KOAL 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.
KOAL GROUP
Largest movements
- Receivables within one year -€11,183
down €11,183 (-12.7%), from €87,853 to €76,670
of which Trade receivables: -€19,621
- Cash -€6,496
down €6,496 (-61.2%), from €10,619 to €4,122
mainly Trade debts (-€22,373) and Tax, wage and social debts (-€2,810)
- Tangible fixed assets -€4,516
down €4,516 (-44.9%), from €10,057 to €5,541
of which Furniture and vehicles: -€5,622
- Trade debts -€22,373
down €22,373 (-100%), from €22,373 to €0
- Profit (loss) carried forward +€2,988
up €2,988 (+2.6%), from €114,502 to €117,490
- Tax, wage and social debts -€2,810
down €2,810 (-9.9%), from €28,453 to €25,643
of which Taxes: -€3,345
- Staff costs -€50,077
down €50,077 (-21.5%), from €232,680 to €182,603
- Other operating charges +€21,053
up €21,053 (+767%), from €2,745 to €23,799
- Gross operating margin -€20,092
down €20,092 (-7.9%), from €254,015 to €233,923
- Taxes +€16,006
up €16,006 (+396%), from €4,046 to €20,052
- Depreciation -€7,260
down €7,260 (-68.9%), from €10,532 to €3,272
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 | €185,789 | €163,593 | -€22,195 | -11.9% |
| Fixed assets | 21/28 | €12,317 | €7,801 | -€4,516 | -36.7% |
| Tangible fixed assets | 22/27 | €10,057 | €5,541 | -€4,516 | -44.9% |
| Land and buildings | 22 | €300 | €0 | -€300 | -100% |
| Plant, machinery and equipment | 23 | €0 | €1,406 | +€1,406 | |
| Furniture and vehicles | 24 | €9,757 | €4,135 | -€5,622 | -57.6% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €2,260 | €2,260 | = | 0.0% |
| Current assets | 29/58 | €173,472 | €155,792 | -€17,680 | -10.2% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Trade receivables | 290 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €87,853 | €76,670 | -€11,183 | -12.7% |
| Trade receivables | 40 | €55,828 | €36,207 | -€19,621 | -35.1% |
| Other amounts receivable | 41 | €32,025 | €40,463 | +€8,438 | +26.3% |
| Cash at bank and in hand | 54/58 | €10,619 | €4,122 | -€6,496 | -61.2% |
| Total equity and liabilities | 10/49 | €185,789 | €163,593 | -€22,195 | -11.9% |
| Equity | 10/15 | €134,962 | €137,950 | +€2,988 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,502 | €117,490 | +€2,988 | +2.6% |
| Amounts payable | 17/49 | €50,826 | €25,643 | -€25,183 | -49.5% |
| Amounts payable within one year | 42/48 | €50,826 | €25,643 | -€25,183 | -49.5% |
| Trade debts | 44 | €22,373 | €0 | -€22,373 | -100% |
| Suppliers | 440/4 | €22,373 | €0 | -€22,373 | -100% |
| Taxes, remuneration and social security | 45 | €28,453 | €25,643 | -€2,810 | -9.9% |
| Taxes | 450/3 | €24,202 | €20,857 | -€3,345 | -13.8% |
| Remuneration and social security | 454/9 | €4,252 | €4,786 | +€535 | +12.6% |
| Non-recurring operating income | 76A | €200 | €4,478 | +€4,278 | +2,139% |
| Remuneration, social security and pensions | 62 | €232,680 | €182,603 | -€50,077 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,532 | €3,272 | -€7,260 | -68.9% |
| Other operating charges | 640/8 | €2,745 | €23,799 | +€21,053 | +767% |
| Gross operating margin | 9900 | €254,015 | €233,923 | -€20,092 | -7.9% |
| Operating profit (loss) | 9901 | €8,059 | €24,250 | +€16,191 | +201% |
| Financial income | 75/76B | €37 | €12 | -€25 | -68.8% |
| Recurring financial income | 75 | €37 | €12 | -€25 | -68.8% |
| Financial charges | 65/66B | €469 | €1,221 | +€752 | +160% |
| Recurring financial charges | 65 | €469 | €1,221 | +€752 | +160% |
| Profit (loss) for the period before taxes | 9903 | €7,627 | €23,040 | +€15,413 | +202% |
| Income taxes | 67/77 | €4,046 | €20,052 | +€16,006 | +396% |
| Profit (loss) for the period | 9904 | €3,581 | €2,988 | -€593 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,581 | €2,988 | -€593 | -16.6% |
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 25 October 2026 via checked.be.