Kojjo: 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.
Kojjo
Largest movements
- Deferred charges and accrued income +€32,088
up €32,088 (+1178.1%), from €2,724 to €34,812
- Tangible fixed assets +€16,791
up €16,791 (+193.2%), from €8,693 to €25,484
of which Other tangible fixed assets: +€15,430
- Cash -€13,892
down €13,892 (-50.5%), from €27,483 to €13,591
mainly Contributions, distributions and other (-€54,878) and Deferred charges and accrued income (-€32,088)
- Receivables within one year -€11,012
down €11,012 (-79.4%), from €13,872 to €2,861
of which Trade receivables: -€6,119
- Tax, wage and social debts +€12,431
up €12,431 (+119.5%), from €10,405 to €22,836
of which Taxes: +€13,681
- Advances received +€8,724
up €8,724 (+68.5%), from €12,735 to €21,459
- Trade debts -€8,562
down €8,562 (-65.4%), from €13,093 to €4,531
- Current portion of long-term debt +€6,246
up €6,246 (+42.3%), from €14,776 to €21,021
- Debts after one year +€2,309
up €2,309 (+49.5%), from €4,664 to €6,973
- Gross operating margin +€52,537
up €52,537 (+127.3%), from €41,266 to €93,803
- Taxes +€16,483
up €16,483 (+139.9%), from €11,785 to €28,268
- Depreciation +€1,099
up €1,099 (+34.6%), from €3,176 to €4,274
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 | €60,272 | €84,247 | +€23,975 | +39.8% |
| Fixed assets | 21/28 | €16,193 | €32,984 | +€16,791 | +103.7% |
| Tangible fixed assets | 22/27 | €8,693 | €25,484 | +€16,791 | +193.2% |
| Plant, machinery and equipment | 23 | €61 | €0 | -€61 | -100.0% |
| Furniture and vehicles | 24 | €3,466 | €5,832 | +€2,366 | +68.3% |
| Leasing and similar rights | 25 | €2,281 | €1,337 | -€944 | -41.4% |
| Other tangible fixed assets | 26 | €2,885 | €18,315 | +€15,430 | +534.8% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €44,079 | €51,264 | +€7,185 | +16.3% |
| Amounts receivable within one year | 40/41 | €13,872 | €2,861 | -€11,012 | -79.4% |
| Trade receivables | 40 | €8,293 | €2,174 | -€6,119 | -73.8% |
| Other amounts receivable | 41 | €5,579 | €687 | -€4,892 | -87.7% |
| Cash at bank and in hand | 54/58 | €27,483 | €13,591 | -€13,892 | -50.5% |
| Deferred charges and accrued income | 490/1 | €2,724 | €34,812 | +€32,088 | +1178.1% |
| Total equity and liabilities | 10/49 | €60,272 | €84,247 | +€23,975 | +39.8% |
| Equity | 10/15 | €4,144 | €6,425 | +€2,281 | +55.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €644 | €2,925 | +€2,281 | +354.1% |
| Amounts payable | 17/49 | €56,128 | €77,822 | +€21,694 | +38.7% |
| Amounts payable after more than one year | 17 | €4,664 | €6,973 | +€2,309 | +49.5% |
| Financial debts | 170/4 | €4,664 | €6,973 | +€2,309 | +49.5% |
| Amounts payable within one year | 42/48 | €51,463 | €70,849 | +€19,386 | +37.7% |
| Current portion of amounts payable after more than one year | 42 | €14,776 | €21,021 | +€6,246 | +42.3% |
| Trade debts | 44 | €13,093 | €4,531 | -€8,562 | -65.4% |
| Suppliers | 440/4 | €13,093 | €4,531 | -€8,562 | -65.4% |
| Advances received on contracts in progress | 46 | €12,735 | €21,459 | +€8,724 | +68.5% |
| Taxes, remuneration and social security | 45 | €10,405 | €22,836 | +€12,431 | +119.5% |
| Taxes | 450/3 | €9,155 | €22,836 | +€13,681 | +149.4% |
| Remuneration and social security | 454/9 | €1,250 | €0 | -€1,250 | -100.0% |
| Other amounts payable | 47/48 | €455 | €1,002 | +€547 | +120.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,176 | €4,274 | +€1,099 | +34.6% |
| Other operating charges | 640/8 | €1,443 | €1,901 | +€459 | +31.8% |
| Gross operating margin | 9900 | €41,266 | €93,803 | +€52,537 | +127.3% |
| Operating profit (loss) | 9901 | €36,648 | €87,628 | +€50,980 | +139.1% |
| Financial income | 75/76B | €5 | €418 | +€414 | +9071.9% |
| Recurring financial income | 75 | €5 | €418 | +€414 | +9071.9% |
| Financial charges | 65/66B | €1,738 | €2,619 | +€880 | +50.6% |
| Recurring financial charges | 65 | €1,738 | €2,619 | +€880 | +50.6% |
| Profit (loss) for the period before taxes | 9903 | €34,914 | €85,427 | +€50,513 | +144.7% |
| Income taxes | 67/77 | €11,785 | €28,268 | +€16,483 | +139.9% |
| Profit (loss) for the period | 9904 | €23,129 | €57,159 | +€34,030 | +147.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,129 | €57,159 | +€34,030 | +147.1% |
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 3 October 2026 via checked.be.