KOTO: 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.
KOTO
Largest movements
- Cash +€10,238
up €10,238 (+76.2%), from €13,428 to €23,666
mainly Net result for the year (+€10,948) and Receivables within one year (+€6,801)
- Receivables within one year -€6,801
down €6,801 (-15.6%), from €43,708 to €36,907
- Tangible fixed assets -€2,463
down €2,463 (-15.8%), from €15,571 to €13,108
of which Assets under construction and advance payments: -€7,726
- Profit (loss) carried forward +€10,948
new in 2025: €10,948
- Tax, wage and social debts -€9,529
no longer reported in 2025 (was €9,529)
- Trade debts -€758
down €758 (-25.5%), from €2,968 to €2,211
- Gross operating margin -€2,228
down €2,228 (-9.4%), from €23,824 to €21,595
- Depreciation +€1,867
up €1,867 (+62.8%), from €2,974 to €4,841
- Financial income -€843
no longer reported in 2025 (was €843)
- Taxes -€617
down €617 (-14.3%), from €4,305 to €3,688
- Financial charges -€348
down €348 (-17.9%), from €1,943 to €1,595
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 | €73,396 | €74,057 | +€661 | +0.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €15,571 | €13,108 | -€2,463 | -15.8% |
| Tangible fixed assets | 22/27 | €15,571 | €13,108 | -€2,463 | -15.8% |
| Furniture and vehicles | 24 | €7,845 | €6,155 | -€1,690 | -21.5% |
| Other tangible fixed assets | 26 | - | €6,953 | +€6,953 | |
| Assets under construction and advance payments | 27 | €7,726 | - | -€7,726 | |
| Current assets | 29/58 | €57,825 | €60,949 | +€3,124 | +5.4% |
| Amounts receivable within one year | 40/41 | €43,708 | €36,907 | -€6,801 | -15.6% |
| Other amounts receivable | 41 | €43,708 | €36,907 | -€6,801 | -15.6% |
| Cash at bank and in hand | 54/58 | €13,428 | €23,666 | +€10,238 | +76.2% |
| Deferred charges and accrued income | 490/1 | €689 | €376 | -€314 | -45.5% |
| Total equity and liabilities | 10/49 | €73,396 | €74,057 | +€661 | +0.9% |
| Equity | 10/15 | €60,899 | €71,846 | +€10,948 | +18.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €57,899 | €57,899 | = | 0.0% |
| Distributable reserves | 133 | €57,899 | €57,899 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €10,948 | +€10,948 | |
| Amounts payable | 17/49 | €12,497 | €2,211 | -€10,287 | -82.3% |
| Amounts payable within one year | 42/48 | €12,497 | €2,211 | -€10,287 | -82.3% |
| Trade debts | 44 | €2,968 | €2,211 | -€758 | -25.5% |
| Suppliers | 440/4 | €2,968 | €2,211 | -€758 | -25.5% |
| Taxes, remuneration and social security | 45 | €9,529 | - | -€9,529 | |
| Taxes | 450/3 | €9,529 | - | -€9,529 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,974 | €4,841 | +€1,867 | +62.8% |
| Other operating charges | 640/8 | €387 | €524 | +€136 | +35.2% |
| Gross operating margin | 9900 | €23,824 | €21,595 | -€2,228 | -9.4% |
| Operating profit (loss) | 9901 | €20,462 | €16,231 | -€4,232 | -20.7% |
| Financial income | 75/76B | €843 | - | -€843 | |
| Recurring financial income | 75 | €843 | - | -€843 | |
| Financial charges | 65/66B | €1,943 | €1,595 | -€348 | -17.9% |
| Recurring financial charges | 65 | €1,943 | €1,595 | -€348 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €19,362 | €14,636 | -€4,726 | -24.4% |
| Income taxes | 67/77 | €4,305 | €3,688 | -€617 | -14.3% |
| Profit (loss) for the period | 9904 | €15,057 | €10,948 | -€4,110 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,057 | €10,948 | -€4,110 | -27.3% |
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.