KOWORKS: 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.
KOWORKS
Largest movements
- Receivables within one year +€80,637
up €80,637 (+269.4%), from €29,933 to €110,570
of which Other amounts receivable: +€69,747
- Cash +€60,702
up €60,702 (+2516.7%), from €2,412 to €63,114
mainly Net result for the year (+€146,355) and Investment in fixed assets (net) (+€32,067)
- Financial fixed assets -€32,067
no longer reported in 2025 (was €32,067)
- Receivables after one year -€2,500
down €2,500 (-25.0%), from €10,000 to €7,500
- Reserves +€88,914
up €88,914 (+300.5%), from €29,592 to €118,506
- Profit (loss) carried forward +€57,441
no longer reported in 2025 (was -€57,441)
- Other debts -€48,779
no longer reported in 2025 (was €48,779)
- Tax, wage and social debts +€13,837
up €13,837 (+1548.4%), from €894 to €14,731
- Debts after one year -€6,078
down €6,078 (-36.1%), from €16,830 to €10,752
- Gross operating margin +€181,666
up €181,666, from -€16,212 to €165,454
- Taxes +€11,859
up €11,859 (+6676.2%), from €178 to €12,037
- Financial charges +€1,703
up €1,703 (+41.1%), from €4,148 to €5,851
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 | €76,971 | €182,511 | +€105,540 | +137.1% |
| Fixed assets | 21/28 | €33,643 | €1,327 | -€32,317 | -96.1% |
| Tangible fixed assets | 22/27 | €1,577 | €1,327 | -€250 | -15.9% |
| Other tangible fixed assets | 26 | €1,577 | €1,327 | -€250 | -15.9% |
| Financial fixed assets | 28 | €32,067 | - | -€32,067 | |
| Current assets | 29/58 | €43,327 | €181,184 | +€137,857 | +318.2% |
| Amounts receivable after more than one year | 29 | €10,000 | €7,500 | -€2,500 | -25.0% |
| Other amounts receivable | 291 | €10,000 | €7,500 | -€2,500 | -25.0% |
| Amounts receivable within one year | 40/41 | €29,933 | €110,570 | +€80,637 | +269.4% |
| Trade receivables | 40 | €9,680 | €20,570 | +€10,890 | +112.5% |
| Other amounts receivable | 41 | €20,253 | €90,000 | +€69,747 | +344.4% |
| Cash at bank and in hand | 54/58 | €2,412 | €63,114 | +€60,702 | +2516.7% |
| Deferred charges and accrued income | 490/1 | €982 | - | -€982 | |
| Total equity and liabilities | 10/49 | €76,971 | €182,511 | +€105,540 | +137.1% |
| Equity | 10/15 | -€9,248 | €137,106 | +€146,355 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,592 | €118,506 | +€88,914 | +300.5% |
| Distributable reserves | 133 | €29,592 | €118,506 | +€88,914 | +300.5% |
| Profit (loss) carried forward | 14 | -€57,441 | - | +€57,441 | |
| Amounts payable | 17/49 | €86,219 | €45,405 | -€40,815 | -47.3% |
| Amounts payable after more than one year | 17 | €16,830 | €10,752 | -€6,078 | -36.1% |
| Financial debts | 170/4 | €16,830 | €10,752 | -€6,078 | -36.1% |
| Amounts payable within one year | 42/48 | €69,389 | €34,652 | -€34,737 | -50.1% |
| Current portion of amounts payable after more than one year | 42 | €8,396 | €6,078 | -€2,318 | -27.6% |
| Financial debts | 43 | €1,686 | €516 | -€1,170 | -69.4% |
| Credit institutions | 430/8 | €1,686 | €516 | -€1,170 | -69.4% |
| Trade debts | 44 | €9,634 | €13,328 | +€3,694 | +38.3% |
| Suppliers | 440/4 | €9,634 | €13,328 | +€3,694 | +38.3% |
| Taxes, remuneration and social security | 45 | €894 | €14,731 | +€13,837 | +1548.4% |
| Taxes | 450/3 | €894 | €14,731 | +€13,837 | +1548.4% |
| Other amounts payable | 47/48 | €48,779 | - | -€48,779 | |
| Non-recurring operating income | 76A | - | €129,342 | +€129,342 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | €250 | = | 0.0% |
| Other operating charges | 640/8 | €1,221 | €1,752 | +€531 | +43.5% |
| Gross operating margin | 9900 | -€16,212 | €165,454 | +€181,666 | |
| Operating profit (loss) | 9901 | -€17,683 | €163,452 | +€181,135 | |
| Financial income | 75/76B | €500 | €791 | +€291 | +58.2% |
| Recurring financial income | 75 | €500 | €791 | +€291 | +58.2% |
| Financial charges | 65/66B | €4,148 | €5,851 | +€1,703 | +41.1% |
| Recurring financial charges | 65 | €4,148 | €5,851 | +€1,703 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,331 | €158,391 | +€179,722 | |
| Income taxes | 67/77 | €178 | €12,037 | +€11,859 | +6676.2% |
| Profit (loss) for the period | 9904 | -€21,509 | €146,355 | +€167,863 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,509 | €146,355 | +€167,863 |
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 5 October 2026 via checked.be.