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
- Deferred charges and accrued income +€130,719
up €130,719 (+160%), from €81,627 to €212,346
- Receivables within one year -€29,731
down €29,731 (-22.2%), from €134,168 to €104,436
of which Trade receivables: -€29,288
- Cash +€20,607
up €20,607 (+40.2%), from €51,263 to €71,870
mainly Trade debts (+€92,642) and Net result for the year (+€35,582)
- Tangible fixed assets -€15,251
down €15,251 (-17.9%), from €85,051 to €69,800
of which Furniture and vehicles: -€11,125
- Trade debts +€92,642
up €92,642 (+108%), from €85,392 to €178,034
- Other debts -€37,110
down €37,110 (-73.6%), from €50,440 to €13,331
- Debts after one year +€34,803
up €34,803 (+86.9%), from €40,058 to €74,861
- Reserves +€28,582
up €28,582 (+19.9%), from €143,878 to €172,460
of which Distributable reserves: +€30,437
- Current portion of long-term debt -€13,513
down €13,513 (-50.2%), from €26,916 to €13,402
- Gross operating margin +€96,828
up €96,828 (+96.7%), from €100,135 to €196,963
- Staff costs +€90,655
up €90,655 (+935%), from €9,693 to €100,349
- Other operating charges +€17,971
up €17,971 (+935%), from €1,921 to €19,893
- Taxes -€10,376
down €10,376 (-48.0%), from €21,597 to €11,222
- Depreciation +€10,167
up €10,167 (+64.8%), from €15,683 to €25,849
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 | €366,458 | €472,302 | +€105,844 | +28.9% |
| Fixed assets | 21/28 | €85,051 | €69,800 | -€15,251 | -17.9% |
| Tangible fixed assets | 22/27 | €85,051 | €69,800 | -€15,251 | -17.9% |
| Plant, machinery and equipment | 23 | €25,354 | €21,228 | -€4,126 | -16.3% |
| Furniture and vehicles | 24 | €59,697 | €48,572 | -€11,125 | -18.6% |
| Current assets | 29/58 | €281,407 | €402,502 | +€121,095 | +43.0% |
| Stocks and contracts in progress | 3 | €14,350 | €13,850 | -€500 | -3.5% |
| Stocks | 30/36 | €14,350 | €13,850 | -€500 | -3.5% |
| Amounts receivable within one year | 40/41 | €134,168 | €104,436 | -€29,731 | -22.2% |
| Trade receivables | 40 | €111,625 | €82,337 | -€29,288 | -26.2% |
| Other amounts receivable | 41 | €22,543 | €22,100 | -€443 | -2.0% |
| Cash at bank and in hand | 54/58 | €51,263 | €71,870 | +€20,607 | +40.2% |
| Deferred charges and accrued income | 490/1 | €81,627 | €212,346 | +€130,719 | +160% |
| Total equity and liabilities | 10/49 | €366,458 | €472,302 | +€105,844 | +28.9% |
| Equity | 10/15 | €151,236 | €179,817 | +€28,582 | +18.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €143,878 | €172,460 | +€28,582 | +19.9% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €142,023 | €172,460 | +€30,437 | +21.4% |
| Profit (loss) carried forward | 14 | €1,157 | €1,157 | = | 0.0% |
| Amounts payable | 17/49 | €215,222 | €292,485 | +€77,262 | +35.9% |
| Amounts payable after more than one year | 17 | €40,058 | €74,861 | +€34,803 | +86.9% |
| Financial debts | 170/4 | €40,058 | €74,861 | +€34,803 | +86.9% |
| Amounts payable within one year | 42/48 | €175,165 | €217,624 | +€42,459 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €26,916 | €13,402 | -€13,513 | -50.2% |
| Trade debts | 44 | €85,392 | €178,034 | +€92,642 | +108% |
| Suppliers | 440/4 | €85,392 | €178,034 | +€92,642 | +108% |
| Taxes, remuneration and social security | 45 | €12,417 | €12,857 | +€439 | +3.5% |
| Taxes | 450/3 | €10,590 | €2,789 | -€7,801 | -73.7% |
| Remuneration and social security | 454/9 | €1,828 | €10,068 | +€8,240 | +451% |
| Other amounts payable | 47/48 | €50,440 | €13,331 | -€37,110 | -73.6% |
| Non-recurring operating income | 76A | €2,500 | - | -€2,500 | |
| Remuneration, social security and pensions | 62 | €9,693 | €100,349 | +€90,655 | +935% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,683 | €25,849 | +€10,167 | +64.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €341 | - | -€341 | |
| Other operating charges | 640/8 | €1,921 | €19,893 | +€17,971 | +935% |
| Gross operating margin | 9900 | €100,135 | €196,963 | +€96,828 | +96.7% |
| Operating profit (loss) | 9901 | €72,497 | €50,873 | -€21,625 | -29.8% |
| Financial income | 75/76B | €171 | €1,149 | +€978 | +573% |
| Recurring financial income | 75 | €171 | €1,149 | +€978 | +573% |
| Financial charges | 65/66B | €1,525 | €5,218 | +€3,693 | +242% |
| Recurring financial charges | 65 | €1,525 | €5,218 | +€3,693 | +242% |
| Profit (loss) for the period before taxes | 9903 | €71,143 | €46,803 | -€24,339 | -34.2% |
| Income taxes | 67/77 | €21,597 | €11,222 | -€10,376 | -48.0% |
| Profit (loss) for the period | 9904 | €49,545 | €35,582 | -€13,964 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,545 | €35,582 | -€13,964 | -28.2% |
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 16 October 2026 via checked.be.