KOTKU: 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.
KOTKU
Largest movements
- Receivables within one year +€4,458
up €4,458 (+24.9%), from €17,936 to €22,394
of which Trade receivables: +€9,501
- Cash +€2,505
up €2,505 (+15.3%), from €16,407 to €18,912
mainly Debts after one year (+€13,412) and Depreciation (+€12,711)
- Stocks and contracts +€1,528
up €1,528 (+4.0%), from €38,538 to €40,066
- Trade debts -€24,677
down €24,677 (-49.7%), from €49,668 to €24,991
- Debts after one year +€13,412
new in 2025: €13,412
- Profit (loss) carried forward +€8,480
up €8,480 (+34.9%), from €24,296 to €32,776
- Tax, wage and social debts +€7,700
up €7,700 (+25.7%), from €30,003 to €37,704
of which Remuneration and social security: +€8,020
- Current portion of long-term debt +€4,598
new in 2025: €4,598
- Staff costs +€19,216
up €19,216 (+19.9%), from €96,459 to €115,674
- Gross operating margin +€15,769
up €15,769 (+12.7%), from €124,313 to €140,082
- Other operating charges -€7,552
down €7,552 (-90.3%), from €8,361 to €808
- Depreciation +€4,521
up €4,521 (+55.2%), from €8,191 to €12,711
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 | €108,968 | €118,481 | +€9,513 | +8.7% |
| Fixed assets | 21/28 | €36,087 | €37,109 | +€1,022 | +2.8% |
| Tangible fixed assets | 22/27 | €36,087 | €37,109 | +€1,022 | +2.8% |
| Plant, machinery and equipment | 23 | €29,708 | €21,120 | -€8,588 | -28.9% |
| Furniture and vehicles | 24 | €6,379 | €15,989 | +€9,610 | +151% |
| Current assets | 29/58 | €72,880 | €81,372 | +€8,491 | +11.7% |
| Stocks and contracts in progress | 3 | €38,538 | €40,066 | +€1,528 | +4.0% |
| Stocks | 30/36 | €38,538 | €40,066 | +€1,528 | +4.0% |
| Amounts receivable within one year | 40/41 | €17,936 | €22,394 | +€4,458 | +24.9% |
| Trade receivables | 40 | - | €9,501 | +€9,501 | |
| Other amounts receivable | 41 | €17,936 | €12,893 | -€5,043 | -28.1% |
| Cash at bank and in hand | 54/58 | €16,407 | €18,912 | +€2,505 | +15.3% |
| Total equity and liabilities | 10/49 | €108,968 | €118,481 | +€9,513 | +8.7% |
| Equity | 10/15 | €29,296 | €37,776 | +€8,480 | +28.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,296 | €32,776 | +€8,480 | +34.9% |
| Amounts payable | 17/49 | €79,672 | €80,705 | +€1,033 | +1.3% |
| Amounts payable after more than one year | 17 | - | €13,412 | +€13,412 | |
| Financial debts | 170/4 | - | €13,412 | +€13,412 | |
| Amounts payable within one year | 42/48 | €79,672 | €67,293 | -€12,379 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,598 | +€4,598 | |
| Trade debts | 44 | €49,668 | €24,991 | -€24,677 | -49.7% |
| Suppliers | 440/4 | €49,668 | €24,991 | -€24,677 | -49.7% |
| Taxes, remuneration and social security | 45 | €30,003 | €37,704 | +€7,700 | +25.7% |
| Taxes | 450/3 | €10,540 | €10,219 | -€320 | -3.0% |
| Remuneration and social security | 454/9 | €19,464 | €27,484 | +€8,020 | +41.2% |
| Remuneration, social security and pensions | 62 | €96,459 | €115,674 | +€19,216 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,191 | €12,711 | +€4,521 | +55.2% |
| Other operating charges | 640/8 | €8,361 | €808 | -€7,552 | -90.3% |
| Non-recurring operating charges | 66A | €6,330 | - | -€6,330 | |
| Gross operating margin | 9900 | €124,313 | €140,082 | +€15,769 | +12.7% |
| Operating profit (loss) | 9901 | €4,973 | €10,888 | +€5,915 | +119% |
| Financial income | 75/76B | - | €94 | +€94 | |
| Recurring financial income | 75 | - | €94 | +€94 | |
| Financial charges | 65/66B | €2,527 | €2,502 | -€25 | -1.0% |
| Recurring financial charges | 65 | €2,527 | €2,502 | -€25 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €2,446 | €8,480 | +€6,034 | +247% |
| Profit (loss) for the period | 9904 | €2,446 | €8,480 | +€6,034 | +247% |
| Profit (loss) for the period to be appropriated | 9905 | €2,446 | €8,480 | +€6,034 | +247% |
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 14 October 2026 via checked.be.