Cokon: 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.
Cokon
Largest movements
- Current investments +€12,738
up €12,738 (+40.9%), from €31,171 to €43,909
- Intangible fixed assets +€10,336
new in 2025: €10,336
- Receivables within one year -€6,148
down €6,148 (-13.7%), from €44,917 to €38,769
of which Other amounts receivable: -€7,842
- Deferred charges and accrued income -€3,228
down €3,228 (-29.2%), from €11,060 to €7,832
- Cash -€1,746
down €1,746 (-41.1%), from €4,248 to €2,502
mainly Investment in fixed assets (net) (-€16,654) and Current investments (-€12,738)
- Reserves +€20,870
up €20,870 (+36.4%), from €57,307 to €78,177
- Current portion of long-term debt -€10,591
down €10,591 (-100.0%), from €10,591 to €0
- Tax, wage and social debts +€6,534
up €6,534 (+47.0%), from €13,913 to €20,447
- Other debts -€4,110
down €4,110 (-51.0%), from €8,057 to €3,947
- Trade debts +€1,458
up €1,458 (+79.8%), from €1,827 to €3,285
- Gross operating margin -€22,988
down €22,988 (-52.0%), from €44,236 to €21,248
- Financial income +€19,413
up €19,413 (+525.1%), from €3,697 to €23,110
- Financial charges -€5,849
down €5,849 (-51.4%), from €11,378 to €5,528
- Depreciation -€1,607
down €1,607 (-27.7%), from €5,792 to €4,185
- Taxes +€813
up €813 (+8.5%), from €9,533 to €10,346
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 | €98,577 | €112,663 | +€14,085 | +14.3% |
| Fixed assets | 21/28 | €7,181 | €19,651 | +€12,470 | +173.6% |
| Intangible fixed assets | 21 | - | €10,336 | +€10,336 | |
| Tangible fixed assets | 22/27 | €7,181 | €8,236 | +€1,054 | +14.7% |
| Land and buildings | 22 | €0 | €0 | -€0 | -100.0% |
| Plant, machinery and equipment | 23 | €1,443 | €1,771 | +€328 | +22.7% |
| Furniture and vehicles | 24 | €5,738 | €6,464 | +€726 | +12.7% |
| Financial fixed assets | 28 | - | €1,080 | +€1,080 | |
| Current assets | 29/58 | €91,396 | €93,012 | +€1,615 | +1.8% |
| Amounts receivable within one year | 40/41 | €44,917 | €38,769 | -€6,148 | -13.7% |
| Trade receivables | 40 | €31,637 | €33,330 | +€1,694 | +5.4% |
| Other amounts receivable | 41 | €13,281 | €5,439 | -€7,842 | -59.0% |
| Current investments | 50/53 | €31,171 | €43,909 | +€12,738 | +40.9% |
| Cash at bank and in hand | 54/58 | €4,248 | €2,502 | -€1,746 | -41.1% |
| Deferred charges and accrued income | 490/1 | €11,060 | €7,832 | -€3,228 | -29.2% |
| Total equity and liabilities | 10/49 | €98,577 | €112,663 | +€14,085 | +14.3% |
| Equity | 10/15 | €63,830 | €84,386 | +€20,556 | +32.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €57,307 | €78,177 | +€20,870 | +36.4% |
| Distributable reserves | 133 | €57,307 | €78,177 | +€20,870 | +36.4% |
| Profit (loss) carried forward | 14 | €323 | €9 | -€314 | -97.2% |
| Amounts payable | 17/49 | €34,747 | €28,276 | -€6,471 | -18.6% |
| Amounts payable after more than one year | 17 | €275 | €0 | -€275 | -100.0% |
| Financial debts | 170/4 | €275 | €0 | -€275 | -100.0% |
| Amounts payable within one year | 42/48 | €34,407 | €28,276 | -€6,131 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €10,591 | €0 | -€10,591 | -100.0% |
| Financial debts | 43 | €20 | €598 | +€578 | +2892.8% |
| Credit institutions | 430/8 | €20 | €598 | +€578 | +2892.8% |
| Trade debts | 44 | €1,827 | €3,285 | +€1,458 | +79.8% |
| Suppliers | 440/4 | €1,827 | €3,285 | +€1,458 | +79.8% |
| Taxes, remuneration and social security | 45 | €13,913 | €20,447 | +€6,534 | +47.0% |
| Taxes | 450/3 | €13,913 | €20,447 | +€6,534 | +47.0% |
| Other amounts payable | 47/48 | €8,057 | €3,947 | -€4,110 | -51.0% |
| Accrued charges and deferred income | 492/3 | €66 | €0 | -€66 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,792 | €4,185 | -€1,607 | -27.7% |
| Other operating charges | 640/8 | €2,274 | €2,076 | -€198 | -8.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €44,236 | €21,248 | -€22,988 | -52.0% |
| Operating profit (loss) | 9901 | €36,170 | €14,987 | -€21,184 | -58.6% |
| Financial income | 75/76B | €3,697 | €23,110 | +€19,413 | +525.1% |
| Recurring financial income | 75 | €3,697 | €23,110 | +€19,413 | +525.1% |
| Financial charges | 65/66B | €11,378 | €5,528 | -€5,849 | -51.4% |
| Recurring financial charges | 65 | €11,378 | €5,528 | -€5,849 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | €28,490 | €32,569 | +€4,079 | +14.3% |
| Income taxes | 67/77 | €9,533 | €10,346 | +€813 | +8.5% |
| Profit (loss) for the period | 9904 | €18,957 | €22,222 | +€3,265 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,957 | €22,222 | +€3,265 | +17.2% |
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 9 October 2026 via checked.be.