KO GROUP: 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 GROUP
Largest movements
- Receivables within one year +€801,623
up €801,623 (+16.4%), from €4.9m to €5.7m
of which Other amounts receivable: +€654,363
- Financial fixed assets +€774,600
up €774,600 (+72.6%), from €1.1m to €1.8m
- Stocks and contracts -€88,336
down €88,336 (-49.2%), from €179,453 to €91,117
- Deferred charges and accrued income +€83,356
up €83,356 (+683%), from €12,202 to €95,558
- Other debts +€1.6m
up €1.6m (+39.4%), from €4.0m to €5.6m
- Debts after one year +€408,026
new in 2024: €408,026
- Profit (loss) carried forward -€292,533
down €292,533, from €37,685 to -€254,847
- Trade debts -€247,222
down €247,222 (-99.6%), from €248,300 to €1,078
- Current portion of long-term debt +€90,175
up €90,175 (+5,012%), from €1,799 to €91,974
- Purchases and services +€2.3m
new in 2024: €2.3m
- Turnover +€1.9m
new in 2024: €1.9m
- Gross operating margin -€373,056
down €373,056 (-459%), from -€81,254 to -€454,310
- Financial income +€214,274
up €214,274 (+41.1%), from €521,764 to €736,038
- Staff costs +€77,990
up €77,990 (+17.5%), from €445,325 to €523,315
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,265,632 | €7,790,704 | +€1.5m | +24.3% |
| Formation expenses | 20 | €20,459 | €15,159 | -€5,300 | -25.9% |
| Fixed assets | 21/28 | €1,105,557 | €1,862,660 | +€757,103 | +68.5% |
| Tangible fixed assets | 22/27 | €38,427 | €20,930 | -€17,497 | -45.5% |
| Plant, machinery and equipment | 23 | €2,430 | €1,835 | -€595 | -24.5% |
| Furniture and vehicles | 24 | €14,638 | €3,188 | -€11,451 | -78.2% |
| Other tangible fixed assets | 26 | €21,359 | €15,907 | -€5,452 | -25.5% |
| Financial fixed assets | 28 | €1,067,130 | €1,841,730 | +€774,600 | +72.6% |
| Current assets | 29/58 | €5,139,616 | €5,912,885 | +€773,269 | +15.0% |
| Stocks and contracts in progress | 3 | €179,453 | €91,117 | -€88,336 | -49.2% |
| Stocks | 30/36 | €179,453 | €91,117 | -€88,336 | -49.2% |
| Amounts receivable within one year | 40/41 | €4,883,051 | €5,684,675 | +€801,623 | +16.4% |
| Trade receivables | 40 | €1,382,216 | €1,529,476 | +€147,260 | +10.7% |
| Other amounts receivable | 41 | €3,500,836 | €4,155,199 | +€654,363 | +18.7% |
| Cash at bank and in hand | 54/58 | €64,909 | €41,535 | -€23,374 | -36.0% |
| Deferred charges and accrued income | 490/1 | €12,202 | €95,558 | +€83,356 | +683% |
| Total equity and liabilities | 10/49 | €6,265,632 | €7,790,704 | +€1.5m | +24.3% |
| Equity | 10/15 | €1,905,743 | €1,613,210 | -€292,533 | -15.4% |
| Contributions | 10/11 | €1,776,617 | €1,776,617 | = | 0.0% |
| Reserves | 13 | €91,441 | €91,441 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Other | 1319 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €89,582 | €89,582 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,685 | -€254,847 | -€292,533 | |
| Amounts payable | 17/49 | €4,359,889 | €6,177,494 | +€1.8m | +41.7% |
| Amounts payable after more than one year | 17 | - | €408,026 | +€408,026 | |
| Financial debts | 170/4 | - | €408,026 | +€408,026 | |
| Amounts payable within one year | 42/48 | €4,359,889 | €5,769,468 | +€1.4m | +32.3% |
| Current portion of amounts payable after more than one year | 42 | €1,799 | €91,974 | +€90,175 | +5,012% |
| Trade debts | 44 | €248,300 | €1,078 | -€247,222 | -99.6% |
| Suppliers | 440/4 | €248,300 | €1,078 | -€247,222 | -99.6% |
| Taxes, remuneration and social security | 45 | €63,439 | €37,416 | -€26,023 | -41.0% |
| Taxes | 450/3 | €9,671 | €672 | -€8,999 | -93.1% |
| Remuneration and social security | 454/9 | €53,768 | €36,744 | -€17,023 | -31.7% |
| Other amounts payable | 47/48 | €4,046,351 | €5,639,000 | +€1.6m | +39.4% |
| Turnover | 70 | - | €1,867,267 | +€1.9m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €2,321,577 | +€2.3m | |
| Remuneration, social security and pensions | 62 | €445,325 | €523,315 | +€77,990 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,855 | €22,797 | +€942 | +4.3% |
| Other operating charges | 640/8 | €4,661 | €20,144 | +€15,483 | +332% |
| Gross operating margin | 9900 | -€81,254 | -€454,310 | -€373,056 | -459% |
| Operating profit (loss) | 9901 | -€553,094 | -€1,020,565 | -€467,471 | -84.5% |
| Financial income | 75/76B | €521,764 | €736,038 | +€214,274 | +41.1% |
| Recurring financial income | 75 | €521,764 | €736,038 | +€214,274 | +41.1% |
| Financial charges | 65/66B | €5,381 | €7,639 | +€2,258 | +42.0% |
| Recurring financial charges | 65 | €5,381 | €7,639 | +€2,258 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | -€36,711 | -€292,167 | -€255,455 | -696% |
| Income taxes | 67/77 | €306 | €366 | +€60 | +19.7% |
| Profit (loss) for the period | 9904 | -€37,017 | -€292,533 | -€255,516 | -690% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,017 | -€292,533 | -€255,516 | -690% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.