KOKKEREL: 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.
KOKKEREL
Largest movements
- Tangible fixed assets -€7,893
down €7,893 (-18.5%), from €42,719 to €34,826
of which Land and buildings: -€7,496
- Receivables within one year -€838
down €838 (-14.2%), from €5,897 to €5,059
- Debts after one year +€31,757
up €31,757 (+73.4%), from €43,243 to €75,000
- Current portion of long-term debt -€19,006
no longer reported in 2025 (was €19,006)
- Profit (loss) carried forward -€18,202
down €18,202 (-20.0%), from -€91,004 to -€109,206
- Trade debts -€3,295
down €3,295 (-83.6%), from €3,942 to €647
- Gross operating margin +€4,726
up €4,726 (+51.9%), from -€9,101 to -€4,375
- Financial income -€748
down €748 (-74.6%), from €1,002 to €255
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 | €48,647 | €39,901 | -€8,746 | -18.0% |
| Fixed assets | 21/28 | €42,719 | €34,826 | -€7,893 | -18.5% |
| Tangible fixed assets | 22/27 | €42,719 | €34,826 | -€7,893 | -18.5% |
| Land and buildings | 22 | €39,941 | €32,445 | -€7,496 | -18.8% |
| Plant, machinery and equipment | 23 | €2,778 | €2,381 | -€397 | -14.3% |
| Current assets | 29/58 | €5,928 | €5,075 | -€853 | -14.4% |
| Amounts receivable within one year | 40/41 | €5,897 | €5,059 | -€838 | -14.2% |
| Other amounts receivable | 41 | €5,897 | €5,059 | -€838 | -14.2% |
| Cash at bank and in hand | 54/58 | €31 | €16 | -€15 | -47.5% |
| Total equity and liabilities | 10/49 | €48,647 | €39,901 | -€8,746 | -18.0% |
| Equity | 10/15 | -€17,544 | -€35,746 | -€18,202 | -104% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,260 | €67,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €65,400 | €65,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,004 | -€109,206 | -€18,202 | -20.0% |
| Amounts payable | 17/49 | €66,191 | €75,647 | +€9,456 | +14.3% |
| Amounts payable after more than one year | 17 | €43,243 | €75,000 | +€31,757 | +73.4% |
| Financial debts | 170/4 | €43,243 | €75,000 | +€31,757 | +73.4% |
| Amounts payable within one year | 42/48 | €22,948 | €647 | -€22,301 | -97.2% |
| Current portion of amounts payable after more than one year | 42 | €19,006 | - | -€19,006 | |
| Trade debts | 44 | €3,942 | €647 | -€3,295 | -83.6% |
| Suppliers | 440/4 | €3,942 | €647 | -€3,295 | -83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,893 | €7,893 | = | 0.0% |
| Other operating charges | 640/8 | €360 | €388 | +€28 | +7.8% |
| Non-recurring operating charges | 66A | - | €1,818 | +€1,818 | |
| Gross operating margin | 9900 | -€9,101 | -€4,375 | +€4,726 | +51.9% |
| Operating profit (loss) | 9901 | -€17,354 | -€14,474 | +€2,880 | +16.6% |
| Financial income | 75/76B | €1,002 | €255 | -€748 | -74.6% |
| Recurring financial income | 75 | €1,002 | €255 | -€748 | -74.6% |
| Financial charges | 65/66B | €4,033 | €3,983 | -€51 | -1.3% |
| Recurring financial charges | 65 | €4,033 | €3,983 | -€51 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,385 | -€18,202 | +€2,183 | +10.7% |
| Profit (loss) for the period | 9904 | -€20,385 | -€18,202 | +€2,183 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,385 | -€18,202 | +€2,183 | +10.7% |
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 13 October 2026 via checked.be.