KOUDYZER: what changed
Two fiscal 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.
KOUDYZER
Largest movements
- Cash +€17,919
up €17,919 (+41.4%), from €43,314 to €61,234
mainly Net result for the year (+€19,121) and Tax, wage and social debts (+€6,246)
- Receivables within one year -€5,442
down €5,442 (-15.1%), from €35,993 to €30,551
of which Trade receivables: -€3,413
- Deferred charges and accrued income -€4,310
down €4,310 (-48.6%), from €8,873 to €4,562
- Stocks and contracts +€2,392
up €2,392 (+3.2%), from €75,883 to €78,275
- Reserves +€12,698
up €12,698 (+13.8%), from €91,789 to €104,486
of which Distributable reserves: +€12,698
- Trade debts -€9,195
down €9,195 (-37.4%), from €24,572 to €15,377
- Tax, wage and social debts +€6,246
up €6,246 (+12278.5%), from €51 to €6,297
- Gross operating margin +€8,702
up €8,702 (+42.5%), from €20,470 to €29,172
- Taxes +€2,520
up €2,520 (+46.0%), from €5,479 to €7,999
- Write-downs -€1,605
down €1,605 (-79.7%), from €2,013 to €408
- Financial income -€1,119
down €1,119 (-18.3%), from €6,100 to €4,981
- Other operating charges +€709
up €709 (+50.8%), from €1,396 to €2,105
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.
Cash bridge derived
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 | €177,245 | €186,160 | +€8,916 | +5.0% |
| Fixed assets | 21/28 | €13,181 | €11,538 | -€1,643 | -12.5% |
| Tangible fixed assets | 22/27 | €10,781 | €9,138 | -€1,643 | -15.2% |
| Plant, machinery and equipment | 23 | - | €1,271 | +€1,271 | |
| Furniture and vehicles | 24 | €513 | €149 | -€365 | -71.1% |
| Other tangible fixed assets | 26 | €10,268 | €7,718 | -€2,550 | -24.8% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €164,063 | €174,622 | +€10,559 | +6.4% |
| Stocks and contracts in progress | 3 | €75,883 | €78,275 | +€2,392 | +3.2% |
| Stocks | 30/36 | €75,883 | €78,275 | +€2,392 | +3.2% |
| Amounts receivable within one year | 40/41 | €35,993 | €30,551 | -€5,442 | -15.1% |
| Trade receivables | 40 | €33,964 | €30,551 | -€3,413 | -10.0% |
| Other amounts receivable | 41 | €2,029 | - | -€2,029 | |
| Cash at bank and in hand | 54/58 | €43,314 | €61,234 | +€17,919 | +41.4% |
| Deferred charges and accrued income | 490/1 | €8,873 | €4,562 | -€4,310 | -48.6% |
| Total equity and liabilities | 10/49 | €177,245 | €186,160 | +€8,916 | +5.0% |
| Equity | 10/15 | €151,789 | €164,486 | +€12,698 | +8.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €91,789 | €104,486 | +€12,698 | +13.8% |
| Tax-exempt reserves | 132 | €277 | €277 | = | 0.0% |
| Distributable reserves | 133 | €91,511 | €104,209 | +€12,698 | +13.9% |
| Amounts payable | 17/49 | €25,456 | €21,674 | -€3,782 | -14.9% |
| Amounts payable within one year | 42/48 | €25,456 | €21,674 | -€3,782 | -14.9% |
| Trade debts | 44 | €24,572 | €15,377 | -€9,195 | -37.4% |
| Suppliers | 440/4 | €24,572 | €15,377 | -€9,195 | -37.4% |
| Taxes, remuneration and social security | 45 | €51 | €6,297 | +€6,246 | +12278.5% |
| Taxes | 450/3 | €51 | €6,297 | +€6,246 | +12278.5% |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,351 | €2,928 | -€423 | -12.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,013 | €408 | -€1,605 | -79.7% |
| Other operating charges | 640/8 | €1,396 | €2,105 | +€709 | +50.8% |
| Gross operating margin | 9900 | €20,470 | €29,172 | +€8,702 | +42.5% |
| Operating profit (loss) | 9901 | €13,709 | €23,730 | +€10,021 | +73.1% |
| Financial income | 75/76B | €6,100 | €4,981 | -€1,119 | -18.3% |
| Recurring financial income | 75 | €6,100 | €4,981 | -€1,119 | -18.3% |
| Financial charges | 65/66B | €1,411 | €1,591 | +€180 | +12.8% |
| Recurring financial charges | 65 | €1,411 | €1,591 | +€180 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €18,398 | €27,120 | +€8,722 | +47.4% |
| Income taxes | 67/77 | €5,479 | €7,999 | +€2,520 | +46.0% |
| Profit (loss) for the period | 9904 | €12,919 | €19,121 | +€6,202 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,919 | €19,121 | +€6,202 | +48.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.