KOTHOUSE: 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.
KOTHOUSE
Largest movements
- Tangible fixed assets -€68,145
down €68,145 (-13.5%), from €503,270 to €435,125
of which Land and buildings: -€67,845
- Receivables within one year -€46,147
down €46,147 (-8.0%), from €577,134 to €530,986
- Cash +€22,536
up €22,536 (+2826.9%), from €797 to €23,333
mainly Depreciation (+€68,145) and Receivables within one year (+€46,147)
- Profit (loss) carried forward -€97,994
down €97,994 (-14.1%), from -€693,730 to -€791,724
- Financial charges -€26,798
down €26,798 (-32.4%), from €82,592 to €55,794
- Other operating charges +€16,159
up €16,159 (+83.1%), from €19,447 to €35,606
- Financial income -€13,760
down €13,760 (-38.7%), from €35,552 to €21,792
- Depreciation -€6,238
down €6,238 (-8.4%), from €74,384 to €68,145
- Gross operating margin -€5,516
down €5,516 (-12.1%), from €45,610 to €40,094
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.
Cash bridge derived
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 | €1,088,085 | €994,266 | -€93,818 | -8.6% |
| Fixed assets | 21/28 | €504,571 | €436,426 | -€68,145 | -13.5% |
| Tangible fixed assets | 22/27 | €503,270 | €435,125 | -€68,145 | -13.5% |
| Land and buildings | 22 | €502,772 | €434,927 | -€67,845 | -13.5% |
| Furniture and vehicles | 24 | €498 | €198 | -€300 | -60.2% |
| Financial fixed assets | 28 | €1,301 | €1,301 | = | 0.0% |
| Current assets | 29/58 | €583,514 | €557,841 | -€25,673 | -4.4% |
| Amounts receivable after more than one year | 29 | €117 | - | -€117 | |
| Other amounts receivable | 291 | €117 | - | -€117 | |
| Amounts receivable within one year | 40/41 | €577,134 | €530,986 | -€46,147 | -8.0% |
| Other amounts receivable | 41 | €577,134 | €530,986 | -€46,147 | -8.0% |
| Cash at bank and in hand | 54/58 | €797 | €23,333 | +€22,536 | +2826.9% |
| Deferred charges and accrued income | 490/1 | €5,466 | €3,521 | -€1,945 | -35.6% |
| Total equity and liabilities | 10/49 | €1,088,085 | €994,266 | -€93,818 | -8.6% |
| Equity | 10/15 | -€451,681 | -€550,721 | -€99,041 | -21.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Revaluation surpluses | 12 | €217,741 | €217,741 | = | 0.0% |
| Reserves | 13 | €18,103 | €17,057 | -€1,046 | -5.8% |
| Tax-exempt reserves | 132 | €18,103 | €17,057 | -€1,046 | -5.8% |
| Profit (loss) carried forward | 14 | -€693,730 | -€791,724 | -€97,994 | -14.1% |
| Provisions and deferred taxes | 16 | €9,322 | €8,783 | -€539 | -5.8% |
| Deferred taxes | 168 | €9,322 | €8,783 | -€539 | -5.8% |
| Amounts payable | 17/49 | €1,530,444 | €1,536,205 | +€5,761 | +0.4% |
| Amounts payable within one year | 42/48 | €1,522,862 | €1,531,373 | +€8,511 | +0.6% |
| Financial debts | 43 | €1,500,000 | €1,500,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,500,000 | €1,500,000 | = | 0.0% |
| Trade debts | 44 | €460 | €920 | +€460 | +100.1% |
| Suppliers | 440/4 | €460 | €920 | +€460 | +100.1% |
| Taxes, remuneration and social security | 45 | €1,600 | €490 | -€1,110 | -69.4% |
| Taxes | 450/3 | €1,600 | €490 | -€1,110 | -69.4% |
| Other amounts payable | 47/48 | €20,802 | €29,963 | +€9,160 | +44.0% |
| Accrued charges and deferred income | 492/3 | €7,582 | €4,832 | -€2,750 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,384 | €68,145 | -€6,238 | -8.4% |
| Other operating charges | 640/8 | €19,447 | €35,606 | +€16,159 | +83.1% |
| Non-recurring operating charges | 66A | - | €1,430 | +€1,430 | |
| Gross operating margin | 9900 | €45,610 | €40,094 | -€5,516 | -12.1% |
| Operating profit (loss) | 9901 | -€48,220 | -€65,087 | -€16,867 | -35.0% |
| Financial income | 75/76B | €35,552 | €21,792 | -€13,760 | -38.7% |
| Recurring financial income | 75 | €35,552 | €21,792 | -€13,760 | -38.7% |
| Financial charges | 65/66B | €82,592 | €55,794 | -€26,798 | -32.4% |
| Recurring financial charges | 65 | €82,592 | €55,794 | -€26,798 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | -€95,261 | -€99,089 | -€3,829 | -4.0% |
| Transfer from deferred taxes | 780 | €539 | €539 | = | 0.0% |
| Income taxes | 67/77 | €191 | €490 | +€299 | +156.5% |
| Profit (loss) for the period | 9904 | -€94,913 | -€99,041 | -€4,128 | -4.3% |
| Transfer from tax-exempt reserves | 789 | €1,046 | €1,046 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,867 | -€97,994 | -€4,128 | -4.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.