KOM & LEER: 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.
KOM & LEER
Largest movements
- Cash -€13,486
down €13,486 (-34.7%), from €38,854 to €25,367
mainly Investment in fixed assets (net) (-€30,815) and Trade debts (-€16,308)
- Tangible fixed assets +€6,432
up €6,432 (+1.3%), from €484,028 to €490,460
of which Land and buildings: +€6,638
- Debts after one year +€16,421
up €16,421 (+4.5%), from €363,901 to €380,322
- Trade debts -€16,308
down €16,308 (-97.6%), from €16,708 to €401
- Tax, wage and social debts -€7,395
down €7,395 (-76.7%), from €9,646 to €2,251
- Depreciation +€5,406
up €5,406 (+28.5%), from €18,978 to €24,383
- Gross operating margin -€5,386
down €5,386 (-10.5%), from €51,319 to €45,933
- Financial charges -€4,969
down €4,969 (-26.5%), from €18,723 to €13,755
- Staff costs +€1,251
up €1,251 (+73.5%), from €1,702 to €2,953
- Taxes -€1,087
down €1,087 (-38.0%), from €2,858 to €1,771
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 | €524,217 | €517,162 | -€7,054 | -1.3% |
| Fixed assets | 21/28 | €484,028 | €490,460 | +€6,432 | +1.3% |
| Tangible fixed assets | 22/27 | €484,028 | €490,460 | +€6,432 | +1.3% |
| Land and buildings | 22 | €467,070 | €473,708 | +€6,638 | +1.4% |
| Plant, machinery and equipment | 23 | €7,293 | €6,739 | -€554 | -7.6% |
| Furniture and vehicles | 24 | €9,666 | €10,013 | +€348 | +3.6% |
| Current assets | 29/58 | €40,188 | €26,702 | -€13,486 | -33.6% |
| Amounts receivable within one year | 40/41 | €1,200 | €1,300 | +€100 | +8.3% |
| Other amounts receivable | 41 | €1,200 | €1,300 | +€100 | +8.3% |
| Cash at bank and in hand | 54/58 | €38,854 | €25,367 | -€13,486 | -34.7% |
| Deferred charges and accrued income | 490/1 | €134 | €35 | -€99 | -74.1% |
| Total equity and liabilities | 10/49 | €524,217 | €517,162 | -€7,054 | -1.3% |
| Equity | 10/15 | €62,390 | €60,142 | -€2,247 | -3.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €32,390 | €30,142 | -€2,247 | -6.9% |
| Distributable reserves | 133 | €32,390 | €30,142 | -€2,247 | -6.9% |
| Amounts payable | 17/49 | €461,827 | €457,020 | -€4,807 | -1.0% |
| Amounts payable after more than one year | 17 | €363,901 | €380,322 | +€16,421 | +4.5% |
| Financial debts | 170/4 | €363,901 | €380,322 | +€16,421 | +4.5% |
| Amounts payable within one year | 42/48 | €93,982 | €74,058 | -€19,924 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €15,268 | €15,309 | +€41 | +0.3% |
| Trade debts | 44 | €16,708 | €401 | -€16,308 | -97.6% |
| Suppliers | 440/4 | €16,708 | €401 | -€16,308 | -97.6% |
| Taxes, remuneration and social security | 45 | €9,646 | €2,251 | -€7,395 | -76.7% |
| Taxes | 450/3 | €9,646 | €2,251 | -€7,395 | -76.7% |
| Other amounts payable | 47/48 | €52,359 | €56,097 | +€3,738 | +7.1% |
| Accrued charges and deferred income | 492/3 | €3,944 | €2,640 | -€1,304 | -33.1% |
| Remuneration, social security and pensions | 62 | €1,702 | €2,953 | +€1,251 | +73.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,978 | €24,383 | +€5,406 | +28.5% |
| Other operating charges | 640/8 | €3,973 | €3,602 | -€371 | -9.3% |
| Gross operating margin | 9900 | €51,319 | €45,933 | -€5,386 | -10.5% |
| Operating profit (loss) | 9901 | €26,667 | €14,995 | -€11,672 | -43.8% |
| Financial income | 75/76B | €1 | €1 | +€0 | +47.7% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +47.7% |
| Financial charges | 65/66B | €18,723 | €13,755 | -€4,969 | -26.5% |
| Recurring financial charges | 65 | €18,723 | €13,755 | -€4,969 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €7,944 | €1,241 | -€6,703 | -84.4% |
| Income taxes | 67/77 | €2,858 | €1,771 | -€1,087 | -38.0% |
| Profit (loss) for the period | 9904 | €5,086 | -€529 | -€5,616 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,086 | -€529 | -€5,616 |
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 27 October 2026 via checked.be.