KOC ELECT: 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 ELECT
Largest movements
- Cash -€38,396
down €38,396 (-99.5%), from €38,604 to €209
mainly Advances received (-€17,126) and Receivables within one year (-€15,852)
- Receivables within one year +€15,852
up €15,852 (+110%), from €14,418 to €30,270
of which Trade receivables: +€9,647
- Tangible fixed assets -€3,231
down €3,231 (-27.6%), from €11,719 to €8,487
- Advances received -€17,126
no longer reported in 2024 (was €17,126)
- Trade debts -€4,979
down €4,979 (-65.5%), from €7,607 to €2,628
- Tax, wage and social debts -€2,925
down €2,925 (-38.9%), from €7,516 to €4,591
of which Taxes: -€3,244
- Accrued charges and deferred income -€1,350
no longer reported in 2024 (was €1,350)
- Profit (loss) carried forward +€971
up €971 (+3.3%), from €29,642 to €30,613
- Gross operating margin -€17,188
down €17,188 (-72.5%), from €23,703 to €6,515
- Taxes -€3,779
down €3,779 (-94.0%), from €4,021 to €243
- Depreciation +€1,494
up €1,494 (+49.4%), from €3,023 to €4,518
- Financial income +€920
up €920 (+304%), from €302 to €1,223
- Staff costs +€492
new in 2024: €492
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,741 | €39,332 | -€25,409 | -39.2% |
| Fixed assets | 21/28 | €11,719 | €8,487 | -€3,231 | -27.6% |
| Tangible fixed assets | 22/27 | €11,719 | €8,487 | -€3,231 | -27.6% |
| Furniture and vehicles | 24 | €11,719 | €8,487 | -€3,231 | -27.6% |
| Current assets | 29/58 | €53,022 | €30,845 | -€22,177 | -41.8% |
| Amounts receivable within one year | 40/41 | €14,418 | €30,270 | +€15,852 | +110% |
| Trade receivables | 40 | - | €9,647 | +€9,647 | |
| Other amounts receivable | 41 | €14,418 | €20,623 | +€6,205 | +43.0% |
| Cash at bank and in hand | 54/58 | €38,604 | €209 | -€38,396 | -99.5% |
| Deferred charges and accrued income | 490/1 | - | €366 | +€366 | |
| Total equity and liabilities | 10/49 | €64,741 | €39,332 | -€25,409 | -39.2% |
| Equity | 10/15 | €31,142 | €32,113 | +€971 | +3.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,642 | €30,613 | +€971 | +3.3% |
| Amounts payable | 17/49 | €33,599 | €7,219 | -€26,380 | -78.5% |
| Amounts payable within one year | 42/48 | €32,249 | €7,219 | -€25,030 | -77.6% |
| Trade debts | 44 | €7,607 | €2,628 | -€4,979 | -65.5% |
| Suppliers | 440/4 | €7,607 | €2,628 | -€4,979 | -65.5% |
| Advances received on contracts in progress | 46 | €17,126 | - | -€17,126 | |
| Taxes, remuneration and social security | 45 | €7,516 | €4,591 | -€2,925 | -38.9% |
| Taxes | 450/3 | €7,516 | €4,272 | -€3,244 | -43.2% |
| Remuneration and social security | 454/9 | - | €318 | +€318 | |
| Accrued charges and deferred income | 492/3 | €1,350 | - | -€1,350 | |
| Remuneration, social security and pensions | 62 | - | €492 | +€492 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,023 | €4,518 | +€1,494 | +49.4% |
| Other operating charges | 640/8 | €994 | €866 | -€127 | -12.8% |
| Gross operating margin | 9900 | €23,703 | €6,515 | -€17,188 | -72.5% |
| Operating profit (loss) | 9901 | €19,686 | €638 | -€19,047 | -96.8% |
| Financial income | 75/76B | €302 | €1,223 | +€920 | +304% |
| Recurring financial income | 75 | €302 | €1,223 | +€920 | +304% |
| Financial charges | 65/66B | €226 | €647 | +€421 | +187% |
| Recurring financial charges | 65 | €226 | €647 | +€421 | +187% |
| Profit (loss) for the period before taxes | 9903 | €19,762 | €1,214 | -€18,548 | -93.9% |
| Income taxes | 67/77 | €4,021 | €243 | -€3,779 | -94.0% |
| Profit (loss) for the period | 9904 | €15,741 | €971 | -€14,770 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,741 | €971 | -€14,770 | -93.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.