KOCKX: 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.
KOCKX
Largest movements
- Tangible fixed assets -€21,379
down €21,379 (-49.6%), from €43,137 to €21,758
of which Leasing and similar rights: -€10,859
- Receivables within one year -€9,601
down €9,601 (-44.5%), from €21,564 to €11,963
of which Trade receivables: -€6,628
- Stocks and contracts -€9,230
down €9,230 (-11.6%), from €79,575 to €70,346
of which Contracts in progress: -€9,230
- Current portion of long-term debt -€16,815
down €16,815 (-100.0%), from €16,815 to €0
- Trade debts -€12,720
down €12,720 (-86.0%), from €14,793 to €2,073
- Profit (loss) carried forward -€10,207
down €10,207 (-27.5%), from -€37,136 to -€47,343
- Gross operating margin +€43,603
up €43,603 (+144.3%), from €30,227 to €73,829
- Taxes -€2,909
down €2,909 (-100.0%), from €2,909 to €0
- Financial charges +€2,384
up €2,384 (+119.7%), from €1,991 to €4,375
of which Non-recurring financial charges: +€3,066
- Staff costs +€1,023
up €1,023 (+1.6%), from €62,417 to €63,441
- Depreciation -€1,006
down €1,006 (-4.5%), from €22,385 to €21,379
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 | €520,302 | €477,954 | -€42,349 | -8.1% |
| Fixed assets | 21/28 | €43,137 | €21,758 | -€21,379 | -49.6% |
| Tangible fixed assets | 22/27 | €43,137 | €21,758 | -€21,379 | -49.6% |
| Plant, machinery and equipment | 23 | €20,726 | €14,165 | -€6,562 | -31.7% |
| Furniture and vehicles | 24 | €11,552 | €7,594 | -€3,958 | -34.3% |
| Leasing and similar rights | 25 | €10,859 | €0 | -€10,859 | -100.0% |
| Current assets | 29/58 | €477,165 | €456,195 | -€20,970 | -4.4% |
| Amounts receivable after more than one year | 29 | €283,700 | €283,700 | = | 0.0% |
| Other amounts receivable | 291 | €283,700 | €283,700 | = | 0.0% |
| Stocks and contracts in progress | 3 | €79,575 | €70,346 | -€9,230 | -11.6% |
| Stocks | 30/36 | €70,346 | €70,346 | = | 0.0% |
| Contracts in progress | 37 | €9,230 | €0 | -€9,230 | -100.0% |
| Amounts receivable within one year | 40/41 | €21,564 | €11,963 | -€9,601 | -44.5% |
| Trade receivables | 40 | €13,739 | €7,111 | -€6,628 | -48.2% |
| Other amounts receivable | 41 | €7,825 | €4,852 | -€2,973 | -38.0% |
| Cash at bank and in hand | 54/58 | €83,835 | €81,944 | -€1,891 | -2.3% |
| Deferred charges and accrued income | 490/1 | €8,491 | €8,242 | -€249 | -2.9% |
| Total equity and liabilities | 10/49 | €520,302 | €477,954 | -€42,349 | -8.1% |
| Equity | 10/15 | €476,205 | €465,998 | -€10,207 | -2.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €494,749 | €494,749 | = | 0.0% |
| Distributable reserves | 133 | €494,749 | €494,749 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,136 | -€47,343 | -€10,207 | -27.5% |
| Amounts payable | 17/49 | €44,097 | €11,955 | -€32,142 | -72.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €44,097 | €11,955 | -€32,142 | -72.9% |
| Current portion of amounts payable after more than one year | 42 | €16,815 | €0 | -€16,815 | -100.0% |
| Financial debts | 43 | €1,755 | €1,744 | -€10 | -0.6% |
| Credit institutions | 430/8 | €1,755 | €1,744 | -€10 | -0.6% |
| Trade debts | 44 | €14,793 | €2,073 | -€12,720 | -86.0% |
| Suppliers | 440/4 | €14,793 | €2,073 | -€12,720 | -86.0% |
| Taxes, remuneration and social security | 45 | €1,174 | €2,191 | +€1,018 | +86.7% |
| Taxes | 450/3 | - | €2,191 | +€2,191 | |
| Remuneration and social security | 454/9 | €1,174 | €0 | -€1,174 | -100.0% |
| Other amounts payable | 47/48 | €9,560 | €5,947 | -€3,614 | -37.8% |
| Non-recurring operating income | 76A | €100 | €1,700 | +€1,600 | +1600.0% |
| Remuneration, social security and pensions | 62 | €62,417 | €63,441 | +€1,023 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,385 | €21,379 | -€1,006 | -4.5% |
| Other operating charges | 640/8 | €1,700 | €1,781 | +€81 | +4.7% |
| Gross operating margin | 9900 | €30,227 | €73,829 | +€43,603 | +144.3% |
| Operating profit (loss) | 9901 | -€56,276 | -€12,771 | +€43,505 | +77.3% |
| Financial income | 75/76B | €7,358 | €6,939 | -€419 | -5.7% |
| Recurring financial income | 75 | €7,358 | €6,939 | -€419 | -5.7% |
| Financial charges | 65/66B | €1,991 | €4,375 | +€2,384 | +119.7% |
| Recurring financial charges | 65 | €1,991 | €1,309 | -€682 | -34.2% |
| Non-recurring financial charges | 66B | - | €3,066 | +€3,066 | |
| Profit (loss) for the period before taxes | 9903 | -€50,909 | -€10,207 | +€40,702 | +80.0% |
| Income taxes | 67/77 | €2,909 | €0 | -€2,909 | -100.0% |
| Profit (loss) for the period | 9904 | -€53,817 | -€10,207 | +€43,611 | +81.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,817 | -€10,207 | +€43,611 | +81.0% |
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 9 October 2026 via checked.be.