KOX: 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.
KOX
Largest movements
- Tangible fixed assets -€27,110
down €27,110 (-5.6%), from €486,363 to €459,253
of which Land and buildings: -€16,107
- Cash -€20,150
down €20,150 (-4.4%), from €461,977 to €441,827
mainly Contributions, distributions and other (-€68,960) and Net result for the year (-€47,752)
- Other debts +€73,195
up €73,195 (+2153.0%), from €3,400 to €76,595
- Reserves -€68,960
down €68,960 (-21.0%), from €328,582 to €259,622
- Profit (loss) carried forward -€47,752
down €47,752 (-6.3%), from €754,241 to €706,489
- Gross operating margin -€45,038
down €45,038, from €31,673 to -€13,365
- Financial income +€4,051
up €4,051 (+73.4%), from €5,515 to €9,566
of which Financial income: +€2,760
- Financial charges +€662
up €662 (+265.3%), from €249 to €911
- Depreciation +€437
up €437 (+1.1%), from €39,642 to €40,078
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 | €1,103,303 | €1,057,046 | -€46,258 | -4.2% |
| Fixed assets | 21/28 | €486,363 | €459,253 | -€27,110 | -5.6% |
| Tangible fixed assets | 22/27 | €486,363 | €459,253 | -€27,110 | -5.6% |
| Land and buildings | 22 | €413,404 | €397,298 | -€16,107 | -3.9% |
| Furniture and vehicles | 24 | €2,475 | €1,253 | -€1,222 | -49.4% |
| Other tangible fixed assets | 26 | €70,484 | €60,702 | -€9,782 | -13.9% |
| Current assets | 29/58 | €616,941 | €597,793 | -€19,148 | -3.1% |
| Amounts receivable within one year | 40/41 | €5,086 | €5,616 | +€530 | +10.4% |
| Other amounts receivable | 41 | €5,086 | €5,616 | +€530 | +10.4% |
| Current investments | 50/53 | €149,878 | €150,349 | +€472 | +0.3% |
| Cash at bank and in hand | 54/58 | €461,977 | €441,827 | -€20,150 | -4.4% |
| Total equity and liabilities | 10/49 | €1,103,303 | €1,057,046 | -€46,258 | -4.2% |
| Equity | 10/15 | €1,097,084 | €980,371 | -€116,712 | -10.6% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €328,582 | €259,622 | -€68,960 | -21.0% |
| Distributable reserves | 133 | €328,582 | €259,622 | -€68,960 | -21.0% |
| Profit (loss) carried forward | 14 | €754,241 | €706,489 | -€47,752 | -6.3% |
| Amounts payable | 17/49 | €6,220 | €76,674 | +€70,454 | +1132.7% |
| Amounts payable within one year | 42/48 | €6,220 | €76,674 | +€70,454 | +1132.7% |
| Trade debts | 44 | €2,788 | - | -€2,788 | |
| Suppliers | 440/4 | €2,788 | - | -€2,788 | |
| Taxes, remuneration and social security | 45 | €33 | €80 | +€47 | +143.5% |
| Taxes | 450/3 | €33 | €80 | +€47 | +143.5% |
| Other amounts payable | 47/48 | €3,400 | €76,595 | +€73,195 | +2153.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,642 | €40,078 | +€437 | +1.1% |
| Other operating charges | 640/8 | €2,964 | €2,799 | -€165 | -5.6% |
| Gross operating margin | 9900 | €31,673 | -€13,365 | -€45,038 | |
| Operating profit (loss) | 9901 | -€10,933 | -€56,242 | -€45,309 | -414.4% |
| Financial income | 75/76B | €5,515 | €9,566 | +€4,051 | +73.4% |
| Recurring financial income | 75 | €5,515 | €8,275 | +€2,760 | +50.0% |
| Non-recurring financial income | 76B | - | €1,291 | +€1,291 | |
| Financial charges | 65/66B | €249 | €911 | +€662 | +265.3% |
| Recurring financial charges | 65 | €249 | €911 | +€662 | +265.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,667 | -€47,587 | -€41,920 | -739.8% |
| Income taxes | 67/77 | €160 | €165 | +€5 | +3.1% |
| Profit (loss) for the period | 9904 | -€5,827 | -€47,752 | -€41,925 | -719.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,827 | -€47,752 | -€41,925 | -719.5% |
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 8 October 2026 via checked.be.