Kòzo: 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.
Kòzo
Largest movements
- Receivables within one year -€59,823
down €59,823 (-23.6%), from €253,325 to €193,502
of which Trade receivables: -€57,972
- Tangible fixed assets -€15,270
down €15,270 (-50.1%), from €30,466 to €15,195
of which Furniture and vehicles: -€13,931
- Advances received -€57,682
down €57,682 (-81.8%), from €70,558 to €12,876
- Trade debts -€46,070
down €46,070 (-25.5%), from €180,971 to €134,901
- Tax, wage and social debts +€20,592
up €20,592 (+179%), from €11,514 to €32,106
of which Taxes: +€16,175
- Other debts +€20,537
up €20,537 (+162%), from €12,652 to €33,189
- Debts after one year -€9,308
down €9,308 (-67.8%), from €13,732 to €4,424
- Staff costs +€46,170
up €46,170 (+56.5%), from €81,730 to €127,900
- Gross operating margin +€28,674
up €28,674 (+22.8%), from €126,015 to €154,689
- Other operating charges +€4,393
up €4,393 (+38.2%), from €11,506 to €15,900
- Taxes -€2,613
down €2,613 (-95.2%), from €2,745 to €132
- Depreciation +€1,639
up €1,639 (+11.8%), from €13,901 to €15,540
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 | €317,111 | €238,898 | -€78,213 | -24.7% |
| Fixed assets | 21/28 | €37,126 | €21,586 | -€15,540 | -41.9% |
| Intangible fixed assets | 21 | €693 | €423 | -€270 | -39.0% |
| Tangible fixed assets | 22/27 | €30,466 | €15,195 | -€15,270 | -50.1% |
| Plant, machinery and equipment | 23 | €2,232 | €893 | -€1,339 | -60.0% |
| Furniture and vehicles | 24 | €28,234 | €14,303 | -€13,931 | -49.3% |
| Financial fixed assets | 28 | €5,968 | €5,968 | = | 0.0% |
| Current assets | 29/58 | €279,985 | €217,312 | -€62,673 | -22.4% |
| Amounts receivable within one year | 40/41 | €253,325 | €193,502 | -€59,823 | -23.6% |
| Trade receivables | 40 | €247,307 | €189,335 | -€57,972 | -23.4% |
| Other amounts receivable | 41 | €6,018 | €4,167 | -€1,851 | -30.8% |
| Cash at bank and in hand | 54/58 | €24,760 | €22,282 | -€2,478 | -10.0% |
| Deferred charges and accrued income | 490/1 | €1,900 | €1,528 | -€372 | -19.6% |
| Total equity and liabilities | 10/49 | €317,111 | €238,898 | -€78,213 | -24.7% |
| Equity | 10/15 | €18,629 | €12,094 | -€6,535 | -35.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,890 | €14,890 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,101 | €1,101 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,101 | €1,101 | = | 0.0% |
| Distributable reserves | 133 | €13,789 | €13,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,461 | -€8,996 | -€6,535 | -266% |
| Amounts payable | 17/49 | €298,482 | €226,804 | -€71,678 | -24.0% |
| Amounts payable after more than one year | 17 | €13,732 | €4,424 | -€9,308 | -67.8% |
| Financial debts | 170/4 | €13,732 | €4,424 | -€9,308 | -67.8% |
| Amounts payable within one year | 42/48 | €284,750 | €222,380 | -€62,370 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €9,055 | €9,308 | +€253 | +2.8% |
| Trade debts | 44 | €180,971 | €134,901 | -€46,070 | -25.5% |
| Suppliers | 440/4 | €180,971 | €134,901 | -€46,070 | -25.5% |
| Advances received on contracts in progress | 46 | €70,558 | €12,876 | -€57,682 | -81.8% |
| Taxes, remuneration and social security | 45 | €11,514 | €32,106 | +€20,592 | +179% |
| Taxes | 450/3 | €3,254 | €19,429 | +€16,175 | +497% |
| Remuneration and social security | 454/9 | €8,260 | €12,677 | +€4,417 | +53.5% |
| Other amounts payable | 47/48 | €12,652 | €33,189 | +€20,537 | +162% |
| Remuneration, social security and pensions | 62 | €81,730 | €127,900 | +€46,170 | +56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,901 | €15,540 | +€1,639 | +11.8% |
| Other operating charges | 640/8 | €11,506 | €15,900 | +€4,393 | +38.2% |
| Gross operating margin | 9900 | €126,015 | €154,689 | +€28,674 | +22.8% |
| Operating profit (loss) | 9901 | €18,877 | -€4,651 | -€23,529 | |
| Financial income | 75/76B | €189 | €140 | -€50 | -26.3% |
| Recurring financial income | 75 | €189 | €140 | -€50 | -26.3% |
| Financial charges | 65/66B | €1,262 | €1,891 | +€629 | +49.8% |
| Recurring financial charges | 65 | €1,262 | €1,891 | +€629 | +49.8% |
| Profit (loss) for the period before taxes | 9903 | €17,805 | -€6,403 | -€24,207 | |
| Income taxes | 67/77 | €2,745 | €132 | -€2,613 | -95.2% |
| Profit (loss) for the period | 9904 | €15,060 | -€6,535 | -€21,594 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,060 | -€6,535 | -€21,594 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.