KOTO: 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.
KOTO
Largest movements
- Receivables within one year +€50,725
new in 2025: €50,725
- Stocks and contracts -€14,944
down €14,944 (-19.2%), from €77,695 to €62,751
- Tangible fixed assets -€6,311
down €6,311 (-9.7%), from €65,144 to €58,833
of which Plant, machinery and equipment: -€6,239
- Cash +€3,759
up €3,759 (+30.0%), from €12,517 to €16,277
mainly Trade debts (+€44,233) and Net result for the year (+€24,227)
- Other debts -€53,312
down €53,312 (-50.2%), from €106,234 to €52,921
- Trade debts +€44,233
up €44,233 (+168%), from €26,306 to €70,539
- Profit (loss) carried forward +€40,773
up €40,773 (+339%), from €12,018 to €52,790
- Tax, wage and social debts -€7,324
down €7,324 (-62.7%), from €11,672 to €4,348
of which Remuneration and social security: -€5,436
- Accrued charges and deferred income +€5,028
new in 2025: €5,028
- Gross operating margin +€47,595
up €47,595 (+125%), from €38,191 to €85,785
- Staff costs +€14,224
up €14,224 (+42.5%), from €33,449 to €47,673
- Financial income +€5,548
up €5,548 (+1,759%), from €315 to €5,863
of which Non-recurring financial income: +€5,863
- Other operating charges -€1,566
down €1,566 (-14.6%), from €10,696 to €9,129
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 | €156,229 | €188,886 | +€32,657 | +20.9% |
| Fixed assets | 21/28 | €65,444 | €59,133 | -€6,311 | -9.6% |
| Tangible fixed assets | 22/27 | €65,144 | €58,833 | -€6,311 | -9.7% |
| Plant, machinery and equipment | 23 | €64,976 | €58,737 | -€6,239 | -9.6% |
| Furniture and vehicles | 24 | €169 | €96 | -€73 | -43.1% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €90,785 | €129,753 | +€38,968 | +42.9% |
| Stocks and contracts in progress | 3 | €77,695 | €62,751 | -€14,944 | -19.2% |
| Stocks | 30/36 | €77,695 | €62,751 | -€14,944 | -19.2% |
| Amounts receivable within one year | 40/41 | - | €50,725 | +€50,725 | |
| Trade receivables | 40 | - | €50,725 | +€50,725 | |
| Cash at bank and in hand | 54/58 | €12,517 | €16,277 | +€3,759 | +30.0% |
| Deferred charges and accrued income | 490/1 | €572 | - | -€572 | |
| Total equity and liabilities | 10/49 | €156,229 | €188,886 | +€32,657 | +20.9% |
| Equity | 10/15 | €12,018 | €52,790 | +€40,773 | +339% |
| Profit (loss) carried forward | 14 | €12,018 | €52,790 | +€40,773 | +339% |
| Amounts payable | 17/49 | €144,211 | €136,095 | -€8,116 | -5.6% |
| Amounts payable within one year | 42/48 | €144,211 | €131,067 | -€13,144 | -9.1% |
| Financial debts | 43 | - | €3,259 | +€3,259 | |
| Credit institutions | 430/8 | - | €3,259 | +€3,259 | |
| Trade debts | 44 | €26,306 | €70,539 | +€44,233 | +168% |
| Suppliers | 440/4 | €26,306 | €70,539 | +€44,233 | +168% |
| Taxes, remuneration and social security | 45 | €11,672 | €4,348 | -€7,324 | -62.7% |
| Taxes | 450/3 | €6,236 | €4,348 | -€1,888 | -30.3% |
| Remuneration and social security | 454/9 | €5,436 | - | -€5,436 | |
| Other amounts payable | 47/48 | €106,234 | €52,921 | -€53,312 | -50.2% |
| Accrued charges and deferred income | 492/3 | - | €5,028 | +€5,028 | |
| Remuneration, social security and pensions | 62 | €33,449 | €47,673 | +€14,224 | +42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,915 | €6,311 | -€603 | -8.7% |
| Other operating charges | 640/8 | €10,696 | €9,129 | -€1,566 | -14.6% |
| Gross operating margin | 9900 | €38,191 | €85,785 | +€47,595 | +125% |
| Operating profit (loss) | 9901 | -€12,868 | €22,671 | +€35,540 | |
| Financial income | 75/76B | €315 | €5,863 | +€5,548 | +1,759% |
| Recurring financial income | 75 | €315 | €5,863 | +€5,548 | +1,759% |
| Non-recurring financial income | 76B | - | €5,863 | +€5,863 | |
| Financial charges | 65/66B | €3,946 | €4,075 | +€129 | +3.3% |
| Recurring financial charges | 65 | €3,946 | €4,075 | +€129 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,499 | €24,459 | +€40,958 | |
| Income taxes | 67/77 | - | €233 | +€233 | |
| Profit (loss) for the period | 9904 | -€16,499 | €24,227 | +€40,725 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,499 | €24,227 | +€40,725 |
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.