KOUDE KEUKEN: 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.
KOUDE KEUKEN
Largest movements
- Cash -€25,009
down €25,009 (-89.7%), from €27,894 to €2,885
mainly Short-term financial debts (-€105,758) and Net result for the year (-€66,605)
- Other debts +€151,053
up €151,053 (+17.1%), from €881,063 to €1.0m
- Short-term financial debts -€105,758
down €105,758 (-9.8%), from €1.1m to €978,291
- Profit (loss) carried forward -€66,605
down €66,605 (-11.4%), from -€583,229 to -€649,834
- Gross operating margin +€26,339
up €26,339 (+59.2%), from -€44,522 to -€18,183
- Financial charges -€18,840
down €18,840 (-32.1%), from €58,745 to €39,905
- Other operating charges -€15,724
down €15,724 (-73.5%), from €21,379 to €5,655
- Depreciation +€760
up €760 (+36.2%), from €2,102 to €2,862
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 | €2,164,033 | €2,148,623 | -€15,410 | -0.7% |
| Fixed assets | 21/28 | €2,060,468 | €2,058,934 | -€1,533 | -0.1% |
| Tangible fixed assets | 22/27 | €2,058,736 | €2,057,203 | -€1,533 | -0.1% |
| Land and buildings | 22 | €264,059 | €264,059 | = | 0.0% |
| Plant, machinery and equipment | 23 | €10,512 | €8,381 | -€2,130 | -20.3% |
| Furniture and vehicles | 24 | €1,840 | €2,437 | +€597 | +32.4% |
| Assets under construction and advance payments | 27 | €1,782,325 | €1,782,325 | = | 0.0% |
| Financial fixed assets | 28 | €1,732 | €1,732 | = | 0.0% |
| Current assets | 29/58 | €103,566 | €89,689 | -€13,877 | -13.4% |
| Amounts receivable within one year | 40/41 | €72,040 | €82,655 | +€10,614 | +14.7% |
| Trade receivables | 40 | €68,075 | €74,752 | +€6,677 | +9.8% |
| Other amounts receivable | 41 | €3,966 | €7,902 | +€3,937 | +99.3% |
| Cash at bank and in hand | 54/58 | €27,894 | €2,885 | -€25,009 | -89.7% |
| Deferred charges and accrued income | 490/1 | €3,632 | €4,149 | +€517 | +14.2% |
| Total equity and liabilities | 10/49 | €2,164,033 | €2,148,623 | -€15,410 | -0.7% |
| Equity | 10/15 | €58,649 | -€7,957 | -€66,605 | |
| Contributions | 10/11 | €544,000 | €544,000 | = | 0.0% |
| Reserves | 13 | €97,878 | €97,878 | = | 0.0% |
| Distributable reserves | 133 | €97,878 | €97,878 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€583,229 | -€649,834 | -€66,605 | -11.4% |
| Amounts payable | 17/49 | €2,105,384 | €2,156,580 | +€51,195 | +2.4% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,001,230 | €2,051,996 | +€50,766 | +2.5% |
| Financial debts | 43 | €1,084,049 | €978,291 | -€105,758 | -9.8% |
| Credit institutions | 430/8 | €1,084,049 | €978,291 | -€105,758 | -9.8% |
| Trade debts | 44 | €23,989 | €29,734 | +€5,745 | +24.0% |
| Suppliers | 440/4 | €23,989 | €29,734 | +€5,745 | +24.0% |
| Taxes, remuneration and social security | 45 | €12,129 | €11,854 | -€275 | -2.3% |
| Taxes | 450/3 | €12,129 | €11,854 | -€275 | -2.3% |
| Other amounts payable | 47/48 | €881,063 | €1,032,116 | +€151,053 | +17.1% |
| Accrued charges and deferred income | 492/3 | €4,154 | €4,583 | +€429 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,102 | €2,862 | +€760 | +36.2% |
| Other operating charges | 640/8 | €21,379 | €5,655 | -€15,724 | -73.5% |
| Gross operating margin | 9900 | -€44,522 | -€18,183 | +€26,339 | +59.2% |
| Operating profit (loss) | 9901 | -€68,003 | -€26,700 | +€41,303 | +60.7% |
| Financial charges | 65/66B | €58,745 | €39,905 | -€18,840 | -32.1% |
| Recurring financial charges | 65 | €58,745 | €39,905 | -€18,840 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | -€126,748 | -€66,605 | +€60,142 | +47.5% |
| Profit (loss) for the period | 9904 | -€126,748 | -€66,605 | +€60,142 | +47.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€126,748 | -€66,605 | +€60,142 | +47.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.