profit (loss) | 9901 | €27,983 | €519 | -€27,465 | -98.1% |
| Financial income | 75/76B | €134 | €671 | +€536 | +399% |
| Recurring financial income | 75 | €134 | €671 | +€536 | +399% |
| Financial charges | 65/66B | €1,667 | €1,895 | +€228 | +13.7% |
| Recurring financial charges | 65 | €1,667 | €1,895 | +€228 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €26,451 | -€706 | -€27,157 | |
| Income taxes | 67/77 | €7,261 | €1,480 | -€5,781 | -79.6% |
| Profit (loss) for the period | 9904 | €19,190 | -€2,186 | -€21,376 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,190 | -€2,186 | -€21,376 |
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 23 October 2026 via checked.be.