KOJO: 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.
KOJO
Largest movements
- Receivables within one year +€277,486
up €277,486 (+18.4%), from €1.5m to €1.8m
of which Other amounts receivable: +€283,265
- Deferred charges and accrued income -€178,716
down €178,716 (-100%), from €178,716 to €0
- Cash -€93,068
down €93,068 (-79.6%), from €116,929 to €23,861
mainly Receivables within one year (-€277,486) and Tax, wage and social debts (-€134,416)
- Tax, wage and social debts -€134,416
down €134,416 (-74.5%), from €180,425 to €46,009
of which Taxes: -€136,407
- Reserves +€130,803
up €130,803 (+2.1%), from €6.2m to €6.3m
of which Distributable reserves: +€130,803
- Gross operating margin -€458,766
down €458,766 (-55.4%), from €827,690 to €368,925
- Financial income -€296,763
down €296,763 (-99.9%), from €297,059 to €296
- Taxes -€175,276
down €175,276 (-75.7%), from €231,426 to €56,150
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 | €6,484,683 | €6,490,385 | +€5,703 | +0.1% |
| Fixed assets | 21/28 | €4,681,543 | €4,681,543 | = | 0.0% |
| Financial fixed assets | 28 | €4,681,543 | €4,681,543 | = | 0.0% |
| Current assets | 29/58 | €1,803,139 | €1,808,842 | +€5,703 | +0.3% |
| Amounts receivable within one year | 40/41 | €1,507,495 | €1,784,981 | +€277,486 | +18.4% |
| Trade receivables | 40 | €5,778 | €0 | -€5,778 | -100% |
| Other amounts receivable | 41 | €1,501,716 | €1,784,981 | +€283,265 | +18.9% |
| Cash at bank and in hand | 54/58 | €116,929 | €23,861 | -€93,068 | -79.6% |
| Deferred charges and accrued income | 490/1 | €178,716 | €0 | -€178,716 | -100% |
| Total equity and liabilities | 10/49 | €6,484,683 | €6,490,385 | +€5,703 | +0.1% |
| Equity | 10/15 | €6,268,387 | €6,399,190 | +€130,803 | +2.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,206,387 | €6,337,190 | +€130,803 | +2.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €6,200,187 | €6,330,990 | +€130,803 | +2.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €216,295 | €91,195 | -€125,100 | -57.8% |
| Amounts payable within one year | 42/48 | €214,853 | €90,451 | -€124,402 | -57.9% |
| Trade debts | 44 | €8,640 | €15,229 | +€6,589 | +76.3% |
| Suppliers | 440/4 | €8,640 | €15,229 | +€6,589 | +76.3% |
| Taxes, remuneration and social security | 45 | €180,425 | €46,009 | -€134,416 | -74.5% |
| Taxes | 450/3 | €152,468 | €16,062 | -€136,407 | -89.5% |
| Remuneration and social security | 454/9 | €27,957 | €29,947 | +€1,991 | +7.1% |
| Other amounts payable | 47/48 | €25,788 | €29,213 | +€3,425 | +13.3% |
| Accrued charges and deferred income | 492/3 | €1,442 | €744 | -€698 | -48.4% |
| Non-recurring operating income | 76A | - | €1,944 | +€1,944 | |
| Remuneration, social security and pensions | 62 | €172,495 | €174,948 | +€2,453 | +1.4% |
| Other operating charges | 640/8 | €1,105 | €1,135 | +€31 | +2.8% |
| Non-recurring operating charges | 66A | - | €6,139 | +€6,139 | |
| Gross operating margin | 9900 | €827,690 | €368,925 | -€458,766 | -55.4% |
| Operating profit (loss) | 9901 | €654,091 | €186,702 | -€467,388 | -71.5% |
| Financial income | 75/76B | €297,059 | €296 | -€296,763 | -99.9% |
| Recurring financial income | 75 | €297,059 | €296 | -€296,763 | -99.9% |
| Financial charges | 65/66B | €44 | €45 | +€1 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€1 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €951,106 | €186,953 | -€764,153 | -80.3% |
| Income taxes | 67/77 | €231,426 | €56,150 | -€175,276 | -75.7% |
| Profit (loss) for the period | 9904 | €719,680 | €130,803 | -€588,877 | -81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €719,680 | €130,803 | -€588,877 | -81.8% |
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 30 October 2026 via checked.be.