KOA: 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.
KOA
Largest movements
- Receivables within one year +€4,844
up €4,844 (+76.6%), from €6,328 to €11,171
of which Trade receivables: +€4,522
- Tangible fixed assets +€4,025
up €4,025 (+417%), from €966 to €4,991
of which Plant, machinery and equipment: +€3,038
- Cash -€1,246
down €1,246 (-2.5%), from €49,319 to €48,073
mainly Net result for the year (-€6,889) and Investment in fixed assets (net) (-€5,111)
- Other debts +€14,676
up €14,676 (+18.8%), from €78,244 to €92,920
- Profit (loss) carried forward -€6,889
down €6,889 (-11.6%), from -€59,644 to -€66,533
- Gross operating margin +€7,084
up €7,084 (+57.9%), from -€12,229 to -€5,145
- Depreciation -€2,352
down €2,352 (-68.4%), from €3,438 to €1,086
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 | €57,449 | €64,625 | +€7,176 | +12.5% |
| Fixed assets | 21/28 | €966 | €4,991 | +€4,025 | +417% |
| Tangible fixed assets | 22/27 | €966 | €4,991 | +€4,025 | +417% |
| Plant, machinery and equipment | 23 | €966 | €4,004 | +€3,038 | +314% |
| Furniture and vehicles | 24 | - | €987 | +€987 | |
| Current assets | 29/58 | €56,483 | €59,634 | +€3,152 | +5.6% |
| Amounts receivable within one year | 40/41 | €6,328 | €11,171 | +€4,844 | +76.6% |
| Trade receivables | 40 | €6,325 | €10,847 | +€4,522 | +71.5% |
| Other amounts receivable | 41 | €3 | €324 | +€321 | +12,176% |
| Cash at bank and in hand | 54/58 | €49,319 | €48,073 | -€1,246 | -2.5% |
| Deferred charges and accrued income | 490/1 | €836 | €390 | -€446 | -53.4% |
| Total equity and liabilities | 10/49 | €57,449 | €64,625 | +€7,176 | +12.5% |
| Equity | 10/15 | -€22,125 | -€29,014 | -€6,889 | -31.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €17,518 | €17,518 | = | 0.0% |
| Distributable reserves | 133 | €17,518 | €17,518 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,644 | -€66,533 | -€6,889 | -11.6% |
| Amounts payable | 17/49 | €79,574 | €93,640 | +€14,065 | +17.7% |
| Amounts payable within one year | 42/48 | €79,574 | €93,640 | +€14,065 | +17.7% |
| Trade debts | 44 | €774 | €719 | -€55 | -7.1% |
| Suppliers | 440/4 | €774 | €719 | -€55 | -7.1% |
| Taxes, remuneration and social security | 45 | €556 | - | -€556 | |
| Taxes | 450/3 | €556 | - | -€556 | |
| Other amounts payable | 47/48 | €78,244 | €92,920 | +€14,676 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,438 | €1,086 | -€2,352 | -68.4% |
| Other operating charges | 640/8 | €522 | €536 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€12,229 | -€5,145 | +€7,084 | +57.9% |
| Operating profit (loss) | 9901 | -€16,189 | -€6,767 | +€9,422 | +58.2% |
| Financial income | 75/76B | - | €71 | +€71 | |
| Recurring financial income | 75 | - | €71 | +€71 | |
| Financial charges | 65/66B | €169 | €193 | +€24 | +14.4% |
| Recurring financial charges | 65 | €169 | €193 | +€24 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,358 | -€6,889 | +€9,469 | +57.9% |
| Profit (loss) for the period | 9904 | -€16,358 | -€6,889 | +€9,469 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,358 | -€6,889 | +€9,469 | +57.9% |
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 15 October 2026 via checked.be.