KOHN ALAIN: 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.
KOHN ALAIN
Largest movements
- Cash +€323,860
up €323,860 (+128%), from €253,330 to €577,190
mainly Receivables within one year (+€193,099) and Net result for the year (+€134,137)
- Receivables within one year -€193,099
down €193,099 (-91.9%), from €210,008 to €16,909
of which Trade receivables: -€196,922
- Tangible fixed assets -€60,289
down €60,289 (-8.6%), from €703,129 to €642,840
of which Furniture and vehicles: -€59,706
- Reserves +€133,295
up €133,295 (+31.9%), from €418,485 to €551,781
- Debts after one year -€42,466
down €42,466 (-19.4%), from €218,994 to €176,527
of which Financial debts: -€42,466
- Gross operating margin +€29,537
up €29,537 (+6.8%), from €431,328 to €460,865
- Staff costs +€29,335
up €29,335 (+24.3%), from €120,784 to €150,118
- Depreciation +€26,210
up €26,210 (+44.6%), from €58,802 to €85,011
- Taxes +€23,398
up €23,398 (+52.5%), from €44,577 to €67,975
- Other operating charges +€11,172
up €11,172 (+254%), from €4,395 to €15,567
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 | €1,191,146 | €1,264,239 | +€73,094 | +6.1% |
| Fixed assets | 21/28 | €705,884 | €645,595 | -€60,289 | -8.5% |
| Tangible fixed assets | 22/27 | €703,129 | €642,840 | -€60,289 | -8.6% |
| Land and buildings | 22 | €462,400 | €458,098 | -€4,302 | -0.9% |
| Plant, machinery and equipment | 23 | €2,195 | €5,913 | +€3,718 | +169% |
| Furniture and vehicles | 24 | €238,534 | €178,829 | -€59,706 | -25.0% |
| Financial fixed assets | 28 | €2,755 | €2,755 | = | 0.0% |
| Current assets | 29/58 | €485,261 | €618,644 | +€133,383 | +27.5% |
| Stocks and contracts in progress | 3 | €13,140 | €13,065 | -€75 | -0.6% |
| Stocks | 30/36 | €13,140 | €13,065 | -€75 | -0.6% |
| Amounts receivable within one year | 40/41 | €210,008 | €16,909 | -€193,099 | -91.9% |
| Trade receivables | 40 | €209,755 | €12,833 | -€196,922 | -93.9% |
| Other amounts receivable | 41 | €253 | €4,076 | +€3,823 | +1,512% |
| Cash at bank and in hand | 54/58 | €253,330 | €577,190 | +€323,860 | +128% |
| Deferred charges and accrued income | 490/1 | €8,784 | €11,481 | +€2,697 | +30.7% |
| Total equity and liabilities | 10/49 | €1,191,146 | €1,264,239 | +€73,094 | +6.1% |
| Equity | 10/15 | €770,892 | €904,188 | +€133,295 | +17.3% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €418,485 | €551,781 | +€133,295 | +31.9% |
| Distributable reserves | 133 | €418,485 | €551,781 | +€133,295 | +31.9% |
| Profit (loss) carried forward | 14 | €327,617 | €327,617 | = | 0.0% |
| Amounts payable | 17/49 | €420,254 | €360,052 | -€60,202 | -14.3% |
| Amounts payable after more than one year | 17 | €218,994 | €176,527 | -€42,466 | -19.4% |
| Financial debts | 170/4 | €218,994 | €176,527 | -€42,466 | -19.4% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €201,260 | €183,525 | -€17,736 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €41,661 | €42,466 | +€806 | +1.9% |
| Trade debts | 44 | €7,448 | €650 | -€6,798 | -91.3% |
| Suppliers | 440/4 | €7,448 | €650 | -€6,798 | -91.3% |
| Taxes, remuneration and social security | 45 | €44,789 | €37,291 | -€7,498 | -16.7% |
| Taxes | 450/3 | €34,734 | €27,178 | -€7,556 | -21.8% |
| Remuneration and social security | 454/9 | €10,055 | €10,113 | +€58 | +0.6% |
| Other amounts payable | 47/48 | €107,363 | €103,118 | -€4,245 | -4.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €86,580 | €0 | -€86,580 | -100% |
| Remuneration, social security and pensions | 62 | €120,784 | €150,118 | +€29,335 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,802 | €85,011 | +€26,210 | +44.6% |
| Other operating charges | 640/8 | €4,395 | €15,567 | +€11,172 | +254% |
| Non-recurring operating charges | 66A | €108,203 | €0 | -€108,203 | -100% |
| Gross operating margin | 9900 | €431,328 | €460,865 | +€29,537 | +6.8% |
| Operating profit (loss) | 9901 | €139,144 | €210,168 | +€71,024 | +51.0% |
| Financial income | 75/76B | €5,118 | €3,370 | -€1,748 | -34.2% |
| Recurring financial income | 75 | €4,406 | €3,370 | -€1,036 | -23.5% |
| Non-recurring financial income | 76B | €712 | €0 | -€712 | -100% |
| Financial charges | 65/66B | €14,745 | €11,427 | -€3,318 | -22.5% |
| Recurring financial charges | 65 | €14,745 | €11,427 | -€3,318 | -22.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €129,518 | €202,112 | +€72,594 | +56.0% |
| Income taxes | 67/77 | €44,577 | €67,975 | +€23,398 | +52.5% |
| Profit (loss) for the period | 9904 | €84,941 | €134,137 | +€49,196 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €84,941 | €134,137 | +€49,196 | +57.9% |
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 17 October 2026 via checked.be.