KO MESSANCY: 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 MESSANCY
Largest movements
- Tangible fixed assets -€86,707
down €86,707 (-9.0%), from €964,148 to €877,440
of which Plant, machinery and equipment: -€92,161
- Cash -€15,981
down €15,981 (-24.3%), from €65,676 to €49,695
mainly Contributions, distributions and other (-€177,585) and Other debts (-€138,175)
- Other debts -€138,175
down €138,175 (-15.7%), from €882,589 to €744,414
- Tax, wage and social debts +€32,691
up €32,691 (+44.5%), from €73,535 to €106,226
of which Taxes: +€40,702
- Trade debts +€17,492
up €17,492 (+17.9%), from €97,924 to €115,417
- Advances received -€12,812
down €12,812 (-78.3%), from €16,353 to €3,541
- Turnover +€1.4m
new in 2024: €1.4m
- Purchases and services +€606,623
new in 2024: €606,623
- Gross operating margin +€206,085
up €206,085 (+35.7%), from €577,056 to €783,141
- Taxes +€46,941
up €46,941 (+254.2%), from €18,465 to €65,405
- Other operating charges +€27,442
up €27,442 (+355.2%), from €7,726 to €35,167
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.
Cash bridge derived
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 | €1,090,401 | €989,598 | -€100,803 | -9.2% |
| Formation expenses | 20 | €537 | €347 | -€190 | -35.4% |
| Fixed assets | 21/28 | €964,148 | €877,461 | -€86,686 | -9.0% |
| Tangible fixed assets | 22/27 | €964,148 | €877,440 | -€86,707 | -9.0% |
| Plant, machinery and equipment | 23 | €957,573 | €865,412 | -€92,161 | -9.6% |
| Furniture and vehicles | 24 | €2,120 | €1,573 | -€547 | -25.8% |
| Leasing and similar rights | 25 | €4,455 | €10,455 | +€6,000 | +134.7% |
| Financial fixed assets | 28 | - | €21 | +€21 | |
| Current assets | 29/58 | €125,716 | €111,789 | -€13,927 | -11.1% |
| Stocks and contracts in progress | 3 | €12,752 | €2,027 | -€10,724 | -84.1% |
| Stocks | 30/36 | €12,752 | €2,027 | -€10,724 | -84.1% |
| Amounts receivable within one year | 40/41 | €33,368 | €36,383 | +€3,015 | +9.0% |
| Trade receivables | 40 | €32,395 | €33,579 | +€1,185 | +3.7% |
| Other amounts receivable | 41 | €974 | €2,804 | +€1,830 | +187.9% |
| Cash at bank and in hand | 54/58 | €65,676 | €49,695 | -€15,981 | -24.3% |
| Deferred charges and accrued income | 490/1 | €13,921 | €23,684 | +€9,763 | +70.1% |
| Total equity and liabilities | 10/49 | €1,090,401 | €989,598 | -€100,803 | -9.2% |
| Equity | 10/15 | €20,000 | €20,000 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,070,401 | €969,598 | -€100,803 | -9.4% |
| Amounts payable within one year | 42/48 | €1,070,401 | €969,598 | -€100,803 | -9.4% |
| Trade debts | 44 | €97,924 | €115,417 | +€17,492 | +17.9% |
| Suppliers | 440/4 | €97,924 | €115,417 | +€17,492 | +17.9% |
| Advances received on contracts in progress | 46 | €16,353 | €3,541 | -€12,812 | -78.3% |
| Taxes, remuneration and social security | 45 | €73,535 | €106,226 | +€32,691 | +44.5% |
| Taxes | 450/3 | €40,169 | €80,870 | +€40,702 | +101.3% |
| Remuneration and social security | 454/9 | €33,367 | €25,356 | -€8,011 | -24.0% |
| Other amounts payable | 47/48 | €882,589 | €744,414 | -€138,175 | -15.7% |
| Turnover | 70 | - | €1,389,764 | +€1.4m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €606,623 | +€606,623 | |
| Remuneration, social security and pensions | 62 | €370,196 | €388,380 | +€18,184 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,739 | €116,603 | +€4,864 | +4.4% |
| Other operating charges | 640/8 | €7,726 | €35,167 | +€27,442 | +355.2% |
| Non-recurring operating charges | 66A | €1 | - | -€1 | |
| Gross operating margin | 9900 | €577,056 | €783,141 | +€206,085 | +35.7% |
| Operating profit (loss) | 9901 | €87,394 | €242,991 | +€155,597 | +178.0% |
| Financial charges | 65/66B | - | €0 | +€0 | |
| Recurring financial charges | 65 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €87,394 | €242,991 | +€155,597 | +178.0% |
| Income taxes | 67/77 | €18,465 | €65,405 | +€46,941 | +254.2% |
| Profit (loss) for the period | 9904 | €68,929 | €177,585 | +€108,656 | +157.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,929 | €177,585 | +€108,656 | +157.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.