ROYAL KOKSIJDE: 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.
ROYAL KOKSIJDE
Largest movements
- Cash -€52,436
down €52,436 (-65.6%), from €79,970 to €27,534
mainly Investment in fixed assets (net) (-€84,125) and Net result for the year (-€33,836)
- Receivables within one year -€19,564
down €19,564 (-5.2%), from €375,489 to €355,925
of which Trade receivables: -€89,975
- Tangible fixed assets +€12,844
up €12,844 (+8.5%), from €150,628 to €163,471
of which Furniture and vehicles: +€10,785
- Profit (loss) carried forward -€33,836
down €33,836 (-25.2%), from -€134,359 to -€168,195
- Debts after one year -€25,049
down €25,049 (-88.2%), from €28,386 to €3,337
- Current portion of long-term debt -€18,573
down €18,573 (-43.0%), from €43,176 to €24,603
- Other debts +€16,723
new in 2025: €16,723
- Short-term financial debts +€7,522
new in 2025: €7,522
- Gross operating margin -€236,917
down €236,917 (-37.1%), from €638,238 to €401,321
- Staff costs -€43,112
down €43,112 (-10.7%), from €401,675 to €358,564
- Taxes -€20,575
down €20,575 (-98.9%), from €20,795 to €219
- Other operating charges -€6,595
down €6,595 (-36.1%), from €18,264 to €11,669
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 | €620,104 | €564,816 | -€55,287 | -8.9% |
| Fixed assets | 21/28 | €150,628 | €166,956 | +€16,328 | +10.8% |
| Intangible fixed assets | 21 | - | €3,484 | +€3,484 | |
| Tangible fixed assets | 22/27 | €150,628 | €163,471 | +€12,844 | +8.5% |
| Plant, machinery and equipment | 23 | €26,707 | €30,478 | +€3,771 | +14.1% |
| Furniture and vehicles | 24 | €20,221 | €31,006 | +€10,785 | +53.3% |
| Leasing and similar rights | 25 | €5,515 | €2,542 | -€2,974 | -53.9% |
| Other tangible fixed assets | 26 | €98,185 | €99,446 | +€1,261 | +1.3% |
| Current assets | 29/58 | €469,476 | €397,861 | -€71,616 | -15.3% |
| Stocks and contracts in progress | 3 | €10,400 | €8,975 | -€1,426 | -13.7% |
| Stocks | 30/36 | €10,400 | €8,975 | -€1,426 | -13.7% |
| Amounts receivable within one year | 40/41 | €375,489 | €355,925 | -€19,564 | -5.2% |
| Trade receivables | 40 | €100,453 | €10,479 | -€89,975 | -89.6% |
| Other amounts receivable | 41 | €275,036 | €345,447 | +€70,411 | +25.6% |
| Cash at bank and in hand | 54/58 | €79,970 | €27,534 | -€52,436 | -65.6% |
| Deferred charges and accrued income | 490/1 | €3,617 | €5,427 | +€1,810 | +50.0% |
| Total equity and liabilities | 10/49 | €620,104 | €564,816 | -€55,287 | -8.9% |
| Equity | 10/15 | €455,663 | €421,827 | -€33,836 | -7.4% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €466,022 | €466,022 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,400 | €12,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,372 | €1,372 | = | 0.0% |
| Distributable reserves | 133 | €452,250 | €452,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,359 | -€168,195 | -€33,836 | -25.2% |
| Amounts payable | 17/49 | €164,440 | €142,989 | -€21,451 | -13.0% |
| Amounts payable after more than one year | 17 | €28,386 | €3,337 | -€25,049 | -88.2% |
| Financial debts | 170/4 | €28,386 | €3,337 | -€25,049 | -88.2% |
| Amounts payable within one year | 42/48 | €136,054 | €139,652 | +€3,598 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €43,176 | €24,603 | -€18,573 | -43.0% |
| Financial debts | 43 | - | €7,522 | +€7,522 | |
| Credit institutions | 430/8 | - | €7,522 | +€7,522 | |
| Trade debts | 44 | €41,739 | €37,754 | -€3,985 | -9.5% |
| Suppliers | 440/4 | €41,739 | €37,754 | -€3,985 | -9.5% |
| Taxes, remuneration and social security | 45 | €51,139 | €53,049 | +€1,910 | +3.7% |
| Taxes | 450/3 | €22,956 | €27,658 | +€4,702 | +20.5% |
| Remuneration and social security | 454/9 | €28,182 | €25,391 | -€2,791 | -9.9% |
| Other amounts payable | 47/48 | - | €16,723 | +€16,723 | |
| Remuneration, social security and pensions | 62 | €401,675 | €358,564 | -€43,112 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,379 | €67,796 | +€5,417 | +8.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,251 | -€3,223 | -€972 | -43.2% |
| Other operating charges | 640/8 | €18,264 | €11,669 | -€6,595 | -36.1% |
| Gross operating margin | 9900 | €638,238 | €401,321 | -€236,917 | -37.1% |
| Operating profit (loss) | 9901 | €158,170 | -€33,485 | -€191,655 | |
| Financial income | 75/76B | €4,475 | €4,715 | +€240 | +5.4% |
| Recurring financial income | 75 | €4,475 | €4,715 | +€240 | +5.4% |
| Financial charges | 65/66B | €8,946 | €4,847 | -€4,099 | -45.8% |
| Recurring financial charges | 65 | €8,946 | €4,847 | -€4,099 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | €153,699 | -€33,617 | -€187,315 | |
| Income taxes | 67/77 | €20,795 | €219 | -€20,575 | -98.9% |
| Profit (loss) for the period | 9904 | €132,904 | -€33,836 | -€166,740 | |
| Profit (loss) for the period to be appropriated | 9905 | €132,904 | -€33,836 | -€166,740 |
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 28 October 2026 via checked.be.