KOSA: 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.
KOSA
Largest movements
- Current investments +€398,177
new in 2025: €398,177
- Cash -€249,079
down €249,079 (-96.2%), from €258,857 to €9,778
mainly Current investments (-€398,177) and Contributions, distributions and other (-€162,480)
- Reserves +€131,513
up €131,513 (+7.2%), from €1.8m to €1.9m
- Financial income -€183,045
down €183,045 (-40.1%), from €456,683 to €273,639
- Taxes -€12,964
down €12,964 (-22.5%), from €57,494 to €44,530
- Financial charges -€8,122
down €8,122 (-77.5%), from €10,480 to €2,358
- Gross operating margin +€3,380
up €3,380 (+5.2%), from €65,005 to €68,385
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 | €3,802,191 | €3,952,571 | +€150,381 | +4.0% |
| Fixed assets | 21/28 | €3,075,684 | €3,075,684 | = | 0.0% |
| Financial fixed assets | 28 | €3,075,684 | €3,075,684 | = | 0.0% |
| Current assets | 29/58 | €726,507 | €876,887 | +€150,381 | +20.7% |
| Amounts receivable within one year | 40/41 | €461,229 | €460,091 | -€1,138 | -0.2% |
| Trade receivables | 40 | - | €28,000 | +€28,000 | |
| Other amounts receivable | 41 | €461,229 | €432,091 | -€29,138 | -6.3% |
| Current investments | 50/53 | - | €398,177 | +€398,177 | |
| Cash at bank and in hand | 54/58 | €258,857 | €9,778 | -€249,079 | -96.2% |
| Deferred charges and accrued income | 490/1 | €6,420 | €8,841 | +€2,421 | +37.7% |
| Total equity and liabilities | 10/49 | €3,802,191 | €3,952,571 | +€150,381 | +4.0% |
| Equity | 10/15 | €3,742,355 | €3,873,868 | +€131,513 | +3.5% |
| Contributions | 10/11 | €1,925,000 | €1,925,000 | = | 0.0% |
| Reserves | 13 | €1,817,355 | €1,948,868 | +€131,513 | +7.2% |
| Distributable reserves | 133 | €1,817,355 | €1,948,868 | +€131,513 | +7.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €59,836 | €78,703 | +€18,868 | +31.5% |
| Amounts payable within one year | 42/48 | €59,836 | €78,703 | +€18,868 | +31.5% |
| Trade debts | 44 | €7,378 | €5,709 | -€1,669 | -22.6% |
| Suppliers | 440/4 | €7,378 | €5,709 | -€1,669 | -22.6% |
| Taxes, remuneration and social security | 45 | €44,701 | €71,344 | +€26,643 | +59.6% |
| Taxes | 450/3 | €44,701 | €71,344 | +€26,643 | +59.6% |
| Other amounts payable | 47/48 | €7,757 | €1,651 | -€6,106 | -78.7% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | €65,005 | €68,385 | +€3,380 | +5.2% |
| Operating profit (loss) | 9901 | €63,897 | €67,243 | +€3,346 | +5.2% |
| Financial income | 75/76B | €456,683 | €273,639 | -€183,045 | -40.1% |
| Recurring financial income | 75 | €456,683 | €273,639 | -€183,045 | -40.1% |
| Financial charges | 65/66B | €10,480 | €2,358 | -€8,122 | -77.5% |
| Recurring financial charges | 65 | €10,480 | €2,358 | -€8,122 | -77.5% |
| Profit (loss) for the period before taxes | 9903 | €510,100 | €338,523 | -€171,577 | -33.6% |
| Income taxes | 67/77 | €57,494 | €44,530 | -€12,964 | -22.5% |
| Profit (loss) for the period | 9904 | €452,606 | €293,993 | -€158,613 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €452,606 | €293,993 | -€158,613 | -35.0% |
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 31 October 2026 via checked.be.