KOUDEKOT: 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.
KOUDEKOT
Largest movements
- Tangible fixed assets -€43,947
down €43,947 (-47.3%), from €92,908 to €48,961
- Stocks and contracts -€8,826
down €8,826 (-58.8%), from €15,000 to €6,174
- Cash +€2,276
up €2,276 (+3.2%), from €71,694 to €73,969
mainly Investment in fixed assets (net) (+€29,008) and Depreciation (+€14,939)
- Profit (loss) carried forward -€43,436
new in 2026: -€43,436
- Tax, wage and social debts -€8,408
down €8,408 (-94.0%), from €8,946 to €538
- Gross operating margin -€152,206
down €152,206, from €148,068 to -€4,138
- Taxes -€8,330
no longer reported in 2026 (was €8,330)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €184,739 | €132,975 | -€51,763 | -28.0% |
| Fixed assets | 21/28 | €92,908 | €48,961 | -€43,947 | -47.3% |
| Tangible fixed assets | 22/27 | €92,908 | €48,961 | -€43,947 | -47.3% |
| Land and buildings | 22 | €14,850 | - | -€14,850 | |
| Plant, machinery and equipment | 23 | €21,123 | €4,868 | -€16,255 | -77.0% |
| Furniture and vehicles | 24 | €56,935 | €44,094 | -€12,841 | -22.6% |
| Current assets | 29/58 | €91,830 | €84,014 | -€7,817 | -8.5% |
| Stocks and contracts in progress | 3 | €15,000 | €6,174 | -€8,826 | -58.8% |
| Stocks | 30/36 | €15,000 | €6,174 | -€8,826 | -58.8% |
| Amounts receivable within one year | 40/41 | €3,850 | €3,870 | +€20 | +0.5% |
| Trade receivables | 40 | €3,520 | €2,335 | -€1,186 | -33.7% |
| Other amounts receivable | 41 | €330 | €1,536 | +€1,206 | +366% |
| Cash at bank and in hand | 54/58 | €71,694 | €73,969 | +€2,276 | +3.2% |
| Deferred charges and accrued income | 490/1 | €1,287 | - | -€1,287 | |
| Total equity and liabilities | 10/49 | €184,739 | €132,975 | -€51,763 | -28.0% |
| Equity | 10/15 | €175,720 | €132,283 | -€43,436 | -24.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €169,520 | €169,520 | = | 0.0% |
| Distributable reserves | 133 | €169,520 | €169,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€43,436 | -€43,436 | |
| Amounts payable | 17/49 | €9,019 | €692 | -€8,327 | -92.3% |
| Amounts payable within one year | 42/48 | €9,019 | €692 | -€8,327 | -92.3% |
| Trade debts | 44 | €22 | €154 | +€132 | +596% |
| Suppliers | 440/4 | €22 | €154 | +€132 | +596% |
| Taxes, remuneration and social security | 45 | €8,946 | €538 | -€8,408 | -94.0% |
| Taxes | 450/3 | €8,946 | €538 | -€8,408 | -94.0% |
| Other amounts payable | 47/48 | €51 | - | -€51 | |
| Non-recurring operating income | 76A | €162,705 | €11,305 | -€151,400 | -93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,756 | €14,939 | +€183 | +1.2% |
| Other operating charges | 640/8 | €3,784 | €2,661 | -€1,122 | -29.7% |
| Non-recurring operating charges | 66A | - | €20,973 | +€20,973 | |
| Gross operating margin | 9900 | €148,068 | -€4,138 | -€152,206 | |
| Operating profit (loss) | 9901 | €129,528 | -€42,712 | -€172,239 | |
| Financial charges | 65/66B | €948 | €725 | -€223 | -23.5% |
| Recurring financial charges | 65 | €948 | €725 | -€223 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €128,580 | -€43,436 | -€172,016 | |
| Income taxes | 67/77 | €8,330 | - | -€8,330 | |
| Profit (loss) for the period | 9904 | €120,250 | -€43,436 | -€163,686 | |
| Profit (loss) for the period to be appropriated | 9905 | €120,250 | -€43,436 | -€163,686 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.