KOSAIEP: 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.
KOSAIEP
Largest movements
- Receivables within one year +€68,409
up €68,409 (+58.0%), from €117,892 to €186,301
of which Other amounts receivable: +€62,796
- Cash -€21,849
down €21,849 (-80.2%), from €27,253 to €5,404
mainly Receivables within one year (-€68,409) and Contributions, distributions and other (-€40,000)
- Tangible fixed assets +€6,968
up €6,968 (+143%), from €4,884 to €11,852
of which Furniture and vehicles: +€7,223
- Profit (loss) carried forward +€42,394
up €42,394 (+39.1%), from €108,438 to €150,832
- Other debts +€16,835
up €16,835 (+74.3%), from €22,665 to €39,500
- Tax, wage and social debts -€5,565
down €5,565 (-21.1%), from €26,438 to €20,873
- Gross operating margin +€30,510
up €30,510 (+35.4%), from €86,301 to €116,811
- Taxes +€5,425
up €5,425 (+22.7%), from €23,931 to €29,356
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 | €177,022 | €231,567 | +€54,545 | +30.8% |
| Fixed assets | 21/28 | €29,884 | €36,852 | +€6,968 | +23.3% |
| Tangible fixed assets | 22/27 | €4,884 | €11,852 | +€6,968 | +143% |
| Plant, machinery and equipment | 23 | €2,236 | €1,980 | -€256 | -11.4% |
| Furniture and vehicles | 24 | €2,648 | €9,871 | +€7,223 | +273% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €147,138 | €194,715 | +€47,577 | +32.3% |
| Amounts receivable within one year | 40/41 | €117,892 | €186,301 | +€68,409 | +58.0% |
| Trade receivables | 40 | - | €5,612 | +€5,612 | |
| Other amounts receivable | 41 | €117,892 | €180,688 | +€62,796 | +53.3% |
| Cash at bank and in hand | 54/58 | €27,253 | €5,404 | -€21,849 | -80.2% |
| Deferred charges and accrued income | 490/1 | €1,994 | €3,011 | +€1,017 | +51.0% |
| Total equity and liabilities | 10/49 | €177,022 | €231,567 | +€54,545 | +30.8% |
| Equity | 10/15 | €127,038 | €169,432 | +€42,394 | +33.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,438 | €150,832 | +€42,394 | +39.1% |
| Amounts payable | 17/49 | €49,984 | €62,135 | +€12,150 | +24.3% |
| Amounts payable within one year | 42/48 | €49,984 | €62,135 | +€12,150 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | - | €1,678 | +€1,678 | |
| Trade debts | 44 | €882 | €84 | -€798 | -90.5% |
| Suppliers | 440/4 | €882 | €84 | -€798 | -90.5% |
| Taxes, remuneration and social security | 45 | €26,438 | €20,873 | -€5,565 | -21.1% |
| Taxes | 450/3 | €26,438 | €20,873 | -€5,565 | -21.1% |
| Other amounts payable | 47/48 | €22,665 | €39,500 | +€16,835 | +74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,201 | €1,289 | +€88 | +7.3% |
| Other operating charges | 640/8 | €544 | €669 | +€125 | +23.0% |
| Gross operating margin | 9900 | €86,301 | €116,811 | +€30,510 | +35.4% |
| Operating profit (loss) | 9901 | €84,557 | €114,853 | +€30,296 | +35.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,971 | €3,103 | -€868 | -21.9% |
| Recurring financial charges | 65 | €3,971 | €3,103 | -€868 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €80,586 | €111,750 | +€31,164 | +38.7% |
| Income taxes | 67/77 | €23,931 | €29,356 | +€5,425 | +22.7% |
| Profit (loss) for the period | 9904 | €56,655 | €82,394 | +€25,739 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,655 | €82,394 | +€25,739 | +45.4% |
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 30 October 2026 via checked.be.