KOIF: 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.
KOIF
Largest movements
- Stocks and contracts +€130,668
up €130,668 (+7.7%), from €1.7m to €1.8m
- Cash -€117,665
down €117,665 (-34.5%), from €341,087 to €223,422
mainly Stocks and contracts (-€130,668) and Receivables within one year (-€87,633)
- Receivables within one year +€87,633
up €87,633 (+17.0%), from €516,835 to €604,468
of which Trade receivables: +€100,058
- Tangible fixed assets -€84,824
down €84,824 (-5.9%), from €1.4m to €1.4m
of which Land and buildings: -€58,353
- Other debts +€97,603
up €97,603 (+259%), from €37,746 to €135,349
- Debts after one year -€71,842
down €71,842 (-7.9%), from €912,883 to €841,040
of which Financial debts: -€71,842
- Trade debts -€51,556
down €51,556 (-2.3%), from €2.2m to €2.2m
- Gross operating margin -€65,166
down €65,166 (-13.4%), from €487,368 to €422,202
- Other operating charges -€13,077
down €13,077 (-26.3%), from €49,742 to €36,665
- Staff costs +€10,865
up €10,865 (+5.1%), from €214,537 to €225,402
- Financial income +€4,919
up €4,919 (+157%), from €3,137 to €8,057
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 | €4,141,661 | €4,138,758 | -€2,903 | -0.1% |
| Fixed assets | 21/28 | €1,463,540 | €1,373,074 | -€90,467 | -6.2% |
| Intangible fixed assets | 21 | €17,130 | €11,488 | -€5,643 | -32.9% |
| Tangible fixed assets | 22/27 | €1,446,410 | €1,361,586 | -€84,824 | -5.9% |
| Land and buildings | 22 | €1,175,604 | €1,117,250 | -€58,353 | -5.0% |
| Plant, machinery and equipment | 23 | €54,809 | €44,701 | -€10,107 | -18.4% |
| Furniture and vehicles | 24 | €37,440 | €25,577 | -€11,863 | -31.7% |
| Other tangible fixed assets | 26 | €178,558 | €174,058 | -€4,500 | -2.5% |
| Current assets | 29/58 | €2,678,121 | €2,765,684 | +€87,563 | +3.3% |
| Stocks and contracts in progress | 3 | €1,688,908 | €1,819,576 | +€130,668 | +7.7% |
| Stocks | 30/36 | €1,688,908 | €1,819,576 | +€130,668 | +7.7% |
| Amounts receivable within one year | 40/41 | €516,835 | €604,468 | +€87,633 | +17.0% |
| Trade receivables | 40 | €346,316 | €446,375 | +€100,058 | +28.9% |
| Other amounts receivable | 41 | €170,518 | €158,093 | -€12,425 | -7.3% |
| Current investments | 50/53 | €103,608 | €105,083 | +€1,475 | +1.4% |
| Cash at bank and in hand | 54/58 | €341,087 | €223,422 | -€117,665 | -34.5% |
| Deferred charges and accrued income | 490/1 | €27,684 | €13,136 | -€14,547 | -52.5% |
| Total equity and liabilities | 10/49 | €4,141,661 | €4,138,758 | -€2,903 | -0.1% |
| Equity | 10/15 | €243,072 | €249,219 | +€6,147 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €224,472 | €230,619 | +€6,147 | +2.7% |
| Distributable reserves | 133 | €224,472 | €230,619 | +€6,147 | +2.7% |
| Amounts payable | 17/49 | €3,898,589 | €3,889,539 | -€9,050 | -0.2% |
| Amounts payable after more than one year | 17 | €912,883 | €841,040 | -€71,842 | -7.9% |
| Financial debts | 170/4 | €910,258 | €838,415 | -€71,842 | -7.9% |
| Other amounts payable | 178/9 | €2,625 | €2,625 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,985,707 | €3,048,498 | +€62,792 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €77,116 | €75,904 | -€1,212 | -1.6% |
| Financial debts | 43 | €400,000 | €400,000 | = | 0.0% |
| Credit institutions | 430/8 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €2,245,209 | €2,193,652 | -€51,556 | -2.3% |
| Suppliers | 440/4 | €2,245,209 | €2,193,652 | -€51,556 | -2.3% |
| Taxes, remuneration and social security | 45 | €225,636 | €243,594 | +€17,958 | +8.0% |
| Taxes | 450/3 | €198,697 | €215,291 | +€16,593 | +8.4% |
| Remuneration and social security | 454/9 | €26,939 | €28,303 | +€1,365 | +5.1% |
| Other amounts payable | 47/48 | €37,746 | €135,349 | +€97,603 | +259% |
| Remuneration, social security and pensions | 62 | €214,537 | €225,402 | +€10,865 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,768 | €91,710 | +€942 | +1.0% |
| Other operating charges | 640/8 | €49,742 | €36,665 | -€13,077 | -26.3% |
| Non-recurring operating charges | 66A | €63,587 | - | -€63,587 | |
| Gross operating margin | 9900 | €487,368 | €422,202 | -€65,166 | -13.4% |
| Operating profit (loss) | 9901 | €68,733 | €68,425 | -€308 | -0.4% |
| Financial income | 75/76B | €3,137 | €8,057 | +€4,919 | +157% |
| Recurring financial income | 75 | €3,137 | €8,057 | +€4,919 | +157% |
| Financial charges | 65/66B | €66,177 | €62,688 | -€3,489 | -5.3% |
| Recurring financial charges | 65 | €66,177 | €62,688 | -€3,489 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €5,694 | €13,794 | +€8,101 | +142% |
| Income taxes | 67/77 | €2,941 | €7,647 | +€4,706 | +160% |
| Profit (loss) for the period | 9904 | €2,752 | €6,147 | +€3,395 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €2,752 | €6,147 | +€3,395 | +123% |
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 15 October 2026 via checked.be.