JAPAN KOI: what changed
What changed
JAPAN KOI
NACE 46.323, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€68,282
2024 · €51,288+€16,994
Equity
€426,633
2024 · €358,351+€68,282
Cash
€18,476
2024 · €7,399+€11,077
Balance sheet total
€1.0m
2024 · €1.1m-€112,218
Largest movements
Assets
- Receivables within one year -€113,755
down €113,755 (-48.5%), from €234,423 to €120,668
of which Trade receivables: -€113,867
Equity and liabilities
- Trade debts -€129,896
down €129,896 (-65.9%), from €197,154 to €67,258
- Profit (loss) carried forward +€68,282
up €68,282, from -€40,648 to €27,634
- Debts after one year -€53,116
down €53,116 (-29.0%), from €183,078 to €129,962
of which Financial debts: -€53,116
- Short-term financial debts -€21,061
down €21,061 (-8.6%), from €246,061 to €225,000
- Tax, wage and social debts +€17,442
up €17,442 (+20.9%), from €83,492 to €100,934
of which Taxes: +€10,768
Income statement
- Gross operating margin +€69,063
up €69,063 (+18.8%), from €367,777 to €436,840
- Staff costs +€54,380
up €54,380 (+26.5%), from €204,983 to €259,363
- Financial charges -€17,185
down €17,185 (-32.7%), from €52,551 to €35,366
- Taxes +€9,043
up €9,043 (+928%), from €974 to €10,017
- Depreciation +€4,379
up €4,379 (+7.8%), from €56,210 to €60,589
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€51,288
Gross operating margin
+€69,063
Staff costs
-€54,380
Depreciation
-€4,379
Other operating charges
-€1,385
Financial income
-€66
Financial charges
+€17,185
Taxes
-€9,043
Result 2025
€68,282
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€125,289
Investment
-€46,165
Financing
-€68,046
Cash 2024
€7,399
From operations (derived)
+€125,289
Net result for the year
+€68,282
Depreciation
+€60,589
Stocks and contracts
-€2,324
Receivables within one year
+€113,755
Deferred charges and accrued income
-€2,559
Trade debts
-€129,896
Tax, wage and social debts
+€17,442
Investment (derived)
-€46,165
Investment in fixed assets (net)
-€46,165
Financing
-€68,046
Debts after one year
-€53,116
Current portion of long-term debt
+€6,131
Short-term financial debts
-€21,061
Contributions, distributions and other
+€0
Cash 2025
€18,476
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,140,767 | €1,028,549 | -€112,218 | -9.8% |
| Fixed assets | 21/28 | €244,394 | €229,970 | -€14,424 | -5.9% |
| Intangible fixed assets | 21 | €32,108 | €21,209 | -€10,899 | -33.9% |
| Tangible fixed assets | 22/27 | €195,986 | €192,461 | -€3,525 | -1.8% |
| Plant, machinery and equipment | 23 | €180,029 | €182,001 | +€1,972 | +1.1% |
| Furniture and vehicles | 24 | €2,650 | €816 | -€1,834 | -69.2% |
| Leasing and similar rights | 25 | €13,307 | €9,644 | -€3,663 | -27.5% |
| Financial fixed assets | 28 | €16,300 | €16,300 | = | 0.0% |
| Current assets | 29/58 | €896,373 | €798,578 | -€97,795 | -10.9% |
| Stocks and contracts in progress | 3 | €654,551 | €656,875 | +€2,324 | +0.4% |
| Stocks | 30/36 | €654,551 | €656,875 | +€2,324 | +0.4% |
| Amounts receivable within one year | 40/41 | €234,423 | €120,668 | -€113,755 | -48.5% |
| Trade receivables | 40 | €234,423 | €120,556 | -€113,867 | -48.6% |
| Other amounts receivable | 41 | - | €112 | +€112 | |
| Cash at bank and in hand | 54/58 | €7,399 | €18,476 | +€11,077 | +150% |
| Deferred charges and accrued income | 490/1 | - | €2,559 | +€2,559 | |
| Total equity and liabilities | 10/49 | €1,140,767 | €1,028,549 | -€112,218 | -9.8% |
| Equity | 10/15 | €358,351 | €426,633 | +€68,282 | +19.1% |
| Contributions | 10/11 | €398,999 | €398,999 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€40,648 | €27,634 | +€68,282 | |
| Amounts payable | 17/49 | €782,416 | €601,915 | -€180,501 | -23.1% |
| Amounts payable after more than one year | 17 | €183,078 | €129,962 | -€53,116 | -29.0% |
| Financial debts | 170/4 | €170,230 | €117,114 | -€53,116 | -31.2% |
| Other amounts payable | 178/9 | €12,848 | €12,848 | -€0 | 0.0% |
| Amounts payable within one year | 42/48 | €599,338 | €471,953 | -€127,385 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €72,631 | €78,762 | +€6,131 | +8.4% |
| Financial debts | 43 | €246,061 | €225,000 | -€21,061 | -8.6% |
| Credit institutions | 430/8 | €246,061 | €225,000 | -€21,061 | -8.6% |
| Trade debts | 44 | €197,154 | €67,258 | -€129,896 | -65.9% |
| Suppliers | 440/4 | €197,154 | €67,258 | -€129,896 | -65.9% |
| Taxes, remuneration and social security | 45 | €83,492 | €100,934 | +€17,442 | +20.9% |
| Taxes | 450/3 | €14,557 | €25,325 | +€10,768 | +74.0% |
| Remuneration and social security | 454/9 | €68,935 | €75,609 | +€6,674 | +9.7% |
| Remuneration, social security and pensions | 62 | €204,983 | €259,363 | +€54,380 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,210 | €60,589 | +€4,379 | +7.8% |
| Other operating charges | 640/8 | €1,850 | €3,235 | +€1,385 | +74.9% |
| Gross operating margin | 9900 | €367,777 | €436,840 | +€69,063 | +18.8% |
| Operating profit (loss) | 9901 | €104,734 | €113,653 | +€8,919 | +8.5% |
| Financial income | 75/76B | €79 | €13 | -€66 | -83.8% |
| Recurring financial income | 75 | €79 | €13 | -€66 | -83.8% |
| Financial charges | 65/66B | €52,551 | €35,366 | -€17,185 | -32.7% |
| Recurring financial charges | 65 | €52,551 | €35,366 | -€17,185 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €52,262 | €78,300 | +€26,038 | +49.8% |
| Income taxes | 67/77 | €974 | €10,017 | +€9,043 | +928% |
| Profit (loss) for the period | 9904 | €51,288 | €68,282 | +€16,994 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,288 | €68,282 | +€16,994 | +33.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.