KOSINI: 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.
KOSINI
Largest movements
- Current investments +€102,796
up €102,796 (+153.7%), from €66,896 to €169,692
- Cash -€81,267
down €81,267 (-64.7%), from €125,669 to €44,402
mainly Contributions, distributions and other (-€104,815) and Current investments (-€102,796)
- Tangible fixed assets -€31,482
down €31,482 (-6.1%), from €518,453 to €486,971
of which Land and buildings: -€28,238
- Other debts -€14,957
down €14,957 (-6.2%), from €241,094 to €226,137
- Reserves +€14,781
up €14,781 (+3.3%), from €453,859 to €468,640
- Profit (loss) carried forward -€11,931
no longer reported in 2024 (was €11,931)
- Gross operating margin +€20,260
up €20,260 (+11.3%), from €179,035 to €199,295
- Financial income -€7,779
down €7,779 (-91.8%), from €8,478 to €699
- Financial charges -€6,854
down €6,854 (-98.7%), from €6,946 to €91
- Taxes +€6,785
up €6,785 (+14.7%), from €46,037 to €52,822
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.
Cash bridge derived
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 | €731,139 | €726,310 | -€4,829 | -0.7% |
| Fixed assets | 21/28 | €518,453 | €486,971 | -€31,482 | -6.1% |
| Tangible fixed assets | 22/27 | €518,453 | €486,971 | -€31,482 | -6.1% |
| Land and buildings | 22 | €509,639 | €481,401 | -€28,238 | -5.5% |
| Furniture and vehicles | 24 | €8,813 | €5,570 | -€3,244 | -36.8% |
| Current assets | 29/58 | €212,686 | €239,339 | +€26,653 | +12.5% |
| Amounts receivable within one year | 40/41 | €16,493 | €18,745 | +€2,252 | +13.7% |
| Trade receivables | 40 | €16,493 | €18,309 | +€1,816 | +11.0% |
| Other amounts receivable | 41 | - | €436 | +€436 | |
| Current investments | 50/53 | €66,896 | €169,692 | +€102,796 | +153.7% |
| Cash at bank and in hand | 54/58 | €125,669 | €44,402 | -€81,267 | -64.7% |
| Deferred charges and accrued income | 490/1 | €3,628 | €6,501 | +€2,873 | +79.2% |
| Total equity and liabilities | 10/49 | €731,139 | €726,310 | -€4,829 | -0.7% |
| Equity | 10/15 | €484,391 | €487,240 | +€2,850 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €453,859 | €468,640 | +€14,781 | +3.3% |
| Distributable reserves | 133 | €453,859 | €468,640 | +€14,781 | +3.3% |
| Profit (loss) carried forward | 14 | €11,931 | - | -€11,931 | |
| Amounts payable | 17/49 | €246,748 | €239,070 | -€7,678 | -3.1% |
| Amounts payable within one year | 42/48 | €246,748 | €239,070 | -€7,678 | -3.1% |
| Trade debts | 44 | €1,852 | €1,903 | +€51 | +2.8% |
| Suppliers | 440/4 | €1,852 | €1,903 | +€51 | +2.8% |
| Taxes, remuneration and social security | 45 | €3,803 | €11,030 | +€7,228 | +190.1% |
| Taxes | 450/3 | €3,803 | €11,030 | +€7,228 | +190.1% |
| Other amounts payable | 47/48 | €241,094 | €226,137 | -€14,957 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,842 | €38,676 | -€166 | -0.4% |
| Other operating charges | 640/8 | €1,885 | €740 | -€1,145 | -60.8% |
| Gross operating margin | 9900 | €179,035 | €199,295 | +€20,260 | +11.3% |
| Operating profit (loss) | 9901 | €138,308 | €159,879 | +€21,572 | +15.6% |
| Financial income | 75/76B | €8,478 | €699 | -€7,779 | -91.8% |
| Recurring financial income | 75 | €8,478 | €699 | -€7,779 | -91.8% |
| Financial charges | 65/66B | €6,946 | €91 | -€6,854 | -98.7% |
| Recurring financial charges | 65 | €6,946 | €91 | -€6,854 | -98.7% |
| Profit (loss) for the period before taxes | 9903 | €139,840 | €160,487 | +€20,647 | +14.8% |
| Income taxes | 67/77 | €46,037 | €52,822 | +€6,785 | +14.7% |
| Profit (loss) for the period | 9904 | €93,802 | €107,664 | +€13,862 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,802 | €107,664 | +€13,862 | +14.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.