KOKKINOS: 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.
What changed
KOKKINOS
NACE 68.122, Development of non-residential building projects
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€36,313
2023 · €668,646-€632,333
Equity
€940,039
2023 · €903,726+€36,313
Cash
€34,580
2023 · €33,760+€820
Balance sheet total
€2.8m
2023 · €2.6m+€154,626
Largest movements
Assets
- Tangible fixed assets +€298,069
up €298,069 (+21.0%), from €1.4m to €1.7m
of which Land and buildings: +€297,216
- Stocks and contracts -€165,364
down €165,364 (-32.7%), from €505,806 to €340,443
Equity and liabilities
- Trade debts +€45,868
up €45,868 (+39.3%), from €116,758 to €162,626
of which Suppliers: +€35,815
- Debts after one year +€43,094
up €43,094 (+3.9%), from €1.1m to €1.1m
- Reserves +€36,313
up €36,313 (+5.4%), from €675,594 to €711,906
of which Distributable reserves: +€64,681
- Tax, wage and social debts +€34,012
up €34,012 (+72.9%), from €46,639 to €80,652
Income statement
- Gross operating margin -€997,372
down €997,372 (-86.2%), from €1.2m to €159,174
- Financial charges -€34,704
down €34,704 (-49.5%), from €70,072 to €35,368
- Depreciation -€30,707
down €30,707 (-35.1%), from €87,521 to €56,814
- Other operating charges -€25,267
down €25,267 (-78.9%), from €32,033 to €6,766
- Taxes -€25,022
down €25,022 (-41.1%), from €60,849 to €35,826
From the 2023 result to the 2024 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.
Result 2023
€668,646
Gross operating margin
-€997,372
Staff costs
+€17,739
Depreciation
+€30,707
Other operating charges
+€25,267
Financial income
+€5,683
Financial charges
+€34,704
Taxes
+€25,022
Deferred taxes and other
+€225,917
Result 2024
€36,313
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€319,628
Investment
-€354,883
Financing
+€36,075
Cash 2023
€33,760
From operations (derived)
+€319,628
Net result for the year
+€36,313
Depreciation
+€56,814
Stocks and contracts
+€165,364
Receivables within one year
-€22,231
Deferred charges and accrued income
+€1,131
Provisions
-€9,456
Trade debts
+€45,868
Tax, wage and social debts
+€34,012
Other debts
-€13,327
Accrued charges and deferred income
+€25,140
Investment (derived)
-€354,883
Investment in fixed assets (net)
-€354,883
Financing
+€36,075
Debts after one year
+€43,094
Current portion of long-term debt
-€7,019
Cash 2024
€34,580
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,649,602 | €2,804,228 | +€154,626 | +5.8% |
| Fixed assets | 21/28 | €1,423,377 | €1,721,446 | +€298,069 | +20.9% |
| Tangible fixed assets | 22/27 | €1,417,257 | €1,715,326 | +€298,069 | +21.0% |
| Land and buildings | 22 | €1,412,542 | €1,709,758 | +€297,216 | +21.0% |
| Plant, machinery and equipment | 23 | €4,716 | €5,569 | +€853 | +18.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €6,120 | €6,120 | = | 0.0% |
| Current assets | 29/58 | €1,226,224 | €1,082,781 | -€143,443 | -11.7% |
| Stocks and contracts in progress | 3 | €505,806 | €340,443 | -€165,364 | -32.7% |
| Stocks | 30/36 | €505,806 | €340,443 | -€165,364 | -32.7% |
| Amounts receivable within one year | 40/41 | €666,170 | €688,402 | +€22,231 | +3.3% |
| Trade receivables | 40 | €38,192 | €31,099 | -€7,093 | -18.6% |
| Other amounts receivable | 41 | €627,978 | €657,303 | +€29,325 | +4.7% |
| Current investments | 50/53 | €15,727 | €15,727 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,760 | €34,580 | +€820 | +2.4% |
| Deferred charges and accrued income | 490/1 | €4,761 | €3,630 | -€1,131 | -23.7% |
| Total equity and liabilities | 10/49 | €2,649,602 | €2,804,228 | +€154,626 | +5.8% |
| Equity | 10/15 | €903,726 | €940,039 | +€36,313 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €675,594 | €711,906 | +€36,313 | +5.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €654,470 | €626,101 | -€28,369 | -4.3% |
| Distributable reserves | 133 | €21,124 | €85,805 | +€64,681 | +306% |
| Profit (loss) carried forward | 14 | €209,533 | €209,533 | = | 0.0% |
| Provisions and deferred taxes | 16 | €216,461 | €207,004 | -€9,456 | -4.4% |
| Deferred taxes | 168 | €216,461 | €207,004 | -€9,456 | -4.4% |
| Amounts payable | 17/49 | €1,529,415 | €1,657,184 | +€127,769 | +8.4% |
| Amounts payable after more than one year | 17 | €1,101,796 | €1,144,890 | +€43,094 | +3.9% |
| Financial debts | 170/4 | €1,101,796 | €1,144,890 | +€43,094 | +3.9% |
| Amounts payable within one year | 42/48 | €412,019 | €471,554 | +€59,535 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €94,048 | €87,028 | -€7,019 | -7.5% |
| Trade debts | 44 | €116,758 | €162,626 | +€45,868 | +39.3% |
| Suppliers | 440/4 | €116,758 | €152,573 | +€35,815 | +30.7% |
| Bills of exchange payable | 441 | - | €10,053 | +€10,053 | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €46,639 | €80,652 | +€34,012 | +72.9% |
| Taxes | 450/3 | €46,639 | €80,652 | +€34,012 | +72.9% |
| Other amounts payable | 47/48 | €154,574 | €141,247 | -€13,327 | -8.6% |
| Accrued charges and deferred income | 492/3 | €15,600 | €40,740 | +€25,140 | +161% |
| Non-recurring operating income | 76A | €909,861 | €0 | -€909,861 | -100% |
| Remuneration, social security and pensions | 62 | €21,074 | €3,335 | -€17,739 | -84.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,521 | €56,814 | -€30,707 | -35.1% |
| Other operating charges | 640/8 | €32,033 | €6,766 | -€25,267 | -78.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,156,545 | €159,174 | -€997,372 | -86.2% |
| Operating profit (loss) | 9901 | €1,015,917 | €92,259 | -€923,659 | -90.9% |
| Financial income | 75/76B | €109 | €5,792 | +€5,683 | +5,215% |
| Recurring financial income | 75 | €109 | €5,792 | +€5,683 | +5,215% |
| Financial charges | 65/66B | €70,072 | €35,368 | -€34,704 | -49.5% |
| Recurring financial charges | 65 | €70,072 | €35,368 | -€34,704 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | €945,955 | €62,683 | -€883,272 | -93.4% |
| Transfer from deferred taxes | 780 | €11,005 | €9,456 | -€1,548 | -14.1% |
| Transfer to deferred taxes | 680 | €227,465 | €0 | -€227,465 | -100% |
| Income taxes | 67/77 | €60,849 | €35,826 | -€25,022 | -41.1% |
| Profit (loss) for the period | 9904 | €668,646 | €36,313 | -€632,333 | -94.6% |
| Transfer from tax-exempt reserves | 789 | €33,014 | €28,369 | -€4,645 | -14.1% |
| Transfer to tax-exempt reserves | 689 | €682,396 | €0 | -€682,396 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €19,264 | €64,681 | +€45,418 | +236% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.