KO PA: 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 PA
Largest movements
- Cash +€97,882
up €97,882 (+85.3%), from €114,747 to €212,629
mainly Net result for the year (+€55,912) and Depreciation (+€29,746)
- Tangible fixed assets -€29,260
down €29,260 (-23.9%), from €122,265 to €93,005
of which Land and buildings: -€16,064
- Receivables within one year -€7,961
down €7,961 (-28.0%), from €28,429 to €20,468
of which Other amounts receivable: -€9,338
- Reserves +€55,912
up €55,912 (+24.7%), from €226,601 to €282,512
- Tax, wage and social debts +€5,187
up €5,187 (+603.6%), from €859 to €6,046
- Gross operating margin +€67,115
up €67,115 (+158.5%), from €42,345 to €109,461
- Taxes +€20,185
up €20,185 (+2082.5%), from €969 to €21,154
- Financial charges -€1,344
down €1,344 (-42.7%), from €3,143 to €1,800
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 | €266,942 | €327,742 | +€60,799 | +22.8% |
| Fixed assets | 21/28 | €122,265 | €93,005 | -€29,260 | -23.9% |
| Tangible fixed assets | 22/27 | €122,265 | €93,005 | -€29,260 | -23.9% |
| Land and buildings | 22 | €80,319 | €64,255 | -€16,064 | -20.0% |
| Plant, machinery and equipment | 23 | €5,815 | €4,733 | -€1,082 | -18.6% |
| Furniture and vehicles | 24 | €36,130 | €24,016 | -€12,114 | -33.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €144,678 | €234,737 | +€90,059 | +62.2% |
| Amounts receivable within one year | 40/41 | €28,429 | €20,468 | -€7,961 | -28.0% |
| Trade receivables | 40 | €16,441 | €17,818 | +€1,377 | +8.4% |
| Other amounts receivable | 41 | €11,988 | €2,649 | -€9,338 | -77.9% |
| Cash at bank and in hand | 54/58 | €114,747 | €212,629 | +€97,882 | +85.3% |
| Deferred charges and accrued income | 490/1 | €1,502 | €1,640 | +€138 | +9.2% |
| Total equity and liabilities | 10/49 | €266,942 | €327,742 | +€60,799 | +22.8% |
| Equity | 10/15 | €240,321 | €296,232 | +€55,912 | +23.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €226,601 | €282,512 | +€55,912 | +24.7% |
| Distributable reserves | 133 | €226,601 | €282,512 | +€55,912 | +24.7% |
| Profit (loss) carried forward | 14 | €7,520 | €7,520 | = | 0.0% |
| Amounts payable | 17/49 | €26,622 | €31,509 | +€4,887 | +18.4% |
| Amounts payable within one year | 42/48 | €26,122 | €30,744 | +€4,622 | +17.7% |
| Trade debts | 44 | €3,124 | €2,255 | -€869 | -27.8% |
| Suppliers | 440/4 | €3,124 | €2,255 | -€869 | -27.8% |
| Advances received on contracts in progress | 46 | €106 | €0 | -€106 | -100.0% |
| Taxes, remuneration and social security | 45 | €859 | €6,046 | +€5,187 | +603.6% |
| Taxes | 450/3 | €859 | €6,046 | +€5,187 | +603.6% |
| Other amounts payable | 47/48 | €22,032 | €22,443 | +€410 | +1.9% |
| Accrued charges and deferred income | 492/3 | €500 | €765 | +€265 | +53.0% |
| Non-recurring operating income | 76A | €10,000 | €0 | -€10,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,981 | €29,746 | +€765 | +2.6% |
| Other operating charges | 640/8 | €1,175 | €1,724 | +€549 | +46.8% |
| Non-recurring operating charges | 66A | €559 | €0 | -€559 | -100.0% |
| Gross operating margin | 9900 | €42,345 | €109,461 | +€67,115 | +158.5% |
| Operating profit (loss) | 9901 | €11,631 | €77,991 | +€66,360 | +570.6% |
| Financial income | 75/76B | €2 | €875 | +€873 | +45968.9% |
| Recurring financial income | 75 | €2 | €875 | +€873 | +45968.9% |
| Financial charges | 65/66B | €3,143 | €1,800 | -€1,344 | -42.7% |
| Recurring financial charges | 65 | €3,143 | €1,800 | -€1,344 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | €8,489 | €77,066 | +€68,577 | +807.8% |
| Income taxes | 67/77 | €969 | €21,154 | +€20,185 | +2082.5% |
| Profit (loss) for the period | 9904 | €7,520 | €55,912 | +€48,392 | +643.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,520 | €55,912 | +€48,392 | +643.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.