L KoKo: 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.
L KoKo
Largest movements
- Receivables within one year -€33,490
down €33,490 (-48.6%), from €68,944 to €35,454
of which Trade receivables: -€62,773
- Stocks and contracts +€12,407
up €12,407 (+96.9%), from €12,808 to €25,215
- Deferred charges and accrued income -€2,695
no longer reported in 2025 (was €2,695)
- Trade debts -€45,759
down €45,759 (-84.6%), from €54,097 to €8,338
- Profit (loss) carried forward +€39,182
up €39,182, from -€37,920 to €1,262
- Short-term financial debts -€38,318
down €38,318 (-90.8%), from €42,186 to €3,868
- Debts after one year +€8,996
new in 2025: €8,996
- Current portion of long-term debt +€6,500
new in 2025: €6,500
- Gross operating margin +€58,635
up €58,635, from -€18,110 to €40,525
- Financial income +€1,039
up €1,039 (+1,272%), from €82 to €1,121
- Financial charges +€834
up €834 (+94.6%), from €881 to €1,714
- Depreciation -€465
down €465 (-40.0%), from €1,162 to €697
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 | €85,793 | €61,318 | -€24,474 | -28.5% |
| Fixed assets | 21/28 | €1,347 | €649 | -€697 | -51.8% |
| Tangible fixed assets | 22/27 | €1,347 | €649 | -€697 | -51.8% |
| Furniture and vehicles | 24 | €1,347 | €649 | -€697 | -51.8% |
| Current assets | 29/58 | €84,446 | €60,669 | -€23,777 | -28.2% |
| Stocks and contracts in progress | 3 | €12,808 | €25,215 | +€12,407 | +96.9% |
| Stocks | 30/36 | €12,808 | €25,215 | +€12,407 | +96.9% |
| Amounts receivable within one year | 40/41 | €68,944 | €35,454 | -€33,490 | -48.6% |
| Trade receivables | 40 | €62,773 | - | -€62,773 | |
| Other amounts receivable | 41 | €6,170 | €35,454 | +€29,284 | +475% |
| Deferred charges and accrued income | 490/1 | €2,695 | - | -€2,695 | |
| Total equity and liabilities | 10/49 | €85,793 | €61,318 | -€24,474 | -28.5% |
| Equity | 10/15 | -€19,370 | €19,812 | +€39,182 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,920 | €1,262 | +€39,182 | |
| Amounts payable | 17/49 | €105,163 | €41,507 | -€63,656 | -60.5% |
| Amounts payable after more than one year | 17 | - | €8,996 | +€8,996 | |
| Financial debts | 170/4 | - | €8,996 | +€8,996 | |
| Amounts payable within one year | 42/48 | €105,163 | €32,511 | -€72,652 | -69.1% |
| Current portion of amounts payable after more than one year | 42 | - | €6,500 | +€6,500 | |
| Financial debts | 43 | €42,186 | €3,868 | -€38,318 | -90.8% |
| Credit institutions | 430/8 | €42,186 | €3,868 | -€38,318 | -90.8% |
| Trade debts | 44 | €54,097 | €8,338 | -€45,759 | -84.6% |
| Suppliers | 440/4 | €54,097 | €8,338 | -€45,759 | -84.6% |
| Taxes, remuneration and social security | 45 | €8,880 | €13,806 | +€4,925 | +55.5% |
| Taxes | 450/3 | €8,880 | €13,806 | +€4,925 | +55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,162 | €697 | -€465 | -40.0% |
| Other operating charges | 640/8 | €308 | - | -€308 | |
| Non-recurring operating charges | 66A | €500 | €53 | -€447 | -89.4% |
| Gross operating margin | 9900 | -€18,110 | €40,525 | +€58,635 | |
| Operating profit (loss) | 9901 | -€20,080 | €39,775 | +€59,855 | |
| Financial income | 75/76B | €82 | €1,121 | +€1,039 | +1,272% |
| Recurring financial income | 75 | €82 | €1,121 | +€1,039 | +1,272% |
| Financial charges | 65/66B | €881 | €1,714 | +€834 | +94.6% |
| Recurring financial charges | 65 | €881 | €1,714 | +€834 | +94.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,879 | €39,182 | +€60,061 | |
| Profit (loss) for the period | 9904 | -€20,879 | €39,182 | +€60,061 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,879 | €39,182 | +€60,061 |
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 26 October 2026 via checked.be.