KOGI: 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.
KOGI
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Cash -€177,642
down €177,642 (-73.9%), from €240,232 to €62,590
mainly Current investments (-€200,000) and Receivables within one year (-€23,092)
- Receivables within one year +€23,092
up €23,092 (+1223.3%), from €1,888 to €24,980
of which Trade receivables: +€23,092
- Reserves +€71,300
up €71,300 (+35.9%), from €198,690 to €269,990
- Tax, wage and social debts -€15,825
down €15,825 (-56.7%), from €27,910 to €12,085
of which Taxes: -€12,767
- Other debts -€4,080
down €4,080 (-62.2%), from €6,564 to €2,484
- Trade debts -€3,372
down €3,372 (-70.0%), from €4,818 to €1,446
- Gross operating margin +€6,915
up €6,915 (+7.4%), from €93,886 to €100,800
- Taxes +€1,912
up €1,912 (+7.5%), from €25,522 to €27,434
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.
Cash bridge derived
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 | €242,996 | €291,039 | +€48,042 | +19.8% |
| Fixed assets | 21/28 | €396 | €2,703 | +€2,307 | +581.7% |
| Tangible fixed assets | 22/27 | €316 | €2,623 | +€2,307 | +729.9% |
| Plant, machinery and equipment | 23 | €316 | €2,623 | +€2,307 | +729.9% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €242,600 | €288,336 | +€45,736 | +18.9% |
| Amounts receivable within one year | 40/41 | €1,888 | €24,980 | +€23,092 | +1223.3% |
| Trade receivables | 40 | €1,880 | €24,972 | +€23,092 | +1228.4% |
| Other amounts receivable | 41 | €8 | €8 | = | 0.0% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €240,232 | €62,590 | -€177,642 | -73.9% |
| Deferred charges and accrued income | 490/1 | €480 | €766 | +€286 | +59.5% |
| Total equity and liabilities | 10/49 | €242,996 | €291,039 | +€48,042 | +19.8% |
| Equity | 10/15 | €203,704 | €275,024 | +€71,320 | +35.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €198,690 | €269,990 | +€71,300 | +35.9% |
| Non-distributable reserves | 130/1 | €198,690 | €269,990 | +€71,300 | +35.9% |
| Reserves not available under the articles | 1311 | €198,690 | €269,990 | +€71,300 | +35.9% |
| Profit (loss) carried forward | 14 | €14 | €34 | +€20 | +140.1% |
| Amounts payable | 17/49 | €39,292 | €16,015 | -€23,278 | -59.2% |
| Amounts payable within one year | 42/48 | €39,292 | €16,015 | -€23,278 | -59.2% |
| Trade debts | 44 | €4,818 | €1,446 | -€3,372 | -70.0% |
| Suppliers | 440/4 | €4,818 | €1,446 | -€3,372 | -70.0% |
| Taxes, remuneration and social security | 45 | €27,910 | €12,085 | -€15,825 | -56.7% |
| Taxes | 450/3 | €24,852 | €12,085 | -€12,767 | -51.4% |
| Remuneration and social security | 454/9 | €3,058 | - | -€3,058 | |
| Other amounts payable | 47/48 | €6,564 | €2,484 | -€4,080 | -62.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €313 | €842 | +€528 | +168.6% |
| Other operating charges | 640/8 | €1,775 | €1,052 | -€723 | -40.7% |
| Gross operating margin | 9900 | €93,886 | €100,800 | +€6,915 | +7.4% |
| Operating profit (loss) | 9901 | €91,797 | €98,907 | +€7,110 | +7.7% |
| Financial charges | 65/66B | €311 | €153 | -€158 | -50.9% |
| Recurring financial charges | 65 | €311 | €153 | -€158 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €91,486 | €98,754 | +€7,268 | +7.9% |
| Income taxes | 67/77 | €25,522 | €27,434 | +€1,912 | +7.5% |
| Profit (loss) for the period | 9904 | €65,964 | €71,320 | +€5,355 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,964 | €71,320 | +€5,355 | +8.1% |
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 9 October 2026 via checked.be.