KOT & KOLOK: 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 & KOLOK
Largest movements
- Tangible fixed assets +€822,431
up €822,431 (+13.2%), from €6.3m to €7.1m
of which Land and buildings: +€862,741
- Debts after one year +€711,786
up €711,786 (+17.8%), from €4.0m to €4.7m
of which Financial debts: +€711,786
- Profit (loss) carried forward -€158,287
down €158,287 (-13.9%), from -€1.1m to -€1.3m
- Other debts +€126,395
up €126,395 (+37.6%), from €335,940 to €462,335
- Revaluation surpluses -€74,767
down €74,767 (-3.7%), from €2.0m to €1.9m
- Reserves +€74,767
up €74,767 (+8.6%), from €865,402 to €940,169
of which Distributable reserves: +€74,767
- Depreciation +€45,776
up €45,776 (+13.4%), from €341,653 to €387,429
- Financial charges +€15,924
up €15,924 (+17.3%), from €92,171 to €108,095
- Gross operating margin -€10,414
down €10,414 (-2.8%), from €369,355 to €358,941
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 | €6,372,302 | €7,138,397 | +€766,095 | +12.0% |
| Fixed assets | 21/28 | €6,251,668 | €7,074,099 | +€822,431 | +13.2% |
| Tangible fixed assets | 22/27 | €6,251,668 | €7,074,099 | +€822,431 | +13.2% |
| Land and buildings | 22 | €5,393,430 | €6,256,171 | +€862,741 | +16.0% |
| Plant, machinery and equipment | 23 | €840,525 | €809,159 | -€31,365 | -3.7% |
| Furniture and vehicles | 24 | €17,713 | €8,769 | -€8,944 | -50.5% |
| Current assets | 29/58 | €120,634 | €64,298 | -€56,336 | -46.7% |
| Amounts receivable within one year | 40/41 | €64,782 | €9,193 | -€55,589 | -85.8% |
| Trade receivables | 40 | €9,782 | €9,193 | -€589 | -6.0% |
| Other amounts receivable | 41 | €55,000 | - | -€55,000 | |
| Cash at bank and in hand | 54/58 | €52,591 | €49,430 | -€3,161 | -6.0% |
| Deferred charges and accrued income | 490/1 | €3,262 | €5,675 | +€2,413 | +74.0% |
| Total equity and liabilities | 10/49 | €6,372,302 | €7,138,397 | +€766,095 | +12.0% |
| Equity | 10/15 | €1,831,940 | €1,673,653 | -€158,287 | -8.6% |
| Contributions | 10/11 | €81,499 | €81,499 | = | 0.0% |
| Revaluation surpluses | 12 | €2,020,764 | €1,945,997 | -€74,767 | -3.7% |
| Reserves | 13 | €865,402 | €940,169 | +€74,767 | +8.6% |
| Tax-exempt reserves | 132 | €643,148 | €643,148 | = | 0.0% |
| Distributable reserves | 133 | €222,254 | €297,021 | +€74,767 | +33.6% |
| Profit (loss) carried forward | 14 | -€1,135,724 | -€1,294,012 | -€158,287 | -13.9% |
| Amounts payable | 17/49 | €4,540,362 | €5,464,745 | +€924,382 | +20.4% |
| Amounts payable after more than one year | 17 | €3,987,757 | €4,699,543 | +€711,786 | +17.8% |
| Financial debts | 170/4 | €2,382,757 | €3,094,543 | +€711,786 | +29.9% |
| Other amounts payable | 178/9 | €1,605,000 | €1,605,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €546,805 | €752,106 | +€205,301 | +37.5% |
| Current portion of amounts payable after more than one year | 42 | €200,232 | €258,064 | +€57,832 | +28.9% |
| Trade debts | 44 | €7,767 | €23,998 | +€16,231 | +209% |
| Suppliers | 440/4 | €7,767 | €23,998 | +€16,231 | +209% |
| Advances received on contracts in progress | 46 | €350 | - | -€350 | |
| Taxes, remuneration and social security | 45 | €2,516 | €7,710 | +€5,194 | +206% |
| Taxes | 450/3 | €2,516 | €7,710 | +€5,194 | +206% |
| Other amounts payable | 47/48 | €335,940 | €462,335 | +€126,395 | +37.6% |
| Accrued charges and deferred income | 492/3 | €5,800 | €13,095 | +€7,295 | +126% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €341,653 | €387,429 | +€45,776 | +13.4% |
| Other operating charges | 640/8 | €22,840 | €21,710 | -€1,131 | -5.0% |
| Non-recurring operating charges | 66A | €64,078 | - | -€64,078 | |
| Gross operating margin | 9900 | €369,355 | €358,941 | -€10,414 | -2.8% |
| Operating profit (loss) | 9901 | -€59,216 | -€50,197 | +€9,019 | +15.2% |
| Financial income | 75/76B | €214 | €5 | -€209 | -97.6% |
| Recurring financial income | 75 | €214 | €5 | -€209 | -97.6% |
| Financial charges | 65/66B | €92,171 | €108,095 | +€15,924 | +17.3% |
| Recurring financial charges | 65 | €92,171 | €108,095 | +€15,924 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | -€151,173 | -€158,287 | -€7,114 | -4.7% |
| Profit (loss) for the period | 9904 | -€151,173 | -€158,287 | -€7,114 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€151,173 | -€158,287 | -€7,114 | -4.7% |
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 21 October 2026 via checked.be.