KOK & REL: 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 & REL
Largest movements
- Receivables within one year +€16,307
up €16,307 (+29.4%), from €55,455 to €71,762
of which Other amounts receivable: +€13,251
- Cash -€7,756
down €7,756 (-10.3%), from €75,143 to €67,388
mainly Receivables within one year (-€16,307) and Debts after one year (-€12,643)
- Deferred charges and accrued income +€3,388
up €3,388 (+81.8%), from €4,140 to €7,528
- Tangible fixed assets -€3,075
down €3,075 (-2.9%), from €106,534 to €103,459
of which Other tangible fixed assets: -€4,986
- Reserves +€32,812
up €32,812 (+27.7%), from €118,627 to €151,439
- Debts after one year -€12,643
down €12,643 (-24.8%), from €51,044 to €38,401
- Tax, wage and social debts -€6,662
down €6,662 (-17.7%), from €37,694 to €31,033
of which Taxes: -€6,662
- Trade debts -€4,925
down €4,925 (-45.5%), from €10,823 to €5,898
- Gross operating margin +€3,374
up €3,374 (+5.1%), from €66,152 to €69,526
- Taxes +€3,045
up €3,045 (+22.8%), from €13,365 to €16,410
- Depreciation -€1,267
down €1,267 (-8.1%), from €15,716 to €14,449
- Financial charges +€944
up €944 (+40.9%), from €2,310 to €3,254
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 | €241,272 | €250,137 | +€8,865 | +3.7% |
| Fixed assets | 21/28 | €106,534 | €103,459 | -€3,075 | -2.9% |
| Tangible fixed assets | 22/27 | €106,534 | €103,459 | -€3,075 | -2.9% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €252 | €52 | -€200 | -79.5% |
| Furniture and vehicles | 24 | €1,057 | €3,168 | +€2,111 | +200% |
| Other tangible fixed assets | 26 | €105,225 | €100,240 | -€4,986 | -4.7% |
| Current assets | 29/58 | €134,739 | €146,678 | +€11,939 | +8.9% |
| Amounts receivable within one year | 40/41 | €55,455 | €71,762 | +€16,307 | +29.4% |
| Trade receivables | 40 | €10,107 | €13,163 | +€3,056 | +30.2% |
| Other amounts receivable | 41 | €45,349 | €58,599 | +€13,251 | +29.2% |
| Cash at bank and in hand | 54/58 | €75,143 | €67,388 | -€7,756 | -10.3% |
| Deferred charges and accrued income | 490/1 | €4,140 | €7,528 | +€3,388 | +81.8% |
| Total equity and liabilities | 10/49 | €241,272 | €250,137 | +€8,865 | +3.7% |
| Equity | 10/15 | €128,627 | €161,439 | +€32,812 | +25.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €118,627 | €151,439 | +€32,812 | +27.7% |
| Distributable reserves | 133 | €118,627 | €151,439 | +€32,812 | +27.7% |
| Amounts payable | 17/49 | €112,645 | €88,697 | -€23,948 | -21.3% |
| Amounts payable after more than one year | 17 | €51,044 | €38,401 | -€12,643 | -24.8% |
| Financial debts | 170/4 | €51,044 | €38,401 | -€12,643 | -24.8% |
| Amounts payable within one year | 42/48 | €61,148 | €50,135 | -€11,012 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €12,264 | €12,643 | +€378 | +3.1% |
| Trade debts | 44 | €10,823 | €5,898 | -€4,925 | -45.5% |
| Suppliers | 440/4 | €10,823 | €5,898 | -€4,925 | -45.5% |
| Taxes, remuneration and social security | 45 | €37,694 | €31,033 | -€6,662 | -17.7% |
| Taxes | 450/3 | €33,194 | €26,533 | -€6,662 | -20.1% |
| Remuneration and social security | 454/9 | €4,500 | €4,500 | = | 0.0% |
| Other amounts payable | 47/48 | €366 | €562 | +€196 | +53.6% |
| Accrued charges and deferred income | 492/3 | €454 | €161 | -€293 | -64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,716 | €14,449 | -€1,267 | -8.1% |
| Other operating charges | 640/8 | €2,523 | €2,925 | +€402 | +15.9% |
| Gross operating margin | 9900 | €66,152 | €69,526 | +€3,374 | +5.1% |
| Operating profit (loss) | 9901 | €47,912 | €52,151 | +€4,239 | +8.8% |
| Financial income | 75/76B | €162 | €324 | +€163 | +101% |
| Recurring financial income | 75 | €162 | €324 | +€163 | +101% |
| Financial charges | 65/66B | €2,310 | €3,254 | +€944 | +40.9% |
| Recurring financial charges | 65 | €2,310 | €3,254 | +€944 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | €45,764 | €49,222 | +€3,457 | +7.6% |
| Income taxes | 67/77 | €13,365 | €16,410 | +€3,045 | +22.8% |
| Profit (loss) for the period | 9904 | €32,399 | €32,812 | +€413 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,399 | €32,812 | +€413 | +1.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.