KOZO: 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.
KOZO
Largest movements
- Tangible fixed assets -€397,797
no longer reported in 2025 (was €397,797)
of which Land and buildings: -€366,495
- Receivables within one year -€21,453
down €21,453 (-83.9%), from €25,561 to €4,108
of which Trade receivables: -€21,584
- Cash -€16,984
down €16,984 (-63.3%), from €26,816 to €9,832
mainly Debts after one year (-€279,251) and Net result for the year (-€121,742)
- Deferred charges and accrued income +€11,834
up €11,834 (+225%), from €5,250 to €17,084
- Intangible fixed assets -€10,440
down €10,440 (-37.1%), from €28,126 to €17,686
- Debts after one year -€279,251
down €279,251 (-78.7%), from €354,959 to €75,708
- Profit (loss) carried forward -€121,742
down €121,742, from €13,319 to -€108,423
- Current portion of long-term debt -€27,364
no longer reported in 2025 (was €27,364)
- Trade debts -€17,517
down €17,517 (-99.0%), from €17,691 to €174
- Other debts +€17,500
up €17,500 (+700%), from €2,500 to €20,000
- Gross operating margin -€125,627
down €125,627, from €73,356 to -€52,270
- Depreciation -€50,138
down €50,138 (-82.0%), from €61,168 to €11,031
- Financial income +€36,157
up €36,157 (+363,024%), from €10 to €36,167
of which Non-recurring financial income: +€36,132
- Financial charges -€2,219
down €2,219 (-16.8%), from €13,171 to €10,952
- Other operating charges +€904
up €904 (+198%), from €458 to €1,362
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 | €484,301 | €49,459 | -€434,841 | -89.8% |
| Fixed assets | 21/28 | €426,674 | €18,436 | -€408,238 | -95.7% |
| Intangible fixed assets | 21 | €28,126 | €17,686 | -€10,440 | -37.1% |
| Tangible fixed assets | 22/27 | €397,797 | - | -€397,797 | |
| Land and buildings | 22 | €366,495 | - | -€366,495 | |
| Plant, machinery and equipment | 23 | €5,145 | - | -€5,145 | |
| Furniture and vehicles | 24 | €26,157 | - | -€26,157 | |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €57,627 | €31,023 | -€26,604 | -46.2% |
| Amounts receivable within one year | 40/41 | €25,561 | €4,108 | -€21,453 | -83.9% |
| Trade receivables | 40 | €25,411 | €3,827 | -€21,584 | -84.9% |
| Other amounts receivable | 41 | €150 | €281 | +€131 | +87.6% |
| Cash at bank and in hand | 54/58 | €26,816 | €9,832 | -€16,984 | -63.3% |
| Deferred charges and accrued income | 490/1 | €5,250 | €17,084 | +€11,834 | +225% |
| Total equity and liabilities | 10/49 | €484,301 | €49,459 | -€434,841 | -89.8% |
| Equity | 10/15 | €75,319 | -€46,423 | -€121,742 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,319 | -€108,423 | -€121,742 | |
| Amounts payable | 17/49 | €408,982 | €95,883 | -€313,099 | -76.6% |
| Amounts payable after more than one year | 17 | €354,959 | €75,708 | -€279,251 | -78.7% |
| Financial debts | 170/4 | €354,959 | €75,708 | -€279,251 | -78.7% |
| Amounts payable within one year | 42/48 | €54,023 | €20,174 | -€33,849 | -62.7% |
| Current portion of amounts payable after more than one year | 42 | €27,364 | - | -€27,364 | |
| Trade debts | 44 | €17,691 | €174 | -€17,517 | -99.0% |
| Suppliers | 440/4 | €17,691 | €174 | -€17,517 | -99.0% |
| Taxes, remuneration and social security | 45 | €6,468 | - | -€6,468 | |
| Taxes | 450/3 | €6,468 | - | -€6,468 | |
| Other amounts payable | 47/48 | €2,500 | €20,000 | +€17,500 | +700% |
| Non-recurring operating income | 76A | €2,714 | €12,170 | +€9,456 | +348% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,168 | €11,031 | -€50,138 | -82.0% |
| Other operating charges | 640/8 | €458 | €1,362 | +€904 | +198% |
| Non-recurring operating charges | 66A | - | €82,294 | +€82,294 | |
| Gross operating margin | 9900 | €73,356 | -€52,270 | -€125,627 | |
| Operating profit (loss) | 9901 | €11,730 | -€146,958 | -€158,688 | |
| Financial income | 75/76B | €10 | €36,167 | +€36,157 | +363,024% |
| Recurring financial income | 75 | €10 | €35 | +€25 | +256% |
| Non-recurring financial income | 76B | - | €36,132 | +€36,132 | |
| Financial charges | 65/66B | €13,171 | €10,952 | -€2,219 | -16.8% |
| Recurring financial charges | 65 | €13,171 | €10,952 | -€2,219 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,430 | -€121,742 | -€120,311 | -8,411% |
| Profit (loss) for the period | 9904 | -€1,430 | -€121,742 | -€120,311 | -8,411% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,430 | -€121,742 | -€120,311 | -8,411% |
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.