KOJI: 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.
KOJI
Largest movements
- Cash -€28,772
down €28,772 (-16.6%), from €173,618 to €144,846
mainly Net result for the year (-€24,873) and Other debts (-€12,625)
- Tangible fixed assets -€9,029
down €9,029 (-16.2%), from €55,808 to €46,779
of which Furniture and vehicles: -€7,018
- Receivables within one year +€5,680
new in 2025: €5,680
- Profit (loss) carried forward -€24,872
down €24,872 (-17.7%), from €140,342 to €115,470
- Other debts -€12,625
down €12,625 (-21.3%), from €59,239 to €46,614
- Trade debts +€6,430
up €6,430 (+121.0%), from €5,316 to €11,746
- Gross operating margin -€47,793
down €47,793 (-17.4%), from €275,015 to €227,222
- Taxes -€13,509
down €13,509, from €12,000 to -€1,509
- Staff costs +€13,335
up €13,335 (+6.1%), from €220,129 to €233,464
- Depreciation -€10,115
down €10,115 (-33.5%), from €30,176 to €20,061
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 | €249,635 | €216,738 | -€32,897 | -13.2% |
| Fixed assets | 21/28 | €62,037 | €52,812 | -€9,225 | -14.9% |
| Tangible fixed assets | 22/27 | €55,808 | €46,779 | -€9,029 | -16.2% |
| Land and buildings | 22 | €8,331 | €4,516 | -€3,815 | -45.8% |
| Plant, machinery and equipment | 23 | €14,641 | €16,445 | +€1,804 | +12.3% |
| Furniture and vehicles | 24 | €32,836 | €25,818 | -€7,018 | -21.4% |
| Financial fixed assets | 28 | €6,229 | €6,033 | -€196 | -3.1% |
| Current assets | 29/58 | €187,598 | €163,926 | -€23,672 | -12.6% |
| Stocks and contracts in progress | 3 | €13,980 | €13,400 | -€580 | -4.1% |
| Stocks | 30/36 | €13,980 | €13,400 | -€580 | -4.1% |
| Amounts receivable within one year | 40/41 | - | €5,680 | +€5,680 | |
| Trade receivables | 40 | - | €5,680 | +€5,680 | |
| Cash at bank and in hand | 54/58 | €173,618 | €144,846 | -€28,772 | -16.6% |
| Total equity and liabilities | 10/49 | €249,635 | €216,738 | -€32,897 | -13.2% |
| Equity | 10/15 | €158,942 | €134,070 | -€24,872 | -15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,342 | €115,470 | -€24,872 | -17.7% |
| Amounts payable | 17/49 | €90,693 | €82,668 | -€8,025 | -8.8% |
| Amounts payable within one year | 42/48 | €90,693 | €82,668 | -€8,025 | -8.8% |
| Trade debts | 44 | €5,316 | €11,746 | +€6,430 | +121.0% |
| Suppliers | 440/4 | €5,316 | €11,746 | +€6,430 | +121.0% |
| Taxes, remuneration and social security | 45 | €26,138 | €24,308 | -€1,830 | -7.0% |
| Taxes | 450/3 | €26,138 | €24,308 | -€1,830 | -7.0% |
| Other amounts payable | 47/48 | €59,239 | €46,614 | -€12,625 | -21.3% |
| Remuneration, social security and pensions | 62 | €220,129 | €233,464 | +€13,335 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,176 | €20,061 | -€10,115 | -33.5% |
| Gross operating margin | 9900 | €275,015 | €227,222 | -€47,793 | -17.4% |
| Operating profit (loss) | 9901 | €24,710 | -€26,303 | -€51,013 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €96 | €84 | -€12 | -12.5% |
| Recurring financial charges | 65 | €96 | €84 | -€12 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €24,614 | -€26,382 | -€50,996 | |
| Income taxes | 67/77 | €12,000 | -€1,509 | -€13,509 | |
| Profit (loss) for the period | 9904 | €12,614 | -€24,873 | -€37,487 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,614 | -€24,873 | -€37,487 |
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 6 October 2026 via checked.be.