KOCKADO: 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.
KOCKADO
Largest movements
- Receivables within one year +€44,312
up €44,312 (+495.3%), from €8,947 to €53,259
of which Other amounts receivable: +€44,608
- Current investments +€30,000
up €30,000 (+15.8%), from €190,000 to €220,000
- Cash -€15,640
down €15,640 (-20.4%), from €76,693 to €61,053
mainly Contributions, distributions and other (-€70,000) and Receivables within one year (-€44,312)
- Tangible fixed assets -€14,051
down €14,051 (-5.7%), from €246,574 to €232,522
of which Land and buildings: -€25,251
- Other debts +€65,450
new in 2025: €65,450
- Reserves -€10,000
down €10,000 (-6.0%), from €165,860 to €155,860
- Trade debts -€6,616
down €6,616 (-7.7%), from €85,704 to €79,088
- Gross operating margin +€28,211
up €28,211 (+5.2%), from €542,666 to €570,877
- Staff costs +€15,824
up €15,824 (+3.8%), from €420,648 to €436,472
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 | €544,008 | €587,946 | +€43,938 | +8.1% |
| Fixed assets | 21/28 | €246,574 | €232,522 | -€14,051 | -5.7% |
| Tangible fixed assets | 22/27 | €246,574 | €232,522 | -€14,051 | -5.7% |
| Land and buildings | 22 | €213,143 | €187,892 | -€25,251 | -11.8% |
| Plant, machinery and equipment | 23 | €22,721 | €36,829 | +€14,107 | +62.1% |
| Furniture and vehicles | 24 | €10,710 | €7,801 | -€2,908 | -27.2% |
| Current assets | 29/58 | €297,434 | €355,423 | +€57,989 | +19.5% |
| Stocks and contracts in progress | 3 | €21,794 | €21,112 | -€682 | -3.1% |
| Stocks | 30/36 | €21,794 | €21,112 | -€682 | -3.1% |
| Amounts receivable within one year | 40/41 | €8,947 | €53,259 | +€44,312 | +495.3% |
| Trade receivables | 40 | €1,434 | €1,138 | -€296 | -20.6% |
| Other amounts receivable | 41 | €7,514 | €52,121 | +€44,608 | +593.7% |
| Current investments | 50/53 | €190,000 | €220,000 | +€30,000 | +15.8% |
| Cash at bank and in hand | 54/58 | €76,693 | €61,053 | -€15,640 | -20.4% |
| Total equity and liabilities | 10/49 | €544,008 | €587,946 | +€43,938 | +8.1% |
| Equity | 10/15 | €404,476 | €395,256 | -€9,220 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €165,860 | €155,860 | -€10,000 | -6.0% |
| Distributable reserves | 133 | €165,860 | €155,860 | -€10,000 | -6.0% |
| Profit (loss) carried forward | 14 | €220,016 | €220,796 | +€780 | +0.4% |
| Amounts payable | 17/49 | €139,532 | €192,690 | +€53,158 | +38.1% |
| Amounts payable within one year | 42/48 | €139,532 | €192,690 | +€53,158 | +38.1% |
| Trade debts | 44 | €85,704 | €79,088 | -€6,616 | -7.7% |
| Suppliers | 440/4 | €85,704 | €79,088 | -€6,616 | -7.7% |
| Taxes, remuneration and social security | 45 | €53,828 | €48,152 | -€5,676 | -10.5% |
| Taxes | 450/3 | €9,647 | €10,264 | +€618 | +6.4% |
| Remuneration and social security | 454/9 | €44,181 | €37,887 | -€6,294 | -14.2% |
| Other amounts payable | 47/48 | - | €65,450 | +€65,450 | |
| Remuneration, social security and pensions | 62 | €420,648 | €436,472 | +€15,824 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,877 | €36,111 | +€2,234 | +6.6% |
| Other operating charges | 640/8 | €6,003 | €3,182 | -€2,821 | -47.0% |
| Gross operating margin | 9900 | €542,666 | €570,877 | +€28,211 | +5.2% |
| Operating profit (loss) | 9901 | €82,139 | €95,112 | +€12,974 | +15.8% |
| Financial income | 75/76B | €5,613 | €6,734 | +€1,121 | +20.0% |
| Recurring financial income | 75 | €5,613 | €6,734 | +€1,121 | +20.0% |
| Financial charges | 65/66B | €14,147 | €12,945 | -€1,201 | -8.5% |
| Recurring financial charges | 65 | €14,147 | €12,945 | -€1,201 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €73,605 | €88,901 | +€15,296 | +20.8% |
| Income taxes | 67/77 | €23,185 | €28,121 | +€4,936 | +21.3% |
| Profit (loss) for the period | 9904 | €50,420 | €60,780 | +€10,360 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,420 | €60,780 | +€10,360 | +20.5% |
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.