KOKU: 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.
KOKU
Largest movements
- Tangible fixed assets -€19,156
down €19,156 (-27.6%), from €69,407 to €50,251
- Receivables within one year +€9,018
up €9,018 (+13.8%), from €65,234 to €74,252
of which Trade receivables: +€5,783
- Stocks and contracts +€8,674
new in 2025: €8,674
- Cash +€2,127
up €2,127 (+13.9%), from €15,304 to €17,431
mainly Trade debts (+€33,803) and Depreciation (+€19,156)
- Trade debts +€33,803
up €33,803 (+428%), from €7,902 to €41,705
- Debts after one year -€16,478
down €16,478 (-44.6%), from €36,961 to €20,483
- Profit (loss) carried forward -€15,933
down €15,933 (-32.8%), from €48,616 to €32,684
- Current portion of long-term debt -€2,425
down €2,425 (-11.3%), from €21,369 to €18,945
- Gross operating margin -€42,052
down €42,052 (-71.3%), from €58,992 to €16,941
- Staff costs -€18,239
down €18,239 (-75.2%), from €24,244 to €6,005
- Financial charges -€2,599
down €2,599 (-24.9%), from €10,445 to €7,846
of which Non-recurring financial charges: -€6,852
- Depreciation +€2,456
up €2,456 (+14.7%), from €16,700 to €19,156
- Taxes -€2,213
down €2,213 (-84.1%), from €2,633 to €420
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 | €151,945 | €152,608 | +€663 | +0.4% |
| Fixed assets | 21/28 | €71,407 | €52,251 | -€19,156 | -26.8% |
| Tangible fixed assets | 22/27 | €69,407 | €50,251 | -€19,156 | -27.6% |
| Plant, machinery and equipment | 23 | €40,677 | €31,296 | -€9,381 | -23.1% |
| Furniture and vehicles | 24 | €6,794 | €3,561 | -€3,233 | -47.6% |
| Leasing and similar rights | 25 | €21,936 | €15,394 | -€6,541 | -29.8% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €80,538 | €100,357 | +€19,819 | +24.6% |
| Stocks and contracts in progress | 3 | - | €8,674 | +€8,674 | |
| Stocks | 30/36 | - | €8,674 | +€8,674 | |
| Amounts receivable within one year | 40/41 | €65,234 | €74,252 | +€9,018 | +13.8% |
| Trade receivables | 40 | €62,063 | €67,846 | +€5,783 | +9.3% |
| Other amounts receivable | 41 | €3,171 | €6,406 | +€3,235 | +102% |
| Cash at bank and in hand | 54/58 | €15,304 | €17,431 | +€2,127 | +13.9% |
| Total equity and liabilities | 10/49 | €151,945 | €152,608 | +€663 | +0.4% |
| Equity | 10/15 | €48,616 | €32,684 | -€15,933 | -32.8% |
| Profit (loss) carried forward | 14 | €48,616 | €32,684 | -€15,933 | -32.8% |
| Amounts payable | 17/49 | €103,329 | €119,925 | +€16,596 | +16.1% |
| Amounts payable after more than one year | 17 | €36,961 | €20,483 | -€16,478 | -44.6% |
| Financial debts | 170/4 | €36,961 | €20,483 | -€16,478 | -44.6% |
| Amounts payable within one year | 42/48 | €66,368 | €99,442 | +€33,074 | +49.8% |
| Current portion of amounts payable after more than one year | 42 | €21,369 | €18,945 | -€2,425 | -11.3% |
| Trade debts | 44 | €7,902 | €41,705 | +€33,803 | +428% |
| Suppliers | 440/4 | €7,902 | €41,705 | +€33,803 | +428% |
| Taxes, remuneration and social security | 45 | €8,270 | €8,705 | +€435 | +5.3% |
| Taxes | 450/3 | €2,842 | €3,618 | +€776 | +27.3% |
| Remuneration and social security | 454/9 | €5,428 | €5,087 | -€341 | -6.3% |
| Other amounts payable | 47/48 | €28,827 | €30,087 | +€1,260 | +4.4% |
| Remuneration, social security and pensions | 62 | €24,244 | €6,005 | -€18,239 | -75.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,700 | €19,156 | +€2,456 | +14.7% |
| Other operating charges | 640/8 | €2,017 | €1,947 | -€70 | -3.5% |
| Gross operating margin | 9900 | €58,992 | €16,941 | -€42,052 | -71.3% |
| Operating profit (loss) | 9901 | €16,031 | -€10,167 | -€26,198 | |
| Financial income | 75/76B | €2,376 | €2,500 | +€124 | +5.2% |
| Recurring financial income | 75 | €277 | €2,500 | +€2,222 | +801% |
| Non-recurring financial income | 76B | €2,098 | - | -€2,098 | |
| Financial charges | 65/66B | €10,445 | €7,846 | -€2,599 | -24.9% |
| Recurring financial charges | 65 | €3,593 | €7,846 | +€4,252 | +118% |
| Non-recurring financial charges | 66B | €6,852 | - | -€6,852 | |
| Profit (loss) for the period before taxes | 9903 | €7,962 | -€15,513 | -€23,475 | |
| Income taxes | 67/77 | €2,633 | €420 | -€2,213 | -84.1% |
| Profit (loss) for the period | 9904 | €5,329 | -€15,933 | -€21,262 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,329 | -€15,933 | -€21,262 |
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 15 October 2026 via checked.be.