KOHNA: 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.
KOHNA
Largest movements
- Cash -€11,532
down €11,532 (-18.0%), from €64,176 to €52,645
mainly Contributions, distributions and other (-€48,000) and Other debts (-€19,060)
- Deferred charges and accrued income +€6,573
up €6,573 (+221.0%), from €2,974 to €9,547
- Tangible fixed assets +€2,999
up €2,999 (+79.7%), from €3,764 to €6,763
- Receivables within one year -€2,900
down €2,900 (-6.7%), from €43,554 to €40,654
- Other debts -€19,060
down €19,060 (-27.9%), from €68,257 to €49,197
- Accrued charges and deferred income +€8,700
new in 2025: €8,700
- Tax, wage and social debts +€2,964
up €2,964 (+580.6%), from €511 to €3,475
- Profit (loss) carried forward +€1,598
up €1,598 (+4.0%), from €39,750 to €41,349
- Other operating charges -€27,073
down €27,073 (-97.8%), from €27,674 to €602
- Gross operating margin -€15,764
down €15,764 (-19.2%), from €81,920 to €66,155
- Taxes +€8,126
up €8,126 (+147.5%), from €5,511 to €13,637
- Depreciation +€1,208
up €1,208 (+151.1%), from €800 to €2,008
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 | €114,519 | €109,659 | -€4,860 | -4.2% |
| Fixed assets | 21/28 | €3,814 | €6,813 | +€2,999 | +78.6% |
| Tangible fixed assets | 22/27 | €3,764 | €6,763 | +€2,999 | +79.7% |
| Furniture and vehicles | 24 | €3,764 | €6,763 | +€2,999 | +79.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €110,704 | €102,846 | -€7,859 | -7.1% |
| Amounts receivable within one year | 40/41 | €43,554 | €40,654 | -€2,900 | -6.7% |
| Trade receivables | 40 | €43,554 | €40,654 | -€2,900 | -6.7% |
| Cash at bank and in hand | 54/58 | €64,176 | €52,645 | -€11,532 | -18.0% |
| Deferred charges and accrued income | 490/1 | €2,974 | €9,547 | +€6,573 | +221.0% |
| Total equity and liabilities | 10/49 | €114,519 | €109,659 | -€4,860 | -4.2% |
| Equity | 10/15 | €44,750 | €46,349 | +€1,598 | +3.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,750 | €41,349 | +€1,598 | +4.0% |
| Amounts payable | 17/49 | €69,768 | €63,310 | -€6,458 | -9.3% |
| Amounts payable within one year | 42/48 | €69,768 | €54,610 | -€15,158 | -21.7% |
| Trade debts | 44 | €1,001 | €1,938 | +€937 | +93.6% |
| Suppliers | 440/4 | €1,001 | €1,938 | +€937 | +93.6% |
| Taxes, remuneration and social security | 45 | €511 | €3,475 | +€2,964 | +580.6% |
| Taxes | 450/3 | €511 | €3,475 | +€2,964 | +580.6% |
| Other amounts payable | 47/48 | €68,257 | €49,197 | -€19,060 | -27.9% |
| Accrued charges and deferred income | 492/3 | - | €8,700 | +€8,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €800 | €2,008 | +€1,208 | +151.1% |
| Other operating charges | 640/8 | €27,674 | €602 | -€27,073 | -97.8% |
| Gross operating margin | 9900 | €81,920 | €66,155 | -€15,764 | -19.2% |
| Operating profit (loss) | 9901 | €53,446 | €63,545 | +€10,100 | +18.9% |
| Financial charges | 65/66B | €999 | €310 | -€689 | -69.0% |
| Recurring financial charges | 65 | €999 | €310 | -€689 | -69.0% |
| Profit (loss) for the period before taxes | 9903 | €52,447 | €63,235 | +€10,788 | +20.6% |
| Income taxes | 67/77 | €5,511 | €13,637 | +€8,126 | +147.5% |
| Profit (loss) for the period | 9904 | €46,936 | €49,598 | +€2,662 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,936 | €49,598 | +€2,662 | +5.7% |
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 4 October 2026 via checked.be.