Kotinvest: 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.
Kotinvest
Largest movements
- Tangible fixed assets -€309,039
down €309,039 (-53.0%), from €582,985 to €273,947
- Stocks and contracts +€190,756
up €190,756 (+57543.4%), from €332 to €191,088
- Receivables within one year -€17,442
down €17,442 (-100.0%), from €17,442 to €0
of which Trade receivables: -€17,442
- Short-term financial debts -€220,000
down €220,000 (-100.0%), from €220,000 to €0
- Profit (loss) carried forward +€78,059
up €78,059 (+44.0%), from -€177,535 to -€99,476
- Debts after one year +€24,574
up €24,574 (+7.6%), from €322,005 to €346,578
of which Financial debts: +€24,923
- Trade debts -€14,856
down €14,856 (-62.9%), from €23,624 to €8,768
- Gross operating margin +€99,381
up €99,381 (+1205.2%), from €8,246 to €107,627
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 | €604,402 | €469,030 | -€135,372 | -22.4% |
| Fixed assets | 21/28 | €582,985 | €273,947 | -€309,039 | -53.0% |
| Tangible fixed assets | 22/27 | €582,985 | €273,947 | -€309,039 | -53.0% |
| Land and buildings | 22 | €582,985 | €273,947 | -€309,039 | -53.0% |
| Current assets | 29/58 | €21,416 | €195,083 | +€173,667 | +810.9% |
| Stocks and contracts in progress | 3 | €332 | €191,088 | +€190,756 | +57543.4% |
| Stocks | 30/36 | €332 | €191,088 | +€190,756 | +57543.4% |
| Amounts receivable within one year | 40/41 | €17,442 | €0 | -€17,442 | -100.0% |
| Trade receivables | 40 | €17,442 | €0 | -€17,442 | -100.0% |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €3,643 | €3,995 | +€352 | +9.7% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €604,402 | €469,030 | -€135,372 | -22.4% |
| Equity | 10/15 | -€28,067 | €49,992 | +€78,059 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €137,069 | €137,069 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€177,535 | -€99,476 | +€78,059 | +44.0% |
| Amounts payable | 17/49 | €632,468 | €419,037 | -€213,431 | -33.7% |
| Amounts payable after more than one year | 17 | €322,005 | €346,578 | +€24,574 | +7.6% |
| Financial debts | 170/4 | €320,005 | €344,927 | +€24,923 | +7.8% |
| Other amounts payable | 178/9 | €2,000 | €1,651 | -€349 | -17.5% |
| Amounts payable within one year | 42/48 | €310,464 | €72,459 | -€238,005 | -76.7% |
| Current portion of amounts payable after more than one year | 42 | €12,628 | €9,334 | -€3,295 | -26.1% |
| Financial debts | 43 | €220,000 | €0 | -€220,000 | -100.0% |
| Credit institutions | 430/8 | €220,000 | €0 | -€220,000 | -100.0% |
| Trade debts | 44 | €23,624 | €8,768 | -€14,856 | -62.9% |
| Suppliers | 440/4 | €23,624 | €8,768 | -€14,856 | -62.9% |
| Taxes, remuneration and social security | 45 | €248 | €248 | = | 0.0% |
| Taxes | 450/3 | €248 | €248 | = | 0.0% |
| Other amounts payable | 47/48 | €53,963 | €54,110 | +€146 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,351 | €15,351 | = | 0.0% |
| Other operating charges | 640/8 | €3,114 | €3,067 | -€48 | -1.5% |
| Gross operating margin | 9900 | €8,246 | €107,627 | +€99,381 | +1205.2% |
| Operating profit (loss) | 9901 | -€10,219 | €89,209 | +€99,428 | |
| Financial charges | 65/66B | €10,790 | €11,150 | +€360 | +3.3% |
| Recurring financial charges | 65 | €10,790 | €11,150 | +€360 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,009 | €78,059 | +€99,068 | |
| Profit (loss) for the period | 9904 | -€21,009 | €78,059 | +€99,068 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,009 | €78,059 | +€99,068 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.