Kookon: 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.
Kookon
Largest movements
- Receivables within one year +€404,824
up €404,824 (+358%), from €113,165 to €517,989
of which Trade receivables: +€353,502
- Stocks and contracts -€296,554
down €296,554 (-26.8%), from €1.1m to €811,680
- Cash -€86,593
down €86,593 (-91.4%), from €94,698 to €8,105
mainly Receivables within one year (-€404,824) and Debts after one year (-€360,002)
- Debts after one year -€360,002
down €360,002 (-40.8%), from €883,305 to €523,303
- Advances received +€278,886
new in 2025: €278,886
- Short-term financial debts +€134,590
new in 2025: €134,590
- Other debts -€54,623
down €54,623 (-100%), from €54,623 to €0
- Trade debts +€50,915
up €50,915 (+78.1%), from €65,223 to €116,139
- Gross operating margin +€130,915
up €130,915, from -€11,711 to €119,204
- Staff costs +€19,568
up €19,568 (+29.5%), from €66,304 to €85,872
- Financial charges -€13,271
down €13,271 (-22.7%), from €58,415 to €45,144
- Other operating charges -€2,092
down €2,092 (-53.3%), from €3,923 to €1,830
- Financial income -€1,641
down €1,641 (-28.2%), from €5,828 to €4,187
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 | €1,378,489 | €1,404,465 | +€25,976 | +1.9% |
| Fixed assets | 21/28 | €44,962 | €40,706 | -€4,256 | -9.5% |
| Intangible fixed assets | 21 | €13,510 | €10,288 | -€3,222 | -23.8% |
| Tangible fixed assets | 22/27 | €16,452 | €13,616 | -€2,837 | -17.2% |
| Plant, machinery and equipment | 23 | €14,841 | €12,415 | -€2,426 | -16.3% |
| Furniture and vehicles | 24 | €1,612 | €1,201 | -€411 | -25.5% |
| Financial fixed assets | 28 | €15,000 | €16,802 | +€1,802 | +12.0% |
| Current assets | 29/58 | €1,333,527 | €1,363,759 | +€30,232 | +2.3% |
| Stocks and contracts in progress | 3 | €1,108,234 | €811,680 | -€296,554 | -26.8% |
| Stocks | 30/36 | €1,108,234 | €811,680 | -€296,554 | -26.8% |
| Amounts receivable within one year | 40/41 | €113,165 | €517,989 | +€404,824 | +358% |
| Trade receivables | 40 | €113,158 | €466,660 | +€353,502 | +312% |
| Other amounts receivable | 41 | €8 | €51,330 | +€51,322 | +674,402% |
| Cash at bank and in hand | 54/58 | €94,698 | €8,105 | -€86,593 | -91.4% |
| Deferred charges and accrued income | 490/1 | €17,430 | €25,985 | +€8,555 | +49.1% |
| Total equity and liabilities | 10/49 | €1,378,489 | €1,404,465 | +€25,976 | +1.9% |
| Equity | 10/15 | €251,413 | €235,271 | -€16,143 | -6.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €189,913 | €173,771 | -€16,143 | -8.5% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €183,763 | €167,621 | -€16,143 | -8.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,127,076 | €1,169,195 | +€42,119 | +3.7% |
| Amounts payable after more than one year | 17 | €883,305 | €523,303 | -€360,002 | -40.8% |
| Financial debts | 170/4 | €883,305 | €523,303 | -€360,002 | -40.8% |
| Amounts payable within one year | 42/48 | €243,771 | €645,777 | +€402,006 | +165% |
| Current portion of amounts payable after more than one year | 42 | €49,948 | €39,601 | -€10,347 | -20.7% |
| Financial debts | 43 | - | €134,590 | +€134,590 | |
| Credit institutions | 430/8 | - | €134,590 | +€134,590 | |
| Trade debts | 44 | €65,223 | €116,139 | +€50,915 | +78.1% |
| Suppliers | 440/4 | €65,223 | €116,139 | +€50,915 | +78.1% |
| Advances received on contracts in progress | 46 | - | €278,886 | +€278,886 | |
| Taxes, remuneration and social security | 45 | €73,977 | €76,562 | +€2,585 | +3.5% |
| Taxes | 450/3 | €66,826 | €70,644 | +€3,818 | +5.7% |
| Remuneration and social security | 454/9 | €7,151 | €5,918 | -€1,233 | -17.2% |
| Other amounts payable | 47/48 | €54,623 | €0 | -€54,623 | -100% |
| Accrued charges and deferred income | 492/3 | - | €115 | +€115 | |
| Remuneration, social security and pensions | 62 | €66,304 | €85,872 | +€19,568 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,653 | €6,492 | -€161 | -2.4% |
| Other operating charges | 640/8 | €3,923 | €1,830 | -€2,092 | -53.3% |
| Gross operating margin | 9900 | -€11,711 | €119,204 | +€130,915 | |
| Operating profit (loss) | 9901 | -€88,590 | €25,010 | +€113,601 | |
| Financial income | 75/76B | €5,828 | €4,187 | -€1,641 | -28.2% |
| Recurring financial income | 75 | €5,828 | €4,187 | -€1,641 | -28.2% |
| Financial charges | 65/66B | €58,415 | €45,144 | -€13,271 | -22.7% |
| Recurring financial charges | 65 | €58,415 | €45,144 | -€13,271 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | -€141,177 | -€15,947 | +€125,230 | +88.7% |
| Income taxes | 67/77 | €170 | €196 | +€26 | +15.3% |
| Profit (loss) for the period | 9904 | -€141,347 | -€16,143 | +€125,204 | +88.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€141,347 | -€16,143 | +€125,204 | +88.6% |
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 13 October 2026 via checked.be.