Kohaku: what changed
Two fiscal 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.
Kohaku
Largest movements
- Cash +€26,267
up €26,267 (+112.5%), from €23,352 to €49,619
- Tangible fixed assets -€21,081
down €21,081 (-46.4%), from €45,477 to €24,396
- Receivables within one year +€17,021
new in 2025: €17,021
- Deferred charges and accrued income +€8,254
up €8,254 (+628.6%), from €1,313 to €9,567
- Trade debts +€10,315
up €10,315 (+170.6%), from €6,047 to €16,362
- Other debts +€7,881
up €7,881 (+63.3%), from €12,457 to €20,338
- Accrued charges and deferred income +€6,749
up €6,749 (+488.4%), from €1,382 to €8,131
- Profit (loss) carried forward +€3,908
up €3,908 (+31.7%), from -€12,324 to -€8,416
- Tax, wage and social debts +€1,608
up €1,608 (+15.1%), from €10,640 to €12,248
of which Taxes: +€1,607
- Gross operating margin +€22,431
up €22,431, from -€1,463 to €20,968
- Depreciation +€3,314
up €3,314 (+45.9%), from €7,227 to €10,541
- Taxes +€3,021
new in 2025: €3,021
- Financial charges +€1,779
up €1,779 (+63.8%), from €2,788 to €4,567
- Other operating charges -€219
down €219 (-24.5%), from €894 to €675
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,202 | €100,663 | +€30,461 | +43.4% |
| Fixed assets | 21/28 | €45,537 | €24,456 | -€21,081 | -46.3% |
| Tangible fixed assets | 22/27 | €45,477 | €24,396 | -€21,081 | -46.4% |
| Furniture and vehicles | 24 | €45,477 | €24,396 | -€21,081 | -46.4% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €24,665 | €76,207 | +€51,542 | +209.0% |
| Amounts receivable within one year | 40/41 | - | €17,021 | +€17,021 | |
| Trade receivables | 40 | - | €17,021 | +€17,021 | |
| Cash at bank and in hand | 54/58 | €23,352 | €49,619 | +€26,267 | +112.5% |
| Deferred charges and accrued income | 490/1 | €1,313 | €9,567 | +€8,254 | +628.6% |
| Total equity and liabilities | 10/49 | €70,202 | €100,663 | +€30,461 | +43.4% |
| Equity | 10/15 | -€8,824 | -€4,916 | +€3,908 | +44.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,324 | -€8,416 | +€3,908 | +31.7% |
| Amounts payable | 17/49 | €79,026 | €105,579 | +€26,553 | +33.6% |
| Amounts payable after more than one year | 17 | €48,500 | €48,500 | = | 0.0% |
| Financial debts | 170/4 | €48,500 | €48,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,144 | €48,948 | +€19,804 | +68.0% |
| Trade debts | 44 | €6,047 | €16,362 | +€10,315 | +170.6% |
| Suppliers | 440/4 | €6,047 | €16,362 | +€10,315 | +170.6% |
| Taxes, remuneration and social security | 45 | €10,640 | €12,248 | +€1,608 | +15.1% |
| Taxes | 450/3 | €7,298 | €8,905 | +€1,607 | +22.0% |
| Remuneration and social security | 454/9 | €3,342 | €3,343 | +€1 | 0.0% |
| Other amounts payable | 47/48 | €12,457 | €20,338 | +€7,881 | +63.3% |
| Accrued charges and deferred income | 492/3 | €1,382 | €8,131 | +€6,749 | +488.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,227 | €10,541 | +€3,314 | +45.9% |
| Other operating charges | 640/8 | €894 | €675 | -€219 | -24.5% |
| Gross operating margin | 9900 | -€1,463 | €20,968 | +€22,431 | |
| Operating profit (loss) | 9901 | -€9,584 | €9,752 | +€19,336 | |
| Financial income | 75/76B | €48 | - | -€48 | |
| Recurring financial income | 75 | €48 | - | -€48 | |
| Financial charges | 65/66B | €2,788 | €4,567 | +€1,779 | +63.8% |
| Recurring financial charges | 65 | €2,788 | €4,567 | +€1,779 | +63.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,324 | €5,185 | +€17,509 | |
| Income taxes | 67/77 | - | €3,021 | +€3,021 | |
| Profit (loss) for the period | 9904 | -€12,324 | €2,164 | +€14,488 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,324 | €2,164 | +€14,488 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.