KO-EL-NA: 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.
KO-EL-NA
Largest movements
- Tangible fixed assets +€87,912
up €87,912 (+4.0%), from €2.2m to €2.3m
of which Land and buildings: +€79,542
- Other debts +€134,248
up €134,248 (+56.3%), from €238,447 to €372,695
- Profit (loss) carried forward -€26,950
down €26,950 (-71.8%), from -€37,515 to -€64,466
- Gross operating margin +€25,405
up €25,405, from -€3,782 to €21,623
- Staff costs +€8,202
up €8,202 (+33.7%), from €24,320 to €32,523
- Depreciation +€6,996
up €6,996 (+35.8%), from €19,528 to €26,524
- Other operating charges -€1,467
down €1,467 (-27.7%), from €5,296 to €3,829
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 | €2,225,397 | €2,314,605 | +€89,208 | +4.0% |
| Fixed assets | 21/28 | €2,220,286 | €2,308,198 | +€87,912 | +4.0% |
| Tangible fixed assets | 22/27 | €2,219,938 | €2,307,851 | +€87,912 | +4.0% |
| Land and buildings | 22 | €2,114,747 | €2,194,289 | +€79,542 | +3.8% |
| Plant, machinery and equipment | 23 | €34,494 | €47,655 | +€13,162 | +38.2% |
| Furniture and vehicles | 24 | €1,249 | €937 | -€312 | -25.0% |
| Other tangible fixed assets | 26 | €69,449 | €64,970 | -€4,479 | -6.4% |
| Financial fixed assets | 28 | €348 | €348 | = | 0.0% |
| Current assets | 29/58 | €5,111 | €6,407 | +€1,296 | +25.4% |
| Amounts receivable within one year | 40/41 | €15 | - | -€15 | |
| Other amounts receivable | 41 | €15 | - | -€15 | |
| Cash at bank and in hand | 54/58 | €5,070 | €6,382 | +€1,311 | +25.9% |
| Deferred charges and accrued income | 490/1 | €25 | €25 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,225,397 | €2,314,605 | +€89,208 | +4.0% |
| Equity | 10/15 | €1,921,390 | €1,884,960 | -€36,430 | -1.9% |
| Contributions | 10/11 | €1,834,908 | €1,834,908 | = | 0.0% |
| Reserves | 13 | €123,998 | €114,518 | -€9,479 | -7.6% |
| Tax-exempt reserves | 132 | €104,414 | €94,935 | -€9,479 | -9.1% |
| Distributable reserves | 133 | €19,584 | €19,584 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,515 | -€64,466 | -€26,950 | -71.8% |
| Provisions and deferred taxes | 16 | €53,765 | €48,884 | -€4,881 | -9.1% |
| Deferred taxes | 168 | €53,765 | €48,884 | -€4,881 | -9.1% |
| Amounts payable | 17/49 | €250,241 | €380,761 | +€130,519 | +52.2% |
| Amounts payable within one year | 42/48 | €250,241 | €380,761 | +€130,519 | +52.2% |
| Trade debts | 44 | €11,341 | €3,900 | -€7,441 | -65.6% |
| Suppliers | 440/4 | €11,341 | €3,900 | -€7,441 | -65.6% |
| Taxes, remuneration and social security | 45 | €454 | €4,166 | +€3,712 | +818% |
| Remuneration and social security | 454/9 | €454 | €4,166 | +€3,712 | +818% |
| Other amounts payable | 47/48 | €238,447 | €372,695 | +€134,248 | +56.3% |
| Remuneration, social security and pensions | 62 | €24,320 | €32,523 | +€8,202 | +33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,528 | €26,524 | +€6,996 | +35.8% |
| Other operating charges | 640/8 | €5,296 | €3,829 | -€1,467 | -27.7% |
| Gross operating margin | 9900 | -€3,782 | €21,623 | +€25,405 | |
| Operating profit (loss) | 9901 | -€52,926 | -€41,252 | +€11,674 | +22.1% |
| Financial charges | 65/66B | €50 | €59 | +€9 | +18.7% |
| Recurring financial charges | 65 | €50 | €59 | +€9 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | -€52,976 | -€41,311 | +€11,665 | +22.0% |
| Transfer from deferred taxes | 780 | €4,881 | €4,881 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€48,095 | -€36,430 | +€11,665 | +24.3% |
| Transfer from tax-exempt reserves | 789 | €9,479 | €9,479 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,615 | -€26,950 | +€11,665 | +30.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.