KOKKINO: what changed
What changed
KOKKINO
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
€88,361
2024 · €70,978+€17,382
Equity
€240,763
2024 · €152,402+€88,361
Cash
€71,057
2024 · €21,992+€49,065
Balance sheet total
€2.9m
2024 · €3.0m-€75,048
Largest movements
Assets
- Current investments -€102,702
down €102,702 (-6.5%), from €1.6m to €1.5m
- Tangible fixed assets -€73,184
down €73,184 (-5.9%), from €1.2m to €1.2m
of which Land and buildings: -€61,620
- Receivables after one year +€67,500
up €67,500 (+42.5%), from €159,000 to €226,500
- Cash +€49,065
up €49,065 (+223%), from €21,992 to €71,057
mainly Current investments (+€102,702) and Net result for the year (+€88,361)
Equity and liabilities
- Other debts -€91,764
down €91,764 (-4.2%), from €2.2m to €2.1m
- Reserves +€88,361
up €88,361 (+60.4%), from €146,202 to €234,563
- Debts after one year -€73,671
down €73,671 (-12.7%), from €578,910 to €505,239
Income statement
- Financial income +€35,227
up €35,227 (+322%), from €10,953 to €46,181
- Financial charges +€31,525
up €31,525, from -€22,407 to €9,118
- Gross operating margin +€12,550
up €12,550 (+8.9%), from €140,807 to €153,357
- Taxes -€1,608
down €1,608 (-8.0%), from €20,216 to €18,609
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€70,978
Gross operating margin
+€12,550
Depreciation
-€0
Other operating charges
-€477
Financial income
+€35,227
Financial charges
-€31,525
Taxes
+€1,608
Result 2025
€88,361
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€19,174
Investment
+€102,702
Financing
-€72,811
Cash 2024
€21,992
From operations (derived)
+€19,174
Net result for the year
+€88,361
Depreciation
+€73,184
Receivables after one year
-€67,500
Receivables within one year
+€14,825
Deferred charges and accrued income
+€903
Trade debts
+€965
Tax, wage and social debts
+€200
Other debts
-€91,764
Investment (derived)
+€102,702
Current investments
+€102,702
Financing
-€72,811
Debts after one year
-€73,671
Current portion of long-term debt
+€860
Cash 2025
€71,057
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,020,461 | €2,945,413 | -€75,048 | -2.5% |
| Fixed assets | 21/28 | €1,245,030 | €1,171,846 | -€73,184 | -5.9% |
| Tangible fixed assets | 22/27 | €1,245,030 | €1,171,846 | -€73,184 | -5.9% |
| Land and buildings | 22 | €1,229,759 | €1,168,139 | -€61,620 | -5.0% |
| Furniture and vehicles | 24 | €15,271 | €3,707 | -€11,564 | -75.7% |
| Current assets | 29/58 | €1,775,430 | €1,773,566 | -€1,864 | -0.1% |
| Amounts receivable after more than one year | 29 | €159,000 | €226,500 | +€67,500 | +42.5% |
| Other amounts receivable | 291 | €159,000 | €226,500 | +€67,500 | +42.5% |
| Amounts receivable within one year | 40/41 | €23,806 | €8,981 | -€14,825 | -62.3% |
| Trade receivables | 40 | €21,780 | €0 | -€21,780 | -100% |
| Other amounts receivable | 41 | €2,026 | €8,981 | +€6,955 | +343% |
| Current investments | 50/53 | €1,568,906 | €1,466,204 | -€102,702 | -6.5% |
| Cash at bank and in hand | 54/58 | €21,992 | €71,057 | +€49,065 | +223% |
| Deferred charges and accrued income | 490/1 | €1,727 | €823 | -€903 | -52.3% |
| Total equity and liabilities | 10/49 | €3,020,461 | €2,945,413 | -€75,048 | -2.5% |
| Equity | 10/15 | €152,402 | €240,763 | +€88,361 | +58.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €146,202 | €234,563 | +€88,361 | +60.4% |
| Distributable reserves | 133 | €146,202 | €234,563 | +€88,361 | +60.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,868,059 | €2,704,650 | -€163,409 | -5.7% |
| Amounts payable after more than one year | 17 | €578,910 | €505,239 | -€73,671 | -12.7% |
| Financial debts | 170/4 | €578,910 | €505,239 | -€73,671 | -12.7% |
| Amounts payable within one year | 42/48 | €2,289,149 | €2,199,411 | -€89,738 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €72,811 | €73,671 | +€860 | +1.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,478 | €3,443 | +€965 | +39.0% |
| Suppliers | 440/4 | €2,478 | €3,443 | +€965 | +39.0% |
| Taxes, remuneration and social security | 45 | €10,133 | €10,333 | +€200 | +2.0% |
| Taxes | 450/3 | €10,133 | €10,333 | +€200 | +2.0% |
| Other amounts payable | 47/48 | €2,203,728 | €2,111,964 | -€91,764 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,184 | €73,184 | +€0 | 0.0% |
| Other operating charges | 640/8 | €9,789 | €10,266 | +€477 | +4.9% |
| Gross operating margin | 9900 | €140,807 | €153,357 | +€12,550 | +8.9% |
| Operating profit (loss) | 9901 | €57,835 | €69,907 | +€12,073 | +20.9% |
| Financial income | 75/76B | €10,953 | €46,181 | +€35,227 | +322% |
| Recurring financial income | 75 | €10,953 | €46,181 | +€35,227 | +322% |
| Financial charges | 65/66B | -€22,407 | €9,118 | +€31,525 | |
| Recurring financial charges | 65 | -€22,407 | €9,118 | +€31,525 | |
| Profit (loss) for the period before taxes | 9903 | €91,195 | €106,970 | +€15,775 | +17.3% |
| Income taxes | 67/77 | €20,216 | €18,609 | -€1,608 | -8.0% |
| Profit (loss) for the period | 9904 | €70,978 | €88,361 | +€17,382 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,978 | €88,361 | +€17,382 | +24.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.