KOT 2020: 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.
KOT 2020
Largest movements
- Receivables within one year -€166,905
down €166,905 (-83.2%), from €200,561 to €33,656
of which Other amounts receivable: -€141,970
- Tangible fixed assets -€95,092
down €95,092 (-3.6%), from €2.6m to €2.5m
of which Land and buildings: -€92,878
- Cash -€47,686
down €47,686 (-60.6%), from €78,648 to €30,961
mainly Trade debts (-€303,419) and Debts after one year (-€231,107)
- Trade debts -€303,419
down €303,419 (-84.3%), from €359,904 to €56,485
- Debts after one year -€231,107
down €231,107 (-13.1%), from €1.8m to €1.5m
- Other debts +€165,166
up €165,166 (+112%), from €146,934 to €312,099
- Profit (loss) carried forward +€86,503
up €86,503 (+87.4%), from €99,003 to €185,507
- Depreciation -€44,725
down €44,725 (-32.0%), from €139,817 to €95,092
- Taxes +€25,490
up €25,490 (+423%), from €6,022 to €31,512
- Financial charges -€22,583
down €22,583 (-37.8%), from €59,804 to €37,221
- Gross operating margin +€19,376
up €19,376 (+7.6%), from €256,026 to €275,402
- Other operating charges -€11,675
down €11,675 (-30.6%), from €38,142 to €26,466
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 | €2,906,550 | €2,598,805 | -€307,746 | -10.6% |
| Fixed assets | 21/28 | €2,617,264 | €2,522,172 | -€95,092 | -3.6% |
| Tangible fixed assets | 22/27 | €2,617,264 | €2,522,172 | -€95,092 | -3.6% |
| Land and buildings | 22 | €2,591,847 | €2,498,969 | -€92,878 | -3.6% |
| Plant, machinery and equipment | 23 | €25,417 | €23,202 | -€2,214 | -8.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €289,286 | €76,633 | -€212,654 | -73.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €200,561 | €33,656 | -€166,905 | -83.2% |
| Trade receivables | 40 | €58,591 | €33,656 | -€24,936 | -42.6% |
| Other amounts receivable | 41 | €141,970 | €0 | -€141,970 | -100% |
| Cash at bank and in hand | 54/58 | €78,648 | €30,961 | -€47,686 | -60.6% |
| Deferred charges and accrued income | 490/1 | €10,078 | €12,016 | +€1,938 | +19.2% |
| Total equity and liabilities | 10/49 | €2,906,550 | €2,598,805 | -€307,746 | -10.6% |
| Equity | 10/15 | €174,003 | €260,507 | +€86,503 | +49.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,003 | €185,507 | +€86,503 | +87.4% |
| Amounts payable | 17/49 | €2,732,547 | €2,338,298 | -€394,249 | -14.4% |
| Amounts payable after more than one year | 17 | €1,762,189 | €1,531,082 | -€231,107 | -13.1% |
| Financial debts | 170/4 | €1,762,189 | €1,531,082 | -€231,107 | -13.1% |
| Amounts payable within one year | 42/48 | €960,410 | €799,731 | -€160,679 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €262,562 | €247,218 | -€15,344 | -5.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €359,904 | €56,485 | -€303,419 | -84.3% |
| Suppliers | 440/4 | €359,904 | €56,485 | -€303,419 | -84.3% |
| Advances received on contracts in progress | 46 | €142,175 | €142,175 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €48,835 | €41,753 | -€7,082 | -14.5% |
| Taxes | 450/3 | €48,835 | €41,753 | -€7,082 | -14.5% |
| Other amounts payable | 47/48 | €146,934 | €312,099 | +€165,166 | +112% |
| Accrued charges and deferred income | 492/3 | €9,949 | €7,485 | -€2,463 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,817 | €95,092 | -€44,725 | -32.0% |
| Other operating charges | 640/8 | €38,142 | €26,466 | -€11,675 | -30.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €256,026 | €275,402 | +€19,376 | +7.6% |
| Operating profit (loss) | 9901 | €78,067 | €153,843 | +€75,777 | +97.1% |
| Financial income | 75/76B | €3,786 | €1,393 | -€2,393 | -63.2% |
| Recurring financial income | 75 | €3,786 | €1,393 | -€2,393 | -63.2% |
| Financial charges | 65/66B | €59,804 | €37,221 | -€22,583 | -37.8% |
| Recurring financial charges | 65 | €59,804 | €37,221 | -€22,583 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €22,049 | €118,015 | +€95,966 | +435% |
| Income taxes | 67/77 | €6,022 | €31,512 | +€25,490 | +423% |
| Profit (loss) for the period | 9904 | €16,027 | €86,503 | +€70,477 | +440% |
| Profit (loss) for the period to be appropriated | 9905 | €16,027 | €86,503 | +€70,477 | +440% |
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 31 October 2026 via checked.be.