KOCKEN: 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.
KOCKEN
Largest movements
- Receivables within one year +€119,061
up €119,061 (+114%), from €104,255 to €223,315
of which Trade receivables: +€95,039
- Cash +€116,861
up €116,861 (+44.0%), from €265,300 to €382,161
mainly Current investments (+€100,000) and Net result for the year (+€65,179)
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Tangible fixed assets -€11,583
down €11,583 (-23.5%), from €49,207 to €37,624
of which Furniture and vehicles: -€10,530
- Other debts +€45,154
up €45,154 (+42.9%), from €105,266 to €150,420
- Trade debts +€36,115
up €36,115 (+163%), from €22,099 to €58,214
- Reserves +€19,975
up €19,975 (+5.0%), from €402,591 to €422,566
- Tax, wage and social debts +€17,310
up €17,310 (+186%), from €9,292 to €26,601
of which Taxes: +€9,617
- Gross operating margin +€57,912
up €57,912 (+23.5%), from €246,695 to €304,606
- Staff costs +€33,402
up €33,402 (+20.1%), from €166,008 to €199,411
- Financial income +€3,169
up €3,169 (+513%), from €617 to €3,786
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 | €557,840 | €676,394 | +€118,553 | +21.3% |
| Fixed assets | 21/28 | €49,207 | €37,624 | -€11,583 | -23.5% |
| Tangible fixed assets | 22/27 | €49,207 | €37,624 | -€11,583 | -23.5% |
| Plant, machinery and equipment | 23 | €3,101 | €2,048 | -€1,053 | -34.0% |
| Furniture and vehicles | 24 | €46,106 | €35,575 | -€10,530 | -22.8% |
| Current assets | 29/58 | €508,633 | €638,770 | +€130,137 | +25.6% |
| Stocks and contracts in progress | 3 | €39,078 | €33,294 | -€5,785 | -14.8% |
| Stocks | 30/36 | €39,078 | €33,294 | -€5,785 | -14.8% |
| Amounts receivable within one year | 40/41 | €104,255 | €223,315 | +€119,061 | +114% |
| Trade receivables | 40 | €66,193 | €161,232 | +€95,039 | +144% |
| Other amounts receivable | 41 | €38,061 | €62,083 | +€24,022 | +63.1% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €265,300 | €382,161 | +€116,861 | +44.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €557,840 | €676,394 | +€118,553 | +21.3% |
| Equity | 10/15 | €421,183 | €441,158 | +€19,975 | +4.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €402,591 | €422,566 | +€19,975 | +5.0% |
| Distributable reserves | 133 | €402,591 | €422,566 | +€19,975 | +5.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €136,657 | €235,235 | +€98,579 | +72.1% |
| Amounts payable within one year | 42/48 | €136,657 | €235,235 | +€98,579 | +72.1% |
| Trade debts | 44 | €22,099 | €58,214 | +€36,115 | +163% |
| Suppliers | 440/4 | €22,099 | €58,214 | +€36,115 | +163% |
| Taxes, remuneration and social security | 45 | €9,292 | €26,601 | +€17,310 | +186% |
| Taxes | 450/3 | €3,997 | €13,614 | +€9,617 | +241% |
| Remuneration and social security | 454/9 | €5,295 | €12,987 | +€7,692 | +145% |
| Other amounts payable | 47/48 | €105,266 | €150,420 | +€45,154 | +42.9% |
| Remuneration, social security and pensions | 62 | €166,008 | €199,411 | +€33,402 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,281 | €17,036 | +€756 | +4.6% |
| Other operating charges | 640/8 | €5,560 | €5,060 | -€501 | -9.0% |
| Gross operating margin | 9900 | €246,695 | €304,606 | +€57,912 | +23.5% |
| Operating profit (loss) | 9901 | €58,845 | €83,100 | +€24,254 | +41.2% |
| Financial income | 75/76B | €617 | €3,786 | +€3,169 | +513% |
| Recurring financial income | 75 | €617 | €3,786 | +€3,169 | +513% |
| Financial charges | 65/66B | €205 | €1,682 | +€1,477 | +720% |
| Recurring financial charges | 65 | €205 | €1,682 | +€1,477 | +720% |
| Profit (loss) for the period before taxes | 9903 | €59,258 | €85,204 | +€25,947 | +43.8% |
| Income taxes | 67/77 | €20,004 | €20,025 | +€21 | +0.1% |
| Profit (loss) for the period | 9904 | €39,254 | €65,179 | +€25,925 | +66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,254 | €65,179 | +€25,925 | +66.0% |
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 26 October 2026 via checked.be.