KOESTO MGMT: 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.
KOESTO MGMT
Largest movements
- Current investments +€97,087
new in 2025: €97,087
- Cash -€42,086
down €42,086 (-13.6%), from €310,326 to €268,240
mainly Current investments (-€97,087) and Receivables within one year (-€5,627)
- Tangible fixed assets -€11,202
down €11,202 (-13.1%), from €85,380 to €74,177
of which Other tangible fixed assets: -€7,803
- Receivables within one year +€5,627
up €5,627 (+32.7%), from €17,218 to €22,844
of which Trade receivables: +€5,627
- Reserves +€43,735
up €43,735 (+11.4%), from €382,044 to €425,778
- Tax, wage and social debts +€10,404
up €10,404 (+58.3%), from €17,852 to €28,256
- Trade debts -€4,784
down €4,784 (-70.5%), from €6,789 to €2,005
- Gross operating margin +€40,861
up €40,861 (+101%), from €40,427 to €81,288
- Taxes +€11,318
up €11,318 (+150%), from €7,564 to €18,882
- Financial charges +€2,443
up €2,443 (+126%), from €1,938 to €4,381
- Depreciation +€1,624
up €1,624 (+12.5%), from €12,961 to €14,585
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 | €412,924 | €462,349 | +€49,425 | +12.0% |
| Fixed assets | 21/28 | €85,380 | €74,177 | -€11,202 | -13.1% |
| Tangible fixed assets | 22/27 | €85,380 | €74,177 | -€11,202 | -13.1% |
| Furniture and vehicles | 24 | €15,950 | €12,551 | -€3,399 | -21.3% |
| Other tangible fixed assets | 26 | €69,430 | €61,627 | -€7,803 | -11.2% |
| Current assets | 29/58 | €327,544 | €388,172 | +€60,628 | +18.5% |
| Amounts receivable within one year | 40/41 | €17,218 | €22,844 | +€5,627 | +32.7% |
| Trade receivables | 40 | €14,218 | €19,844 | +€5,627 | +39.6% |
| Other amounts receivable | 41 | €3,000 | €3,000 | = | 0.0% |
| Current investments | 50/53 | - | €97,087 | +€97,087 | |
| Cash at bank and in hand | 54/58 | €310,326 | €268,240 | -€42,086 | -13.6% |
| Total equity and liabilities | 10/49 | €412,924 | €462,349 | +€49,425 | +12.0% |
| Equity | 10/15 | €388,244 | €431,978 | +€43,735 | +11.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €382,044 | €425,778 | +€43,735 | +11.4% |
| Distributable reserves | 133 | €382,044 | €425,778 | +€43,735 | +11.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €24,680 | €30,371 | +€5,691 | +23.1% |
| Amounts payable within one year | 42/48 | €24,680 | €30,371 | +€5,691 | +23.1% |
| Trade debts | 44 | €6,789 | €2,005 | -€4,784 | -70.5% |
| Suppliers | 440/4 | €6,789 | €2,005 | -€4,784 | -70.5% |
| Taxes, remuneration and social security | 45 | €17,852 | €28,256 | +€10,404 | +58.3% |
| Taxes | 450/3 | €17,852 | €28,256 | +€10,404 | +58.3% |
| Other amounts payable | 47/48 | €39 | €110 | +€70 | +180% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,961 | €14,585 | +€1,624 | +12.5% |
| Other operating charges | 640/8 | €1,718 | €1,283 | -€435 | -25.3% |
| Gross operating margin | 9900 | €40,427 | €81,288 | +€40,861 | +101% |
| Operating profit (loss) | 9901 | €25,748 | €65,420 | +€39,672 | +154% |
| Financial income | 75/76B | €1,880 | €1,578 | -€301 | -16.0% |
| Recurring financial income | 75 | €1,880 | €1,578 | -€301 | -16.0% |
| Financial charges | 65/66B | €1,938 | €4,381 | +€2,443 | +126% |
| Recurring financial charges | 65 | €1,938 | €4,381 | +€2,443 | +126% |
| Profit (loss) for the period before taxes | 9903 | €25,689 | €62,617 | +€36,927 | +144% |
| Income taxes | 67/77 | €7,564 | €18,882 | +€11,318 | +150% |
| Profit (loss) for the period | 9904 | €18,126 | €43,735 | +€25,609 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €18,126 | €43,735 | +€25,609 | +141% |
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 27 October 2026 via checked.be.