KOALECT: 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.
KOALECT
Largest movements
- Receivables within one year +€117,418
up €117,418 (+20.7%), from €567,509 to €684,927
of which Trade receivables: +€117,414
- Intangible fixed assets +€51,360
up €51,360 (+8.5%), from €607,491 to €658,851
- Debts after one year -€131,505
down €131,505 (-39.4%), from €333,422 to €201,917
- Other debts +€100,000
new in 2025: €100,000
- Accrued charges and deferred income +€92,261
up €92,261 (+24.9%), from €371,059 to €463,319
- Tax, wage and social debts +€68,367
up €68,367 (+76.0%), from €89,945 to €158,311
of which Taxes: +€40,025
- Trade debts +€42,283
up €42,283 (+47.1%), from €89,701 to €131,985
- Gross operating margin +€171,354
up €171,354 (+26.4%), from €649,182 to €820,536
- Staff costs +€82,244
up €82,244 (+24.5%), from €335,521 to €417,765
- Financial charges +€50,332
up €50,332 (+41.5%), from €121,220 to €171,552
- Depreciation +€47,865
up €47,865 (+25.0%), from €191,491 to €239,356
- Other operating charges +€9,972
up €9,972 (+373.6%), from €2,669 to €12,640
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 | €1,300,914 | €1,451,396 | +€150,482 | +11.6% |
| Fixed assets | 21/28 | €624,299 | €663,343 | +€39,045 | +6.3% |
| Intangible fixed assets | 21 | €607,491 | €658,851 | +€51,360 | +8.5% |
| Tangible fixed assets | 22/27 | €12,408 | €3,992 | -€8,416 | -67.8% |
| Furniture and vehicles | 24 | €10,528 | €3,703 | -€6,825 | -64.8% |
| Leasing and similar rights | 25 | €1,533 | - | -€1,533 | |
| Other tangible fixed assets | 26 | €347 | €289 | -€58 | -16.7% |
| Financial fixed assets | 28 | €4,400 | €500 | -€3,900 | -88.6% |
| Current assets | 29/58 | €676,616 | €788,053 | +€111,437 | +16.5% |
| Amounts receivable within one year | 40/41 | €567,509 | €684,927 | +€117,418 | +20.7% |
| Trade receivables | 40 | €567,509 | €684,923 | +€117,414 | +20.7% |
| Other amounts receivable | 41 | - | €4 | +€4 | |
| Cash at bank and in hand | 54/58 | €99,877 | €96,511 | -€3,366 | -3.4% |
| Deferred charges and accrued income | 490/1 | €9,230 | €6,615 | -€2,615 | -28.3% |
| Total equity and liabilities | 10/49 | €1,300,914 | €1,451,396 | +€150,482 | +11.6% |
| Equity | 10/15 | €283,003 | €261,285 | -€21,718 | -7.7% |
| Contributions | 10/11 | €483,651 | €483,651 | = | 0.0% |
| Capital | 10 | €483,651 | €483,651 | = | 0.0% |
| Issued capital | 100 | €483,651 | €483,651 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€200,648 | -€222,366 | -€21,718 | -10.8% |
| Amounts payable | 17/49 | €1,017,911 | €1,190,111 | +€172,200 | +16.9% |
| Amounts payable after more than one year | 17 | €333,422 | €201,917 | -€131,505 | -39.4% |
| Financial debts | 170/4 | €333,422 | €201,917 | -€131,505 | -39.4% |
| Amounts payable within one year | 42/48 | €313,430 | €524,875 | +€211,445 | +67.5% |
| Current portion of amounts payable after more than one year | 42 | €133,784 | €134,579 | +€795 | +0.6% |
| Trade debts | 44 | €89,701 | €131,985 | +€42,283 | +47.1% |
| Suppliers | 440/4 | €89,701 | €131,985 | +€42,283 | +47.1% |
| Taxes, remuneration and social security | 45 | €89,945 | €158,311 | +€68,367 | +76.0% |
| Taxes | 450/3 | €53,564 | €93,589 | +€40,025 | +74.7% |
| Remuneration and social security | 454/9 | €36,381 | €64,723 | +€28,341 | +77.9% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | €371,059 | €463,319 | +€92,261 | +24.9% |
| Non-recurring operating income | 76A | €1,253 | €2,565 | +€1,312 | +104.7% |
| Remuneration, social security and pensions | 62 | €335,521 | €417,765 | +€82,244 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,491 | €239,356 | +€47,865 | +25.0% |
| Other operating charges | 640/8 | €2,669 | €12,640 | +€9,972 | +373.6% |
| Gross operating margin | 9900 | €649,182 | €820,536 | +€171,354 | +26.4% |
| Operating profit (loss) | 9901 | €119,501 | €150,774 | +€31,273 | +26.2% |
| Financial income | 75/76B | €3,157 | €33 | -€3,124 | -99.0% |
| Recurring financial income | 75 | €3,157 | €33 | -€3,124 | -99.0% |
| Financial charges | 65/66B | €121,220 | €171,552 | +€50,332 | +41.5% |
| Recurring financial charges | 65 | €121,220 | €171,552 | +€50,332 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | €1,437 | -€20,745 | -€22,182 | |
| Income taxes | 67/77 | €931 | €973 | +€41 | +4.4% |
| Profit (loss) for the period | 9904 | €506 | -€21,718 | -€22,224 | |
| Profit (loss) for the period to be appropriated | 9905 | €506 | -€21,718 | -€22,224 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.