KONETRA: 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.
KONETRA
Largest movements
- Tangible fixed assets +€256,527
up €256,527 (+117%), from €219,518 to €476,045
of which Land and buildings: +€291,902
- Cash +€38,966
up €38,966 (+23.3%), from €167,512 to €206,478
mainly Depreciation (+€118,107) and Debts after one year (+€115,501)
- Deferred charges and accrued income +€11,920
up €11,920 (+1,722%), from €692 to €12,612
- Debts after one year +€115,501
up €115,501 (+108%), from €106,649 to €222,150
- Reserves +€112,384
up €112,384 (+97.1%), from €115,758 to €228,142
- Tax, wage and social debts +€94,543
up €94,543 (+86.6%), from €109,182 to €203,725
of which Taxes: +€79,626
- Other debts -€17,656
down €17,656 (-63.2%), from €27,946 to €10,290
- Trade debts +€14,244
up €14,244 (+74.8%), from €19,051 to €33,295
- Gross operating margin +€281,910
up €281,910 (+44.5%), from €633,814 to €915,724
- Staff costs +€153,386
up €153,386 (+44.4%), from €345,817 to €499,204
- Depreciation +€33,596
up €33,596 (+39.8%), from €84,511 to €118,107
- Taxes +€28,001
up €28,001 (+95.4%), from €29,343 to €57,344
- Other operating charges +€12,149
up €12,149 (+11.7%), from €103,485 to €115,634
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 | €475,261 | €788,333 | +€313,071 | +65.9% |
| Fixed assets | 21/28 | €237,498 | €494,430 | +€256,932 | +108% |
| Tangible fixed assets | 22/27 | €219,518 | €476,045 | +€256,527 | +117% |
| Land and buildings | 22 | - | €291,902 | +€291,902 | |
| Plant, machinery and equipment | 23 | €7,132 | €6,804 | -€328 | -4.6% |
| Furniture and vehicles | 24 | €212,385 | €177,338 | -€35,048 | -16.5% |
| Financial fixed assets | 28 | €17,980 | €18,385 | +€405 | +2.3% |
| Current assets | 29/58 | €237,764 | €293,903 | +€56,139 | +23.6% |
| Amounts receivable within one year | 40/41 | €69,560 | €74,813 | +€5,253 | +7.6% |
| Trade receivables | 40 | €69,560 | €74,813 | +€5,253 | +7.6% |
| Cash at bank and in hand | 54/58 | €167,512 | €206,478 | +€38,966 | +23.3% |
| Deferred charges and accrued income | 490/1 | €692 | €12,612 | +€11,920 | +1,722% |
| Total equity and liabilities | 10/49 | €475,261 | €788,333 | +€313,071 | +65.9% |
| Equity | 10/15 | €134,358 | €246,742 | +€112,384 | +83.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €115,758 | €228,142 | +€112,384 | +97.1% |
| Distributable reserves | 133 | €115,758 | €228,142 | +€112,384 | +97.1% |
| Amounts payable | 17/49 | €340,903 | €541,590 | +€200,687 | +58.9% |
| Amounts payable after more than one year | 17 | €106,649 | €222,150 | +€115,501 | +108% |
| Financial debts | 170/4 | €106,649 | €222,150 | +€115,501 | +108% |
| Amounts payable within one year | 42/48 | €234,255 | €319,440 | +€85,186 | +36.4% |
| Current portion of amounts payable after more than one year | 42 | €78,075 | €72,130 | -€5,946 | -7.6% |
| Trade debts | 44 | €19,051 | €33,295 | +€14,244 | +74.8% |
| Suppliers | 440/4 | €19,051 | €33,295 | +€14,244 | +74.8% |
| Taxes, remuneration and social security | 45 | €109,182 | €203,725 | +€94,543 | +86.6% |
| Taxes | 450/3 | €69,063 | €148,688 | +€79,626 | +115% |
| Remuneration and social security | 454/9 | €40,120 | €55,037 | +€14,918 | +37.2% |
| Other amounts payable | 47/48 | €27,946 | €10,290 | -€17,656 | -63.2% |
| Non-recurring operating income | 76A | €11,497 | - | -€11,497 | |
| Remuneration, social security and pensions | 62 | €345,817 | €499,204 | +€153,386 | +44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,511 | €118,107 | +€33,596 | +39.8% |
| Other operating charges | 640/8 | €103,485 | €115,634 | +€12,149 | +11.7% |
| Gross operating margin | 9900 | €633,814 | €915,724 | +€281,910 | +44.5% |
| Operating profit (loss) | 9901 | €100,000 | €182,779 | +€82,778 | +82.8% |
| Financial income | 75/76B | €0 | €193 | +€193 | +1,929,600% |
| Recurring financial income | 75 | €0 | €193 | +€193 | +1,929,600% |
| Financial charges | 65/66B | €9,614 | €13,243 | +€3,629 | +37.7% |
| Recurring financial charges | 65 | €9,614 | €13,243 | +€3,629 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | €90,386 | €169,729 | +€79,343 | +87.8% |
| Income taxes | 67/77 | €29,343 | €57,344 | +€28,001 | +95.4% |
| Profit (loss) for the period | 9904 | €61,043 | €112,384 | +€51,342 | +84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,043 | €112,384 | +€51,342 | +84.1% |
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 23 October 2026 via checked.be.