KOP & STAART: 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.
KOP & STAART
Largest movements
- Cash -€20,159
down €20,159 (-19.1%), from €105,362 to €85,203
mainly Contributions, distributions and other (-€60,000) and Receivables within one year (-€12,580)
- Receivables within one year +€12,580
up €12,580 (+130%), from €9,701 to €22,281
of which Trade receivables: +€13,051
- Reserves -€18,478
down €18,478 (-29.4%), from €62,839 to €44,361
- Other debts +€12,854
up €12,854 (+29.9%), from €43,010 to €55,863
- Tax, wage and social debts -€1,899
down €1,899 (-23.9%), from €7,931 to €6,032
- Gross operating margin +€17,340
up €17,340 (+47.4%), from €36,604 to €53,943
- Taxes +€3,472
up €3,472 (+44.0%), from €7,899 to €11,370
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 | €118,043 | €110,500 | -€7,543 | -6.4% |
| Fixed assets | 21/28 | €2,980 | €3,016 | +€37 | +1.2% |
| Tangible fixed assets | 22/27 | €2,980 | €3,016 | +€37 | +1.2% |
| Furniture and vehicles | 24 | €1,281 | €768 | -€513 | -40.1% |
| Other tangible fixed assets | 26 | €1,698 | €2,248 | +€550 | +32.4% |
| Current assets | 29/58 | €115,063 | €107,484 | -€7,579 | -6.6% |
| Amounts receivable within one year | 40/41 | €9,701 | €22,281 | +€12,580 | +130% |
| Trade receivables | 40 | €7,600 | €20,651 | +€13,051 | +172% |
| Other amounts receivable | 41 | €2,101 | €1,630 | -€472 | -22.4% |
| Cash at bank and in hand | 54/58 | €105,362 | €85,203 | -€20,159 | -19.1% |
| Total equity and liabilities | 10/49 | €118,043 | €110,500 | -€7,543 | -6.4% |
| Equity | 10/15 | €65,839 | €47,361 | -€18,478 | -28.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €62,839 | €44,361 | -€18,478 | -29.4% |
| Distributable reserves | 133 | €62,839 | €44,361 | -€18,478 | -29.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,204 | €63,139 | +€10,935 | +20.9% |
| Amounts payable within one year | 42/48 | €52,204 | €63,139 | +€10,935 | +20.9% |
| Trade debts | 44 | €1,263 | €1,243 | -€20 | -1.6% |
| Suppliers | 440/4 | €1,263 | €1,243 | -€20 | -1.6% |
| Taxes, remuneration and social security | 45 | €7,931 | €6,032 | -€1,899 | -23.9% |
| Taxes | 450/3 | €7,931 | €6,032 | -€1,899 | -23.9% |
| Other amounts payable | 47/48 | €43,010 | €55,863 | +€12,854 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €513 | €513 | = | 0.0% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €36,604 | €53,943 | +€17,340 | +47.4% |
| Operating profit (loss) | 9901 | €35,641 | €52,968 | +€17,327 | +48.6% |
| Financial income | 75/76B | €2 | €3 | +€1 | +26.6% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +26.6% |
| Financial charges | 65/66B | €74 | €79 | +€5 | +6.8% |
| Recurring financial charges | 65 | €74 | €79 | +€5 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €35,569 | €52,892 | +€17,323 | +48.7% |
| Income taxes | 67/77 | €7,899 | €11,370 | +€3,472 | +44.0% |
| Profit (loss) for the period | 9904 | €27,671 | €41,522 | +€13,851 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,671 | €41,522 | +€13,851 | +50.1% |
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 27 October 2026 via checked.be.