K. KOLACNY: 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.
K. KOLACNY
Largest movements
- Cash +€90,289
up €90,289 (+1,521%), from €5,935 to €96,223
mainly Net result for the year (+€65,768) and Depreciation (+€41,570)
- Tangible fixed assets -€39,549
down €39,549 (-3.9%), from €1.0m to €982,906
of which Land and buildings: -€40,128
- Reserves +€65,768
up €65,768 (+10.9%), from €602,810 to €668,579
- Debts after one year -€32,174
down €32,174 (-4.7%), from €682,456 to €650,282
- Gross operating margin +€34,485
up €34,485 (+26.2%), from €131,821 to €166,306
- Taxes +€15,258
up €15,258 (+158%), from €9,654 to €24,912
- Financial charges -€5,623
down €5,623 (-15.3%), from €36,850 to €31,227
- Other operating charges -€2,326
down €2,326 (-45.1%), from €5,155 to €2,829
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,847,985 | €1,891,131 | +€43,146 | +2.3% |
| Fixed assets | 21/28 | €1,798,455 | €1,758,906 | -€39,549 | -2.2% |
| Tangible fixed assets | 22/27 | €1,022,455 | €982,906 | -€39,549 | -3.9% |
| Land and buildings | 22 | €1,018,187 | €978,059 | -€40,128 | -3.9% |
| Plant, machinery and equipment | 23 | €3,640 | €2,574 | -€1,065 | -29.3% |
| Furniture and vehicles | 24 | €628 | €2,272 | +€1,644 | +262% |
| Financial fixed assets | 28 | €776,000 | €776,000 | = | 0.0% |
| Current assets | 29/58 | €49,530 | €132,225 | +€82,696 | +167% |
| Amounts receivable within one year | 40/41 | €35,250 | €28,076 | -€7,174 | -20.4% |
| Trade receivables | 40 | €24,900 | €28,076 | +€3,176 | +12.8% |
| Other amounts receivable | 41 | €10,350 | - | -€10,350 | |
| Cash at bank and in hand | 54/58 | €5,935 | €96,223 | +€90,289 | +1,521% |
| Deferred charges and accrued income | 490/1 | €8,345 | €7,926 | -€419 | -5.0% |
| Total equity and liabilities | 10/49 | €1,847,985 | €1,891,131 | +€43,146 | +2.3% |
| Equity | 10/15 | €803,610 | €869,379 | +€65,768 | +8.2% |
| Contributions | 10/11 | €200,800 | €200,800 | = | 0.0% |
| Reserves | 13 | €602,810 | €668,579 | +€65,768 | +10.9% |
| Distributable reserves | 133 | €602,810 | €668,579 | +€65,768 | +10.9% |
| Amounts payable | 17/49 | €1,044,375 | €1,021,752 | -€22,622 | -2.2% |
| Amounts payable after more than one year | 17 | €682,456 | €650,282 | -€32,174 | -4.7% |
| Financial debts | 170/4 | €682,456 | €650,282 | -€32,174 | -4.7% |
| Amounts payable within one year | 42/48 | €324,836 | €337,657 | +€12,820 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €31,538 | €32,174 | +€637 | +2.0% |
| Financial debts | 43 | €6,756 | €10,075 | +€3,319 | +49.1% |
| Credit institutions | 430/8 | €6,756 | €10,075 | +€3,319 | +49.1% |
| Trade debts | 44 | €2,045 | €712 | -€1,334 | -65.2% |
| Suppliers | 440/4 | €2,045 | €712 | -€1,334 | -65.2% |
| Taxes, remuneration and social security | 45 | €9,304 | €15,409 | +€6,105 | +65.6% |
| Taxes | 450/3 | €9,304 | €15,409 | +€6,105 | +65.6% |
| Other amounts payable | 47/48 | €275,194 | €279,287 | +€4,093 | +1.5% |
| Accrued charges and deferred income | 492/3 | €37,082 | €33,814 | -€3,268 | -8.8% |
| Non-recurring operating income | 76A | - | €2,455 | +€2,455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,343 | €41,570 | +€227 | +0.5% |
| Other operating charges | 640/8 | €5,155 | €2,829 | -€2,326 | -45.1% |
| Gross operating margin | 9900 | €131,821 | €166,306 | +€34,485 | +26.2% |
| Operating profit (loss) | 9901 | €85,322 | €121,907 | +€36,584 | +42.9% |
| Financial income | 75/76B | €14 | €1 | -€13 | -92.8% |
| Recurring financial income | 75 | €14 | €1 | -€13 | -92.8% |
| Financial charges | 65/66B | €36,850 | €31,227 | -€5,623 | -15.3% |
| Recurring financial charges | 65 | €36,850 | €31,227 | -€5,623 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €48,486 | €90,680 | +€42,194 | +87.0% |
| Income taxes | 67/77 | €9,654 | €24,912 | +€15,258 | +158% |
| Profit (loss) for the period | 9904 | €38,832 | €65,768 | +€26,937 | +69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,832 | €65,768 | +€26,937 | +69.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.