KOZERA IMMO: 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.
KOZERA IMMO
Largest movements
- Stocks and contracts +€161,702
new in 2025: €161,702
- Cash -€118,056
down €118,056 (-90.4%), from €130,551 to €12,495
mainly Stocks and contracts (-€161,702) and Contributions, distributions and other (-€145,894)
- Other debts +€149,986
up €149,986 (+18,006%), from €833 to €150,819
- Profit (loss) carried forward -€118,895
no longer reported in 2025 (was €118,895)
- Trade debts +€14,946
up €14,946 (+225%), from €6,650 to €21,595
- Tax, wage and social debts -€7,300
down €7,300 (-26.0%), from €28,091 to €20,791
of which Taxes: -€7,359
- Gross operating margin -€25,540
down €25,540 (-39.1%), from €65,387 to €39,846
- Taxes -€3,722
down €3,722 (-25.9%), from €14,366 to €10,644
- Financial charges -€1,856
down €1,856 (-95.3%), from €1,948 to €92
- Depreciation +€733
up €733 (+83.4%), from €880 to €1,613
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 | €157,469 | €196,206 | +€38,736 | +24.6% |
| Fixed assets | 21/28 | €6,409 | €4,797 | -€1,613 | -25.2% |
| Tangible fixed assets | 22/27 | €6,409 | €4,797 | -€1,613 | -25.2% |
| Plant, machinery and equipment | 23 | €3,676 | €2,449 | -€1,227 | -33.4% |
| Furniture and vehicles | 24 | €914 | €712 | -€201 | -22.0% |
| Other tangible fixed assets | 26 | €1,820 | €1,635 | -€184 | -10.1% |
| Current assets | 29/58 | €151,060 | €191,409 | +€40,349 | +26.7% |
| Stocks and contracts in progress | 3 | - | €161,702 | +€161,702 | |
| Stocks | 30/36 | - | €161,702 | +€161,702 | |
| Amounts receivable within one year | 40/41 | €18,433 | €16,561 | -€1,873 | -10.2% |
| Trade receivables | 40 | €15,643 | €16,561 | +€918 | +5.9% |
| Other amounts receivable | 41 | €2,790 | - | -€2,790 | |
| Cash at bank and in hand | 54/58 | €130,551 | €12,495 | -€118,056 | -90.4% |
| Deferred charges and accrued income | 490/1 | €2,076 | €651 | -€1,425 | -68.6% |
| Total equity and liabilities | 10/49 | €157,469 | €196,206 | +€38,736 | +24.6% |
| Equity | 10/15 | €121,895 | €3,000 | -€118,895 | -97.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,895 | - | -€118,895 | |
| Amounts payable | 17/49 | €35,574 | €193,206 | +€157,631 | +443% |
| Amounts payable within one year | 42/48 | €35,574 | €193,206 | +€157,631 | +443% |
| Trade debts | 44 | €6,650 | €21,595 | +€14,946 | +225% |
| Suppliers | 440/4 | €6,650 | €21,595 | +€14,946 | +225% |
| Taxes, remuneration and social security | 45 | €28,091 | €20,791 | -€7,300 | -26.0% |
| Taxes | 450/3 | €26,091 | €18,732 | -€7,359 | -28.2% |
| Remuneration and social security | 454/9 | €2,000 | €2,059 | +€59 | +3.0% |
| Other amounts payable | 47/48 | €833 | €150,819 | +€149,986 | +18,006% |
| Remuneration, social security and pensions | 62 | - | €80 | +€80 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €880 | €1,613 | +€733 | +83.4% |
| Other operating charges | 640/8 | €208 | €171 | -€37 | -17.9% |
| Non-recurring operating charges | 66A | - | €248 | +€248 | |
| Gross operating margin | 9900 | €65,387 | €39,846 | -€25,540 | -39.1% |
| Operating profit (loss) | 9901 | €64,299 | €37,735 | -€26,565 | -41.3% |
| Financial income | 75/76B | €77 | - | -€77 | |
| Recurring financial income | 75 | €77 | - | -€77 | |
| Financial charges | 65/66B | €1,948 | €92 | -€1,856 | -95.3% |
| Recurring financial charges | 65 | €1,948 | €92 | -€1,856 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | €62,428 | €37,642 | -€24,786 | -39.7% |
| Income taxes | 67/77 | €14,366 | €10,644 | -€3,722 | -25.9% |
| Profit (loss) for the period | 9904 | €48,062 | €26,999 | -€21,064 | -43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,062 | €26,999 | -€21,064 | -43.8% |
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 14 October 2026 via checked.be.