KOKA: 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.
KOKA
Largest movements
- Tangible fixed assets -€72,807
down €72,807 (-24.5%), from €296,967 to €224,159
of which Plant, machinery and equipment: -€42,543
- Receivables within one year -€29,044
down €29,044 (-9.4%), from €308,585 to €279,541
of which Trade receivables: -€44,258
- Trade debts -€77,581
down €77,581 (-34.8%), from €223,081 to €145,500
- Debts after one year -€54,460
down €54,460 (-51.3%), from €106,210 to €51,750
- Tax, wage and social debts +€53,597
up €53,597 (+51.5%), from €104,016 to €157,614
of which Remuneration and social security: +€33,602
- Current portion of long-term debt -€20,955
down €20,955 (-27.8%), from €75,415 to €54,460
- Staff costs +€96,281
up €96,281 (+13.7%), from €701,441 to €797,723
- Depreciation -€51,782
down €51,782 (-37.2%), from €139,281 to €87,499
- Gross operating margin +€29,249
up €29,249 (+3.1%), from €942,862 to €972,111
- Financial charges -€20,192
down €20,192 (-38.0%), from €53,092 to €32,899
of which Non-recurring financial charges: -€27,579
- Other operating charges +€14,777
up €14,777 (+146%), from €10,101 to €24,878
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 | €874,619 | €776,176 | -€98,443 | -11.3% |
| Fixed assets | 21/28 | €306,967 | €234,159 | -€72,807 | -23.7% |
| Tangible fixed assets | 22/27 | €296,967 | €224,159 | -€72,807 | -24.5% |
| Land and buildings | 22 | €91,924 | €77,545 | -€14,380 | -15.6% |
| Plant, machinery and equipment | 23 | €163,260 | €120,717 | -€42,543 | -26.1% |
| Furniture and vehicles | 24 | €24,645 | €19,591 | -€5,054 | -20.5% |
| Leasing and similar rights | 25 | €17,138 | €6,307 | -€10,831 | -63.2% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €567,652 | €542,016 | -€25,636 | -4.5% |
| Stocks and contracts in progress | 3 | €45,634 | €47,859 | +€2,225 | +4.9% |
| Stocks | 30/36 | €45,634 | €47,859 | +€2,225 | +4.9% |
| Amounts receivable within one year | 40/41 | €308,585 | €279,541 | -€29,044 | -9.4% |
| Trade receivables | 40 | €96,653 | €52,394 | -€44,258 | -45.8% |
| Other amounts receivable | 41 | €211,932 | €227,147 | +€15,214 | +7.2% |
| Current investments | 50/53 | €44,649 | €44,649 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €154,844 | €154,374 | -€470 | -0.3% |
| Deferred charges and accrued income | 490/1 | €13,940 | €15,594 | +€1,654 | +11.9% |
| Total equity and liabilities | 10/49 | €874,619 | €776,176 | -€98,443 | -11.3% |
| Equity | 10/15 | €149,359 | €149,746 | +€387 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €143,159 | €143,546 | +€387 | +0.3% |
| Distributable reserves | 133 | €143,159 | €143,546 | +€387 | +0.3% |
| Amounts payable | 17/49 | €725,260 | €626,430 | -€98,830 | -13.6% |
| Amounts payable after more than one year | 17 | €106,210 | €51,750 | -€54,460 | -51.3% |
| Financial debts | 170/4 | €106,210 | €51,750 | -€54,460 | -51.3% |
| Amounts payable within one year | 42/48 | €614,506 | €570,818 | -€43,688 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €75,415 | €54,460 | -€20,955 | -27.8% |
| Financial debts | 43 | €9,982 | €11,278 | +€1,296 | +13.0% |
| Credit institutions | 430/8 | €9,982 | €11,278 | +€1,296 | +13.0% |
| Trade debts | 44 | €223,081 | €145,500 | -€77,581 | -34.8% |
| Suppliers | 440/4 | €223,081 | €145,500 | -€77,581 | -34.8% |
| Advances received on contracts in progress | 46 | €8,010 | - | -€8,010 | |
| Taxes, remuneration and social security | 45 | €104,016 | €157,614 | +€53,597 | +51.5% |
| Taxes | 450/3 | €23,962 | €43,957 | +€19,996 | +83.4% |
| Remuneration and social security | 454/9 | €80,055 | €113,656 | +€33,602 | +42.0% |
| Other amounts payable | 47/48 | €194,002 | €201,967 | +€7,965 | +4.1% |
| Accrued charges and deferred income | 492/3 | €4,544 | €3,862 | -€682 | -15.0% |
| Non-recurring operating income | 76A | €2,066 | €11,846 | +€9,780 | +473% |
| Remuneration, social security and pensions | 62 | €701,441 | €797,723 | +€96,281 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,281 | €87,499 | -€51,782 | -37.2% |
| Other operating charges | 640/8 | €10,101 | €24,878 | +€14,777 | +146% |
| Gross operating margin | 9900 | €942,862 | €972,111 | +€29,249 | +3.1% |
| Operating profit (loss) | 9901 | €92,038 | €62,011 | -€30,027 | -32.6% |
| Financial income | 75/76B | €8 | €129 | +€121 | +1,426% |
| Recurring financial income | 75 | €8 | €129 | +€121 | +1,426% |
| Financial charges | 65/66B | €53,092 | €32,899 | -€20,192 | -38.0% |
| Recurring financial charges | 65 | €25,512 | €32,899 | +€7,387 | +29.0% |
| Non-recurring financial charges | 66B | €27,579 | - | -€27,579 | |
| Profit (loss) for the period before taxes | 9903 | €38,955 | €29,241 | -€9,714 | -24.9% |
| Income taxes | 67/77 | €3,754 | €6,854 | +€3,100 | +82.6% |
| Profit (loss) for the period | 9904 | €35,201 | €22,387 | -€12,814 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,201 | €22,387 | -€12,814 | -36.4% |
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 14 October 2026 via checked.be.