KOSHINE: 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.
KOSHINE
Largest movements
- Cash +€228,412
up €228,412 (+75.8%), from €301,519 to €529,931
mainly Receivables within one year (+€108,958) and Net result for the year (+€82,156)
- Receivables within one year -€108,958
down €108,958 (-70.9%), from €153,780 to €44,822
of which Trade receivables: -€108,941
- Tangible fixed assets +€15,327
up €15,327 (+46.7%), from €32,849 to €48,176
of which Land and buildings: +€13,236
- Reserves +€79,656
up €79,656 (+26.8%), from €297,330 to €376,986
of which Distributable reserves: +€84,016
- Tax, wage and social debts +€40,287
up €40,287 (+120%), from €33,509 to €73,796
- Trade debts +€17,934
up €17,934 (+921%), from €1,948 to €19,882
- Depreciation -€35,324
down €35,324 (-78.3%), from €45,139 to €9,815
- Taxes +€23,794
up €23,794 (+146%), from €16,319 to €40,114
- Gross operating margin -€9,773
down €9,773 (-6.8%), from €144,068 to €134,295
- Other operating charges +€1,442
up €1,442 (+134%), from €1,077 to €2,519
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 | €488,387 | €625,531 | +€137,144 | +28.1% |
| Fixed assets | 21/28 | €33,049 | €49,576 | +€16,527 | +50.0% |
| Tangible fixed assets | 22/27 | €32,849 | €48,176 | +€15,327 | +46.7% |
| Land and buildings | 22 | €5,494 | €18,730 | +€13,236 | +241% |
| Plant, machinery and equipment | 23 | €9,693 | €8,590 | -€1,103 | -11.4% |
| Furniture and vehicles | 24 | €17,663 | €20,857 | +€3,194 | +18.1% |
| Financial fixed assets | 28 | €200 | €1,400 | +€1,200 | +600% |
| Current assets | 29/58 | €455,338 | €575,954 | +€120,616 | +26.5% |
| Amounts receivable within one year | 40/41 | €153,780 | €44,822 | -€108,958 | -70.9% |
| Trade receivables | 40 | €153,763 | €44,822 | -€108,941 | -70.9% |
| Other amounts receivable | 41 | €17 | - | -€17 | |
| Cash at bank and in hand | 54/58 | €301,519 | €529,931 | +€228,412 | +75.8% |
| Deferred charges and accrued income | 490/1 | €39 | €1,201 | +€1,162 | +2,980% |
| Total equity and liabilities | 10/49 | €488,387 | €625,531 | +€137,144 | +28.1% |
| Equity | 10/15 | €353,530 | €433,186 | +€79,656 | +22.5% |
| Contributions | 10/11 | €56,200 | €56,200 | = | 0.0% |
| Reserves | 13 | €297,330 | €376,986 | +€79,656 | +26.8% |
| Non-distributable reserves | 130/1 | €4,360 | - | -€4,360 | |
| Reserves not available under the articles | 1311 | €4,360 | - | -€4,360 | |
| Distributable reserves | 133 | €292,970 | €376,986 | +€84,016 | +28.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €134,857 | €192,344 | +€57,488 | +42.6% |
| Amounts payable within one year | 42/48 | €134,857 | €192,344 | +€57,488 | +42.6% |
| Financial debts | 43 | €437 | €804 | +€367 | +84.1% |
| Credit institutions | 430/8 | €437 | €804 | +€367 | +84.1% |
| Trade debts | 44 | €1,948 | €19,882 | +€17,934 | +921% |
| Suppliers | 440/4 | €1,948 | €19,882 | +€17,934 | +921% |
| Taxes, remuneration and social security | 45 | €33,509 | €73,796 | +€40,287 | +120% |
| Taxes | 450/3 | €33,509 | €73,796 | +€40,287 | +120% |
| Other amounts payable | 47/48 | €98,964 | €97,863 | -€1,101 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,139 | €9,815 | -€35,324 | -78.3% |
| Other operating charges | 640/8 | €1,077 | €2,519 | +€1,442 | +134% |
| Gross operating margin | 9900 | €144,068 | €134,295 | -€9,773 | -6.8% |
| Operating profit (loss) | 9901 | €97,852 | €121,961 | +€24,109 | +24.6% |
| Financial income | 75/76B | €230 | €1,136 | +€906 | +394% |
| Recurring financial income | 75 | €230 | €1,136 | +€906 | +394% |
| Financial charges | 65/66B | €123 | €827 | +€704 | +573% |
| Recurring financial charges | 65 | €123 | €827 | +€704 | +573% |
| Profit (loss) for the period before taxes | 9903 | €97,959 | €122,270 | +€24,311 | +24.8% |
| Income taxes | 67/77 | €16,319 | €40,114 | +€23,794 | +146% |
| Profit (loss) for the period | 9904 | €81,639 | €82,156 | +€517 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €81,639 | €82,156 | +€517 | +0.6% |
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 19 October 2026 via checked.be.