KONES: 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.
KONES
Largest movements
- Stocks and contracts -€577,954
down €577,954 (-39.8%), from €1.5m to €873,874
- Receivables after one year +€251,438
new in 2025: €251,438
- Cash +€50,039
up €50,039 (+226.4%), from €22,101 to €72,140
mainly Stocks and contracts (+€577,954) and Debts after one year (+€250,000)
- Receivables within one year +€24,851
up €24,851 (+6.0%), from €415,363 to €440,214
- Short-term financial debts -€737,050
no longer reported in 2025 (was €737,050)
- Debts after one year +€250,000
up €250,000 (+33.5%), from €747,000 to €997,000
- Reserves +€98,460
up €98,460 (+41.0%), from €240,000 to €338,460
- Other debts +€87,231
up €87,231 (+82.1%), from €106,238 to €193,469
- Profit (loss) carried forward +€53,111
up €53,111, from -€53,109 to €2
- Gross operating margin +€217,041
up €217,041 (+2355.3%), from €9,215 to €226,256
- Taxes +€49,269
up €49,269 (+2815391.4%), from €2 to €49,271
- Financial charges +€18,287
up €18,287 (+252.6%), from €7,240 to €25,528
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 | €1,889,291 | €1,637,666 | -€251,625 | -13.3% |
| Current assets | 29/58 | €1,889,291 | €1,637,666 | -€251,625 | -13.3% |
| Amounts receivable after more than one year | 29 | - | €251,438 | +€251,438 | |
| Other amounts receivable | 291 | - | €251,438 | +€251,438 | |
| Stocks and contracts in progress | 3 | €1,451,828 | €873,874 | -€577,954 | -39.8% |
| Stocks | 30/36 | €1,451,828 | €873,874 | -€577,954 | -39.8% |
| Amounts receivable within one year | 40/41 | €415,363 | €440,214 | +€24,851 | +6.0% |
| Other amounts receivable | 41 | €415,363 | €440,214 | +€24,851 | +6.0% |
| Cash at bank and in hand | 54/58 | €22,101 | €72,140 | +€50,039 | +226.4% |
| Total equity and liabilities | 10/49 | €1,889,291 | €1,637,666 | -€251,625 | -13.3% |
| Equity | 10/15 | €205,441 | €357,012 | +€151,571 | +73.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €240,000 | €338,460 | +€98,460 | +41.0% |
| Distributable reserves | 133 | €240,000 | €338,460 | +€98,460 | +41.0% |
| Profit (loss) carried forward | 14 | -€53,109 | €2 | +€53,111 | |
| Amounts payable | 17/49 | €1,683,850 | €1,280,654 | -€403,197 | -23.9% |
| Amounts payable after more than one year | 17 | €747,000 | €997,000 | +€250,000 | +33.5% |
| Financial debts | 170/4 | €747,000 | €997,000 | +€250,000 | +33.5% |
| Amounts payable within one year | 42/48 | €843,288 | €242,740 | -€600,548 | -71.2% |
| Financial debts | 43 | €737,050 | - | -€737,050 | |
| Credit institutions | 430/8 | €737,050 | - | -€737,050 | |
| Taxes, remuneration and social security | 45 | - | €49,271 | +€49,271 | |
| Taxes | 450/3 | - | €49,271 | +€49,271 | |
| Other amounts payable | 47/48 | €106,238 | €193,469 | +€87,231 | +82.1% |
| Accrued charges and deferred income | 492/3 | €93,562 | €40,914 | -€52,649 | -56.3% |
| Other operating charges | 640/8 | €1,149 | €1,388 | +€239 | +20.8% |
| Gross operating margin | 9900 | €9,215 | €226,256 | +€217,041 | +2355.3% |
| Operating profit (loss) | 9901 | €8,066 | €224,868 | +€216,802 | +2688.0% |
| Financial income | 75/76B | €132 | €1,503 | +€1,371 | +1038.5% |
| Recurring financial income | 75 | €132 | €1,503 | +€1,371 | +1038.5% |
| Financial charges | 65/66B | €7,240 | €25,528 | +€18,287 | +252.6% |
| Recurring financial charges | 65 | €7,240 | €25,528 | +€18,287 | +252.6% |
| Profit (loss) for the period before taxes | 9903 | €957 | €200,843 | +€199,886 | +20884.9% |
| Income taxes | 67/77 | €2 | €49,271 | +€49,269 | +2815391.4% |
| Profit (loss) for the period | 9904 | €955 | €151,571 | +€150,616 | +15765.9% |
| Profit (loss) for the period to be appropriated | 9905 | €955 | €151,571 | +€150,616 | +15765.9% |
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 6 October 2026 via checked.be.