KOZKO: 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.
KOZKO
Largest movements
- Current investments +€74,000
new in 2025: €74,000
- Cash -€33,487
down €33,487 (-31.5%), from €106,272 to €72,785
mainly Current investments (-€74,000) and Tax, wage and social debts (-€13,984)
- Tangible fixed assets -€6,992
down €6,992 (-29.1%), from €24,062 to €17,070
- Deferred charges and accrued income +€2,066
up €2,066 (+8,420%), from €25 to €2,091
- Profit (loss) carried forward +€49,994
up €49,994 (+46.9%), from €106,622 to €156,616
- Tax, wage and social debts -€13,984
down €13,984 (-62.5%), from €22,369 to €8,385
of which Taxes: -€13,984
- Gross operating margin +€1,794
up €1,794 (+2.6%), from €69,866 to €71,660
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 | €142,187 | €178,372 | +€36,185 | +25.4% |
| Fixed assets | 21/28 | €24,153 | €17,161 | -€6,992 | -28.9% |
| Tangible fixed assets | 22/27 | €24,062 | €17,070 | -€6,992 | -29.1% |
| Furniture and vehicles | 24 | €24,062 | €17,070 | -€6,992 | -29.1% |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €118,035 | €161,211 | +€43,177 | +36.6% |
| Amounts receivable within one year | 40/41 | €11,738 | €12,335 | +€597 | +5.1% |
| Trade receivables | 40 | €11,738 | €10,608 | -€1,130 | -9.6% |
| Other amounts receivable | 41 | - | €1,728 | +€1,728 | |
| Current investments | 50/53 | - | €74,000 | +€74,000 | |
| Cash at bank and in hand | 54/58 | €106,272 | €72,785 | -€33,487 | -31.5% |
| Deferred charges and accrued income | 490/1 | €25 | €2,091 | +€2,066 | +8,420% |
| Total equity and liabilities | 10/49 | €142,187 | €178,372 | +€36,185 | +25.4% |
| Equity | 10/15 | €109,372 | €159,366 | +€49,994 | +45.7% |
| Contributions | 10/11 | €2,750 | €2,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,622 | €156,616 | +€49,994 | +46.9% |
| Amounts payable | 17/49 | €32,815 | €19,006 | -€13,809 | -42.1% |
| Amounts payable within one year | 42/48 | €32,815 | €19,006 | -€13,809 | -42.1% |
| Trade debts | 44 | €1,501 | €1,246 | -€255 | -17.0% |
| Suppliers | 440/4 | €1,501 | €1,246 | -€255 | -17.0% |
| Taxes, remuneration and social security | 45 | €22,369 | €8,385 | -€13,984 | -62.5% |
| Taxes | 450/3 | €22,201 | €8,217 | -€13,984 | -63.0% |
| Remuneration and social security | 454/9 | €168 | €168 | = | 0.0% |
| Other amounts payable | 47/48 | €8,945 | €9,375 | +€430 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,243 | €7,813 | +€571 | +7.9% |
| Other operating charges | 640/8 | €515 | €556 | +€41 | +8.0% |
| Non-recurring operating charges | 66A | - | €78 | +€78 | |
| Gross operating margin | 9900 | €69,866 | €71,660 | +€1,794 | +2.6% |
| Operating profit (loss) | 9901 | €62,109 | €63,212 | +€1,103 | +1.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €118 | -€19 | -€137 | |
| Recurring financial charges | 65 | €118 | -€19 | -€137 | |
| Profit (loss) for the period before taxes | 9903 | €61,991 | €63,231 | +€1,240 | +2.0% |
| Income taxes | 67/77 | €12,998 | €13,237 | +€239 | +1.8% |
| Profit (loss) for the period | 9904 | €48,993 | €49,994 | +€1,001 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,993 | €49,994 | +€1,001 | +2.0% |
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 15 October 2026 via checked.be.