KOALA: 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.
KOALA
Largest movements
- Cash +€46,823
up €46,823 (+14.9%), from €313,456 to €360,280
mainly Net result for the year (+€36,755) and Trade debts (+€25,943)
- Reserves +€36,755
up €36,755 (+3.6%), from €1.0m to €1.1m
- Trade debts +€25,943
up €25,943 (+501.1%), from €5,177 to €31,120
- Gross operating margin -€12,433
down €12,433 (-16.4%), from €76,031 to €63,597
- Financial charges +€9,818
up €9,818, from -€7,903 to €1,915
- Other operating charges -€7,535
down €7,535 (-39.7%), from €18,965 to €11,430
- Taxes -€1,272
down €1,272 (-6.7%), from €19,094 to €17,822
- Depreciation -€810
down €810 (-7.1%), from €11,398 to €10,588
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 | €1,059,657 | €1,115,833 | +€56,175 | +5.3% |
| Fixed assets | 21/28 | €10,958 | €1,152 | -€9,806 | -89.5% |
| Tangible fixed assets | 22/27 | €10,958 | €1,152 | -€9,806 | -89.5% |
| Furniture and vehicles | 24 | €10,674 | €1,010 | -€9,664 | -90.5% |
| Other tangible fixed assets | 26 | €284 | €142 | -€142 | -50.0% |
| Current assets | 29/58 | €1,048,699 | €1,114,681 | +€65,982 | +6.3% |
| Amounts receivable within one year | 40/41 | €51,851 | €62,399 | +€10,547 | +20.3% |
| Trade receivables | 40 | €43,798 | €47,364 | +€3,566 | +8.1% |
| Other amounts receivable | 41 | €8,053 | €15,034 | +€6,981 | +86.7% |
| Current investments | 50/53 | €679,197 | €687,655 | +€8,459 | +1.2% |
| Cash at bank and in hand | 54/58 | €313,456 | €360,280 | +€46,823 | +14.9% |
| Deferred charges and accrued income | 490/1 | €4,195 | €4,348 | +€153 | +3.6% |
| Total equity and liabilities | 10/49 | €1,059,657 | €1,115,833 | +€56,175 | +5.3% |
| Equity | 10/15 | €1,041,416 | €1,078,171 | +€36,755 | +3.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,029,016 | €1,065,771 | +€36,755 | +3.6% |
| Distributable reserves | 133 | €1,029,016 | €1,065,771 | +€36,755 | +3.6% |
| Amounts payable | 17/49 | €18,241 | €37,662 | +€19,421 | +106.5% |
| Amounts payable within one year | 42/48 | €18,241 | €37,662 | +€19,421 | +106.5% |
| Financial debts | 43 | €2,072 | €1,376 | -€696 | -33.6% |
| Credit institutions | 430/8 | €2,072 | €1,376 | -€696 | -33.6% |
| Trade debts | 44 | €5,177 | €31,120 | +€25,943 | +501.1% |
| Suppliers | 440/4 | €5,177 | €31,120 | +€25,943 | +501.1% |
| Taxes, remuneration and social security | 45 | €10,992 | €5,166 | -€5,826 | -53.0% |
| Taxes | 450/3 | €10,992 | €5,166 | -€5,826 | -53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,398 | €10,588 | -€810 | -7.1% |
| Other operating charges | 640/8 | €18,965 | €11,430 | -€7,535 | -39.7% |
| Gross operating margin | 9900 | €76,031 | €63,597 | -€12,433 | -16.4% |
| Operating profit (loss) | 9901 | €45,668 | €41,580 | -€4,088 | -9.0% |
| Financial income | 75/76B | €14,111 | €14,912 | +€801 | +5.7% |
| Recurring financial income | 75 | €14,111 | €14,912 | +€801 | +5.7% |
| Financial charges | 65/66B | -€7,903 | €1,915 | +€9,818 | |
| Recurring financial charges | 65 | -€7,903 | €1,915 | +€9,818 | |
| Profit (loss) for the period before taxes | 9903 | €67,682 | €54,576 | -€13,105 | -19.4% |
| Income taxes | 67/77 | €19,094 | €17,822 | -€1,272 | -6.7% |
| Profit (loss) for the period | 9904 | €48,588 | €36,755 | -€11,833 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,588 | €36,755 | -€11,833 | -24.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.