KOFship: 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.
KOFship
Largest movements
- Cash -€2,604
down €2,604 (-84.3%), from €3,090 to €486
mainly Other debts (-€6,347) and Investment in fixed assets (net) (-€3,024)
- Receivables within one year +€2,007
up €2,007 (+22.0%), from €9,110 to €11,117
of which Other amounts receivable: +€3,857
- Tangible fixed assets -€1,541
down €1,541 (-18.2%), from €8,482 to €6,941
of which Plant, machinery and equipment: -€1,996
- Deferred charges and accrued income +€1,304
up €1,304, from €0 to €1,304
- Other debts -€6,347
down €6,347 (-100%), from €6,347 to €0
- Profit (loss) carried forward +€5,207
up €5,207 (+20.8%), from -€24,988 to -€19,781
- Accrued charges and deferred income +€1,694
new in 2025: €1,694
- Tax, wage and social debts -€1,298
down €1,298 (-62.7%), from €2,072 to €773
- Gross operating margin -€806
down €806 (-6.2%), from €12,947 to €12,141
- Depreciation -€802
down €802 (-14.9%), from €5,367 to €4,565
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 | €20,682 | €19,848 | -€834 | -4.0% |
| Fixed assets | 21/28 | €8,482 | €6,941 | -€1,541 | -18.2% |
| Tangible fixed assets | 22/27 | €8,482 | €6,941 | -€1,541 | -18.2% |
| Plant, machinery and equipment | 23 | €5,817 | €3,821 | -€1,996 | -34.3% |
| Furniture and vehicles | 24 | €2,665 | €3,120 | +€455 | +17.1% |
| Current assets | 29/58 | €12,200 | €12,907 | +€707 | +5.8% |
| Amounts receivable within one year | 40/41 | €9,110 | €11,117 | +€2,007 | +22.0% |
| Trade receivables | 40 | €9,110 | €7,260 | -€1,850 | -20.3% |
| Other amounts receivable | 41 | - | €3,857 | +€3,857 | |
| Cash at bank and in hand | 54/58 | €3,090 | €486 | -€2,604 | -84.3% |
| Deferred charges and accrued income | 490/1 | €0 | €1,304 | +€1,304 | |
| Total equity and liabilities | 10/49 | €20,682 | €19,848 | -€834 | -4.0% |
| Equity | 10/15 | -€18,988 | -€13,781 | +€5,207 | +27.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,988 | -€19,781 | +€5,207 | +20.8% |
| Amounts payable | 17/49 | €39,670 | €33,629 | -€6,041 | -15.2% |
| Amounts payable after more than one year | 17 | €28,230 | €28,230 | = | 0.0% |
| Financial debts | 170/4 | €28,230 | €28,230 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,440 | €3,706 | -€7,734 | -67.6% |
| Trade debts | 44 | €3,021 | €2,932 | -€89 | -2.9% |
| Suppliers | 440/4 | €3,021 | €2,932 | -€89 | -2.9% |
| Taxes, remuneration and social security | 45 | €2,072 | €773 | -€1,298 | -62.7% |
| Taxes | 450/3 | €2,072 | €773 | -€1,298 | -62.7% |
| Other amounts payable | 47/48 | €6,347 | €0 | -€6,347 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,694 | +€1,694 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,367 | €4,565 | -€802 | -14.9% |
| Other operating charges | 640/8 | €588 | €603 | +€14 | +2.4% |
| Gross operating margin | 9900 | €12,947 | €12,141 | -€806 | -6.2% |
| Operating profit (loss) | 9901 | €6,992 | €6,973 | -€19 | -0.3% |
| Financial income | 75/76B | €1 | €41 | +€40 | +3,997% |
| Recurring financial income | 75 | €1 | €41 | +€40 | +3,997% |
| Financial charges | 65/66B | €1,898 | €1,808 | -€91 | -4.8% |
| Recurring financial charges | 65 | €1,898 | €1,808 | -€91 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €5,095 | €5,207 | +€112 | +2.2% |
| Profit (loss) for the period | 9904 | €5,095 | €5,207 | +€112 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,095 | €5,207 | +€112 | +2.2% |
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.