KOHUBO: 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.
KOHUBO
Largest movements
- Cash -€352,257
down €352,257 (-78.4%), from €449,432 to €97,175
mainly Current investments (-€297,420) and Tax, wage and social debts (-€76,833)
- Current investments +€297,420
new in 2025: €297,420
- Receivables within one year +€9,627
up €9,627 (+115%), from €8,381 to €18,008
of which Other amounts receivable: +€6,780
- Tax, wage and social debts -€76,833
down €76,833 (-49.6%), from €154,807 to €77,974
- Reserves +€44,368
up €44,368 (+11.7%), from €378,751 to €423,119
- Provisions -€6,000
down €6,000 (-100%), from €6,000 to €0
- Trade debts -€5,982
down €5,982 (-35.4%), from €16,877 to €10,895
- Gross operating margin -€149,596
down €149,596 (-63.7%), from €234,856 to €85,260
- Taxes -€45,138
down €45,138 (-64.7%), from €69,784 to €24,646
- Provisions -€6,000
new in 2025: -€6,000
- Depreciation -€4,025
down €4,025 (-35.7%), from €11,278 to €7,253
- Financial charges +€2,643
up €2,643 (+780%), from €339 to €2,982
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 | €559,063 | €512,729 | -€46,334 | -8.3% |
| Fixed assets | 21/28 | €100,208 | €97,503 | -€2,705 | -2.7% |
| Tangible fixed assets | 22/27 | €100,208 | €97,503 | -€2,705 | -2.7% |
| Land and buildings | 22 | €87,130 | €88,438 | +€1,309 | +1.5% |
| Plant, machinery and equipment | 23 | €11,734 | €7,987 | -€3,747 | -31.9% |
| Furniture and vehicles | 24 | €1,116 | €1,077 | -€39 | -3.5% |
| Leasing and similar rights | 25 | €228 | €0 | -€228 | -100% |
| Current assets | 29/58 | €458,856 | €415,227 | -€43,629 | -9.5% |
| Amounts receivable within one year | 40/41 | €8,381 | €18,008 | +€9,627 | +115% |
| Trade receivables | 40 | - | €2,846 | +€2,846 | |
| Other amounts receivable | 41 | €8,381 | €15,162 | +€6,780 | +80.9% |
| Current investments | 50/53 | - | €297,420 | +€297,420 | |
| Cash at bank and in hand | 54/58 | €449,432 | €97,175 | -€352,257 | -78.4% |
| Deferred charges and accrued income | 490/1 | €1,042 | €2,624 | +€1,582 | +152% |
| Total equity and liabilities | 10/49 | €559,063 | €512,729 | -€46,334 | -8.3% |
| Equity | 10/15 | €379,493 | €423,860 | +€44,368 | +11.7% |
| Reserves | 13 | €378,751 | €423,119 | +€44,368 | +11.7% |
| Distributable reserves | 133 | €378,751 | €423,119 | +€44,368 | +11.7% |
| Profit (loss) carried forward | 14 | €741 | €741 | = | 0.0% |
| Provisions and deferred taxes | 16 | €6,000 | €0 | -€6,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €6,000 | €0 | -€6,000 | -100% |
| Pensions and similar obligations | 160 | €6,000 | €0 | -€6,000 | -100% |
| Amounts payable | 17/49 | €173,571 | €88,869 | -€84,702 | -48.8% |
| Amounts payable within one year | 42/48 | €173,571 | €88,869 | -€84,702 | -48.8% |
| Trade debts | 44 | €16,877 | €10,895 | -€5,982 | -35.4% |
| Suppliers | 440/4 | €16,877 | €10,895 | -€5,982 | -35.4% |
| Taxes, remuneration and social security | 45 | €154,807 | €77,974 | -€76,833 | -49.6% |
| Taxes | 450/3 | €154,807 | €77,974 | -€76,833 | -49.6% |
| Other amounts payable | 47/48 | €1,886 | €0 | -€1,886 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,278 | €7,253 | -€4,025 | -35.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€6,000 | -€6,000 | |
| Other operating charges | 640/8 | €5,051 | €3,966 | -€1,085 | -21.5% |
| Non-recurring operating charges | 66A | - | €2,259 | +€2,259 | |
| Gross operating margin | 9900 | €234,856 | €85,260 | -€149,596 | -63.7% |
| Operating profit (loss) | 9901 | €218,527 | €77,783 | -€140,744 | -64.4% |
| Financial income | 75/76B | €150 | €1,881 | +€1,731 | +1,156% |
| Recurring financial income | 75 | €150 | €1,881 | +€1,731 | +1,156% |
| Financial charges | 65/66B | €339 | €2,982 | +€2,643 | +780% |
| Recurring financial charges | 65 | €339 | €2,982 | +€2,643 | +780% |
| Profit (loss) for the period before taxes | 9903 | €218,338 | €76,682 | -€141,657 | -64.9% |
| Income taxes | 67/77 | €69,784 | €24,646 | -€45,138 | -64.7% |
| Profit (loss) for the period | 9904 | €148,554 | €52,035 | -€96,519 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €148,554 | €52,035 | -€96,519 | -65.0% |
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 19 October 2026 via checked.be.