KOO: 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.
KOO
Largest movements
- Receivables within one year -€794,391
down €794,391 (-79.0%), from €1.0m to €210,845
of which Trade receivables: -€552,750
- Financial fixed assets -€683,380
down €683,380 (-41.6%), from €1.6m to €959,263
- Tangible fixed assets -€118,463
down €118,463 (-34.1%), from €347,285 to €228,823
of which Other tangible fixed assets: -€117,449
- Profit (loss) carried forward -€2.5m
down €2.5m (-33.3%), from -€7.7m to -€10.2m
- Other debts +€1.3m
up €1.3m (+13.6%), from €9.9m to €11.3m
- Trade debts -€386,559
down €386,559 (-53.0%), from €728,725 to €342,166
- Turnover -€2.0m
down €2.0m (-86.7%), from €2.3m to €307,132
- Purchases and services -€1.0m
down €1.0m (-32.1%), from €3.2m to €2.2m
- Gross operating margin -€663,188
down €663,188 (-241.4%), from -€274,725 to -€937,913
- Financial charges +€537,199
up €537,199 (+79.7%), from €673,780 to €1.2m
of which Non-recurring financial charges: +€518,942
- Staff costs -€288,042
down €288,042 (-51.4%), from €560,608 to €272,565
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 | €3,110,020 | €1,496,225 | -€1.6m | -51.9% |
| Fixed assets | 21/28 | €1,989,929 | €1,188,086 | -€801,843 | -40.3% |
| Tangible fixed assets | 22/27 | €347,285 | €228,823 | -€118,463 | -34.1% |
| Plant, machinery and equipment | 23 | €7,136 | €3,751 | -€3,385 | -47.4% |
| Furniture and vehicles | 24 | €6,855 | €9,227 | +€2,372 | +34.6% |
| Other tangible fixed assets | 26 | €333,294 | €215,845 | -€117,449 | -35.2% |
| Financial fixed assets | 28 | €1,642,643 | €959,263 | -€683,380 | -41.6% |
| Current assets | 29/58 | €1,120,091 | €308,139 | -€811,952 | -72.5% |
| Amounts receivable within one year | 40/41 | €1,005,236 | €210,845 | -€794,391 | -79.0% |
| Trade receivables | 40 | €709,581 | €156,831 | -€552,750 | -77.9% |
| Other amounts receivable | 41 | €295,655 | €54,014 | -€241,641 | -81.7% |
| Cash at bank and in hand | 54/58 | €55,919 | €53,090 | -€2,829 | -5.1% |
| Deferred charges and accrued income | 490/1 | €58,936 | €44,204 | -€14,733 | -25.0% |
| Total equity and liabilities | 10/49 | €3,110,020 | €1,496,225 | -€1.6m | -51.9% |
| Equity | 10/15 | -€7,595,999 | -€10,143,298 | -€2.5m | -33.5% |
| 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% |
| Profit (loss) carried forward | 14 | -€7,657,999 | -€10,205,298 | -€2.5m | -33.3% |
| Provisions and deferred taxes | 16 | - | €43 | +€43 | |
| Provisions for liabilities and charges | 160/5 | - | €43 | +€43 | |
| Pensions and similar obligations | 160 | - | €43 | +€43 | |
| Amounts payable | 17/49 | €10,706,019 | €11,639,481 | +€933,461 | +8.7% |
| Amounts payable within one year | 42/48 | €10,706,019 | €11,639,481 | +€933,461 | +8.7% |
| Trade debts | 44 | €728,725 | €342,166 | -€386,559 | -53.0% |
| Suppliers | 440/4 | €728,725 | €342,166 | -€386,559 | -53.0% |
| Taxes, remuneration and social security | 45 | €54,672 | €26,067 | -€28,605 | -52.3% |
| Taxes | 450/3 | €2,436 | €1,349 | -€1,087 | -44.6% |
| Remuneration and social security | 454/9 | €52,236 | €24,718 | -€27,518 | -52.7% |
| Other amounts payable | 47/48 | €9,922,622 | €11,271,247 | +€1.3m | +13.6% |
| Turnover | 70 | €2,316,085 | €307,132 | -€2.0m | -86.7% |
| Non-recurring operating income | 76A | €350 | €25 | -€325 | -92.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,171,854 | €2,153,152 | -€1.0m | -32.1% |
| Remuneration, social security and pensions | 62 | €560,608 | €272,565 | -€288,042 | -51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,991 | €124,518 | -€10,473 | -7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €43 | +€43 | |
| Other operating charges | 640/8 | €2,907 | €4,801 | +€1,894 | +65.1% |
| Non-recurring operating charges | 66A | €7,215 | €4,992 | -€2,223 | -30.8% |
| Gross operating margin | 9900 | -€274,725 | -€937,913 | -€663,188 | -241.4% |
| Operating profit (loss) | 9901 | -€980,445 | -€1,344,832 | -€364,387 | -37.2% |
| Financial income | 75/76B | €57,197 | €8,915 | -€48,281 | -84.4% |
| Recurring financial income | 75 | €11,938 | €8,915 | -€3,022 | -25.3% |
| Non-recurring financial income | 76B | €45,259 | - | -€45,259 | |
| Financial charges | 65/66B | €673,780 | €1,210,979 | +€537,199 | +79.7% |
| Recurring financial charges | 65 | €489,542 | €507,799 | +€18,257 | +3.7% |
| Non-recurring financial charges | 66B | €184,239 | €703,180 | +€518,942 | +281.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,597,029 | -€2,546,896 | -€949,867 | -59.5% |
| Income taxes | 67/77 | €805 | €403 | -€401 | -49.9% |
| Profit (loss) for the period | 9904 | -€1,597,834 | -€2,547,299 | -€949,465 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,597,834 | -€2,547,299 | -€949,465 | -59.4% |
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 8 October 2026 via checked.be.