KOJOMARY: 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.
KOJOMARY
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+367%), from €390,261 to €1.8m
of which Land and buildings: +€1.4m
- Receivables within one year +€38,931
up €38,931 (+1,117%), from €3,486 to €42,417
- Debts after one year +€1.5m
up €1.5m (+359%), from €407,390 to €1.9m
of which Financial debts: +€1.0m
- Profit (loss) carried forward -€104,850
down €104,850 (-159%), from -€65,951 to -€170,800
- Current portion of long-term debt +€62,528
up €62,528 (+316%), from €19,784 to €82,312
- Tax, wage and social debts +€47,088
new in 2025: €47,088
of which Remuneration and social security: +€41,421
- Gross operating margin +€321,316
up €321,316, from -€21,334 to €299,982
- Depreciation +€176,321
up €176,321 (+589%), from €29,922 to €206,243
- Staff costs +€153,765
new in 2025: €153,765
- Financial charges +€29,741
up €29,741 (+221%), from €13,486 to €43,228
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 | €395,678 | €1,872,555 | +€1.5m | +373% |
| Fixed assets | 21/28 | €390,261 | €1,823,723 | +€1.4m | +367% |
| Intangible fixed assets | 21 | - | €1 | +€1 | |
| Tangible fixed assets | 22/27 | €390,261 | €1,823,722 | +€1.4m | +367% |
| Land and buildings | 22 | €377,784 | €1,784,492 | +€1.4m | +372% |
| Plant, machinery and equipment | 23 | €9,418 | €30,393 | +€20,975 | +223% |
| Furniture and vehicles | 24 | €3,060 | €8,837 | +€5,777 | +189% |
| Current assets | 29/58 | €5,417 | €48,832 | +€43,415 | +801% |
| Amounts receivable after more than one year | 29 | €1,530 | - | -€1,530 | |
| Other amounts receivable | 291 | €1,530 | - | -€1,530 | |
| Stocks and contracts in progress | 3 | - | €245 | +€245 | |
| Stocks | 30/36 | - | €245 | +€245 | |
| Amounts receivable within one year | 40/41 | €3,486 | €42,417 | +€38,931 | +1,117% |
| Trade receivables | 40 | €3,486 | €42,417 | +€38,931 | +1,117% |
| Cash at bank and in hand | 54/58 | - | €1,002 | +€1,002 | |
| Deferred charges and accrued income | 490/1 | €401 | €5,168 | +€4,766 | +1,187% |
| Total equity and liabilities | 10/49 | €395,678 | €1,872,555 | +€1.5m | +373% |
| Equity | 10/15 | -€40,951 | -€145,800 | -€104,850 | -256% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,951 | -€170,800 | -€104,850 | -159% |
| Amounts payable | 17/49 | €436,629 | €2,018,356 | +€1.6m | +362% |
| Amounts payable after more than one year | 17 | €407,390 | €1,871,183 | +€1.5m | +359% |
| Financial debts | 170/4 | €405,677 | €1,447,961 | +€1.0m | +257% |
| Other amounts payable | 178/9 | €1,712 | €423,222 | +€421,510 | +24,617% |
| Amounts payable within one year | 42/48 | €28,021 | €136,642 | +€108,620 | +388% |
| Current portion of amounts payable after more than one year | 42 | €19,784 | €82,312 | +€62,528 | +316% |
| Financial debts | 43 | €7,950 | - | -€7,950 | |
| Credit institutions | 430/8 | €7,950 | - | -€7,950 | |
| Trade debts | 44 | €287 | €7,242 | +€6,954 | +2,421% |
| Suppliers | 440/4 | €287 | €7,242 | +€6,954 | +2,421% |
| Taxes, remuneration and social security | 45 | - | €47,088 | +€47,088 | |
| Taxes | 450/3 | - | €5,667 | +€5,667 | |
| Remuneration and social security | 454/9 | - | €41,421 | +€41,421 | |
| Accrued charges and deferred income | 492/3 | €1,218 | €10,531 | +€9,313 | +765% |
| Remuneration, social security and pensions | 62 | - | €153,765 | +€153,765 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,922 | €206,243 | +€176,321 | +589% |
| Other operating charges | 640/8 | €1,240 | €1,545 | +€305 | +24.6% |
| Gross operating margin | 9900 | -€21,334 | €299,982 | +€321,316 | |
| Operating profit (loss) | 9901 | -€52,497 | -€61,571 | -€9,074 | -17.3% |
| Financial income | 75/76B | €32 | €110 | +€78 | +242% |
| Recurring financial income | 75 | €32 | €110 | +€78 | +242% |
| Financial charges | 65/66B | €13,486 | €43,228 | +€29,741 | +221% |
| Recurring financial charges | 65 | €13,486 | €43,228 | +€29,741 | +221% |
| Profit (loss) for the period before taxes | 9903 | -€65,951 | -€104,688 | -€38,737 | -58.7% |
| Income taxes | 67/77 | - | €162 | +€162 | |
| Profit (loss) for the period | 9904 | -€65,951 | -€104,850 | -€38,899 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,951 | -€104,850 | -€38,899 | -59.0% |
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 24 October 2026 via checked.be.