KOGEKASTICHTING: 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.
KOGEKASTICHTING
Largest movements
- Tangible fixed assets +€865,222
up €865,222 (+5.2%), from €16.7m to €17.6m
of which Land and buildings: +€901,841
- Current investments -€484,807
down €484,807 (-11.7%), from €4.2m to €3.7m
- Receivables after one year +€411,619
up €411,619 (+147%), from €280,376 to €691,996
- Cash -€409,688
down €409,688 (-38.1%), from €1.1m to €666,343
mainly Investment in fixed assets (net) (-€1.0m) and Receivables after one year (-€411,619)
- Profit (loss) carried forward +€776,056
up €776,056 (+9.0%), from €8.6m to €9.4m
- Other operating charges +€315,843
up €315,843 (+39.9%), from €790,914 to €1.1m
- Financial income -€105,627
down €105,627 (-5.4%), from €1.9m to €1.8m
of which Financial income: -€105,627
- Financial charges -€13,888
down €13,888 (-32.5%), from €42,734 to €28,846
of which Non-recurring financial charges: -€12,042
- Purchases and services +€10,531
up €10,531 (+58.6%), from €17,959 to €28,490
- Gross operating margin -€3,201
down €3,201 (-1.3%), from €237,432 to €234,231
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 | €23,382,172 | €23,988,294 | +€606,122 | +2.6% |
| Fixed assets | 21/28 | €16,784,934 | €17,650,156 | +€865,222 | +5.2% |
| Tangible fixed assets | 22/27 | €16,704,134 | €17,569,356 | +€865,222 | +5.2% |
| Land and buildings | 22 | €16,633,595 | €17,535,436 | +€901,841 | +5.4% |
| Plant, machinery and equipment | 23 | €70,539 | €33,920 | -€36,619 | -51.9% |
| Financial fixed assets | 28 | €80,800 | €80,800 | = | 0.0% |
| Current assets | 29/58 | €6,597,237 | €6,338,138 | -€259,100 | -3.9% |
| Amounts receivable after more than one year | 29 | €280,376 | €691,996 | +€411,619 | +147% |
| Other amounts receivable | 291 | €280,376 | €691,996 | +€411,619 | +147% |
| Amounts receivable within one year | 40/41 | €1,082,745 | €1,306,521 | +€223,776 | +20.7% |
| Other amounts receivable | 41 | €1,082,745 | €1,306,521 | +€223,776 | +20.7% |
| Current investments | 50/53 | €4,158,085 | €3,673,278 | -€484,807 | -11.7% |
| Cash at bank and in hand | 54/58 | €1,076,031 | €666,343 | -€409,688 | -38.1% |
| Total equity and liabilities | 10/49 | €23,382,172 | €23,988,294 | +€606,122 | +2.6% |
| Equity | 10/15 | €19,447,575 | €20,223,631 | +€776,056 | +4.0% |
| Contributions | 10/11 | €10,866,546 | €10,866,546 | = | 0.0% |
| Capital | 10 | €10,866,546 | €10,866,546 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,581,029 | €9,357,084 | +€776,056 | +9.0% |
| Amounts payable | 17/49 | €3,934,597 | €3,764,663 | -€169,933 | -4.3% |
| Amounts payable after more than one year | 17 | €2,734,781 | €2,545,527 | -€189,254 | -6.9% |
| Financial debts | 170/4 | €2,734,781 | €2,545,527 | -€189,254 | -6.9% |
| Amounts payable within one year | 42/48 | €264,925 | €280,855 | +€15,930 | +6.0% |
| Financial debts | 43 | €187,372 | €189,254 | +€1,882 | +1.0% |
| Credit institutions | 430/8 | €187,372 | €189,254 | +€1,882 | +1.0% |
| Trade debts | 44 | €10,769 | €10,952 | +€183 | +1.7% |
| Suppliers | 440/4 | €10,769 | €10,952 | +€183 | +1.7% |
| Accrued charges and deferred income | 492/3 | €934,891 | €938,281 | +€3,390 | +0.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €17,959 | €28,490 | +€10,531 | +58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,326 | €160,926 | -€399 | -0.2% |
| Other operating charges | 640/8 | €790,914 | €1,106,757 | +€315,843 | +39.9% |
| Gross operating margin | 9900 | €237,432 | €234,231 | -€3,201 | -1.3% |
| Operating profit (loss) | 9901 | -€714,807 | -€1,033,452 | -€318,645 | -44.6% |
| Financial income | 75/76B | €1,943,980 | €1,838,353 | -€105,627 | -5.4% |
| Recurring financial income | 75 | €923,023 | €817,396 | -€105,627 | -11.4% |
| Non-recurring financial income | 76B | €1,020,957 | €1,020,957 | = | 0.0% |
| Financial charges | 65/66B | €42,734 | €28,846 | -€13,888 | -32.5% |
| Recurring financial charges | 65 | €30,692 | €28,846 | -€1,846 | -6.0% |
| Non-recurring financial charges | 66B | €12,042 | - | -€12,042 | |
| Profit (loss) for the period before taxes | 9903 | €1,186,438 | €776,056 | -€410,383 | -34.6% |
| Profit (loss) for the period | 9904 | €1,186,438 | €776,056 | -€410,383 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,186,438 | €776,056 | -€410,383 | -34.6% |
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 14 October 2026 via checked.be.