KOC TRANS: 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 TRANS
Largest movements
- Cash -€19,924
down €19,924 (-29.8%), from €66,851 to €46,927
mainly Investment in fixed assets (net) (-€40,595) and Other debts (-€15,500)
- Receivables within one year +€10,848
up €10,848 (+6.9%), from €156,353 to €167,202
of which Trade receivables: +€18,411
- Deferred charges and accrued income -€8,762
no longer reported in 2025 (was €8,762)
- Tangible fixed assets +€7,143
up €7,143 (+7.3%), from €97,256 to €104,398
of which Furniture and vehicles: +€7,351
- Other debts -€15,500
down €15,500 (-56.4%), from €27,500 to €12,000
- Reserves +€6,500
up €6,500 (+15.2%), from €42,900 to €49,400
of which Distributable reserves: +€6,500
- Staff costs +€41,036
up €41,036 (+38.7%), from €105,933 to €146,969
- Gross operating margin +€18,985
up €18,985 (+10.0%), from €189,194 to €208,179
- Depreciation -€6,737
down €6,737 (-16.8%), from €40,189 to €33,452
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 | €419,767 | €409,072 | -€10,695 | -2.5% |
| Fixed assets | 21/28 | €97,801 | €104,943 | +€7,143 | +7.3% |
| Tangible fixed assets | 22/27 | €97,256 | €104,398 | +€7,143 | +7.3% |
| Plant, machinery and equipment | 23 | €615 | €407 | -€208 | -33.8% |
| Furniture and vehicles | 24 | €96,640 | €103,991 | +€7,351 | +7.6% |
| Financial fixed assets | 28 | €545 | €545 | = | 0.0% |
| Current assets | 29/58 | €321,966 | €304,128 | -€17,838 | -5.5% |
| Amounts receivable after more than one year | 29 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 291 | €90,000 | €90,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €156,353 | €167,202 | +€10,848 | +6.9% |
| Trade receivables | 40 | €143,210 | €161,622 | +€18,411 | +12.9% |
| Other amounts receivable | 41 | €13,143 | €5,580 | -€7,563 | -57.5% |
| Cash at bank and in hand | 54/58 | €66,851 | €46,927 | -€19,924 | -29.8% |
| Deferred charges and accrued income | 490/1 | €8,762 | - | -€8,762 | |
| Total equity and liabilities | 10/49 | €419,767 | €409,072 | -€10,695 | -2.5% |
| Equity | 10/15 | €188,296 | €194,933 | +€6,637 | +3.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €42,900 | €49,400 | +€6,500 | +15.2% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €41,000 | €47,500 | +€6,500 | +15.9% |
| Profit (loss) carried forward | 14 | €139,196 | €139,333 | +€137 | +0.1% |
| Amounts payable | 17/49 | €231,471 | €214,138 | -€17,332 | -7.5% |
| Amounts payable after more than one year | 17 | €64,987 | €61,615 | -€3,372 | -5.2% |
| Financial debts | 170/4 | €64,987 | €61,615 | -€3,372 | -5.2% |
| Amounts payable within one year | 42/48 | €166,483 | €152,523 | -€13,960 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €42,353 | €41,025 | -€1,327 | -3.1% |
| Trade debts | 44 | €59,296 | €61,675 | +€2,379 | +4.0% |
| Suppliers | 440/4 | €59,296 | €61,675 | +€2,379 | +4.0% |
| Taxes, remuneration and social security | 45 | €37,335 | €37,823 | +€488 | +1.3% |
| Taxes | 450/3 | €25,170 | €23,896 | -€1,274 | -5.1% |
| Remuneration and social security | 454/9 | €12,165 | €13,927 | +€1,762 | +14.5% |
| Other amounts payable | 47/48 | €27,500 | €12,000 | -€15,500 | -56.4% |
| Remuneration, social security and pensions | 62 | €105,933 | €146,969 | +€41,036 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,189 | €33,452 | -€6,737 | -16.8% |
| Other operating charges | 640/8 | €3,591 | €2,308 | -€1,283 | -35.7% |
| Gross operating margin | 9900 | €189,194 | €208,179 | +€18,985 | +10.0% |
| Operating profit (loss) | 9901 | €39,482 | €25,450 | -€14,032 | -35.5% |
| Financial income | 75/76B | €1,800 | €1,800 | -€0 | 0.0% |
| Recurring financial income | 75 | €1,800 | €1,800 | -€0 | 0.0% |
| Financial charges | 65/66B | €4,881 | €5,426 | +€545 | +11.2% |
| Recurring financial charges | 65 | €4,881 | €5,426 | +€545 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €36,401 | €21,824 | -€14,577 | -40.0% |
| Income taxes | 67/77 | €10,686 | €9,187 | -€1,499 | -14.0% |
| Profit (loss) for the period | 9904 | €25,716 | €12,637 | -€13,078 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,716 | €12,637 | -€13,078 | -50.9% |
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 18 October 2026 via checked.be.