Kokoro: 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
Kokoro
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€13,161
2024 · €54,978-€68,139
Equity
-€259,095
2024 · -€245,934-€13,161
Cash
€389
2024 · €7,492-€7,103
Balance sheet total
€871,529
2024 · €951,518-€79,990
Largest movements
Assets
- Tangible fixed assets -€39,931
down €39,931 (-9.2%), from €432,766 to €392,834
of which Furniture and vehicles: -€105,264
- Stocks and contracts -€32,350
down €32,350 (-53.9%), from €60,000 to €27,651
Equity and liabilities
- Other debts -€35,100
down €35,100 (-4.7%), from €747,956 to €712,856
- Trade debts -€33,490
down €33,490 (-22.8%), from €146,961 to €113,471
- Current portion of long-term debt +€17,964
up €17,964 (+18.8%), from €95,709 to €113,673
- Short-term financial debts -€16,048
down €16,048 (-50.5%), from €31,798 to €15,750
- Profit (loss) carried forward -€13,161
down €13,161 (-4.9%), from -€270,917 to -€284,078
Income statement
- Gross operating margin -€36,216
down €36,216 (-13.6%), from €265,439 to €229,223
- Staff costs +€35,295
up €35,295 (+23.7%), from €148,616 to €183,910
- Depreciation -€3,781
down €3,781 (-10.6%), from €35,749 to €31,967
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.
Result 2024
€54,978
Gross operating margin
-€36,216
Staff costs
-€35,295
Depreciation
+€3,781
Other operating charges
-€2,418
Financial income
+€58
Financial charges
+€1,917
Taxes
+€33
Result 2025
-€13,161
raises the resultlowers the result
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.
From operations
-€9,820
Investment
+€7,964
Financing
-€5,247
Cash 2024
€7,492
From operations (derived)
-€9,820
Net result for the year
-€13,161
Depreciation
+€31,967
Stocks and contracts
+€32,350
Receivables within one year
+€686
Deferred charges and accrued income
-€81
Trade debts
-€33,490
Tax, wage and social debts
-€5,930
Other debts
-€35,100
Accrued charges and deferred income
+€12,938
Investment (derived)
+€7,964
Investment in fixed assets (net)
+€7,964
Financing
-€5,247
Debts after one year
-€7,163
Current portion of long-term debt
+€17,964
Short-term financial debts
-€16,048
Cash 2025
€389
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €951,518 | €871,529 | -€79,990 | -8.4% |
| Fixed assets | 21/28 | €832,766 | €792,834 | -€39,931 | -4.8% |
| Tangible fixed assets | 22/27 | €432,766 | €392,834 | -€39,931 | -9.2% |
| Land and buildings | 22 | €311,021 | €299,444 | -€11,577 | -3.7% |
| Plant, machinery and equipment | 23 | €13,536 | €2,181 | -€11,355 | -83.9% |
| Furniture and vehicles | 24 | €107,663 | €2,399 | -€105,264 | -97.8% |
| Other tangible fixed assets | 26 | €546 | €88,810 | +€88,264 | +16,166% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €118,753 | €78,694 | -€40,058 | -33.7% |
| Stocks and contracts in progress | 3 | €60,000 | €27,651 | -€32,350 | -53.9% |
| Stocks | 30/36 | €60,000 | €27,651 | -€32,350 | -53.9% |
| Amounts receivable within one year | 40/41 | €51,260 | €50,574 | -€686 | -1.3% |
| Trade receivables | 40 | €51,260 | €50,574 | -€686 | -1.3% |
| Cash at bank and in hand | 54/58 | €7,492 | €389 | -€7,103 | -94.8% |
| Deferred charges and accrued income | 490/1 | - | €81 | +€81 | |
| Total equity and liabilities | 10/49 | €951,518 | €871,529 | -€79,990 | -8.4% |
| Equity | 10/15 | -€245,934 | -€259,095 | -€13,161 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,382 | €6,382 | = | 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 | €4,522 | €4,522 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€270,917 | -€284,078 | -€13,161 | -4.9% |
| Amounts payable | 17/49 | €1,197,453 | €1,130,624 | -€66,828 | -5.6% |
| Amounts payable after more than one year | 17 | €144,737 | €137,574 | -€7,163 | -4.9% |
| Financial debts | 170/4 | €144,737 | €137,574 | -€7,163 | -4.9% |
| Amounts payable within one year | 42/48 | €1,052,716 | €980,113 | -€72,603 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €95,709 | €113,673 | +€17,964 | +18.8% |
| Financial debts | 43 | €31,798 | €15,750 | -€16,048 | -50.5% |
| Credit institutions | 430/8 | €31,798 | €15,750 | -€16,048 | -50.5% |
| Trade debts | 44 | €146,961 | €113,471 | -€33,490 | -22.8% |
| Suppliers | 440/4 | €146,961 | €113,471 | -€33,490 | -22.8% |
| Taxes, remuneration and social security | 45 | €30,293 | €24,363 | -€5,930 | -19.6% |
| Taxes | 450/3 | €30,293 | €9,061 | -€21,231 | -70.1% |
| Remuneration and social security | 454/9 | €0 | €15,302 | +€15,302 | |
| Other amounts payable | 47/48 | €747,956 | €712,856 | -€35,100 | -4.7% |
| Accrued charges and deferred income | 492/3 | €0 | €12,938 | +€12,938 | |
| Non-recurring operating income | 76A | - | €8,341 | +€8,341 | |
| Remuneration, social security and pensions | 62 | €148,616 | €183,910 | +€35,295 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,749 | €31,967 | -€3,781 | -10.6% |
| Other operating charges | 640/8 | €6,773 | €9,190 | +€2,418 | +35.7% |
| Gross operating margin | 9900 | €265,439 | €229,223 | -€36,216 | -13.6% |
| Operating profit (loss) | 9901 | €74,302 | €4,155 | -€70,148 | -94.4% |
| Financial income | 75/76B | €96 | €154 | +€58 | +60.7% |
| Recurring financial income | 75 | €96 | €154 | +€58 | +60.7% |
| Financial charges | 65/66B | €19,246 | €17,329 | -€1,917 | -10.0% |
| Recurring financial charges | 65 | €19,246 | €17,329 | -€1,917 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €55,152 | -€13,020 | -€68,173 | |
| Income taxes | 67/77 | €174 | €141 | -€33 | -19.2% |
| Profit (loss) for the period | 9904 | €54,978 | -€13,161 | -€68,139 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,978 | -€13,161 | -€68,139 |
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 29 October 2026 via checked.be.