't KOUTERBOS: 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.
't KOUTERBOS
Largest movements
- Stocks and contracts -€8,209
down €8,209 (-40.9%), from €20,073 to €11,864
- Cash +€7,325
up €7,325 (+222.2%), from €3,296 to €10,621
mainly Depreciation (+€10,153) and Stocks and contracts (+€8,209)
- Tangible fixed assets -€6,865
down €6,865 (-7.3%), from €94,456 to €87,591
of which Land and buildings: -€3,701
- Receivables within one year -€1,322
down €1,322 (-83.4%), from €1,586 to €263
of which Trade receivables: -€993
- Profit (loss) carried forward -€16,065
down €16,065 (-5.4%), from -€295,640 to -€311,705
- Trade debts +€7,069
up €7,069 (+520.3%), from €1,359 to €8,428
- Tax, wage and social debts +€2,432
up €2,432 (+99.0%), from €2,457 to €4,889
- Debts after one year -€1,721
down €1,721 (-0.8%), from €229,350 to €227,630
- Gross operating margin -€20,053
down €20,053 (-95.1%), from €21,076 to €1,023
- Other operating charges +€4,340
up €4,340 (+152.7%), from €2,842 to €7,182
- Depreciation +€660
up €660 (+7.0%), from €9,493 to €10,153
- Financial charges -€506
no longer reported in 2025 (was €506)
- Financial income +€243
up €243 (+5883.5%), from €4 to €247
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 | €119,885 | €111,004 | -€8,881 | -7.4% |
| Formation expenses | 20 | €255 | - | -€255 | |
| Fixed assets | 21/28 | €94,488 | €87,623 | -€6,865 | -7.3% |
| Tangible fixed assets | 22/27 | €94,456 | €87,591 | -€6,865 | -7.3% |
| Land and buildings | 22 | €56,040 | €52,338 | -€3,701 | -6.6% |
| Plant, machinery and equipment | 23 | €16,590 | €13,820 | -€2,770 | -16.7% |
| Furniture and vehicles | 24 | €14,880 | €14,880 | = | 0.0% |
| Other tangible fixed assets | 26 | €6,946 | €6,552 | -€394 | -5.7% |
| Financial fixed assets | 28 | €32 | €32 | = | 0.0% |
| Current assets | 29/58 | €25,142 | €23,381 | -€1,761 | -7.0% |
| Stocks and contracts in progress | 3 | €20,073 | €11,864 | -€8,209 | -40.9% |
| Stocks | 30/36 | €20,073 | €11,864 | -€8,209 | -40.9% |
| Amounts receivable within one year | 40/41 | €1,586 | €263 | -€1,322 | -83.4% |
| Trade receivables | 40 | €1,256 | €263 | -€993 | -79.1% |
| Other amounts receivable | 41 | €329 | - | -€329 | |
| Cash at bank and in hand | 54/58 | €3,296 | €10,621 | +€7,325 | +222.2% |
| Deferred charges and accrued income | 490/1 | €187 | €633 | +€446 | +238.4% |
| Total equity and liabilities | 10/49 | €119,885 | €111,004 | -€8,881 | -7.4% |
| Equity | 10/15 | -€128,116 | -€144,181 | -€16,065 | -12.5% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Revaluation surpluses | 12 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €3,788 | €3,788 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,788 | €3,788 | = | 0.0% |
| Legal reserve | 130 | €3,788 | €3,788 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€295,640 | -€311,705 | -€16,065 | -5.4% |
| Amounts payable | 17/49 | €248,001 | €255,185 | +€7,183 | +2.9% |
| Amounts payable after more than one year | 17 | €229,350 | €227,630 | -€1,721 | -0.8% |
| Financial debts | 170/4 | €229,350 | €227,630 | -€1,721 | -0.8% |
| Amounts payable within one year | 42/48 | €18,651 | €27,555 | +€8,904 | +47.7% |
| Trade debts | 44 | €1,359 | €8,428 | +€7,069 | +520.3% |
| Suppliers | 440/4 | €1,359 | €8,428 | +€7,069 | +520.3% |
| Taxes, remuneration and social security | 45 | €2,457 | €4,889 | +€2,432 | +99.0% |
| Taxes | 450/3 | €2,457 | €4,889 | +€2,432 | +99.0% |
| Other amounts payable | 47/48 | €14,836 | €14,239 | -€597 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,493 | €10,153 | +€660 | +7.0% |
| Other operating charges | 640/8 | €2,842 | €7,182 | +€4,340 | +152.7% |
| Gross operating margin | 9900 | €21,076 | €1,023 | -€20,053 | -95.1% |
| Operating profit (loss) | 9901 | €8,741 | -€16,312 | -€25,053 | |
| Financial income | 75/76B | €4 | €247 | +€243 | +5883.5% |
| Recurring financial income | 75 | €4 | €247 | +€243 | +5883.5% |
| Financial charges | 65/66B | €506 | - | -€506 | |
| Recurring financial charges | 65 | €506 | - | -€506 | |
| Profit (loss) for the period before taxes | 9903 | €8,240 | -€16,065 | -€24,305 | |
| Profit (loss) for the period | 9904 | €8,240 | -€16,065 | -€24,305 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,240 | -€16,065 | -€24,305 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.