KOSAR: 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.
KOSAR
Largest movements
- Cash +€35,366
up €35,366 (+1,000%), from €3,536 to €38,902
mainly Advances received (+€25,000) and Receivables within one year (+€22,839)
- Receivables within one year -€22,839
down €22,839 (-18.9%), from €120,563 to €97,724
of which Trade receivables: -€29,817
- Tangible fixed assets -€19,493
no longer reported in 2024 (was €19,493)
- Stocks and contracts -€3,580
down €3,580 (-63.8%), from €5,615 to €2,035
- Trade debts -€60,246
down €60,246 (-52.0%), from €115,918 to €55,672
- Advances received +€25,000
new in 2024: €25,000
- Other debts +€20,000
up €20,000 (+17.1%), from €116,851 to €136,851
- Profit (loss) carried forward +€12,268
no longer reported in 2024 (was -€12,268)
- Reserves -€9,740
down €9,740 (-85.3%), from €11,417 to €1,678
- Gross operating margin +€31,967
up €31,967 (+66.0%), from €48,444 to €80,412
- Staff costs +€23,870
up €23,870 (+49.3%), from €48,376 to €72,246
- Depreciation -€7,320
no longer reported in 2024 (was €7,320)
- Taxes +€1,341
up €1,341 (+254%), from €527 to €1,868
- Financial charges +€1,099
up €1,099 (+26.2%), from €4,200 to €5,299
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €287,568 | €275,645 | -€11,923 | -4.1% |
| Fixed assets | 21/28 | €156,195 | €136,702 | -€19,493 | -12.5% |
| Tangible fixed assets | 22/27 | €19,493 | - | -€19,493 | |
| Furniture and vehicles | 24 | €19,493 | - | -€19,493 | |
| Financial fixed assets | 28 | €136,702 | €136,702 | = | 0.0% |
| Current assets | 29/58 | €131,373 | €138,943 | +€7,570 | +5.8% |
| Stocks and contracts in progress | 3 | €5,615 | €2,035 | -€3,580 | -63.8% |
| Stocks | 30/36 | €5,615 | €2,035 | -€3,580 | -63.8% |
| Amounts receivable within one year | 40/41 | €120,563 | €97,724 | -€22,839 | -18.9% |
| Trade receivables | 40 | €84,051 | €54,234 | -€29,817 | -35.5% |
| Other amounts receivable | 41 | €36,512 | €43,491 | +€6,978 | +19.1% |
| Cash at bank and in hand | 54/58 | €3,536 | €38,902 | +€35,366 | +1,000% |
| Deferred charges and accrued income | 490/1 | €1,659 | €282 | -€1,376 | -83.0% |
| Total equity and liabilities | 10/49 | €287,568 | €275,645 | -€11,923 | -4.1% |
| Equity | 10/15 | €5,149 | €7,678 | +€2,528 | +49.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €11,417 | €1,678 | -€9,740 | -85.3% |
| Distributable reserves | 133 | €11,417 | €1,678 | -€9,740 | -85.3% |
| Profit (loss) carried forward | 14 | -€12,268 | - | +€12,268 | |
| Amounts payable | 17/49 | €282,419 | €267,968 | -€14,451 | -5.1% |
| Amounts payable after more than one year | 17 | €14,706 | €6,574 | -€8,133 | -55.3% |
| Financial debts | 170/4 | €14,706 | €6,574 | -€8,133 | -55.3% |
| Amounts payable within one year | 42/48 | €265,149 | €258,689 | -€6,460 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €7,464 | €8,133 | +€668 | +9.0% |
| Financial debts | 43 | - | €9 | +€9 | |
| Credit institutions | 430/8 | - | €9 | +€9 | |
| Trade debts | 44 | €115,918 | €55,672 | -€60,246 | -52.0% |
| Suppliers | 440/4 | €115,918 | €55,672 | -€60,246 | -52.0% |
| Advances received on contracts in progress | 46 | - | €25,000 | +€25,000 | |
| Taxes, remuneration and social security | 45 | €24,915 | €33,025 | +€8,110 | +32.5% |
| Taxes | 450/3 | €3,287 | €2,396 | -€892 | -27.1% |
| Remuneration and social security | 454/9 | €21,628 | €30,629 | +€9,001 | +41.6% |
| Other amounts payable | 47/48 | €116,851 | €136,851 | +€20,000 | +17.1% |
| Accrued charges and deferred income | 492/3 | €2,564 | €2,705 | +€141 | +5.5% |
| Remuneration, social security and pensions | 62 | €48,376 | €72,246 | +€23,870 | +49.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,320 | - | -€7,320 | |
| Other operating charges | 640/8 | €2,969 | €1,880 | -€1,089 | -36.7% |
| Gross operating margin | 9900 | €48,444 | €80,412 | +€31,967 | +66.0% |
| Operating profit (loss) | 9901 | -€10,220 | €6,286 | +€16,506 | |
| Financial income | 75/76B | €2,679 | €3,409 | +€730 | +27.2% |
| Recurring financial income | 75 | €2,679 | €3,409 | +€730 | +27.2% |
| Financial charges | 65/66B | €4,200 | €5,299 | +€1,099 | +26.2% |
| Recurring financial charges | 65 | €4,200 | €5,299 | +€1,099 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,741 | €4,396 | +€16,137 | |
| Income taxes | 67/77 | €527 | €1,868 | +€1,341 | +254% |
| Profit (loss) for the period | 9904 | -€12,268 | €2,528 | +€14,796 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,268 | €2,528 | +€14,796 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.