Koma: 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.
Koma
Largest movements
- Tangible fixed assets -€524,265
down €524,265 (-81.7%), from €641,688 to €117,423
of which Land and buildings: -€521,373
- Cash +€71,999
up €71,999 (+370%), from €19,437 to €91,436
mainly Investment in fixed assets (net) (+€539,061) and Receivables within one year (+€30,610)
- Financial fixed assets -€32,256
down €32,256 (-96.3%), from €33,479 to €1,223
- Receivables within one year -€30,610
down €30,610 (-49.3%), from €62,135 to €31,525
of which Other amounts receivable: -€19,407
- Debts after one year -€456,613
down €456,613 (-97.5%), from €468,114 to €11,500
- Current portion of long-term debt -€65,468
down €65,468 (-82.8%), from €79,098 to €13,629
- Other debts -€19,441
down €19,441 (-83.8%), from €23,192 to €3,751
- Depreciation -€82,819
down €82,819 (-82.6%), from €100,279 to €17,460
- Gross operating margin -€66,714
down €66,714 (-27.1%), from €246,523 to €179,808
- Financial charges +€39,623
up €39,623 (+139%), from €28,533 to €68,157
- Staff costs -€24,178
down €24,178 (-24.6%), from €98,402 to €74,224
- Taxes +€10,516
up €10,516 (+264%), from €3,983 to €14,500
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 | €771,007 | €247,694 | -€523,313 | -67.9% |
| Fixed assets | 21/28 | €675,167 | €118,646 | -€556,521 | -82.4% |
| Tangible fixed assets | 22/27 | €641,688 | €117,423 | -€524,265 | -81.7% |
| Land and buildings | 22 | €638,796 | €117,423 | -€521,373 | -81.6% |
| Plant, machinery and equipment | 23 | €2,892 | €0 | -€2,892 | -100% |
| Furniture and vehicles | 24 | €0 | €0 | -€0 | -100% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €33,479 | €1,223 | -€32,256 | -96.3% |
| Current assets | 29/58 | €95,840 | €129,047 | +€33,207 | +34.6% |
| Stocks and contracts in progress | 3 | €10,904 | €6,087 | -€4,818 | -44.2% |
| Stocks | 30/36 | €10,904 | €6,087 | -€4,818 | -44.2% |
| Amounts receivable within one year | 40/41 | €62,135 | €31,525 | -€30,610 | -49.3% |
| Trade receivables | 40 | €31,223 | €20,020 | -€11,203 | -35.9% |
| Other amounts receivable | 41 | €30,912 | €11,505 | -€19,407 | -62.8% |
| Cash at bank and in hand | 54/58 | €19,437 | €91,436 | +€71,999 | +370% |
| Deferred charges and accrued income | 490/1 | €3,365 | €0 | -€3,365 | -100% |
| Total equity and liabilities | 10/49 | €771,007 | €247,694 | -€523,313 | -67.9% |
| Equity | 10/15 | €151,868 | €157,810 | +€5,942 | +3.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €139,468 | €145,410 | +€5,942 | +4.3% |
| Distributable reserves | 133 | €139,468 | €145,410 | +€5,942 | +4.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €619,139 | €89,884 | -€529,255 | -85.5% |
| Amounts payable after more than one year | 17 | €468,114 | €11,500 | -€456,613 | -97.5% |
| Financial debts | 170/4 | €468,114 | €11,500 | -€456,613 | -97.5% |
| Amounts payable within one year | 42/48 | €151,025 | €77,789 | -€73,237 | -48.5% |
| Current portion of amounts payable after more than one year | 42 | €79,098 | €13,629 | -€65,468 | -82.8% |
| Financial debts | 43 | €209 | €0 | -€209 | -100% |
| Other loans | 439 | €209 | €0 | -€209 | -100% |
| Trade debts | 44 | €26,532 | €28,884 | +€2,352 | +8.9% |
| Suppliers | 440/4 | €26,532 | €28,884 | +€2,352 | +8.9% |
| Advances received on contracts in progress | 46 | €0 | €4,329 | +€4,329 | |
| Taxes, remuneration and social security | 45 | €21,994 | €27,196 | +€5,201 | +23.6% |
| Taxes | 450/3 | €13,273 | €19,040 | +€5,766 | +43.4% |
| Remuneration and social security | 454/9 | €8,721 | €8,156 | -€565 | -6.5% |
| Other amounts payable | 47/48 | €23,192 | €3,751 | -€19,441 | -83.8% |
| Accrued charges and deferred income | 492/3 | - | €595 | +€595 | |
| Non-recurring operating income | 76A | €29,660 | €193,415 | +€163,755 | +552% |
| Remuneration, social security and pensions | 62 | €98,402 | €74,224 | -€24,178 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,279 | €17,460 | -€82,819 | -82.6% |
| Other operating charges | 640/8 | €6,703 | €6,667 | -€37 | -0.5% |
| Non-recurring operating charges | 66A | €150 | €0 | -€150 | -100% |
| Gross operating margin | 9900 | €246,523 | €179,808 | -€66,714 | -27.1% |
| Operating profit (loss) | 9901 | €40,987 | €81,457 | +€40,470 | +98.7% |
| Financial income | 75/76B | €185 | €7,141 | +€6,956 | +3,764% |
| Recurring financial income | 75 | €185 | €7,141 | +€6,956 | +3,764% |
| Financial charges | 65/66B | €28,533 | €68,157 | +€39,623 | +139% |
| Recurring financial charges | 65 | €28,533 | €68,157 | +€39,623 | +139% |
| Profit (loss) for the period before taxes | 9903 | €12,639 | €20,441 | +€7,803 | +61.7% |
| Income taxes | 67/77 | €3,983 | €14,500 | +€10,516 | +264% |
| Profit (loss) for the period | 9904 | €8,655 | €5,942 | -€2,714 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,655 | €5,942 | -€2,714 | -31.4% |
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.