KOZITAN: 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.
KOZITAN
Largest movements
- Receivables within one year -€66,596
down €66,596 (-40.3%), from €165,276 to €98,681
of which Trade receivables: -€62,709
- Tangible fixed assets -€10,294
down €10,294 (-15.2%), from €67,536 to €57,243
of which Plant, machinery and equipment: -€6,563
- Trade debts -€66,872
down €66,872 (-85.4%), from €78,315 to €11,444
of which Bills of exchange payable: -€49,657
- Tax, wage and social debts -€8,789
down €8,789 (-36.6%), from €24,016 to €15,227
of which Taxes: -€6,783
- Profit (loss) carried forward +€7,706
up €7,706 (+18.7%), from €41,178 to €48,884
- Reserves -€7,193
down €7,193 (-14.4%), from €50,062 to €42,870
of which Tax-exempt reserves: -€7,193
- Accrued charges and deferred income +€2,425
up €2,425 (+608%), from €399 to €2,824
- Gross operating margin +€27,429
up €27,429 (+307%), from €8,946 to €36,375
- Staff costs +€7,279
up €7,279 (+71.9%), from €10,125 to €17,404
- Financial charges +€1,962
up €1,962 (+49.7%), from €3,948 to €5,910
- Other operating charges -€859
down €859 (-16.8%), from €5,127 to €4,267
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 | €233,196 | €156,917 | -€76,280 | -32.7% |
| Fixed assets | 21/28 | €67,536 | €57,243 | -€10,294 | -15.2% |
| Tangible fixed assets | 22/27 | €67,536 | €57,243 | -€10,294 | -15.2% |
| Land and buildings | 22 | €29,408 | €25,790 | -€3,618 | -12.3% |
| Plant, machinery and equipment | 23 | €37,250 | €30,686 | -€6,563 | -17.6% |
| Furniture and vehicles | 24 | €879 | €766 | -€113 | -12.8% |
| Current assets | 29/58 | €165,660 | €99,674 | -€65,986 | -39.8% |
| Amounts receivable within one year | 40/41 | €165,276 | €98,681 | -€66,596 | -40.3% |
| Trade receivables | 40 | €62,862 | €153 | -€62,709 | -99.8% |
| Other amounts receivable | 41 | €102,414 | €98,528 | -€3,886 | -3.8% |
| Cash at bank and in hand | 54/58 | €1 | €1 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €383 | €993 | +€610 | +159% |
| Total equity and liabilities | 10/49 | €233,196 | €156,917 | -€76,280 | -32.7% |
| Equity | 10/15 | €109,840 | €110,354 | +€513 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,062 | €42,870 | -€7,193 | -14.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €48,202 | €41,010 | -€7,193 | -14.9% |
| Profit (loss) carried forward | 14 | €41,178 | €48,884 | +€7,706 | +18.7% |
| Provisions and deferred taxes | 16 | €16,067 | €13,670 | -€2,398 | -14.9% |
| Deferred taxes | 168 | €16,067 | €13,670 | -€2,398 | -14.9% |
| Amounts payable | 17/49 | €107,289 | €32,893 | -€74,396 | -69.3% |
| Amounts payable within one year | 42/48 | €106,890 | €30,069 | -€76,821 | -71.9% |
| Financial debts | 43 | €4,559 | €3,399 | -€1,160 | -25.4% |
| Credit institutions | 430/8 | €4,559 | €3,399 | -€1,160 | -25.4% |
| Trade debts | 44 | €78,315 | €11,444 | -€66,872 | -85.4% |
| Suppliers | 440/4 | €28,658 | €11,444 | -€17,215 | -60.1% |
| Bills of exchange payable | 441 | €49,657 | - | -€49,657 | |
| Taxes, remuneration and social security | 45 | €24,016 | €15,227 | -€8,789 | -36.6% |
| Taxes | 450/3 | €20,494 | €13,711 | -€6,783 | -33.1% |
| Remuneration and social security | 454/9 | €3,522 | €1,516 | -€2,006 | -56.9% |
| Accrued charges and deferred income | 492/3 | €399 | €2,824 | +€2,425 | +608% |
| Remuneration, social security and pensions | 62 | €10,125 | €17,404 | +€7,279 | +71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,357 | €10,294 | -€64 | -0.6% |
| Other operating charges | 640/8 | €5,127 | €4,267 | -€859 | -16.8% |
| Non-recurring operating charges | 66A | €7,091 | €385 | -€6,706 | -94.6% |
| Gross operating margin | 9900 | €8,946 | €36,375 | +€27,429 | +307% |
| Operating profit (loss) | 9901 | -€23,754 | €4,026 | +€27,779 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +1,200% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,200% |
| Financial charges | 65/66B | €3,948 | €5,910 | +€1,962 | +49.7% |
| Recurring financial charges | 65 | €3,948 | €5,910 | +€1,962 | +49.7% |
| Profit (loss) for the period before taxes | 9903 | -€27,702 | -€1,884 | +€25,818 | +93.2% |
| Transfer from deferred taxes | 780 | €2,059 | €2,398 | +€339 | +16.5% |
| Income taxes | 67/77 | €23 | - | -€23 | |
| Profit (loss) for the period | 9904 | -€25,667 | €513 | +€26,180 | |
| Transfer from tax-exempt reserves | 789 | €6,176 | €7,193 | +€1,016 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,490 | €7,706 | +€27,196 |
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 27 October 2026 via checked.be.