Kokoro: 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.
Kokoro
Largest movements
- Cash +€520,383
up €520,383 (+502.1%), from €103,641 to €624,024
mainly Net result for the year (+€338,551) and Provisions (+€99,231)
- Tangible fixed assets -€32,520
down €32,520 (-4.7%), from €685,098 to €652,578
of which Land and buildings: -€29,710
- Reserves +€338,551
up €338,551 (+146.9%), from €230,419 to €568,971
of which Tax-exempt reserves: +€319,304
- Provisions +€99,231
up €99,231 (+154.7%), from €64,163 to €163,395
- Debts after one year +€42,771
up €42,771 (+15.5%), from €275,320 to €318,091
- Current portion of long-term debt -€20,081
down €20,081 (-56.3%), from €35,639 to €15,558
- Trade debts +€13,723
up €13,723 (+467.1%), from €2,938 to €16,662
- Gross operating margin +€488,237
up €488,237 (+1035.5%), from €47,149 to €535,385
- Depreciation +€49,374
up €49,374 (+189.0%), from €26,117 to €75,491
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 | €802,791 | €1,294,031 | +€491,240 | +61.2% |
| Fixed assets | 21/28 | €685,098 | €652,578 | -€32,520 | -4.7% |
| Tangible fixed assets | 22/27 | €685,098 | €652,578 | -€32,520 | -4.7% |
| Land and buildings | 22 | €674,095 | €644,385 | -€29,710 | -4.4% |
| Plant, machinery and equipment | 23 | - | €726 | +€726 | |
| Furniture and vehicles | 24 | €7,753 | €4,217 | -€3,535 | -45.6% |
| Other tangible fixed assets | 26 | €3,250 | €3,250 | = | 0.0% |
| Current assets | 29/58 | €117,693 | €641,453 | +€523,760 | +445.0% |
| Amounts receivable within one year | 40/41 | €12,704 | €11,327 | -€1,377 | -10.8% |
| Trade receivables | 40 | €12,704 | €8,827 | -€3,877 | -30.5% |
| Other amounts receivable | 41 | €0 | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €103,641 | €624,024 | +€520,383 | +502.1% |
| Deferred charges and accrued income | 490/1 | €1,348 | €6,102 | +€4,754 | +352.6% |
| Total equity and liabilities | 10/49 | €802,791 | €1,294,031 | +€491,240 | +61.2% |
| Equity | 10/15 | €357,958 | €696,509 | +€338,551 | +94.6% |
| Contributions | 10/11 | €61,530 | €61,530 | = | 0.0% |
| Reserves | 13 | €230,419 | €568,971 | +€338,551 | +146.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €170,879 | €490,184 | +€319,304 | +186.9% |
| Distributable reserves | 133 | €59,540 | €78,787 | +€19,247 | +32.3% |
| Profit (loss) carried forward | 14 | €66,009 | €66,009 | = | 0.0% |
| Provisions and deferred taxes | 16 | €64,163 | €163,395 | +€99,231 | +154.7% |
| Deferred taxes | 168 | €64,163 | €163,395 | +€99,231 | +154.7% |
| Amounts payable | 17/49 | €380,670 | €434,128 | +€53,458 | +14.0% |
| Amounts payable after more than one year | 17 | €275,320 | €318,091 | +€42,771 | +15.5% |
| Financial debts | 170/4 | €275,320 | €318,091 | +€42,771 | +15.5% |
| Amounts payable within one year | 42/48 | €104,287 | €111,964 | +€7,677 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €35,639 | €15,558 | -€20,081 | -56.3% |
| Trade debts | 44 | €2,938 | €16,662 | +€13,723 | +467.1% |
| Suppliers | 440/4 | €2,938 | €16,662 | +€13,723 | +467.1% |
| Taxes, remuneration and social security | 45 | €17,912 | €19,922 | +€2,010 | +11.2% |
| Taxes | 450/3 | €13,362 | €15,627 | +€2,265 | +16.9% |
| Remuneration and social security | 454/9 | €4,550 | €4,295 | -€255 | -5.6% |
| Other amounts payable | 47/48 | €47,798 | €59,822 | +€12,024 | +25.2% |
| Accrued charges and deferred income | 492/3 | €1,063 | €4,074 | +€3,010 | +283.1% |
| Non-recurring operating income | 76A | €0 | €509,835 | +€509,835 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,117 | €75,491 | +€49,374 | +189.0% |
| Other operating charges | 640/8 | €4,263 | €3,768 | -€495 | -11.6% |
| Gross operating margin | 9900 | €47,149 | €535,385 | +€488,237 | +1035.5% |
| Operating profit (loss) | 9901 | €16,768 | €456,126 | +€439,358 | +2620.2% |
| Financial income | 75/76B | €61 | €708 | +€647 | +1062.5% |
| Recurring financial income | 75 | €61 | €708 | +€647 | +1062.5% |
| Financial charges | 65/66B | €8,310 | €10,293 | +€1,984 | +23.9% |
| Recurring financial charges | 65 | €8,310 | €10,293 | +€1,984 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | €8,519 | €446,540 | +€438,021 | +5141.5% |
| Transfer from deferred taxes | 780 | €3,023 | €23,993 | +€20,969 | +693.6% |
| Transfer to deferred taxes | 680 | €0 | €123,224 | +€123,224 | |
| Income taxes | 67/77 | €5,728 | €8,758 | +€3,030 | +52.9% |
| Profit (loss) for the period | 9904 | €5,815 | €338,551 | +€332,736 | +5722.3% |
| Transfer from tax-exempt reserves | 789 | €7,101 | €50,367 | +€43,266 | +609.3% |
| Transfer to tax-exempt reserves | 689 | €0 | €369,671 | +€369,671 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,916 | €19,247 | +€6,331 | +49.0% |
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 8 October 2026 via checked.be.