KoHyVe: 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.
KoHyVe
Largest movements
- Tangible fixed assets +€63,204
up €63,204 (+370%), from €17,066 to €80,270
of which Leasing and similar rights: +€66,894
- Intangible fixed assets -€60,000
down €60,000 (-14.3%), from €420,000 to €360,000
- Receivables within one year -€44,378
down €44,378 (-56.0%), from €79,253 to €34,875
of which Other amounts receivable: -€55,053
- Debts after one year -€17,454
down €17,454 (-7.7%), from €225,225 to €207,770
- Current portion of long-term debt +€16,926
up €16,926 (+22.9%), from €73,931 to €90,857
- Other debts -€16,195
down €16,195 (-24.1%), from €67,254 to €51,058
- Short-term financial debts -€13,815
no longer reported in 2025 (was €13,815)
- Trade debts -€10,030
down €10,030 (-73.0%), from €13,740 to €3,711
- Depreciation +€12,853
up €12,853 (+20.5%), from €62,758 to €75,611
- Staff costs -€11,167
down €11,167 (-11.2%), from €99,342 to €88,174
- Gross operating margin -€9,629
down €9,629 (-4.2%), from €231,078 to €221,449
- Other operating charges +€3,355
up €3,355 (+208%), from €1,614 to €4,969
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 | €528,674 | €481,385 | -€47,288 | -8.9% |
| Fixed assets | 21/28 | €437,066 | €441,230 | +€4,164 | +1.0% |
| Intangible fixed assets | 21 | €420,000 | €360,000 | -€60,000 | -14.3% |
| Tangible fixed assets | 22/27 | €17,066 | €80,270 | +€63,204 | +370% |
| Furniture and vehicles | 24 | €4,345 | €3,584 | -€761 | -17.5% |
| Leasing and similar rights | 25 | - | €66,894 | +€66,894 | |
| Other tangible fixed assets | 26 | €12,721 | €9,792 | -€2,929 | -23.0% |
| Financial fixed assets | 28 | - | €960 | +€960 | |
| Current assets | 29/58 | €91,608 | €40,155 | -€51,453 | -56.2% |
| Amounts receivable within one year | 40/41 | €79,253 | €34,875 | -€44,378 | -56.0% |
| Trade receivables | 40 | €20,531 | €31,206 | +€10,675 | +52.0% |
| Other amounts receivable | 41 | €58,722 | €3,668 | -€55,053 | -93.8% |
| Cash at bank and in hand | 54/58 | €8,779 | €5,102 | -€3,676 | -41.9% |
| Deferred charges and accrued income | 490/1 | €3,576 | €178 | -€3,398 | -95.0% |
| Total equity and liabilities | 10/49 | €528,674 | €481,385 | -€47,288 | -8.9% |
| Equity | 10/15 | €113,785 | €114,568 | +€783 | +0.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €107,785 | €108,568 | +€783 | +0.7% |
| Distributable reserves | 133 | €107,785 | €108,568 | +€783 | +0.7% |
| Amounts payable | 17/49 | €414,889 | €366,817 | -€48,071 | -11.6% |
| Amounts payable after more than one year | 17 | €225,225 | €207,770 | -€17,454 | -7.7% |
| Financial debts | 170/4 | €225,225 | €207,770 | -€17,454 | -7.7% |
| Amounts payable within one year | 42/48 | €189,181 | €158,674 | -€30,507 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €73,931 | €90,857 | +€16,926 | +22.9% |
| Financial debts | 43 | €13,815 | - | -€13,815 | |
| Credit institutions | 430/8 | €13,815 | - | -€13,815 | |
| Trade debts | 44 | €13,740 | €3,711 | -€10,030 | -73.0% |
| Suppliers | 440/4 | €13,740 | €3,711 | -€10,030 | -73.0% |
| Taxes, remuneration and social security | 45 | €20,440 | €13,047 | -€7,393 | -36.2% |
| Taxes | 450/3 | €5,035 | €931 | -€4,104 | -81.5% |
| Remuneration and social security | 454/9 | €15,405 | €12,116 | -€3,289 | -21.3% |
| Other amounts payable | 47/48 | €67,254 | €51,058 | -€16,195 | -24.1% |
| Accrued charges and deferred income | 492/3 | €484 | €373 | -€110 | -22.8% |
| Remuneration, social security and pensions | 62 | €99,342 | €88,174 | -€11,167 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,758 | €75,611 | +€12,853 | +20.5% |
| Other operating charges | 640/8 | €1,614 | €4,969 | +€3,355 | +208% |
| Non-recurring operating charges | 66A | - | €396 | +€396 | |
| Gross operating margin | 9900 | €231,078 | €221,449 | -€9,629 | -4.2% |
| Operating profit (loss) | 9901 | €67,365 | €52,298 | -€15,067 | -22.4% |
| Financial income | 75/76B | €1,781 | €621 | -€1,160 | -65.1% |
| Recurring financial income | 75 | €1,781 | €621 | -€1,160 | -65.1% |
| Financial charges | 65/66B | €7,634 | €8,945 | +€1,311 | +17.2% |
| Recurring financial charges | 65 | €7,634 | €8,945 | +€1,311 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €61,512 | €43,974 | -€17,538 | -28.5% |
| Income taxes | 67/77 | €901 | €191 | -€710 | -78.8% |
| Profit (loss) for the period | 9904 | €60,611 | €43,783 | -€16,828 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,611 | €43,783 | -€16,828 | -27.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.