KONECO: 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.
KONECO
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash -€20,963
down €20,963 (-26.6%), from €78,957 to €57,994
mainly Contributions, distributions and other (-€141,402) and Tax, wage and social debts (-€11,334)
- Receivables within one year -€15,499
down €15,499 (-36.8%), from €42,168 to €26,670
of which Trade receivables: -€14,903
- Reserves -€88,159
down €88,159 (-61.7%), from €142,869 to €54,710
of which Distributable reserves: -€88,159
- Other debts +€15,086
up €15,086 (+926%), from €1,628 to €16,715
- Tax, wage and social debts -€11,334
down €11,334 (-48.5%), from €23,348 to €12,015
of which Taxes: -€11,325
- Gross operating margin +€2,877
up €2,877 (+4.3%), from €66,951 to €69,828
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 | €177,248 | €91,721 | -€85,527 | -48.3% |
| Fixed assets | 21/28 | €5,116 | €6,213 | +€1,097 | +21.4% |
| Tangible fixed assets | 22/27 | €5,116 | €6,213 | +€1,097 | +21.4% |
| Furniture and vehicles | 24 | €5,116 | €6,213 | +€1,097 | +21.4% |
| Current assets | 29/58 | €172,131 | €85,507 | -€86,624 | -50.3% |
| Amounts receivable within one year | 40/41 | €42,168 | €26,670 | -€15,499 | -36.8% |
| Trade receivables | 40 | €35,372 | €20,468 | -€14,903 | -42.1% |
| Other amounts receivable | 41 | €6,797 | €6,201 | -€595 | -8.8% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €78,957 | €57,994 | -€20,963 | -26.6% |
| Deferred charges and accrued income | 490/1 | €1,006 | €844 | -€162 | -16.1% |
| Total equity and liabilities | 10/49 | €177,248 | €91,721 | -€85,527 | -48.3% |
| Equity | 10/15 | €148,369 | €60,210 | -€88,159 | -59.4% |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Reserves | 13 | €142,869 | €54,710 | -€88,159 | -61.7% |
| Tax-exempt reserves | 132 | €1,467 | €1,467 | = | 0.0% |
| Distributable reserves | 133 | €141,402 | €53,243 | -€88,159 | -62.3% |
| Amounts payable | 17/49 | €28,878 | €31,511 | +€2,632 | +9.1% |
| Amounts payable within one year | 42/48 | €28,778 | €31,411 | +€2,632 | +9.1% |
| Trade debts | 44 | €3,802 | €2,682 | -€1,120 | -29.5% |
| Suppliers | 440/4 | €3,802 | €2,682 | -€1,120 | -29.5% |
| Taxes, remuneration and social security | 45 | €23,348 | €12,015 | -€11,334 | -48.5% |
| Taxes | 450/3 | €20,304 | €8,979 | -€11,325 | -55.8% |
| Remuneration and social security | 454/9 | €3,044 | €3,035 | -€9 | -0.3% |
| Other amounts payable | 47/48 | €1,628 | €16,715 | +€15,086 | +926% |
| Accrued charges and deferred income | 492/3 | €100 | €100 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,665 | €2,060 | +€395 | +23.7% |
| Other operating charges | 640/8 | €469 | €1,069 | +€600 | +128% |
| Gross operating margin | 9900 | €66,951 | €69,828 | +€2,877 | +4.3% |
| Operating profit (loss) | 9901 | €64,817 | €66,698 | +€1,882 | +2.9% |
| Financial income | 75/76B | €244 | €495 | +€251 | +103% |
| Recurring financial income | 75 | €244 | €495 | +€251 | +103% |
| Financial charges | 65/66B | €259 | €152 | -€107 | -41.4% |
| Recurring financial charges | 65 | €259 | €152 | -€107 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €64,802 | €67,042 | +€2,240 | +3.5% |
| Income taxes | 67/77 | €13,203 | €13,799 | +€595 | +4.5% |
| Profit (loss) for the period | 9904 | €51,599 | €53,243 | +€1,644 | +3.2% |
| Transfer to tax-exempt reserves | 689 | €1,115 | - | -€1,115 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,483 | €53,243 | +€2,760 | +5.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.