KOCH: 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.
KOCH
Largest movements
- Current investments +€270,000
up €270,000 (+7079.6%), from €3,814 to €273,814
- Cash -€256,856
down €256,856 (-84.7%), from €303,277 to €46,420
mainly Current investments (-€270,000) and Debts after one year (-€11,032)
- Tangible fixed assets -€31,928
down €31,928 (-5.7%), from €558,603 to €526,675
of which Land and buildings: -€29,915
- Profit (loss) carried forward +€11,274
up €11,274 (+33.7%), from -€33,444 to -€22,170
- Debts after one year -€11,032
down €11,032 (-25.8%), from €42,733 to €31,701
- Reserves -€8,938
down €8,938 (-2.2%), from €412,353 to €403,416
of which Tax-exempt reserves: -€8,938
- Depreciation -€3,487
down €3,487 (-9.8%), from €35,415 to €31,928
- Gross operating margin +€2,681
up €2,681 (+7.5%), from €35,765 to €38,446
- Financial income +€1,186
up €1,186 (+115.6%), from €1,026 to €2,212
- Financial charges -€560
down €560 (-30.3%), from €1,846 to €1,286
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 | €868,694 | €849,609 | -€19,085 | -2.2% |
| Fixed assets | 21/28 | €558,603 | €526,675 | -€31,928 | -5.7% |
| Tangible fixed assets | 22/27 | €558,603 | €526,675 | -€31,928 | -5.7% |
| Land and buildings | 22 | €552,858 | €522,943 | -€29,915 | -5.4% |
| Furniture and vehicles | 24 | €4,291 | €2,763 | -€1,528 | -35.6% |
| Other tangible fixed assets | 26 | €1,453 | €969 | -€484 | -33.3% |
| Current assets | 29/58 | €310,091 | €322,934 | +€12,843 | +4.1% |
| Amounts receivable within one year | 40/41 | €79 | €419 | +€340 | +433.2% |
| Other amounts receivable | 41 | €79 | €419 | +€340 | +433.2% |
| Current investments | 50/53 | €3,814 | €273,814 | +€270,000 | +7079.6% |
| Cash at bank and in hand | 54/58 | €303,277 | €46,420 | -€256,856 | -84.7% |
| Deferred charges and accrued income | 490/1 | €2,922 | €2,281 | -€641 | -21.9% |
| Total equity and liabilities | 10/49 | €868,694 | €849,609 | -€19,085 | -2.2% |
| Equity | 10/15 | €391,315 | €393,651 | +€2,336 | +0.6% |
| Contributions | 10/11 | €12,405 | €12,405 | = | 0.0% |
| Reserves | 13 | €412,353 | €403,416 | -€8,938 | -2.2% |
| Tax-exempt reserves | 132 | €163,903 | €154,966 | -€8,938 | -5.5% |
| Distributable reserves | 133 | €248,450 | €248,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,444 | -€22,170 | +€11,274 | +33.7% |
| Provisions and deferred taxes | 16 | €68,848 | €65,094 | -€3,754 | -5.5% |
| Deferred taxes | 168 | €68,848 | €65,094 | -€3,754 | -5.5% |
| Amounts payable | 17/49 | €408,531 | €390,864 | -€17,667 | -4.3% |
| Amounts payable after more than one year | 17 | €42,733 | €31,701 | -€11,032 | -25.8% |
| Financial debts | 170/4 | €42,733 | €31,701 | -€11,032 | -25.8% |
| Amounts payable within one year | 42/48 | €365,797 | €359,163 | -€6,635 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €16,559 | €11,032 | -€5,527 | -33.4% |
| Financial debts | 43 | €635 | €635 | = | 0.0% |
| Credit institutions | 430/8 | €635 | €635 | = | 0.0% |
| Trade debts | 44 | €4,476 | €3,523 | -€954 | -21.3% |
| Suppliers | 440/4 | €4,476 | €3,523 | -€954 | -21.3% |
| Taxes, remuneration and social security | 45 | €235 | - | -€235 | |
| Taxes | 450/3 | €235 | - | -€235 | |
| Other amounts payable | 47/48 | €343,893 | €343,973 | +€81 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,415 | €31,928 | -€3,487 | -9.8% |
| Other operating charges | 640/8 | €8,655 | €8,617 | -€38 | -0.4% |
| Gross operating margin | 9900 | €35,765 | €38,446 | +€2,681 | +7.5% |
| Operating profit (loss) | 9901 | -€8,305 | -€2,099 | +€6,206 | +74.7% |
| Financial income | 75/76B | €1,026 | €2,212 | +€1,186 | +115.6% |
| Recurring financial income | 75 | €1,026 | €2,212 | +€1,186 | +115.6% |
| Financial charges | 65/66B | €1,846 | €1,286 | -€560 | -30.3% |
| Recurring financial charges | 65 | €1,846 | €1,286 | -€560 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,126 | -€1,173 | +€7,952 | +87.1% |
| Transfer from deferred taxes | 780 | €3,754 | €3,754 | = | 0.0% |
| Income taxes | 67/77 | €229 | €245 | +€15 | +6.7% |
| Profit (loss) for the period | 9904 | -€5,601 | €2,336 | +€7,937 | |
| Transfer from tax-exempt reserves | 789 | €8,938 | €8,938 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,337 | €11,274 | +€7,937 | +237.8% |
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 1 October 2026 via checked.be.