Bernd KOCKARTZ Management: 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.
Bernd KOCKARTZ Management
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€74,373
down €74,373 (-17.5%), from €423,782 to €349,410
mainly Current investments (-€100,000) and Investment in fixed assets (net) (-€65,000)
- Tangible fixed assets +€64,427
new in 2025: €64,427
of which Plant, machinery and equipment: +€34,562
- Receivables after one year -€35,000
no longer reported in 2025 (was €35,000)
- Reserves +€32,000
up €32,000 (+7.7%), from €416,970 to €448,970
of which Distributable reserves: +€32,000
- Trade debts +€30,213
up €30,213 (+3,070%), from €984 to €31,197
- Gross operating margin +€14,603
up €14,603 (+7.5%), from €194,720 to €209,322
- Staff costs +€9,387
up €9,387 (+5.9%), from €160,242 to €169,629
- Financial income +€5,501
up €5,501 (+78.0%), from €7,051 to €12,552
- Taxes +€3,246
up €3,246 (+35.0%), from €9,272 to €12,518
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 | €1,273,117 | €1,338,718 | +€65,601 | +5.2% |
| Fixed assets | 21/28 | €795,104 | €859,531 | +€64,427 | +8.1% |
| Tangible fixed assets | 22/27 | - | €64,427 | +€64,427 | |
| Land and buildings | 22 | - | €29,865 | +€29,865 | |
| Plant, machinery and equipment | 23 | - | €34,562 | +€34,562 | |
| Financial fixed assets | 28 | €795,104 | €795,104 | = | 0.0% |
| Current assets | 29/58 | €478,013 | €479,188 | +€1,174 | +0.2% |
| Amounts receivable after more than one year | 29 | €35,000 | - | -€35,000 | |
| Other amounts receivable | 291 | €35,000 | - | -€35,000 | |
| Amounts receivable within one year | 40/41 | €19,231 | €29,778 | +€10,547 | +54.8% |
| Trade receivables | 40 | €5,566 | €17,388 | +€11,822 | +212% |
| Other amounts receivable | 41 | €13,665 | €12,390 | -€1,275 | -9.3% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €423,782 | €349,410 | -€74,373 | -17.5% |
| Total equity and liabilities | 10/49 | €1,273,117 | €1,338,718 | +€65,601 | +5.2% |
| Equity | 10/15 | €1,158,622 | €1,191,915 | +€33,293 | +2.9% |
| Contributions | 10/11 | €737,438 | €737,438 | = | 0.0% |
| Capital | 10 | €737,438 | €737,438 | = | 0.0% |
| Issued capital | 100 | €737,438 | €737,438 | = | 0.0% |
| Reserves | 13 | €416,970 | €448,970 | +€32,000 | +7.7% |
| Non-distributable reserves | 130/1 | €14,970 | €14,970 | = | 0.0% |
| Legal reserve | 130 | €14,970 | €14,970 | = | 0.0% |
| Distributable reserves | 133 | €402,000 | €434,000 | +€32,000 | +8.0% |
| Profit (loss) carried forward | 14 | €4,214 | €5,507 | +€1,293 | +30.7% |
| Amounts payable | 17/49 | €114,495 | €146,803 | +€32,308 | +28.2% |
| Amounts payable within one year | 42/48 | €114,495 | €146,803 | +€32,308 | +28.2% |
| Trade debts | 44 | €984 | €31,197 | +€30,213 | +3,070% |
| Suppliers | 440/4 | €984 | €31,197 | +€30,213 | +3,070% |
| Taxes, remuneration and social security | 45 | €34,083 | €36,651 | +€2,568 | +7.5% |
| Taxes | 450/3 | €5,310 | €6,420 | +€1,109 | +20.9% |
| Remuneration and social security | 454/9 | €28,773 | €30,232 | +€1,459 | +5.1% |
| Other amounts payable | 47/48 | €79,428 | €78,955 | -€473 | -0.6% |
| Remuneration, social security and pensions | 62 | €160,242 | €169,629 | +€9,387 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €573 | +€573 | |
| Gross operating margin | 9900 | €194,720 | €209,322 | +€14,603 | +7.5% |
| Operating profit (loss) | 9901 | €34,477 | €39,120 | +€4,643 | +13.5% |
| Financial income | 75/76B | €7,051 | €12,552 | +€5,501 | +78.0% |
| Recurring financial income | 75 | €7,051 | €12,552 | +€5,501 | +78.0% |
| Financial charges | 65/66B | €6,315 | €5,861 | -€454 | -7.2% |
| Recurring financial charges | 65 | €6,315 | €5,861 | -€454 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €35,213 | €45,811 | +€10,599 | +30.1% |
| Income taxes | 67/77 | €9,272 | €12,518 | +€3,246 | +35.0% |
| Profit (loss) for the period | 9904 | €25,941 | €33,293 | +€7,352 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,941 | €33,293 | +€7,352 | +28.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.