KOSI: what changed
KOSI
Largest movements
- Financial fixed assets -€230,310
down €230,310 (-100%), from €230,310 to €0
- Receivables within one year -€119,946
down €119,946 (-96.0%), from €124,958 to €5,012
of which Other amounts receivable: -€120,946
- Tangible fixed assets -€65,061
down €65,061 (-3.4%), from €1.9m to €1.9m
of which Land and buildings: -€55,270
- Cash +€23,608
up €23,608, from €0 to €23,608
mainly Investment in fixed assets (net) (+€228,632) and Receivables within one year (+€119,946)
- Other debts -€264,719
down €264,719 (-14.4%), from €1.8m to €1.6m
- Profit (loss) carried forward -€69,868
new in 2025: -€69,868
- Reserves -€28,143
down €28,143 (-100%), from €28,143 to €0
- Financial charges +€130,577
up €130,577 (+6,227%), from €2,097 to €132,674
of which Non-recurring financial charges: +€131,830
- Turnover -€76,892
no longer reported in 2025 (was €76,892)
- Purchases and services -€45,329
no longer reported in 2025 (was €45,329)
- Gross operating margin +€40,687
up €40,687 (+129%), from €31,563 to €72,251
- Financial income +€33,165
up €33,165 (+8,735%), from €380 to €33,545
of which Financial income: +€33,165
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,305,004 | €1,912,530 | -€392,474 | -17.0% |
| Fixed assets | 21/28 | €2,166,201 | €1,870,829 | -€295,372 | -13.6% |
| Tangible fixed assets | 22/27 | €1,935,891 | €1,870,829 | -€65,061 | -3.4% |
| Land and buildings | 22 | €1,923,992 | €1,868,722 | -€55,270 | -2.9% |
| Plant, machinery and equipment | 23 | €542 | €0 | -€542 | -100.0% |
| Furniture and vehicles | 24 | €626 | €1,735 | +€1,108 | +177% |
| Other tangible fixed assets | 26 | €10,731 | €373 | -€10,358 | -96.5% |
| Financial fixed assets | 28 | €230,310 | €0 | -€230,310 | -100% |
| Current assets | 29/58 | €138,803 | €41,701 | -€97,102 | -70.0% |
| Amounts receivable within one year | 40/41 | €124,958 | €5,012 | -€119,946 | -96.0% |
| Trade receivables | 40 | €4,000 | €5,000 | +€1,000 | +25.0% |
| Other amounts receivable | 41 | €120,958 | €12 | -€120,946 | -100.0% |
| Cash at bank and in hand | 54/58 | €0 | €23,608 | +€23,608 | |
| Deferred charges and accrued income | 490/1 | €13,845 | €13,081 | -€764 | -5.5% |
| Total equity and liabilities | 10/49 | €2,305,004 | €1,912,530 | -€392,474 | -17.0% |
| Equity | 10/15 | €428,143 | €330,132 | -€98,011 | -22.9% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €28,143 | €0 | -€28,143 | -100% |
| Distributable reserves | 133 | €28,143 | €0 | -€28,143 | -100% |
| Profit (loss) carried forward | 14 | - | -€69,868 | -€69,868 | |
| Amounts payable | 17/49 | €1,876,861 | €1,582,398 | -€294,463 | -15.7% |
| Amounts payable within one year | 42/48 | €1,876,617 | €1,582,182 | -€294,435 | -15.7% |
| Financial debts | 43 | €18,947 | €142 | -€18,805 | -99.2% |
| Credit institutions | 430/8 | €18,947 | €142 | -€18,805 | -99.2% |
| Trade debts | 44 | €12,703 | €1,136 | -€11,567 | -91.1% |
| Suppliers | 440/4 | €12,703 | €1,136 | -€11,567 | -91.1% |
| Taxes, remuneration and social security | 45 | €2,086 | €2,742 | +€655 | +31.4% |
| Taxes | 450/3 | €2,086 | €2,742 | +€655 | +31.4% |
| Other amounts payable | 47/48 | €1,842,880 | €1,578,161 | -€264,719 | -14.4% |
| Accrued charges and deferred income | 492/3 | €244 | €216 | -€28 | -11.4% |
| Turnover | 70 | €76,892 | - | -€76,892 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €45,329 | - | -€45,329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,224 | €66,740 | -€484 | -0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €5,972 | €4,393 | -€1,579 | -26.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €31,563 | €72,251 | +€40,687 | +129% |
| Operating profit (loss) | 9901 | -€41,633 | €1,118 | +€42,751 | |
| Financial income | 75/76B | €380 | €33,545 | +€33,165 | +8,735% |
| Recurring financial income | 75 | €380 | €33,545 | +€33,165 | +8,735% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,097 | €132,674 | +€130,577 | +6,227% |
| Recurring financial charges | 65 | €2,097 | €844 | -€1,253 | -59.7% |
| Non-recurring financial charges | 66B | - | €131,830 | +€131,830 | |
| Profit (loss) for the period before taxes | 9903 | -€43,350 | -€98,011 | -€54,661 | -126% |
| Income taxes | 67/77 | €24 | €0 | -€24 | -100% |
| Profit (loss) for the period | 9904 | -€43,374 | -€98,011 | -€54,637 | -126% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,374 | -€98,011 | -€54,637 | -126% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.