Kohli: 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.
Kohli
Largest movements
- Tangible fixed assets -€14,293
down €14,293 (-30.8%), from €46,354 to €32,061
of which Other tangible fixed assets: -€8,165
- Receivables within one year -€5,051
down €5,051 (-90.6%), from €5,574 to €523
of which Trade receivables: -€4,551
- Cash +€2,706
up €2,706 (+5.6%), from €48,340 to €51,046
mainly Depreciation (+€18,300) and Receivables within one year (+€5,051)
- Debts after one year -€14,457
down €14,457 (-8.4%), from €172,534 to €158,077
- Profit (loss) carried forward -€9,072
down €9,072 (-8.2%), from -€111,108 to -€120,180
- Tax, wage and social debts +€4,332
up €4,332 (+29.1%), from €14,890 to €19,222
of which Taxes: +€2,569
- Trade debts +€3,644
up €3,644 (+38.6%), from €9,452 to €13,096
- Gross operating margin +€19,801
up €19,801 (+19.4%), from €102,168 to €121,969
- Staff costs +€19,264
up €19,264 (+26.0%), from €74,182 to €93,446
- Depreciation +€9,530
up €9,530 (+109%), from €8,770 to €18,300
- Taxes -€2,698
down €2,698 (-59.7%), from €4,516 to €1,818
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 | €104,919 | €89,366 | -€15,553 | -14.8% |
| Fixed assets | 21/28 | €46,354 | €32,061 | -€14,293 | -30.8% |
| Tangible fixed assets | 22/27 | €46,354 | €32,061 | -€14,293 | -30.8% |
| Land and buildings | 22 | €3,340 | €2,651 | -€689 | -20.6% |
| Plant, machinery and equipment | 23 | €6,233 | €4,474 | -€1,759 | -28.2% |
| Furniture and vehicles | 24 | €16,534 | €12,854 | -€3,680 | -22.3% |
| Other tangible fixed assets | 26 | €20,247 | €12,082 | -€8,165 | -40.3% |
| Current assets | 29/58 | €58,565 | €57,305 | -€1,260 | -2.2% |
| Stocks and contracts in progress | 3 | €1,837 | €2,454 | +€617 | +33.6% |
| Stocks | 30/36 | €1,837 | €2,454 | +€617 | +33.6% |
| Amounts receivable within one year | 40/41 | €5,574 | €523 | -€5,051 | -90.6% |
| Trade receivables | 40 | €5,074 | €523 | -€4,551 | -89.7% |
| Other amounts receivable | 41 | €500 | - | -€500 | |
| Cash at bank and in hand | 54/58 | €48,340 | €51,046 | +€2,706 | +5.6% |
| Deferred charges and accrued income | 490/1 | €2,814 | €3,282 | +€468 | +16.6% |
| Total equity and liabilities | 10/49 | €104,919 | €89,366 | -€15,553 | -14.8% |
| Equity | 10/15 | -€91,957 | -€101,029 | -€9,072 | -9.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €6,751 | €6,751 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €4,891 | €6,751 | +€1,860 | +38.0% |
| Profit (loss) carried forward | 14 | -€111,108 | -€120,180 | -€9,072 | -8.2% |
| Amounts payable | 17/49 | €196,876 | €190,395 | -€6,481 | -3.3% |
| Amounts payable after more than one year | 17 | €172,534 | €158,077 | -€14,457 | -8.4% |
| Other amounts payable | 178/9 | €172,534 | €158,077 | -€14,457 | -8.4% |
| Amounts payable within one year | 42/48 | €24,342 | €32,318 | +€7,976 | +32.8% |
| Trade debts | 44 | €9,452 | €13,096 | +€3,644 | +38.6% |
| Suppliers | 440/4 | €9,452 | €13,096 | +€3,644 | +38.6% |
| Taxes, remuneration and social security | 45 | €14,890 | €19,222 | +€4,332 | +29.1% |
| Taxes | 450/3 | €8,434 | €11,003 | +€2,569 | +30.5% |
| Remuneration and social security | 454/9 | €6,456 | €8,219 | +€1,763 | +27.3% |
| Remuneration, social security and pensions | 62 | €74,182 | €93,446 | +€19,264 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,770 | €18,300 | +€9,530 | +109% |
| Other operating charges | 640/8 | €3,059 | €2,425 | -€634 | -20.7% |
| Non-recurring operating charges | 66A | €79,202 | - | -€79,202 | |
| Gross operating margin | 9900 | €102,168 | €121,969 | +€19,801 | +19.4% |
| Operating profit (loss) | 9901 | -€63,045 | €7,798 | +€70,843 | |
| Financial income | 75/76B | €1,158 | - | -€1,158 | |
| Recurring financial income | 75 | €1,158 | - | -€1,158 | |
| Financial charges | 65/66B | €15,028 | €15,052 | +€24 | +0.2% |
| Recurring financial charges | 65 | €15,028 | €15,052 | +€24 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€76,915 | -€7,254 | +€69,661 | +90.6% |
| Income taxes | 67/77 | €4,516 | €1,818 | -€2,698 | -59.7% |
| Profit (loss) for the period | 9904 | -€81,431 | -€9,072 | +€72,359 | +88.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,431 | -€9,072 | +€72,359 | +88.9% |
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 26 October 2026 via checked.be.