Kozto: 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.
Kozto
Largest movements
- Receivables within one year +€160,380
up €160,380 (+235%), from €68,175 to €228,554
of which Other amounts receivable: +€139,676
- Receivables after one year -€116,819
down €116,819 (-100%), from €116,819 to €0
- Tangible fixed assets -€112,006
down €112,006 (-76.2%), from €146,987 to €34,981
of which Furniture and vehicles: -€73,362
- Deferred charges and accrued income -€26,538
down €26,538 (-95.6%), from €27,763 to €1,225
- Financial fixed assets -€4,260
down €4,260 (-92.6%), from €4,600 to €340
- Trade debts -€64,532
down €64,532 (-62.5%), from €103,268 to €38,736
- Other debts -€51,283
down €51,283 (-94.8%), from €54,083 to €2,800
- Profit (loss) carried forward +€25,704
up €25,704 (+16.1%), from -€159,925 to -€134,221
- Current portion of long-term debt -€17,552
down €17,552 (-77.3%), from €22,716 to €5,164
- Tax, wage and social debts +€12,578
up €12,578 (+1,622%), from €775 to €13,353
- Depreciation -€55,157
down €55,157 (-78.3%), from €70,418 to €15,261
- Gross operating margin +€33,137
up €33,137 (+83.9%), from €39,476 to €72,613
- Other operating charges +€20,832
up €20,832 (+397%), from €5,242 to €26,074
- Financial charges +€3,931
up €3,931 (+50.2%), from €7,829 to €11,760
- Financial income +€1,772
up €1,772 (+40.2%), from €4,414 to €6,186
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €364,343 | €265,100 | -€99,243 | -27.2% |
| Fixed assets | 21/28 | €151,587 | €35,321 | -€116,266 | -76.7% |
| Tangible fixed assets | 22/27 | €146,987 | €34,981 | -€112,006 | -76.2% |
| Plant, machinery and equipment | 23 | €43,367 | €4,723 | -€38,644 | -89.1% |
| Furniture and vehicles | 24 | €103,620 | €30,258 | -€73,362 | -70.8% |
| Financial fixed assets | 28 | €4,600 | €340 | -€4,260 | -92.6% |
| Current assets | 29/58 | €212,756 | €229,779 | +€17,023 | +8.0% |
| Amounts receivable after more than one year | 29 | €116,819 | €0 | -€116,819 | -100% |
| Other amounts receivable | 291 | €116,819 | €0 | -€116,819 | -100% |
| Amounts receivable within one year | 40/41 | €68,175 | €228,554 | +€160,380 | +235% |
| Trade receivables | 40 | €53,176 | €73,880 | +€20,704 | +38.9% |
| Other amounts receivable | 41 | €14,999 | €154,675 | +€139,676 | +931% |
| Deferred charges and accrued income | 490/1 | €27,763 | €1,225 | -€26,538 | -95.6% |
| Total equity and liabilities | 10/49 | €364,343 | €265,100 | -€99,243 | -27.2% |
| Equity | 10/15 | €45,075 | €70,779 | +€25,704 | +57.0% |
| Contributions | 10/11 | €205,000 | €205,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,925 | -€134,221 | +€25,704 | +16.1% |
| Amounts payable | 17/49 | €319,268 | €194,321 | -€124,947 | -39.1% |
| Amounts payable after more than one year | 17 | €105,997 | €104,333 | -€1,664 | -1.6% |
| Financial debts | 170/4 | €105,997 | €104,333 | -€1,664 | -1.6% |
| Amounts payable within one year | 42/48 | €210,625 | €89,988 | -€120,637 | -57.3% |
| Current portion of amounts payable after more than one year | 42 | €22,716 | €5,164 | -€17,552 | -77.3% |
| Financial debts | 43 | €29,784 | €29,936 | +€152 | +0.5% |
| Credit institutions | 430/8 | €29,784 | €29,936 | +€152 | +0.5% |
| Trade debts | 44 | €103,268 | €38,736 | -€64,532 | -62.5% |
| Suppliers | 440/4 | €103,268 | €38,736 | -€64,532 | -62.5% |
| Taxes, remuneration and social security | 45 | €775 | €13,353 | +€12,578 | +1,622% |
| Taxes | 450/3 | €775 | €13,353 | +€12,578 | +1,622% |
| Other amounts payable | 47/48 | €54,083 | €2,800 | -€51,283 | -94.8% |
| Accrued charges and deferred income | 492/3 | €2,646 | €0 | -€2,646 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,418 | €15,261 | -€55,157 | -78.3% |
| Other operating charges | 640/8 | €5,242 | €26,074 | +€20,832 | +397% |
| Gross operating margin | 9900 | €39,476 | €72,613 | +€33,137 | +83.9% |
| Operating profit (loss) | 9901 | -€36,184 | €31,278 | +€67,461 | |
| Financial income | 75/76B | €4,414 | €6,186 | +€1,772 | +40.2% |
| Recurring financial income | 75 | €4,414 | €6,186 | +€1,772 | +40.2% |
| Financial charges | 65/66B | €7,829 | €11,760 | +€3,931 | +50.2% |
| Recurring financial charges | 65 | €7,829 | €11,760 | +€3,931 | +50.2% |
| Profit (loss) for the period before taxes | 9903 | -€39,599 | €25,704 | +€65,303 | |
| Profit (loss) for the period | 9904 | -€39,599 | €25,704 | +€65,303 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,599 | €25,704 | +€65,303 |
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 17 October 2026 via checked.be.