KOCTEX: 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.
KOCTEX
Largest movements
- Receivables within one year -€49,594
down €49,594 (-95.5%), from €51,954 to €2,360
of which Trade receivables: -€47,751
- Stocks and contracts +€30,170
up €30,170 (+37.7%), from €80,085 to €110,255
- Cash +€14,435
up €14,435 (+62.8%), from €22,988 to €37,423
mainly Receivables within one year (+€49,594) and Tax, wage and social debts (+€28,857)
- Intangible fixed assets -€10,100
down €10,100 (-14.8%), from €68,175 to €58,075
- Debts after one year -€58,912
down €58,912 (-66.3%), from €88,912 to €30,000
- Tax, wage and social debts +€28,857
up €28,857 (+193%), from €14,937 to €43,794
of which Remuneration and social security: +€23,428
- Reserves +€20,797
up €20,797 (+1,115%), from €1,865 to €22,662
of which Distributable reserves: +€22,662
- Trade debts -€12,239
down €12,239 (-92.4%), from €13,247 to €1,009
- Other debts +€7,279
up €7,279 (+80.3%), from €9,064 to €16,343
- Staff costs -€31,061
no longer reported in 2025 (was €31,061)
- Gross operating margin +€12,393
up €12,393 (+56.9%), from €21,774 to €34,167
- Taxes +€3,142
new in 2025: €3,142
- Financial income +€2,956
up €2,956 (+364%), from €813 to €3,768
- Financial charges +€2,125
up €2,125 (+382%), from €556 to €2,681
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 | €230,382 | €215,815 | -€14,567 | -6.3% |
| Fixed assets | 21/28 | €75,355 | €65,777 | -€9,579 | -12.7% |
| Intangible fixed assets | 21 | €68,175 | €58,075 | -€10,100 | -14.8% |
| Tangible fixed assets | 22/27 | €7,150 | €7,672 | +€521 | +7.3% |
| Plant, machinery and equipment | 23 | - | €521 | +€521 | |
| Other tangible fixed assets | 26 | €7,150 | €7,150 | = | 0.0% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €155,027 | €150,038 | -€4,988 | -3.2% |
| Stocks and contracts in progress | 3 | €80,085 | €110,255 | +€30,170 | +37.7% |
| Stocks | 30/36 | €80,085 | €110,255 | +€30,170 | +37.7% |
| Amounts receivable within one year | 40/41 | €51,954 | €2,360 | -€49,594 | -95.5% |
| Trade receivables | 40 | €50,112 | €2,360 | -€47,751 | -95.3% |
| Other amounts receivable | 41 | €1,842 | - | -€1,842 | |
| Cash at bank and in hand | 54/58 | €22,988 | €37,423 | +€14,435 | +62.8% |
| Total equity and liabilities | 10/49 | €230,382 | €215,815 | -€14,567 | -6.3% |
| Equity | 10/15 | €104,222 | €124,669 | +€20,447 | +19.6% |
| Contributions | 10/11 | €12,750 | €12,400 | -€350 | -2.7% |
| Contributions outside capital | 11 | €12,750 | - | -€12,750 | |
| Other | 1109/19 | €12,750 | - | -€12,750 | |
| Reserves | 13 | €1,865 | €22,662 | +€20,797 | +1,115% |
| Non-distributable reserves | 130/1 | €1,865 | - | -€1,865 | |
| Reserves not available under the articles | 1311 | €1,865 | - | -€1,865 | |
| Distributable reserves | 133 | - | €22,662 | +€22,662 | |
| Profit (loss) carried forward | 14 | €89,607 | €89,607 | = | 0.0% |
| Amounts payable | 17/49 | €126,160 | €91,146 | -€35,014 | -27.8% |
| Amounts payable after more than one year | 17 | €88,912 | €30,000 | -€58,912 | -66.3% |
| Financial debts | 170/4 | €88,912 | €30,000 | -€58,912 | -66.3% |
| Amounts payable within one year | 42/48 | €37,248 | €61,146 | +€23,898 | +64.2% |
| Trade debts | 44 | €13,247 | €1,009 | -€12,239 | -92.4% |
| Suppliers | 440/4 | €13,247 | €1,009 | -€12,239 | -92.4% |
| Taxes, remuneration and social security | 45 | €14,937 | €43,794 | +€28,857 | +193% |
| Taxes | 450/3 | €8,865 | €14,294 | +€5,429 | +61.2% |
| Remuneration and social security | 454/9 | €6,072 | €29,500 | +€23,428 | +386% |
| Other amounts payable | 47/48 | €9,064 | €16,343 | +€7,279 | +80.3% |
| Remuneration, social security and pensions | 62 | €31,061 | - | -€31,061 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,921 | €10,198 | -€1,722 | -14.4% |
| Other operating charges | 640/8 | €200 | €1,117 | +€917 | +459% |
| Gross operating margin | 9900 | €21,774 | €34,167 | +€12,393 | +56.9% |
| Operating profit (loss) | 9901 | -€21,408 | €22,851 | +€44,259 | |
| Financial income | 75/76B | €813 | €3,768 | +€2,956 | +364% |
| Recurring financial income | 75 | €813 | €3,768 | +€2,956 | +364% |
| Financial charges | 65/66B | €556 | €2,681 | +€2,125 | +382% |
| Recurring financial charges | 65 | €556 | €2,681 | +€2,125 | +382% |
| Profit (loss) for the period before taxes | 9903 | -€21,151 | €23,939 | +€45,090 | |
| Income taxes | 67/77 | - | €3,142 | +€3,142 | |
| Profit (loss) for the period | 9904 | -€21,151 | €20,797 | +€41,948 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,151 | €20,797 | +€41,948 |
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 17 October 2026 via checked.be.