Kontrefor: 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.
Kontrefor
Largest movements
- Cash +€42,945
up €42,945 (+104%), from €41,440 to €84,385
mainly Net result for the year (+€138,923) and Depreciation (+€21,738)
- Reserves +€138,923
up €138,923 (+46.5%), from €298,628 to €437,551
- Debts after one year -€65,484
down €65,484 (-18.1%), from €361,896 to €296,412
- Other debts -€39,719
down €39,719 (-18.7%), from €211,951 to €172,232
- Gross operating margin +€44,040
up €44,040 (+42.4%), from €103,752 to €147,792
- Financial income -€43,750
down €43,750 (-40.6%), from €107,797 to €64,048
- Depreciation +€10,199
up €10,199 (+88.4%), from €11,539 to €21,738
- Taxes +€9,081
up €9,081 (+45.3%), from €20,028 to €29,109
- Financial charges -€2,589
down €2,589 (-11.6%), from €22,404 to €19,815
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 | €1,020,297 | €1,052,135 | +€31,839 | +3.1% |
| Fixed assets | 21/28 | €976,368 | €965,964 | -€10,404 | -1.1% |
| Tangible fixed assets | 22/27 | €161,096 | €150,692 | -€10,404 | -6.5% |
| Plant, machinery and equipment | 23 | €449 | €0 | -€449 | -100% |
| Furniture and vehicles | 24 | €69,860 | €55,591 | -€14,268 | -20.4% |
| Other tangible fixed assets | 26 | €90,787 | €95,100 | +€4,313 | +4.8% |
| Financial fixed assets | 28 | €815,273 | €815,273 | = | 0.0% |
| Current assets | 29/58 | €43,928 | €86,171 | +€42,243 | +96.2% |
| Amounts receivable within one year | 40/41 | €959 | €298 | -€661 | -68.9% |
| Trade receivables | 40 | €959 | €298 | -€661 | -68.9% |
| Cash at bank and in hand | 54/58 | €41,440 | €84,385 | +€42,945 | +104% |
| Deferred charges and accrued income | 490/1 | €1,530 | €1,488 | -€41 | -2.7% |
| Total equity and liabilities | 10/49 | €1,020,297 | €1,052,135 | +€31,839 | +3.1% |
| Equity | 10/15 | €308,628 | €447,551 | +€138,923 | +45.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €298,628 | €437,551 | +€138,923 | +46.5% |
| Distributable reserves | 133 | €298,628 | €437,551 | +€138,923 | +46.5% |
| Amounts payable | 17/49 | €711,669 | €604,584 | -€107,085 | -15.0% |
| Amounts payable after more than one year | 17 | €361,896 | €296,412 | -€65,484 | -18.1% |
| Financial debts | 170/4 | €361,896 | €296,412 | -€65,484 | -18.1% |
| Amounts payable within one year | 42/48 | €340,946 | €301,256 | -€39,690 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €66,730 | €68,999 | +€2,269 | +3.4% |
| Trade debts | 44 | €11,808 | €1,317 | -€10,491 | -88.8% |
| Suppliers | 440/4 | €11,808 | €1,317 | -€10,491 | -88.8% |
| Taxes, remuneration and social security | 45 | €50,457 | €58,708 | +€8,251 | +16.4% |
| Taxes | 450/3 | €50,457 | €58,708 | +€8,251 | +16.4% |
| Other amounts payable | 47/48 | €211,951 | €172,232 | -€39,719 | -18.7% |
| Accrued charges and deferred income | 492/3 | €8,826 | €6,916 | -€1,911 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,539 | €21,738 | +€10,199 | +88.4% |
| Other operating charges | 640/8 | €991 | €2,254 | +€1,263 | +127% |
| Gross operating margin | 9900 | €103,752 | €147,792 | +€44,040 | +42.4% |
| Operating profit (loss) | 9901 | €91,222 | €123,799 | +€32,578 | +35.7% |
| Financial income | 75/76B | €107,797 | €64,048 | -€43,750 | -40.6% |
| Recurring financial income | 75 | €107,797 | €64,048 | -€43,750 | -40.6% |
| Financial charges | 65/66B | €22,404 | €19,815 | -€2,589 | -11.6% |
| Recurring financial charges | 65 | €22,404 | €19,815 | -€2,589 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €176,615 | €168,032 | -€8,583 | -4.9% |
| Income taxes | 67/77 | €20,028 | €29,109 | +€9,081 | +45.3% |
| Profit (loss) for the period | 9904 | €156,587 | €138,923 | -€17,664 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €156,587 | €138,923 | -€17,664 | -11.3% |
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 25 October 2026 via checked.be.