Kotuha: 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.
Kotuha
Largest movements
- Cash -€29,384
down €29,384 (-34.8%), from €84,545 to €55,162
mainly Contributions, distributions and other (-€88,235) and Other debts (-€1,667)
- Receivables within one year -€9,180
down €9,180 (-81.6%), from €11,253 to €2,073
of which Trade receivables: -€8,131
- Tangible fixed assets -€2,246
down €2,246 (-38.2%), from €5,875 to €3,629
- Reserves -€41,414
down €41,414 (-42.8%), from €96,757 to €55,342
- Tax, wage and social debts +€1,704
up €1,704 (+553.0%), from €308 to €2,012
of which Remuneration and social security: +€1,800
- Other debts -€1,667
down €1,667 (-37.3%), from €4,465 to €2,798
- Gross operating margin +€10,295
up €10,295 (+18.8%), from €54,726 to €65,020
- Other operating charges +€2,732
up €2,732 (+320.1%), from €854 to €3,585
- Taxes +€1,793
up €1,793 (+17.0%), from €10,541 to €12,334
- Depreciation -€995
down €995 (-27.6%), from €3,606 to €2,611
- Financial charges -€803
down €803 (-95.2%), from €843 to €40
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 | €102,096 | €61,203 | -€40,892 | -40.1% |
| Fixed assets | 21/28 | €5,875 | €3,629 | -€2,246 | -38.2% |
| Tangible fixed assets | 22/27 | €5,875 | €3,629 | -€2,246 | -38.2% |
| Furniture and vehicles | 24 | €5,875 | €3,629 | -€2,246 | -38.2% |
| Current assets | 29/58 | €96,221 | €57,575 | -€38,647 | -40.2% |
| Amounts receivable within one year | 40/41 | €11,253 | €2,073 | -€9,180 | -81.6% |
| Trade receivables | 40 | €8,385 | €254 | -€8,131 | -97.0% |
| Other amounts receivable | 41 | €2,868 | €1,819 | -€1,049 | -36.6% |
| Cash at bank and in hand | 54/58 | €84,545 | €55,162 | -€29,384 | -34.8% |
| Deferred charges and accrued income | 490/1 | €423 | €340 | -€83 | -19.6% |
| Total equity and liabilities | 10/49 | €102,096 | €61,203 | -€40,892 | -40.1% |
| Equity | 10/15 | €96,857 | €55,442 | -€41,414 | -42.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €96,757 | €55,342 | -€41,414 | -42.8% |
| Distributable reserves | 133 | €96,757 | €55,342 | -€41,414 | -42.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €5,239 | €5,761 | +€522 | +10.0% |
| Amounts payable within one year | 42/48 | €5,239 | €5,761 | +€522 | +10.0% |
| Trade debts | 44 | €466 | €951 | +€485 | +104.0% |
| Suppliers | 440/4 | €466 | €951 | +€485 | +104.0% |
| Taxes, remuneration and social security | 45 | €308 | €2,012 | +€1,704 | +553.0% |
| Taxes | 450/3 | €308 | €212 | -€96 | -31.2% |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €4,465 | €2,798 | -€1,667 | -37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,606 | €2,611 | -€995 | -27.6% |
| Other operating charges | 640/8 | €854 | €3,585 | +€2,732 | +320.1% |
| Gross operating margin | 9900 | €54,726 | €65,020 | +€10,295 | +18.8% |
| Operating profit (loss) | 9901 | €50,267 | €58,824 | +€8,557 | +17.0% |
| Financial income | 75/76B | €223 | €372 | +€149 | +66.7% |
| Recurring financial income | 75 | €223 | €372 | +€149 | +66.7% |
| Financial charges | 65/66B | €843 | €40 | -€803 | -95.2% |
| Recurring financial charges | 65 | €843 | €40 | -€803 | -95.2% |
| Profit (loss) for the period before taxes | 9903 | €49,646 | €59,155 | +€9,509 | +19.2% |
| Income taxes | 67/77 | €10,541 | €12,334 | +€1,793 | +17.0% |
| Profit (loss) for the period | 9904 | €39,105 | €46,821 | +€7,716 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,105 | €46,821 | +€7,716 | +19.7% |
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 10 October 2026 via checked.be.