KOK & KO: 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.
KOK & KO
Largest movements
- Cash -€6,164
down €6,164 (-81.9%), from €7,523 to €1,359
mainly Trade debts (-€31,778) and Current portion of long-term debt (-€6,096)
- Receivables within one year -€4,138
down €4,138 (-75.8%), from €5,460 to €1,322
- Tangible fixed assets -€1,941
down €1,941 (-36.4%), from €5,327 to €3,386
of which Furniture and vehicles: -€1,773
- Deferred charges and accrued income +€1,350
up €1,350 (+2,981%), from €45 to €1,396
- Trade debts -€31,778
down €31,778 (-52.8%), from €60,239 to €28,462
- Profit (loss) carried forward +€16,836
up €16,836 (+24.4%), from -€69,062 to -€52,227
- Other debts +€13,689
new in 2025: €13,689
- Current portion of long-term debt -€6,096
down €6,096 (-100%), from €6,096 to €0
- Tax, wage and social debts -€4,155
down €4,155 (-25.8%), from €16,097 to €11,942
of which Remuneration and social security: -€5,790
- Staff costs -€33,848
down €33,848 (-36.8%), from €91,895 to €58,047
- Gross operating margin +€18,398
up €18,398 (+28.3%), from €65,025 to €83,423
- Other operating charges +€2,172
up €2,172 (+113%), from €1,930 to €4,102
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 | €21,855 | €10,962 | -€10,893 | -49.8% |
| Fixed assets | 21/28 | €5,327 | €3,386 | -€1,941 | -36.4% |
| Tangible fixed assets | 22/27 | €5,327 | €3,386 | -€1,941 | -36.4% |
| Plant, machinery and equipment | 23 | €168 | €0 | -€168 | -100% |
| Furniture and vehicles | 24 | €5,159 | €3,386 | -€1,773 | -34.4% |
| Current assets | 29/58 | €16,528 | €7,576 | -€8,952 | -54.2% |
| Stocks and contracts in progress | 3 | €3,500 | €3,500 | = | 0.0% |
| Stocks | 30/36 | €3,500 | €3,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,460 | €1,322 | -€4,138 | -75.8% |
| Other amounts receivable | 41 | €5,460 | €1,322 | -€4,138 | -75.8% |
| Cash at bank and in hand | 54/58 | €7,523 | €1,359 | -€6,164 | -81.9% |
| Deferred charges and accrued income | 490/1 | €45 | €1,396 | +€1,350 | +2,981% |
| Total equity and liabilities | 10/49 | €21,855 | €10,962 | -€10,893 | -49.8% |
| Equity | 10/15 | -€60,997 | -€44,161 | +€16,836 | +27.6% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,062 | -€52,227 | +€16,836 | +24.4% |
| Amounts payable | 17/49 | €82,852 | €55,124 | -€27,728 | -33.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €82,852 | €55,124 | -€27,728 | -33.5% |
| Current portion of amounts payable after more than one year | 42 | €6,096 | €0 | -€6,096 | -100% |
| Trade debts | 44 | €60,239 | €28,462 | -€31,778 | -52.8% |
| Suppliers | 440/4 | €60,239 | €28,462 | -€31,778 | -52.8% |
| Advances received on contracts in progress | 46 | €420 | €1,030 | +€610 | +145% |
| Taxes, remuneration and social security | 45 | €16,097 | €11,942 | -€4,155 | -25.8% |
| Taxes | 450/3 | €2,012 | €3,648 | +€1,636 | +81.3% |
| Remuneration and social security | 454/9 | €14,085 | €8,295 | -€5,790 | -41.1% |
| Other amounts payable | 47/48 | - | €13,689 | +€13,689 | |
| Remuneration, social security and pensions | 62 | €91,895 | €58,047 | -€33,848 | -36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,005 | €1,941 | -€64 | -3.2% |
| Other operating charges | 640/8 | €1,930 | €4,102 | +€2,172 | +113% |
| Gross operating margin | 9900 | €65,025 | €83,423 | +€18,398 | +28.3% |
| Operating profit (loss) | 9901 | -€30,806 | €19,333 | +€50,139 | |
| Financial income | 75/76B | €591 | €109 | -€482 | -81.6% |
| Recurring financial income | 75 | €591 | €109 | -€482 | -81.6% |
| Financial charges | 65/66B | €2,842 | €2,186 | -€656 | -23.1% |
| Recurring financial charges | 65 | €2,842 | €2,186 | -€656 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | -€33,057 | €17,255 | +€50,313 | |
| Income taxes | 67/77 | €410 | €420 | +€10 | +2.5% |
| Profit (loss) for the period | 9904 | -€33,467 | €16,836 | +€50,303 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,467 | €16,836 | +€50,303 |
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.