KOKIMA: what changed
Two fiscal 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.
KOKIMA
Largest movements
- Cash +€26,902
up €26,902 (+16.7%), from €161,146 to €188,049
mainly Net result for the year (+€49,231) and Depreciation (+€36,983)
- Tangible fixed assets -€16,014
down €16,014 (-9.7%), from €165,458 to €149,445
of which Other tangible fixed assets: -€10,629
- Receivables within one year -€7,176
down €7,176 (-75.6%), from €9,487 to €2,311
of which Trade receivables: -€4,666
- Reserves +€49,231
up €49,231 (+40.1%), from €122,917 to €172,148
of which Distributable reserves: +€49,231
- Debts after one year -€42,485
down €42,485 (-45.4%), from €93,635 to €51,150
- Gross operating margin +€44,452
up €44,452 (+42.4%), from €104,774 to €149,226
- Staff costs +€25,257
up €25,257 (+490.9%), from €5,145 to €30,402
- Depreciation +€9,481
up €9,481 (+34.5%), from €27,502 to €36,983
- Taxes -€2,401
down €2,401 (-11.5%), from €20,906 to €18,505
- Financial charges +€1,606
up €1,606 (+115.5%), from €1,391 to €2,997
of which Financial charges: +€1,323
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.
Cash bridge derived
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 | €346,972 | €351,361 | +€4,389 | +1.3% |
| Fixed assets | 21/28 | €165,826 | €149,445 | -€16,381 | -9.9% |
| Intangible fixed assets | 21 | €367 | €0 | -€367 | -100.0% |
| Tangible fixed assets | 22/27 | €165,458 | €149,445 | -€16,014 | -9.7% |
| Land and buildings | 22 | €5,104 | €4,466 | -€638 | -12.5% |
| Plant, machinery and equipment | 23 | €36,202 | €36,961 | +€759 | +2.1% |
| Furniture and vehicles | 24 | €39,163 | €33,658 | -€5,506 | -14.1% |
| Other tangible fixed assets | 26 | €84,989 | €74,360 | -€10,629 | -12.5% |
| Current assets | 29/58 | €181,147 | €201,916 | +€20,769 | +11.5% |
| Stocks and contracts in progress | 3 | €2,504 | €3,650 | +€1,146 | +45.8% |
| Stocks | 30/36 | €2,504 | €3,650 | +€1,146 | +45.8% |
| Amounts receivable within one year | 40/41 | €9,487 | €2,311 | -€7,176 | -75.6% |
| Trade receivables | 40 | €4,666 | - | -€4,666 | |
| Other amounts receivable | 41 | €4,820 | €2,311 | -€2,509 | -52.1% |
| Cash at bank and in hand | 54/58 | €161,146 | €188,049 | +€26,902 | +16.7% |
| Deferred charges and accrued income | 490/1 | €8,010 | €7,906 | -€104 | -1.3% |
| Total equity and liabilities | 10/49 | €346,972 | €351,361 | +€4,389 | +1.3% |
| Equity | 10/15 | €220,713 | €269,943 | +€49,231 | +22.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €122,917 | €172,148 | +€49,231 | +40.1% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €90,417 | €139,648 | +€49,231 | +54.4% |
| Profit (loss) carried forward | 14 | €72,796 | €72,796 | = | 0.0% |
| Amounts payable | 17/49 | €126,260 | €81,418 | -€44,842 | -35.5% |
| Amounts payable after more than one year | 17 | €93,635 | €51,150 | -€42,485 | -45.4% |
| Financial debts | 170/4 | €93,635 | €51,150 | -€42,485 | -45.4% |
| Amounts payable within one year | 42/48 | €32,625 | €30,268 | -€2,357 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €8,373 | €8,705 | +€332 | +4.0% |
| Trade debts | 44 | €2,785 | €1,896 | -€889 | -31.9% |
| Suppliers | 440/4 | €2,785 | €1,896 | -€889 | -31.9% |
| Taxes, remuneration and social security | 45 | €16,423 | €15,123 | -€1,300 | -7.9% |
| Taxes | 450/3 | €14,656 | €11,727 | -€2,929 | -20.0% |
| Remuneration and social security | 454/9 | €1,767 | €3,395 | +€1,629 | +92.2% |
| Other amounts payable | 47/48 | €5,044 | €4,544 | -€500 | -9.9% |
| Remuneration, social security and pensions | 62 | €5,145 | €30,402 | +€25,257 | +490.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,502 | €36,983 | +€9,481 | +34.5% |
| Other operating charges | 640/8 | €10,911 | €11,110 | +€199 | +1.8% |
| Gross operating margin | 9900 | €104,774 | €149,226 | +€44,452 | +42.4% |
| Operating profit (loss) | 9901 | €61,216 | €70,732 | +€9,516 | +15.5% |
| Financial income | 75/76B | €441 | €0 | -€441 | -100.0% |
| Recurring financial income | 75 | €441 | €0 | -€441 | -100.0% |
| Financial charges | 65/66B | €1,391 | €2,997 | +€1,606 | +115.5% |
| Recurring financial charges | 65 | €1,391 | €2,713 | +€1,323 | +95.1% |
| Non-recurring financial charges | 66B | - | €283 | +€283 | |
| Profit (loss) for the period before taxes | 9903 | €60,267 | €67,735 | +€7,468 | +12.4% |
| Income taxes | 67/77 | €20,906 | €18,505 | -€2,401 | -11.5% |
| Profit (loss) for the period | 9904 | €39,361 | €49,231 | +€9,870 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,361 | €49,231 | +€9,870 | +25.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.