KOCH-GLITSCH: 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.
KOCH-GLITSCH
Largest movements
- Receivables within one year -€103,718
down €103,718 (-31.0%), from €335,069 to €231,351
of which Trade receivables: -€99,250
- Trade debts -€96,871
down €96,871 (-69.4%), from €139,646 to €42,775
- Profit (loss) carried forward +€70,437
up €70,437 (+0.1%), from -€64.6m to -€64.5m
- Tax, wage and social debts -€51,774
down €51,774 (-35.3%), from €146,859 to €95,084
of which Remuneration and social security: -€51,774
- Turnover -€161,976
down €161,976 (-14.1%), from €1.1m to €983,660
- Services and other goods -€108,656
down €108,656 (-45.2%), from €240,170 to €131,515
- Staff costs -€60,290
down €60,290 (-7.5%), from €807,221 to €746,931
- Other operating charges +€19,786
up €19,786 (+177%), from €11,158 to €30,944
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 | €4,176,912 | €4,098,704 | -€78,209 | -1.9% |
| Fixed assets | 21/28 | €2,385,659 | €2,376,477 | -€9,182 | -0.4% |
| Tangible fixed assets | 22/27 | €10,179 | €997 | -€9,182 | -90.2% |
| Furniture and vehicles | 24 | €10,179 | €997 | -€9,182 | -90.2% |
| Financial fixed assets | 28 | €2,375,480 | €2,375,480 | = | 0.0% |
| Affiliated companies | 280/1 | €2,375,480 | €2,375,480 | = | 0.0% |
| Participating interests | 280 | €2,375,480 | €2,375,480 | = | 0.0% |
| Current assets | 29/58 | €1,791,253 | €1,722,227 | -€69,027 | -3.9% |
| Amounts receivable within one year | 40/41 | €335,069 | €231,351 | -€103,718 | -31.0% |
| Trade receivables | 40 | €329,470 | €230,220 | -€99,250 | -30.1% |
| Other amounts receivable | 41 | €5,600 | €1,131 | -€4,469 | -79.8% |
| Cash at bank and in hand | 54/58 | €1,454,773 | €1,490,876 | +€36,103 | +2.5% |
| Deferred charges and accrued income | 490/1 | €1,411 | - | -€1,411 | |
| Total equity and liabilities | 10/49 | €4,176,912 | €4,098,704 | -€78,209 | -1.9% |
| Equity | 10/15 | €3,890,408 | €3,960,845 | +€70,437 | +1.8% |
| Contributions | 10/11 | €58,578,795 | €58,578,795 | = | 0.0% |
| Reserves | 13 | €9,895,872 | €9,895,872 | = | 0.0% |
| Non-distributable reserves | 130/1 | €676,129 | €676,129 | = | 0.0% |
| Reserves not available under the articles | 1311 | €676,129 | €676,129 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,219,743 | €9,219,743 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,584,258 | -€64,513,822 | +€70,437 | +0.1% |
| Amounts payable | 17/49 | €286,504 | €137,859 | -€148,645 | -51.9% |
| Amounts payable within one year | 42/48 | €286,504 | €137,859 | -€148,645 | -51.9% |
| Trade debts | 44 | €139,646 | €42,775 | -€96,871 | -69.4% |
| Suppliers | 440/4 | €139,646 | €42,775 | -€96,871 | -69.4% |
| Taxes, remuneration and social security | 45 | €146,859 | €95,084 | -€51,774 | -35.3% |
| Taxes | 450/3 | €1,500 | €1,500 | = | 0.0% |
| Remuneration and social security | 454/9 | €145,359 | €93,584 | -€51,774 | -35.6% |
| Operating income | 70/76A | €1,145,636 | €983,660 | -€161,976 | -14.1% |
| Turnover | 70 | €1,145,636 | €983,660 | -€161,976 | -14.1% |
| Operating charges | 60/66A | €1,067,713 | €915,964 | -€151,749 | -14.2% |
| Services and other goods | 61 | €240,170 | €131,515 | -€108,656 | -45.2% |
| Remuneration, social security and pensions | 62 | €807,221 | €746,931 | -€60,290 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,165 | €6,575 | -€2,590 | -28.3% |
| Other operating charges | 640/8 | €11,158 | €30,944 | +€19,786 | +177% |
| Operating profit (loss) | 9901 | €77,922 | €67,696 | -€10,226 | -13.1% |
| Financial income | 75/76B | - | €5,386 | +€5,386 | |
| Recurring financial income | 75 | - | €5,386 | +€5,386 | |
| Other financial income | 752/9 | - | €5,386 | +€5,386 | |
| Financial charges | 65/66B | €1,953 | €1,146 | -€807 | -41.3% |
| Recurring financial charges | 65 | €1,953 | €1,146 | -€807 | -41.3% |
| Other financial charges | 652/9 | €1,953 | €1,146 | -€807 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €75,969 | €71,937 | -€4,033 | -5.3% |
| Income taxes | 67/77 | €1,500 | €1,500 | = | 0.0% |
| Taxes | 670/3 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) for the period | 9904 | €74,469 | €70,437 | -€4,033 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,469 | €70,437 | -€4,033 | -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 16 October 2026 via checked.be.