KOC CONSULT: 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.
KOC CONSULT
Largest movements
- Tangible fixed assets +€30,988
up €30,988 (+31.5%), from €98,246 to €129,235
of which Furniture and vehicles: +€28,990
- Receivables within one year +€19,090
up €19,090 (+16.8%), from €113,383 to €132,473
of which Other amounts receivable: +€50,919
- Cash +€3,906
up €3,906 (+65.3%), from €5,984 to €9,890
mainly Tax, wage and social debts (+€44,701) and Depreciation (+€17,158)
- Tax, wage and social debts +€44,701
up €44,701 (+154.8%), from €28,881 to €73,582
- Trade debts -€14,659
down €14,659 (-83.7%), from €17,508 to €2,849
- Debts after one year +€13,004
up €13,004 (+19.3%), from €67,376 to €80,380
- Profit (loss) carried forward +€9,030
up €9,030 (+20.0%), from €45,107 to €54,137
- Depreciation -€14,500
down €14,500 (-45.8%), from €31,658 to €17,158
- Write-downs +€10,413
up €10,413 (+126.1%), from €8,258 to €18,672
- Gross operating margin -€6,343
down €6,343 (-9.0%), from €70,161 to €63,817
- Other operating charges -€2,745
down €2,745 (-47.5%), from €5,785 to €3,040
- Financial charges +€1,684
up €1,684 (+13.8%), from €12,166 to €13,850
of which Financial charges: +€5,840
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 | €217,913 | €271,898 | +€53,985 | +24.8% |
| Fixed assets | 21/28 | €98,546 | €129,535 | +€30,988 | +31.4% |
| Tangible fixed assets | 22/27 | €98,246 | €129,235 | +€30,988 | +31.5% |
| Plant, machinery and equipment | 23 | €31,100 | €33,099 | +€1,999 | +6.4% |
| Furniture and vehicles | 24 | €67,146 | €96,136 | +€28,990 | +43.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €119,366 | €142,363 | +€22,996 | +19.3% |
| Amounts receivable within one year | 40/41 | €113,383 | €132,473 | +€19,090 | +16.8% |
| Trade receivables | 40 | €92,149 | €60,321 | -€31,829 | -34.5% |
| Other amounts receivable | 41 | €21,233 | €72,152 | +€50,919 | +239.8% |
| Cash at bank and in hand | 54/58 | €5,984 | €9,890 | +€3,906 | +65.3% |
| Total equity and liabilities | 10/49 | €217,913 | €271,898 | +€53,985 | +24.8% |
| Equity | 10/15 | €78,067 | €87,097 | +€9,030 | +11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,360 | €14,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,107 | €54,137 | +€9,030 | +20.0% |
| Amounts payable | 17/49 | €139,846 | €184,801 | +€44,955 | +32.1% |
| Amounts payable after more than one year | 17 | €67,376 | €80,380 | +€13,004 | +19.3% |
| Financial debts | 170/4 | €67,376 | €80,380 | +€13,004 | +19.3% |
| Amounts payable within one year | 42/48 | €72,470 | €104,421 | +€31,952 | +44.1% |
| Current portion of amounts payable after more than one year | 42 | €26,081 | €27,991 | +€1,910 | +7.3% |
| Trade debts | 44 | €17,508 | €2,849 | -€14,659 | -83.7% |
| Suppliers | 440/4 | €17,508 | €2,849 | -€14,659 | -83.7% |
| Taxes, remuneration and social security | 45 | €28,881 | €73,582 | +€44,701 | +154.8% |
| Taxes | 450/3 | €28,881 | €73,582 | +€44,701 | +154.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,658 | €17,158 | -€14,500 | -45.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,258 | €18,672 | +€10,413 | +126.1% |
| Other operating charges | 640/8 | €5,785 | €3,040 | -€2,745 | -47.5% |
| Gross operating margin | 9900 | €70,161 | €63,817 | -€6,343 | -9.0% |
| Operating profit (loss) | 9901 | €24,460 | €24,948 | +€488 | +2.0% |
| Financial income | 75/76B | €1,434 | €2,530 | +€1,096 | +76.4% |
| Recurring financial income | 75 | €1,434 | €2,530 | +€1,096 | +76.4% |
| Financial charges | 65/66B | €12,166 | €13,850 | +€1,684 | +13.8% |
| Recurring financial charges | 65 | €8,009 | €13,850 | +€5,840 | +72.9% |
| Non-recurring financial charges | 66B | €4,156 | - | -€4,156 | |
| Profit (loss) for the period before taxes | 9903 | €13,728 | €13,628 | -€100 | -0.7% |
| Income taxes | 67/77 | €5,160 | €4,599 | -€562 | -10.9% |
| Profit (loss) for the period | 9904 | €8,568 | €9,030 | +€462 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,568 | €9,030 | +€462 | +5.4% |
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 10 October 2026 via checked.be.