KOKNESIS: 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.
KOKNESIS
Largest movements
- Tangible fixed assets -€80,870
down €80,870 (-4.7%), from €1.7m to €1.6m
of which Land and buildings: -€82,454
- Debts after one year -€85,531
down €85,531 (-6.0%), from €1.4m to €1.3m
- Short-term financial debts +€25,000
up €25,000 (+125%), from €20,000 to €45,000
- Gross operating margin +€20,607
up €20,607 (+16.1%), from €128,349 to €148,956
- Financial charges +€19,095
up €19,095 (+99.8%), from €19,124 to €38,219
- Depreciation +€13,298
up €13,298 (+16.7%), from €79,504 to €92,802
- Taxes -€3,537
down €3,537 (-74.7%), from €4,733 to €1,196
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 | €1,728,520 | €1,661,366 | -€67,155 | -3.9% |
| Fixed assets | 21/28 | €1,716,135 | €1,635,265 | -€80,870 | -4.7% |
| Tangible fixed assets | 22/27 | €1,716,135 | €1,635,265 | -€80,870 | -4.7% |
| Land and buildings | 22 | €1,690,552 | €1,608,097 | -€82,454 | -4.9% |
| Plant, machinery and equipment | 23 | €18,834 | €27,168 | +€8,334 | +44.3% |
| Furniture and vehicles | 24 | €6,750 | - | -€6,750 | |
| Current assets | 29/58 | €12,385 | €26,101 | +€13,716 | +111% |
| Amounts receivable within one year | 40/41 | €1,473 | €14,756 | +€13,283 | +902% |
| Trade receivables | 40 | €206 | €9,685 | +€9,479 | +4,611% |
| Other amounts receivable | 41 | €1,267 | €5,071 | +€3,804 | +300% |
| Cash at bank and in hand | 54/58 | €9,291 | €10,603 | +€1,312 | +14.1% |
| Deferred charges and accrued income | 490/1 | €1,621 | €741 | -€880 | -54.3% |
| Total equity and liabilities | 10/49 | €1,728,520 | €1,661,366 | -€67,155 | -3.9% |
| Equity | 10/15 | €101,472 | €106,253 | +€4,781 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,872 | €87,653 | +€4,781 | +5.8% |
| Amounts payable | 17/49 | €1,627,048 | €1,555,112 | -€71,936 | -4.4% |
| Amounts payable after more than one year | 17 | €1,431,734 | €1,346,204 | -€85,531 | -6.0% |
| Financial debts | 170/4 | €1,431,734 | €1,346,204 | -€85,531 | -6.0% |
| Amounts payable within one year | 42/48 | €195,314 | €208,909 | +€13,595 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €64,306 | €58,531 | -€5,775 | -9.0% |
| Financial debts | 43 | €20,000 | €45,000 | +€25,000 | +125% |
| Other loans | 439 | €20,000 | €45,000 | +€25,000 | +125% |
| Trade debts | 44 | €2,764 | €2,609 | -€155 | -5.6% |
| Suppliers | 440/4 | €2,764 | €2,609 | -€155 | -5.6% |
| Taxes, remuneration and social security | 45 | €5,484 | €9 | -€5,475 | -99.8% |
| Taxes | 450/3 | €5,484 | €9 | -€5,475 | -99.8% |
| Other amounts payable | 47/48 | €102,760 | €102,760 | = | 0.0% |
| Non-recurring operating income | 76A | €1,039 | - | -€1,039 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,504 | €92,802 | +€13,298 | +16.7% |
| Other operating charges | 640/8 | €10,790 | €11,958 | +€1,168 | +10.8% |
| Gross operating margin | 9900 | €128,349 | €148,956 | +€20,607 | +16.1% |
| Operating profit (loss) | 9901 | €38,055 | €44,196 | +€6,142 | +16.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €19,124 | €38,219 | +€19,095 | +99.8% |
| Recurring financial charges | 65 | €19,124 | €38,219 | +€19,095 | +99.8% |
| Profit (loss) for the period before taxes | 9903 | €18,931 | €5,977 | -€12,954 | -68.4% |
| Income taxes | 67/77 | €4,733 | €1,196 | -€3,537 | -74.7% |
| Profit (loss) for the period | 9904 | €14,198 | €4,781 | -€9,417 | -66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,198 | €4,781 | -€9,417 | -66.3% |
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 24 October 2026 via checked.be.