Kockepi: 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.
Kockepi
Largest movements
- Current investments +€40,000
new in 2025: €40,000
- Cash -€25,960
down €25,960 (-80.2%), from €32,374 to €6,414
mainly Current investments (-€40,000) and Receivables within one year (-€13,483)
- Receivables within one year +€13,483
up €13,483 (+185%), from €7,306 to €20,789
of which Trade receivables: +€12,239
- Tangible fixed assets -€1,090
down €1,090 (-55.8%), from €1,952 to €862
of which Plant, machinery and equipment: -€662
- Deferred charges and accrued income -€882
down €882 (-17.8%), from €4,958 to €4,076
- Reserves +€28,353
up €28,353 (+69.8%), from €40,591 to €68,944
- Tax, wage and social debts -€2,897
down €2,897 (-74.9%), from €3,869 to €972
- Gross operating margin +€5,134
up €5,134 (+14.3%), from €35,964 to €41,098
- Taxes +€1,321
up €1,321 (+13.2%), from €10,015 to €11,336
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 | €46,590 | €72,141 | +€25,551 | +54.8% |
| Fixed assets | 21/28 | €1,952 | €862 | -€1,090 | -55.8% |
| Tangible fixed assets | 22/27 | €1,952 | €862 | -€1,090 | -55.8% |
| Plant, machinery and equipment | 23 | €1,307 | €645 | -€662 | -50.7% |
| Furniture and vehicles | 24 | €646 | €218 | -€428 | -66.3% |
| Current assets | 29/58 | €44,638 | €71,279 | +€26,641 | +59.7% |
| Amounts receivable within one year | 40/41 | €7,306 | €20,789 | +€13,483 | +185% |
| Trade receivables | 40 | €7,135 | €19,374 | +€12,239 | +172% |
| Other amounts receivable | 41 | €170 | €1,415 | +€1,244 | +730% |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €32,374 | €6,414 | -€25,960 | -80.2% |
| Deferred charges and accrued income | 490/1 | €4,958 | €4,076 | -€882 | -17.8% |
| Total equity and liabilities | 10/49 | €46,590 | €72,141 | +€25,551 | +54.8% |
| Equity | 10/15 | €42,091 | €70,444 | +€28,353 | +67.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €40,591 | €68,944 | +€28,353 | +69.8% |
| Distributable reserves | 133 | €40,591 | €68,944 | +€28,353 | +69.8% |
| Amounts payable | 17/49 | €4,499 | €1,697 | -€2,802 | -62.3% |
| Amounts payable within one year | 42/48 | €4,499 | €1,697 | -€2,802 | -62.3% |
| Trade debts | 44 | €630 | €665 | +€35 | +5.6% |
| Suppliers | 440/4 | €630 | €665 | +€35 | +5.6% |
| Taxes, remuneration and social security | 45 | €3,869 | €972 | -€2,897 | -74.9% |
| Taxes | 450/3 | €3,869 | €972 | -€2,897 | -74.9% |
| Other amounts payable | 47/48 | - | €60 | +€60 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,231 | €1,090 | -€141 | -11.5% |
| Other operating charges | 640/8 | €271 | €278 | +€7 | +2.6% |
| Gross operating margin | 9900 | €35,964 | €41,098 | +€5,134 | +14.3% |
| Operating profit (loss) | 9901 | €34,462 | €39,729 | +€5,268 | +15.3% |
| Financial charges | 65/66B | €44 | €40 | -€4 | -8.9% |
| Recurring financial charges | 65 | €44 | €40 | -€4 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €34,417 | €39,689 | +€5,272 | +15.3% |
| Income taxes | 67/77 | €10,015 | €11,336 | +€1,321 | +13.2% |
| Profit (loss) for the period | 9904 | €24,402 | €28,353 | +€3,951 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,402 | €28,353 | +€3,951 | +16.2% |
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.