KOZINO: 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.
KOZINO
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+81.5%), from €1.6m to €2.9m
of which Land and buildings: +€1.3m
- Receivables within one year -€271,261
down €271,261 (-80.6%), from €336,678 to €65,418
of which Trade receivables: -€254,945
- Cash -€48,289
down €48,289 (-38.7%), from €124,647 to €76,358
mainly Investment in fixed assets (net) (-€1.6m) and Contributions, distributions and other (-€25,367)
- Reserves +€668,526
up €668,526 (+167%), from €400,108 to €1.1m
- Tax, wage and social debts +€120,817
up €120,817 (+471%), from €25,633 to €146,451
of which Taxes: +€117,551
- Debts after one year +€98,750
up €98,750 (+6.0%), from €1.6m to €1.7m
- Current portion of long-term debt +€55,000
up €55,000 (+82.5%), from €66,667 to €121,667
- Other debts +€38,918
up €38,918 (+316%), from €12,300 to €51,218
- Gross operating margin +€1.1m
up €1.1m (+379%), from €277,659 to €1.3m
- Taxes +€277,552
up €277,552 (+418%), from €66,427 to €343,979
- Depreciation +€212,105
up €212,105 (+318%), from €66,625 to €278,731
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 | €2,498,013 | €3,477,186 | +€979,174 | +39.2% |
| Fixed assets | 21/28 | €1,679,718 | €2,991,259 | +€1.3m | +78.1% |
| Tangible fixed assets | 22/27 | €1,609,718 | €2,921,259 | +€1.3m | +81.5% |
| Land and buildings | 22 | €1,587,323 | €2,881,111 | +€1.3m | +81.5% |
| Furniture and vehicles | 24 | €22,395 | €40,148 | +€17,754 | +79.3% |
| Financial fixed assets | 28 | €70,000 | €70,000 | = | 0.0% |
| Current assets | 29/58 | €818,295 | €485,927 | -€332,367 | -40.6% |
| Amounts receivable after more than one year | 29 | €355,127 | €340,963 | -€14,164 | -4.0% |
| Trade receivables | 290 | €355,127 | €340,963 | -€14,164 | -4.0% |
| Amounts receivable within one year | 40/41 | €336,678 | €65,418 | -€271,261 | -80.6% |
| Trade receivables | 40 | €278,393 | €23,448 | -€254,945 | -91.6% |
| Other amounts receivable | 41 | €58,286 | €41,970 | -€16,316 | -28.0% |
| Cash at bank and in hand | 54/58 | €124,647 | €76,358 | -€48,289 | -38.7% |
| Deferred charges and accrued income | 490/1 | €1,842 | €3,189 | +€1,347 | +73.1% |
| Total equity and liabilities | 10/49 | €2,498,013 | €3,477,186 | +€979,174 | +39.2% |
| Equity | 10/15 | €700,108 | €1,368,635 | +€668,526 | +95.5% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €400,108 | €1,068,635 | +€668,526 | +167% |
| Distributable reserves | 133 | €400,108 | €1,068,635 | +€668,526 | +167% |
| Amounts payable | 17/49 | €1,797,904 | €2,108,552 | +€310,647 | +17.3% |
| Amounts payable after more than one year | 17 | €1,646,394 | €1,745,143 | +€98,750 | +6.0% |
| Financial debts | 170/4 | €1,646,394 | €1,745,143 | +€98,750 | +6.0% |
| Amounts payable within one year | 42/48 | €113,805 | €325,637 | +€211,831 | +186% |
| Current portion of amounts payable after more than one year | 42 | €66,667 | €121,667 | +€55,000 | +82.5% |
| Trade debts | 44 | €9,206 | €6,301 | -€2,904 | -31.5% |
| Suppliers | 440/4 | €9,206 | €6,301 | -€2,904 | -31.5% |
| Taxes, remuneration and social security | 45 | €25,633 | €146,451 | +€120,817 | +471% |
| Taxes | 450/3 | €25,633 | €143,184 | +€117,551 | +459% |
| Remuneration and social security | 454/9 | - | €3,266 | +€3,266 | |
| Other amounts payable | 47/48 | €12,300 | €51,218 | +€38,918 | +316% |
| Accrued charges and deferred income | 492/3 | €37,705 | €37,772 | +€66 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,625 | €278,731 | +€212,105 | +318% |
| Other operating charges | 640/8 | €4,090 | €8,692 | +€4,602 | +113% |
| Gross operating margin | 9900 | €277,659 | €1,329,676 | +€1.1m | +379% |
| Operating profit (loss) | 9901 | €206,944 | €1,042,254 | +€835,310 | +404% |
| Financial income | 75/76B | €1,434 | €11,581 | +€10,147 | +707% |
| Recurring financial income | 75 | €1,434 | €11,581 | +€10,147 | +707% |
| Financial charges | 65/66B | €10,178 | €15,962 | +€5,784 | +56.8% |
| Recurring financial charges | 65 | €10,178 | €15,962 | +€5,784 | +56.8% |
| Profit (loss) for the period before taxes | 9903 | €198,200 | €1,037,873 | +€839,673 | +424% |
| Income taxes | 67/77 | €66,427 | €343,979 | +€277,552 | +418% |
| Profit (loss) for the period | 9904 | €131,773 | €693,894 | +€562,121 | +427% |
| Profit (loss) for the period to be appropriated | 9905 | €131,773 | €693,894 | +€562,121 | +427% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.