KOTEBA: 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.
KOTEBA
Largest movements
- Receivables within one year -€11,173
down €11,173 (-97.6%), from €11,450 to €277
- Tangible fixed assets -€1,256
down €1,256 (-36.6%), from €3,431 to €2,175
of which Furniture and vehicles: -€940
- Stocks and contracts +€459
up €459 (+31.5%), from €1,456 to €1,914
- Profit (loss) carried forward -€11,849
down €11,849 (-94.4%), from -€12,557 to -€24,405
- Short-term financial debts +€8,615
new in 2025: €8,615
- Other debts -€7,237
down €7,237 (-90.2%), from €8,025 to €788
- Tax, wage and social debts -€854
no longer reported in 2025 (was €854)
- Trade debts -€681
down €681 (-24.9%), from €2,733 to €2,052
- Gross operating margin -€693
down €693 (-26.7%), from -€2,593 to -€3,285
- Financial income -€320
down €320 (-98.2%), from €326 to €6
- Financial charges +€224
up €224 (+7.3%), from €3,047 to €3,271
- Depreciation -€207
down €207 (-14.2%), from €1,464 to €1,256
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,507 | €7,501 | -€12,005 | -61.5% |
| Fixed assets | 21/28 | €5,735 | €4,479 | -€1,256 | -21.9% |
| Tangible fixed assets | 22/27 | €3,431 | €2,175 | -€1,256 | -36.6% |
| Plant, machinery and equipment | 23 | €770 | €454 | -€316 | -41.1% |
| Furniture and vehicles | 24 | €2,661 | €1,721 | -€940 | -35.3% |
| Financial fixed assets | 28 | €2,305 | €2,305 | = | 0.0% |
| Current assets | 29/58 | €13,771 | €3,022 | -€10,749 | -78.1% |
| Stocks and contracts in progress | 3 | €1,456 | €1,914 | +€459 | +31.5% |
| Stocks | 30/36 | €1,456 | €1,914 | +€459 | +31.5% |
| Amounts receivable within one year | 40/41 | €11,450 | €277 | -€11,173 | -97.6% |
| Other amounts receivable | 41 | €11,450 | €277 | -€11,173 | -97.6% |
| Deferred charges and accrued income | 490/1 | €865 | €831 | -€35 | -4.0% |
| Total equity and liabilities | 10/49 | €19,507 | €7,501 | -€12,005 | -61.5% |
| Equity | 10/15 | €7,895 | -€3,954 | -€11,849 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,557 | -€24,405 | -€11,849 | -94.4% |
| Amounts payable | 17/49 | €11,612 | €11,455 | -€157 | -1.3% |
| Amounts payable within one year | 42/48 | €11,612 | €11,455 | -€157 | -1.3% |
| Financial debts | 43 | - | €8,615 | +€8,615 | |
| Credit institutions | 430/8 | - | €8,615 | +€8,615 | |
| Trade debts | 44 | €2,733 | €2,052 | -€681 | -24.9% |
| Suppliers | 440/4 | €2,733 | €2,052 | -€681 | -24.9% |
| Taxes, remuneration and social security | 45 | €854 | - | -€854 | |
| Taxes | 450/3 | €854 | - | -€854 | |
| Other amounts payable | 47/48 | €8,025 | €788 | -€7,237 | -90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,464 | €1,256 | -€207 | -14.2% |
| Other operating charges | 640/8 | €441 | €454 | +€12 | +2.8% |
| Non-recurring operating charges | 66A | €3,260 | €3,588 | +€329 | +10.1% |
| Gross operating margin | 9900 | -€2,593 | -€3,285 | -€693 | -26.7% |
| Operating profit (loss) | 9901 | -€7,757 | -€8,584 | -€827 | -10.7% |
| Financial income | 75/76B | €326 | €6 | -€320 | -98.2% |
| Recurring financial income | 75 | €326 | €6 | -€320 | -98.2% |
| Financial charges | 65/66B | €3,047 | €3,271 | +€224 | +7.3% |
| Recurring financial charges | 65 | €3,047 | €3,271 | +€224 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,478 | -€11,849 | -€1,370 | -13.1% |
| Profit (loss) for the period | 9904 | -€10,478 | -€11,849 | -€1,370 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,478 | -€11,849 | -€1,370 | -13.1% |
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 13 October 2026 via checked.be.