KOFLO: 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.
KOFLO
Largest movements
- Tangible fixed assets -€27,500
down €27,500 (-17.5%), from €157,371 to €129,872
of which Plant, machinery and equipment: -€20,374
- Receivables within one year +€14,876
up €14,876 (+40.5%), from €36,759 to €51,635
of which Trade receivables: +€9,939
- Cash +€4,629
up €4,629 (+7.1%), from €64,827 to €69,456
mainly Depreciation (+€30,677) and Trade debts (+€9,963)
- Current portion of long-term debt -€12,429
down €12,429 (-43.2%), from €28,801 to €16,372
- Profit (loss) carried forward -€12,400
down €12,400 (-46.8%), from €26,499 to €14,099
- Trade debts +€9,963
up €9,963 (+102%), from €9,776 to €19,739
- Debts after one year +€9,896
up €9,896 (+6.8%), from €144,989 to €154,884
- Tax, wage and social debts -€4,175
down €4,175 (-21.2%), from €19,658 to €15,483
of which Remuneration and social security: -€3,795
- Gross operating margin +€16,524
up €16,524 (+13.5%), from €122,112 to €138,636
- Staff costs +€14,757
up €14,757 (+17.1%), from €86,276 to €101,033
- Depreciation -€7,067
down €7,067 (-18.7%), from €37,743 to €30,677
- Financial charges +€3,127
up €3,127 (+27.4%), from €11,397 to €14,524
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 | €262,183 | €253,038 | -€9,145 | -3.5% |
| Fixed assets | 21/28 | €157,371 | €129,872 | -€27,500 | -17.5% |
| Tangible fixed assets | 22/27 | €157,371 | €129,872 | -€27,500 | -17.5% |
| Land and buildings | 22 | €59,805 | €52,998 | -€6,807 | -11.4% |
| Plant, machinery and equipment | 23 | €96,737 | €76,362 | -€20,374 | -21.1% |
| Furniture and vehicles | 24 | €830 | €511 | -€318 | -38.4% |
| Current assets | 29/58 | €104,811 | €123,166 | +€18,355 | +17.5% |
| Stocks and contracts in progress | 3 | €3,225 | €2,075 | -€1,150 | -35.7% |
| Stocks | 30/36 | €3,225 | €2,075 | -€1,150 | -35.7% |
| Amounts receivable within one year | 40/41 | €36,759 | €51,635 | +€14,876 | +40.5% |
| Trade receivables | 40 | €24,742 | €34,681 | +€9,939 | +40.2% |
| Other amounts receivable | 41 | €12,017 | €16,954 | +€4,937 | +41.1% |
| Cash at bank and in hand | 54/58 | €64,827 | €69,456 | +€4,629 | +7.1% |
| Total equity and liabilities | 10/49 | €262,183 | €253,038 | -€9,145 | -3.5% |
| Equity | 10/15 | €58,959 | €46,559 | -€12,400 | -21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,860 | €13,860 | = | 0.0% |
| Distributable reserves | 133 | €13,860 | €13,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,499 | €14,099 | -€12,400 | -46.8% |
| Amounts payable | 17/49 | €203,224 | €206,479 | +€3,255 | +1.6% |
| Amounts payable after more than one year | 17 | €144,989 | €154,884 | +€9,896 | +6.8% |
| Financial debts | 170/4 | €144,989 | €154,884 | +€9,896 | +6.8% |
| Amounts payable within one year | 42/48 | €58,235 | €51,594 | -€6,640 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €28,801 | €16,372 | -€12,429 | -43.2% |
| Trade debts | 44 | €9,776 | €19,739 | +€9,963 | +102% |
| Suppliers | 440/4 | €9,776 | €19,739 | +€9,963 | +102% |
| Taxes, remuneration and social security | 45 | €19,658 | €15,483 | -€4,175 | -21.2% |
| Taxes | 450/3 | €13,982 | €13,603 | -€379 | -2.7% |
| Remuneration and social security | 454/9 | €5,676 | €1,881 | -€3,795 | -66.9% |
| Remuneration, social security and pensions | 62 | €86,276 | €101,033 | +€14,757 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,743 | €30,677 | -€7,067 | -18.7% |
| Other operating charges | 640/8 | €4,711 | €5,016 | +€306 | +6.5% |
| Gross operating margin | 9900 | €122,112 | €138,636 | +€16,524 | +13.5% |
| Operating profit (loss) | 9901 | -€6,617 | €1,910 | +€8,527 | |
| Financial income | 75/76B | €295 | €606 | +€311 | +105% |
| Recurring financial income | 75 | €295 | €606 | +€311 | +105% |
| Financial charges | 65/66B | €11,397 | €14,524 | +€3,127 | +27.4% |
| Recurring financial charges | 65 | €11,397 | €14,524 | +€3,127 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,719 | -€12,007 | +€5,712 | +32.2% |
| Income taxes | 67/77 | -€11 | €393 | +€404 | |
| Profit (loss) for the period | 9904 | -€17,709 | -€12,400 | +€5,308 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,709 | -€12,400 | +€5,308 | +30.0% |
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 27 October 2026 via checked.be.