KOUTERINVEST: 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.
KOUTERINVEST
Largest movements
- Tangible fixed assets -€29,832
down €29,832 (-2.9%), from €1.0m to €985,345
- Profit (loss) carried forward -€18,898
down €18,898 (-8.7%), from €217,512 to €198,614
- Other debts -€11,226
down €11,226 (-3.0%), from €378,039 to €366,813
- Gross operating margin -€2,576
down €2,576 (-16.6%), from €15,529 to €12,953
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 | €1,018,843 | €987,219 | -€31,624 | -3.1% |
| Fixed assets | 21/28 | €1,015,177 | €985,345 | -€29,832 | -2.9% |
| Tangible fixed assets | 22/27 | €1,015,177 | €985,345 | -€29,832 | -2.9% |
| Land and buildings | 22 | €1,015,177 | €985,345 | -€29,832 | -2.9% |
| Current assets | 29/58 | €3,666 | €1,874 | -€1,792 | -48.9% |
| Amounts receivable after more than one year | 29 | - | €1,800 | +€1,800 | |
| Other amounts receivable | 291 | - | €1,800 | +€1,800 | |
| Amounts receivable within one year | 40/41 | €3,600 | - | -€3,600 | |
| Other amounts receivable | 41 | €3,600 | - | -€3,600 | |
| Cash at bank and in hand | 54/58 | €66 | €74 | +€8 | +12.1% |
| Total equity and liabilities | 10/49 | €1,018,843 | €987,219 | -€31,624 | -3.1% |
| Equity | 10/15 | €626,284 | €606,381 | -€19,903 | -3.2% |
| Reserves | 13 | €408,772 | €407,767 | -€1,005 | -0.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €374,880 | €374,880 | = | 0.0% |
| Distributable reserves | 133 | €32,033 | €31,028 | -€1,005 | -3.1% |
| Profit (loss) carried forward | 14 | €217,512 | €198,614 | -€18,898 | -8.7% |
| Provisions and deferred taxes | 16 | €14,520 | €14,025 | -€495 | -3.4% |
| Deferred taxes | 168 | €14,520 | €14,025 | -€495 | -3.4% |
| Amounts payable | 17/49 | €378,039 | €366,813 | -€11,226 | -3.0% |
| Amounts payable within one year | 42/48 | €378,039 | €366,813 | -€11,226 | -3.0% |
| Other amounts payable | 47/48 | €378,039 | €366,813 | -€11,226 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,832 | €29,832 | = | 0.0% |
| Other operating charges | 640/8 | €3,369 | €3,474 | +€105 | +3.1% |
| Gross operating margin | 9900 | €15,529 | €12,953 | -€2,576 | -16.6% |
| Operating profit (loss) | 9901 | -€17,672 | -€20,353 | -€2,681 | -15.2% |
| Financial charges | 65/66B | €18 | €45 | +€27 | +150% |
| Recurring financial charges | 65 | €18 | €45 | +€27 | +150% |
| Profit (loss) for the period before taxes | 9903 | -€17,690 | -€20,398 | -€2,708 | -15.3% |
| Transfer from deferred taxes | 780 | €495 | €495 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€17,195 | -€19,903 | -€2,708 | -15.7% |
| Transfer from tax-exempt reserves | 789 | €1,005 | €1,005 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,190 | -€18,898 | -€2,708 | -16.7% |
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 19 October 2026 via checked.be.