KOSABE: 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.
KOSABE
Largest movements
- Receivables within one year +€25,294
up €25,294 (+236.5%), from €10,693 to €35,987
of which Other amounts receivable: +€26,732
- Tangible fixed assets -€13,240
down €13,240 (-6.7%), from €198,250 to €185,010
of which Other tangible fixed assets: -€17,097
- Cash -€5,558
down €5,558 (-91.3%), from €6,087 to €529
mainly Trade debts (-€54,226) and Receivables within one year (-€25,294)
- Deferred charges and accrued income +€2,511
up €2,511 (+271.3%), from €926 to €3,437
- Debts after one year +€69,588
up €69,588 (+233.1%), from €29,854 to €99,442
- Trade debts -€54,226
down €54,226 (-64.8%), from €83,707 to €29,481
- Current portion of long-term debt +€45,246
up €45,246 (+495.2%), from €9,136 to €54,382
- Accrued charges and deferred income -€24,744
down €24,744 (-93.4%), from €26,500 to €1,756
- Other debts -€15,897
down €15,897 (-89.0%), from €17,855 to €1,958
- Gross operating margin -€36,606
down €36,606 (-14.3%), from €256,410 to €219,805
- Staff costs -€18,704
down €18,704 (-9.9%), from €189,663 to €170,959
- Financial charges +€12,855
up €12,855 (+71.6%), from €17,944 to €30,799
- Depreciation +€5,673
up €5,673 (+25.4%), from €22,344 to €28,017
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 | €232,619 | €239,768 | +€7,149 | +3.1% |
| Fixed assets | 21/28 | €206,675 | €192,076 | -€14,599 | -7.1% |
| Intangible fixed assets | 21 | €2,334 | €1,160 | -€1,174 | -50.3% |
| Tangible fixed assets | 22/27 | €198,250 | €185,010 | -€13,240 | -6.7% |
| Plant, machinery and equipment | 23 | €2,904 | €16,183 | +€13,278 | +457.2% |
| Furniture and vehicles | 24 | €83,750 | €74,328 | -€9,421 | -11.2% |
| Other tangible fixed assets | 26 | €108,886 | €91,789 | -€17,097 | -15.7% |
| Assets under construction and advance payments | 27 | €2,710 | €2,710 | = | 0.0% |
| Financial fixed assets | 28 | €6,091 | €5,906 | -€185 | -3.0% |
| Current assets | 29/58 | €25,944 | €47,692 | +€21,748 | +83.8% |
| Stocks and contracts in progress | 3 | €8,238 | €7,738 | -€500 | -6.1% |
| Stocks | 30/36 | €8,238 | €7,738 | -€500 | -6.1% |
| Amounts receivable within one year | 40/41 | €10,693 | €35,987 | +€25,294 | +236.5% |
| Trade receivables | 40 | €6,776 | €5,338 | -€1,438 | -21.2% |
| Other amounts receivable | 41 | €3,917 | €30,649 | +€26,732 | +682.5% |
| Cash at bank and in hand | 54/58 | €6,087 | €529 | -€5,558 | -91.3% |
| Deferred charges and accrued income | 490/1 | €926 | €3,437 | +€2,511 | +271.3% |
| Total equity and liabilities | 10/49 | €232,619 | €239,768 | +€7,149 | +3.1% |
| Equity | 10/15 | -€23,371 | -€25,447 | -€2,077 | -8.9% |
| Contributions | 10/11 | €6,395 | €6,200 | -€195 | -3.1% |
| Profit (loss) carried forward | 14 | -€29,766 | -€31,647 | -€1,881 | -6.3% |
| Amounts payable | 17/49 | €255,990 | €265,215 | +€9,225 | +3.6% |
| Amounts payable after more than one year | 17 | €29,854 | €99,442 | +€69,588 | +233.1% |
| Financial debts | 170/4 | €29,854 | €99,442 | +€69,588 | +233.1% |
| Amounts payable within one year | 42/48 | €199,635 | €164,016 | -€35,619 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €9,136 | €54,382 | +€45,246 | +495.2% |
| Financial debts | 43 | €4,118 | - | -€4,118 | |
| Credit institutions | 430/8 | €4,118 | - | -€4,118 | |
| Trade debts | 44 | €83,707 | €29,481 | -€54,226 | -64.8% |
| Suppliers | 440/4 | €83,707 | €29,481 | -€54,226 | -64.8% |
| Taxes, remuneration and social security | 45 | €84,820 | €78,196 | -€6,624 | -7.8% |
| Taxes | 450/3 | €61,205 | €49,833 | -€11,372 | -18.6% |
| Remuneration and social security | 454/9 | €23,615 | €28,362 | +€4,748 | +20.1% |
| Other amounts payable | 47/48 | €17,855 | €1,958 | -€15,897 | -89.0% |
| Accrued charges and deferred income | 492/3 | €26,500 | €1,756 | -€24,744 | -93.4% |
| Remuneration, social security and pensions | 62 | €189,663 | €170,959 | -€18,704 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,344 | €28,017 | +€5,673 | +25.4% |
| Other operating charges | 640/8 | €10,250 | €12,278 | +€2,028 | +19.8% |
| Gross operating margin | 9900 | €256,410 | €219,805 | -€36,606 | -14.3% |
| Operating profit (loss) | 9901 | €34,154 | €8,551 | -€25,603 | -75.0% |
| Financial income | 75/76B | €4 | €373 | +€369 | +9142.8% |
| Recurring financial income | 75 | €4 | €373 | +€369 | +9142.8% |
| Financial charges | 65/66B | €17,944 | €30,799 | +€12,855 | +71.6% |
| Recurring financial charges | 65 | €17,944 | €30,799 | +€12,855 | +71.6% |
| Profit (loss) for the period before taxes | 9903 | €16,214 | -€21,874 | -€38,089 | |
| Income taxes | 67/77 | €939 | - | -€939 | |
| Profit (loss) for the period | 9904 | €15,275 | -€21,874 | -€37,149 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,275 | -€21,874 | -€37,149 |
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 7 October 2026 via checked.be.