KOHL & PARTNERS: 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.
KOHL & PARTNERS
Largest movements
- Current investments +€271,467
up €271,467 (+77.5%), from €350,076 to €621,543
- Cash -€112,077
down €112,077 (-81.6%), from €137,307 to €25,229
mainly Current investments (-€271,467) and Contributions, distributions and other (-€131,972)
- Receivables within one year +€96,336
up €96,336 (+305%), from €31,541 to €127,876
of which Other amounts receivable: +€100,208
- Receivables after one year +€67,160
new in 2025: €67,160
- Tangible fixed assets -€24,537
down €24,537 (-4.4%), from €555,487 to €530,950
- Reserves +€335,239
up €335,239 (+32.3%), from €1.0m to €1.4m
of which Distributable reserves: +€347,099
- Other debts +€55,803
up €55,803 (+125%), from €44,575 to €100,377
- Debts after one year -€39,200
down €39,200 (-19.9%), from €197,077 to €157,877
- Contributions -€33,387
down €33,387 (-77.0%), from €43,387 to €10,000
- Gross operating margin -€30,499
down €30,499, from €18,776 to -€11,723
- Depreciation +€12,088
up €12,088 (+97.1%), from €12,449 to €24,537
- Financial income +€8,586
up €8,586 (+1.7%), from €508,916 to €517,502
of which Financial income: +€17,300
- Taxes +€5,061
up €5,061 (+12.8%), from €39,508 to €44,568
- Financial charges +€1,337
up €1,337 (+41.6%), from €3,210 to €4,547
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 | €1,484,813 | €1,782,186 | +€297,373 | +20.0% |
| Fixed assets | 21/28 | €963,809 | €939,271 | -€24,537 | -2.5% |
| Tangible fixed assets | 22/27 | €555,487 | €530,950 | -€24,537 | -4.4% |
| Land and buildings | 22 | €555,487 | €530,950 | -€24,537 | -4.4% |
| Financial fixed assets | 28 | €408,321 | €408,321 | = | 0.0% |
| Current assets | 29/58 | €521,004 | €842,915 | +€321,910 | +61.8% |
| Amounts receivable after more than one year | 29 | - | €67,160 | +€67,160 | |
| Other amounts receivable | 291 | - | €67,160 | +€67,160 | |
| Amounts receivable within one year | 40/41 | €31,541 | €127,876 | +€96,336 | +305% |
| Trade receivables | 40 | €8,712 | €4,840 | -€3,872 | -44.4% |
| Other amounts receivable | 41 | €22,829 | €123,036 | +€100,208 | +439% |
| Current investments | 50/53 | €350,076 | €621,543 | +€271,467 | +77.5% |
| Cash at bank and in hand | 54/58 | €137,307 | €25,229 | -€112,077 | -81.6% |
| Deferred charges and accrued income | 490/1 | €2,081 | €1,106 | -€975 | -46.8% |
| Total equity and liabilities | 10/49 | €1,484,813 | €1,782,186 | +€297,373 | +20.0% |
| Equity | 10/15 | €1,080,672 | €1,382,524 | +€301,853 | +27.9% |
| Contributions | 10/11 | €43,387 | €10,000 | -€33,387 | -77.0% |
| Reserves | 13 | €1,037,285 | €1,372,524 | +€335,239 | +32.3% |
| Tax-exempt reserves | 132 | €209,425 | €197,565 | -€11,859 | -5.7% |
| Distributable reserves | 133 | €827,860 | €1,174,959 | +€347,099 | +41.9% |
| Profit (loss) carried forward | 14 | €0 | - | -€0 | |
| Provisions and deferred taxes | 16 | €69,808 | €65,855 | -€3,953 | -5.7% |
| Deferred taxes | 168 | €69,808 | €65,855 | -€3,953 | -5.7% |
| Amounts payable | 17/49 | €334,333 | €333,807 | -€526 | -0.2% |
| Amounts payable after more than one year | 17 | €197,077 | €157,877 | -€39,200 | -19.9% |
| Financial debts | 170/4 | €197,077 | €157,877 | -€39,200 | -19.9% |
| Amounts payable within one year | 42/48 | €132,987 | €173,509 | +€40,523 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | €50,410 | €39,200 | -€11,210 | -22.2% |
| Trade debts | 44 | €9,468 | €5,127 | -€4,340 | -45.8% |
| Suppliers | 440/4 | €9,468 | €5,127 | -€4,340 | -45.8% |
| Taxes, remuneration and social security | 45 | €28,535 | €28,805 | +€271 | +0.9% |
| Taxes | 450/3 | €28,535 | €28,805 | +€271 | +0.9% |
| Other amounts payable | 47/48 | €44,575 | €100,377 | +€55,803 | +125% |
| Accrued charges and deferred income | 492/3 | €4,270 | €2,420 | -€1,849 | -43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,449 | €24,537 | +€12,088 | +97.1% |
| Other operating charges | 640/8 | €1,062 | €2,255 | +€1,192 | +112% |
| Gross operating margin | 9900 | €18,776 | -€11,723 | -€30,499 | |
| Operating profit (loss) | 9901 | €5,265 | -€38,515 | -€43,780 | |
| Financial income | 75/76B | €508,916 | €517,502 | +€8,586 | +1.7% |
| Recurring financial income | 75 | €500,201 | €517,502 | +€17,300 | +3.5% |
| Non-recurring financial income | 76B | €8,714 | - | -€8,714 | |
| Financial charges | 65/66B | €3,210 | €4,547 | +€1,337 | +41.6% |
| Recurring financial charges | 65 | €3,210 | €4,547 | +€1,337 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | €510,971 | €474,440 | -€36,531 | -7.1% |
| Transfer from deferred taxes | 780 | €1,977 | €3,953 | +€1,977 | +100% |
| Income taxes | 67/77 | €39,508 | €44,568 | +€5,061 | +12.8% |
| Profit (loss) for the period | 9904 | €473,440 | €433,825 | -€39,615 | -8.4% |
| Transfer from tax-exempt reserves | 789 | €5,930 | €11,859 | +€5,930 | +100% |
| Transfer to tax-exempt reserves | 689 | €107,677 | - | -€107,677 | |
| Profit (loss) for the period to be appropriated | 9905 | €371,692 | €445,684 | +€73,992 | +19.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.