KOLO: 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.
KOLO
Largest movements
- Cash -€51,612
down €51,612 (-56.3%), from €91,751 to €40,139
mainly Contributions, distributions and other (-€50,000) and Trade debts (-€24,283)
- Receivables within one year -€23,241
down €23,241 (-17.1%), from €136,086 to €112,845
of which Trade receivables: -€28,844
- Current investments +€15,000
up €15,000 (+8.1%), from €185,000 to €200,000
- Trade debts -€24,283
down €24,283 (-35.6%), from €68,194 to €43,911
- Debts after one year -€24,212
down €24,212 (-40.8%), from €59,384 to €35,173
- Tax, wage and social debts -€19,128
down €19,128 (-36.2%), from €52,912 to €33,784
of which Taxes: -€13,971
- Gross operating margin -€136,871
down €136,871 (-28.5%), from €479,789 to €342,918
- Staff costs -€73,898
down €73,898 (-22.6%), from €327,018 to €253,120
- Taxes -€15,081
down €15,081 (-41.6%), from €36,286 to €21,205
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 | €568,566 | €505,894 | -€62,671 | -11.0% |
| Fixed assets | 21/28 | €95,576 | €93,741 | -€1,835 | -1.9% |
| Tangible fixed assets | 22/27 | €95,576 | €93,741 | -€1,835 | -1.9% |
| Plant, machinery and equipment | 23 | €68,110 | €70,962 | +€2,851 | +4.2% |
| Furniture and vehicles | 24 | €20,440 | €17,843 | -€2,596 | -12.7% |
| Other tangible fixed assets | 26 | €7,026 | €4,936 | -€2,090 | -29.7% |
| Current assets | 29/58 | €472,990 | €412,153 | -€60,837 | -12.9% |
| Stocks and contracts in progress | 3 | €44,008 | €42,031 | -€1,977 | -4.5% |
| Stocks | 30/36 | €44,008 | €42,031 | -€1,977 | -4.5% |
| Amounts receivable within one year | 40/41 | €136,086 | €112,845 | -€23,241 | -17.1% |
| Trade receivables | 40 | €134,376 | €105,532 | -€28,844 | -21.5% |
| Other amounts receivable | 41 | €1,710 | €7,313 | +€5,603 | +327.6% |
| Current investments | 50/53 | €185,000 | €200,000 | +€15,000 | +8.1% |
| Cash at bank and in hand | 54/58 | €91,751 | €40,139 | -€51,612 | -56.3% |
| Deferred charges and accrued income | 490/1 | €16,146 | €17,139 | +€993 | +6.1% |
| Total equity and liabilities | 10/49 | €568,566 | €505,894 | -€62,671 | -11.0% |
| Equity | 10/15 | €357,178 | €360,405 | +€3,227 | +0.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €62,450 | €62,450 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232,728 | €235,955 | +€3,227 | +1.4% |
| Amounts payable | 17/49 | €211,388 | €145,490 | -€65,898 | -31.2% |
| Amounts payable after more than one year | 17 | €59,384 | €35,173 | -€24,212 | -40.8% |
| Financial debts | 170/4 | €59,384 | €35,173 | -€24,212 | -40.8% |
| Amounts payable within one year | 42/48 | €152,003 | €110,317 | -€41,686 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €24,136 | €24,212 | +€76 | +0.3% |
| Financial debts | 43 | €6,761 | €8,411 | +€1,650 | +24.4% |
| Credit institutions | 430/8 | €6,761 | €8,411 | +€1,650 | +24.4% |
| Trade debts | 44 | €68,194 | €43,911 | -€24,283 | -35.6% |
| Suppliers | 440/4 | €68,194 | €43,911 | -€24,283 | -35.6% |
| Taxes, remuneration and social security | 45 | €52,912 | €33,784 | -€19,128 | -36.2% |
| Taxes | 450/3 | €30,680 | €16,708 | -€13,971 | -45.5% |
| Remuneration and social security | 454/9 | €22,233 | €17,075 | -€5,157 | -23.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €500 | €0 | -€500 | -100.0% |
| Remuneration, social security and pensions | 62 | €327,018 | €253,120 | -€73,898 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,661 | €16,332 | +€3,671 | +29.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,659 | €2,772 | +€1,113 | +67.1% |
| Other operating charges | 640/8 | €1,306 | €1,101 | -€204 | -15.7% |
| Gross operating margin | 9900 | €479,789 | €342,918 | -€136,871 | -28.5% |
| Operating profit (loss) | 9901 | €137,145 | €69,592 | -€67,553 | -49.3% |
| Financial income | 75/76B | €5,790 | €8,925 | +€3,135 | +54.2% |
| Recurring financial income | 75 | €5,790 | €8,925 | +€3,135 | +54.2% |
| Financial charges | 65/66B | €3,908 | €4,085 | +€177 | +4.5% |
| Recurring financial charges | 65 | €3,908 | €4,085 | +€177 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €139,027 | €74,432 | -€64,595 | -46.5% |
| Income taxes | 67/77 | €36,286 | €21,205 | -€15,081 | -41.6% |
| Profit (loss) for the period | 9904 | €102,741 | €53,227 | -€49,514 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €102,741 | €53,227 | -€49,514 | -48.2% |
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 2 October 2026 via checked.be.