T. Konings: 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.
T. Konings
Largest movements
- Cash -€184,250
down €184,250 (-88.7%), from €207,805 to €23,555
mainly Other debts (-€169,564) and Contributions, distributions and other (-€76,917)
- Tangible fixed assets -€10,053
down €10,053 (-20.8%), from €48,429 to €38,376
- Receivables within one year +€4,737
up €4,737 (+47.6%), from €9,942 to €14,678
of which Other amounts receivable: +€4,737
- Other debts -€169,564
down €169,564 (-87.6%), from €193,670 to €24,105
- Tax, wage and social debts -€16,975
down €16,975 (-51.6%), from €32,888 to €15,913
- Debts after one year -€8,096
down €8,096 (-25.5%), from €31,763 to €23,667
- Short-term financial debts +€4,214
new in 2025: €4,214
- Gross operating margin -€7,586
down €7,586 (-6.5%), from €117,157 to €109,571
- Depreciation +€6,493
up €6,493 (+182%), from €3,560 to €10,053
- Taxes -€4,635
down €4,635 (-18.6%), from €24,899 to €20,263
- Financial income -€2,550
down €2,550 (-100%), from €2,550 to €0
- Financial charges +€1,192
up €1,192 (+254%), from €470 to €1,662
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 | €266,176 | €76,610 | -€189,566 | -71.2% |
| Fixed assets | 21/28 | €48,429 | €38,376 | -€10,053 | -20.8% |
| Tangible fixed assets | 22/27 | €48,429 | €38,376 | -€10,053 | -20.8% |
| Furniture and vehicles | 24 | €48,429 | €38,376 | -€10,053 | -20.8% |
| Current assets | 29/58 | €217,746 | €38,233 | -€179,513 | -82.4% |
| Amounts receivable within one year | 40/41 | €9,942 | €14,678 | +€4,737 | +47.6% |
| Trade receivables | 40 | €9,075 | €9,075 | = | 0.0% |
| Other amounts receivable | 41 | €867 | €5,603 | +€4,737 | +547% |
| Cash at bank and in hand | 54/58 | €207,805 | €23,555 | -€184,250 | -88.7% |
| Total equity and liabilities | 10/49 | €266,176 | €76,610 | -€189,566 | -71.2% |
| Equity | 10/15 | €0 | - | = | |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €266,176 | €76,610 | -€189,566 | -71.2% |
| Amounts payable after more than one year | 17 | €31,763 | €23,667 | -€8,096 | -25.5% |
| Financial debts | 170/4 | €31,763 | €23,667 | -€8,096 | -25.5% |
| Amounts payable within one year | 42/48 | €234,413 | €52,943 | -€181,470 | -77.4% |
| Current portion of amounts payable after more than one year | 42 | €7,837 | €8,096 | +€259 | +3.3% |
| Financial debts | 43 | - | €4,214 | +€4,214 | |
| Credit institutions | 430/8 | - | €4,214 | +€4,214 | |
| Trade debts | 44 | €18 | €614 | +€596 | +3,313% |
| Suppliers | 440/4 | €18 | €614 | +€596 | +3,313% |
| Taxes, remuneration and social security | 45 | €32,888 | €15,913 | -€16,975 | -51.6% |
| Taxes | 450/3 | €32,888 | €15,913 | -€16,975 | -51.6% |
| Other amounts payable | 47/48 | €193,670 | €24,105 | -€169,564 | -87.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,560 | €10,053 | +€6,493 | +182% |
| Other operating charges | 640/8 | €659 | €675 | +€16 | +2.5% |
| Gross operating margin | 9900 | €117,157 | €109,571 | -€7,586 | -6.5% |
| Operating profit (loss) | 9901 | €112,938 | €98,842 | -€14,096 | -12.5% |
| Financial income | 75/76B | €2,550 | €0 | -€2,550 | -100% |
| Recurring financial income | 75 | €2,550 | €0 | -€2,550 | -100% |
| Financial charges | 65/66B | €470 | €1,662 | +€1,192 | +254% |
| Recurring financial charges | 65 | €470 | €1,662 | +€1,192 | +254% |
| Profit (loss) for the period before taxes | 9903 | €115,019 | €97,180 | -€17,838 | -15.5% |
| Income taxes | 67/77 | €24,899 | €20,263 | -€4,635 | -18.6% |
| Profit (loss) for the period | 9904 | €90,120 | €76,917 | -€13,203 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €90,120 | €76,917 | -€13,203 | -14.7% |
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 20 October 2026 via checked.be.