KOKUMA: 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.
KOKUMA
Largest movements
- Cash +€360,700
up €360,700 (+237.5%), from €151,876 to €512,575
mainly Contributions, distributions and other (+€1.2m) and Receivables within one year (+€51,021)
- Receivables within one year -€51,021
down €51,021 (-32.5%), from €157,207 to €106,186
of which Other amounts receivable: -€54,107
- Intangible fixed assets +€39,886
new in 2025: €39,886
- Contributions +€1.2m
up €1.2m (+571.5%), from €205,063 to €1.4m
- Profit (loss) carried forward -€481,793
down €481,793 (-71.9%), from -€670,425 to -€1.2m
- Debts after one year -€274,694
down €274,694 (-45.4%), from €604,982 to €330,288
- Accrued charges and deferred income -€48,349
down €48,349 (-34.8%), from €139,045 to €90,696
- Trade debts -€20,033
down €20,033 (-64.3%), from €31,134 to €11,101
- Gross operating margin -€9,104
down €9,104 (-2.0%), from -€448,532 to -€457,636
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 | €310,006 | €659,798 | +€349,792 | +112.8% |
| Fixed assets | 21/28 | - | €39,886 | +€39,886 | |
| Intangible fixed assets | 21 | - | €39,886 | +€39,886 | |
| Current assets | 29/58 | €310,006 | €619,912 | +€309,906 | +100.0% |
| Amounts receivable within one year | 40/41 | €157,207 | €106,186 | -€51,021 | -32.5% |
| Trade receivables | 40 | €67 | €3,153 | +€3,086 | +4613.9% |
| Other amounts receivable | 41 | €157,140 | €103,033 | -€54,107 | -34.4% |
| Cash at bank and in hand | 54/58 | €151,876 | €512,575 | +€360,700 | +237.5% |
| Deferred charges and accrued income | 490/1 | €923 | €1,151 | +€228 | +24.7% |
| Total equity and liabilities | 10/49 | €310,006 | €659,798 | +€349,792 | +112.8% |
| Equity | 10/15 | -€465,362 | €224,749 | +€690,111 | |
| Contributions | 10/11 | €205,063 | €1,376,966 | +€1.2m | +571.5% |
| Profit (loss) carried forward | 14 | -€670,425 | -€1,152,217 | -€481,793 | -71.9% |
| Amounts payable | 17/49 | €775,368 | €435,050 | -€340,318 | -43.9% |
| Amounts payable after more than one year | 17 | €604,982 | €330,288 | -€274,694 | -45.4% |
| Financial debts | 170/4 | €604,982 | €330,288 | -€274,694 | -45.4% |
| Amounts payable within one year | 42/48 | €31,341 | €14,066 | -€17,275 | -55.1% |
| Trade debts | 44 | €31,134 | €11,101 | -€20,033 | -64.3% |
| Suppliers | 440/4 | €31,134 | €11,101 | -€20,033 | -64.3% |
| Other amounts payable | 47/48 | €207 | €2,965 | +€2,758 | +1332.9% |
| Accrued charges and deferred income | 492/3 | €139,045 | €90,696 | -€48,349 | -34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,733 | +€3,733 | |
| Gross operating margin | 9900 | -€448,532 | -€457,636 | -€9,104 | -2.0% |
| Operating profit (loss) | 9901 | -€448,532 | -€461,369 | -€12,837 | -2.9% |
| Financial income | 75/76B | €8 | €95 | +€87 | +1154.6% |
| Recurring financial income | 75 | €8 | €95 | +€87 | +1154.6% |
| Non-recurring financial income | 76B | €8 | €95 | +€87 | +1154.6% |
| Financial charges | 65/66B | €18,927 | €20,518 | +€1,592 | +8.4% |
| Recurring financial charges | 65 | €18,584 | €19,897 | +€1,312 | +7.1% |
| Non-recurring financial charges | 66B | €342 | €621 | +€279 | +81.6% |
| Profit (loss) for the period before taxes | 9903 | -€467,451 | -€481,793 | -€14,342 | -3.1% |
| Profit (loss) for the period | 9904 | -€467,451 | -€481,793 | -€14,342 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€467,451 | -€481,793 | -€14,342 | -3.1% |
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 9 October 2026 via checked.be.