Köhn: 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.
Köhn
Largest movements
- Cash +€24,564
up €24,564 (+49.7%), from €49,416 to €73,980
mainly Net result for the year (+€64,137) and Receivables within one year (+€13,648)
- Receivables within one year -€13,648
down €13,648 (-98.8%), from €13,812 to €164
of which Trade receivables: -€13,812
- Tangible fixed assets -€3,216
down €3,216 (-2.6%), from €123,306 to €120,089
of which Land and buildings: -€7,887
- Reserves +€22,158
up €22,158 (+14.5%), from €152,339 to €174,496
- Debts after one year -€18,157
down €18,157 (-56.9%), from €31,928 to €13,771
- Tax, wage and social debts +€5,240
up €5,240 (+11.7%), from €44,791 to €50,030
of which Taxes: +€6,575
- Gross operating margin -€4,329
down €4,329 (-3.7%), from €117,736 to €113,407
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 | €290,765 | €297,782 | +€7,018 | +2.4% |
| Fixed assets | 21/28 | €222,405 | €219,189 | -€3,216 | -1.4% |
| Tangible fixed assets | 22/27 | €123,306 | €120,089 | -€3,216 | -2.6% |
| Land and buildings | 22 | €114,337 | €106,450 | -€7,887 | -6.9% |
| Plant, machinery and equipment | 23 | €1,941 | €4,271 | +€2,330 | +120.1% |
| Furniture and vehicles | 24 | €4,547 | €7,213 | +€2,666 | +58.6% |
| Other tangible fixed assets | 26 | €2,481 | €2,156 | -€326 | -13.1% |
| Financial fixed assets | 28 | €99,100 | €99,100 | = | 0.0% |
| Current assets | 29/58 | €68,359 | €78,593 | +€10,234 | +15.0% |
| Amounts receivable within one year | 40/41 | €13,812 | €164 | -€13,648 | -98.8% |
| Trade receivables | 40 | €13,812 | - | -€13,812 | |
| Other amounts receivable | 41 | - | €164 | +€164 | |
| Cash at bank and in hand | 54/58 | €49,416 | €73,980 | +€24,564 | +49.7% |
| Deferred charges and accrued income | 490/1 | €5,132 | €4,449 | -€683 | -13.3% |
| Total equity and liabilities | 10/49 | €290,765 | €297,782 | +€7,018 | +2.4% |
| Equity | 10/15 | €181,757 | €203,914 | +€22,158 | +12.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €152,339 | €174,496 | +€22,158 | +14.5% |
| Distributable reserves | 133 | €152,339 | €174,496 | +€22,158 | +14.5% |
| Profit (loss) carried forward | 14 | €28,918 | €28,918 | = | 0.0% |
| Amounts payable | 17/49 | €109,008 | €93,868 | -€15,140 | -13.9% |
| Amounts payable after more than one year | 17 | €31,928 | €13,771 | -€18,157 | -56.9% |
| Financial debts | 170/4 | €31,928 | €13,771 | -€18,157 | -56.9% |
| Amounts payable within one year | 42/48 | €77,080 | €80,097 | +€3,018 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €19,468 | €18,157 | -€1,311 | -6.7% |
| Trade debts | 44 | €5,182 | €6,380 | +€1,198 | +23.1% |
| Suppliers | 440/4 | €5,182 | €6,380 | +€1,198 | +23.1% |
| Taxes, remuneration and social security | 45 | €44,791 | €50,030 | +€5,240 | +11.7% |
| Taxes | 450/3 | €21,001 | €27,576 | +€6,575 | +31.3% |
| Remuneration and social security | 454/9 | €23,789 | €22,454 | -€1,335 | -5.6% |
| Other amounts payable | 47/48 | €7,639 | €5,529 | -€2,109 | -27.6% |
| Non-recurring operating income | 76A | €4,545 | - | -€4,545 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,219 | €11,605 | -€614 | -5.0% |
| Other operating charges | 640/8 | €781 | €573 | -€207 | -26.6% |
| Gross operating margin | 9900 | €117,736 | €113,407 | -€4,329 | -3.7% |
| Operating profit (loss) | 9901 | €104,736 | €101,229 | -€3,508 | -3.3% |
| Financial income | 75/76B | €6 | €29 | +€23 | +389.3% |
| Recurring financial income | 75 | €6 | €29 | +€23 | +389.3% |
| Financial charges | 65/66B | €1,899 | €1,915 | +€17 | +0.9% |
| Recurring financial charges | 65 | €1,899 | €1,915 | +€17 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €102,844 | €99,343 | -€3,501 | -3.4% |
| Income taxes | 67/77 | €34,352 | €35,206 | +€854 | +2.5% |
| Profit (loss) for the period | 9904 | €68,492 | €64,137 | -€4,355 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €68,492 | €64,137 | -€4,355 | -6.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.