Ko-med: what changed
Two fiscal 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-med
Largest movements
- Tangible fixed assets +€569,074
up €569,074 (+3280.5%), from €17,347 to €586,422
of which Land and buildings: +€565,232
- Cash +€275,674
up €275,674 (+953.4%), from €28,914 to €304,588
mainly Net result for the year (+€528,113) and Debts after one year (+€397,885)
- Receivables after one year +€184,477
up €184,477 (+95.7%), from €192,672 to €377,149
- Receivables within one year +€86,117
up €86,117 (+23.0%), from €374,729 to €460,846
of which Other amounts receivable: +€44,367
- Intangible fixed assets -€74,662
down €74,662 (-11.1%), from €671,956 to €597,294
- Reserves +€528,113
up €528,113 (+114.4%), from €461,785 to €989,898
- Debts after one year +€397,885
up €397,885 (+63.6%), from €625,699 to €1.0m
- Tax, wage and social debts +€44,320
up €44,320 (+34.4%), from €128,767 to €173,087
- Trade debts +€44,003
up €44,003 (+1787.5%), from €2,462 to €46,465
- Current portion of long-term debt +€27,852
up €27,852 (+43.3%), from €64,263 to €92,115
- Gross operating margin +€177,889
up €177,889 (+28.4%), from €625,846 to €803,735
- Taxes +€44,765
up €44,765 (+35.6%), from €125,767 to €170,532
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 | €1,287,032 | €2,327,734 | +€1.0m | +80.9% |
| Fixed assets | 21/28 | €689,403 | €1,183,816 | +€494,413 | +71.7% |
| Intangible fixed assets | 21 | €671,956 | €597,294 | -€74,662 | -11.1% |
| Tangible fixed assets | 22/27 | €17,347 | €586,422 | +€569,074 | +3280.5% |
| Land and buildings | 22 | - | €565,232 | +€565,232 | |
| Plant, machinery and equipment | 23 | €2,089 | €3,018 | +€929 | +44.5% |
| Furniture and vehicles | 24 | - | €4,466 | +€4,466 | |
| Other tangible fixed assets | 26 | €15,258 | €13,706 | -€1,553 | -10.2% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €597,628 | €1,143,918 | +€546,290 | +91.4% |
| Amounts receivable after more than one year | 29 | €192,672 | €377,149 | +€184,477 | +95.7% |
| Other amounts receivable | 291 | €192,672 | €377,149 | +€184,477 | +95.7% |
| Amounts receivable within one year | 40/41 | €374,729 | €460,846 | +€86,117 | +23.0% |
| Trade receivables | 40 | €2,000 | €43,750 | +€41,750 | +2087.5% |
| Other amounts receivable | 41 | €372,729 | €417,096 | +€44,367 | +11.9% |
| Cash at bank and in hand | 54/58 | €28,914 | €304,588 | +€275,674 | +953.4% |
| Deferred charges and accrued income | 490/1 | €1,313 | €1,336 | +€22 | +1.7% |
| Total equity and liabilities | 10/49 | €1,287,032 | €2,327,734 | +€1.0m | +80.9% |
| Equity | 10/15 | €463,785 | €991,898 | +€528,113 | +113.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €461,785 | €989,898 | +€528,113 | +114.4% |
| Distributable reserves | 133 | €461,785 | €989,898 | +€528,113 | +114.4% |
| Amounts payable | 17/49 | €823,247 | €1,335,836 | +€512,589 | +62.3% |
| Amounts payable after more than one year | 17 | €625,699 | €1,023,584 | +€397,885 | +63.6% |
| Financial debts | 170/4 | €625,699 | €1,023,584 | +€397,885 | +63.6% |
| Amounts payable within one year | 42/48 | €197,548 | €312,252 | +€114,704 | +58.1% |
| Current portion of amounts payable after more than one year | 42 | €64,263 | €92,115 | +€27,852 | +43.3% |
| Trade debts | 44 | €2,462 | €46,465 | +€44,003 | +1787.5% |
| Suppliers | 440/4 | €2,462 | €46,465 | +€44,003 | +1787.5% |
| Taxes, remuneration and social security | 45 | €128,767 | €173,087 | +€44,320 | +34.4% |
| Taxes | 450/3 | €128,767 | €173,087 | +€44,320 | +34.4% |
| Other amounts payable | 47/48 | €2,056 | €585 | -€1,471 | -71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,360 | €78,492 | +€2,132 | +2.8% |
| Other operating charges | 640/8 | €448 | €355 | -€92 | -20.6% |
| Gross operating margin | 9900 | €625,846 | €803,735 | +€177,889 | +28.4% |
| Operating profit (loss) | 9901 | €549,038 | €724,887 | +€175,849 | +32.0% |
| Financial income | 75/76B | €1,672 | €3,477 | +€1,805 | +108.0% |
| Recurring financial income | 75 | €1,672 | €3,477 | +€1,805 | +108.0% |
| Financial charges | 65/66B | €28,782 | €29,719 | +€936 | +3.3% |
| Recurring financial charges | 65 | €28,782 | €29,719 | +€936 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €521,928 | €698,645 | +€176,717 | +33.9% |
| Income taxes | 67/77 | €125,767 | €170,532 | +€44,765 | +35.6% |
| Profit (loss) for the period | 9904 | €396,161 | €528,113 | +€131,952 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €396,161 | €528,113 | +€131,952 | +33.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.