Marché Kosova: 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.
Marché Kosova
Largest movements
- Receivables within one year +€131,883
up €131,883 (+876%), from €15,060 to €146,943
of which Trade receivables: +€131,883
- Cash -€37,188
down €37,188 (-37.3%), from €99,677 to €62,489
mainly Receivables within one year (-€131,883) and Debts after one year (-€50,260)
- Stocks and contracts -€26,382
down €26,382 (-24.0%), from €109,939 to €83,557
- Tangible fixed assets -€18,353
down €18,353 (-22.0%), from €83,251 to €64,897
of which Furniture and vehicles: -€16,943
- Intangible fixed assets -€6,400
down €6,400 (-21.7%), from €29,433 to €23,033
- Debts after one year -€50,260
down €50,260 (-70.7%), from €71,081 to €20,822
- Reserves +€34,865
up €34,865 (+27.1%), from €128,828 to €163,693
- Other debts +€31,678
up €31,678 (+155%), from €20,407 to €52,085
- Tax, wage and social debts +€23,666
up €23,666 (+45.7%), from €51,746 to €75,412
of which Taxes: +€18,658
- Advances received -€13,832
down €13,832 (-100%), from €13,832 to €0
- Gross operating margin +€48,006
up €48,006 (+16.0%), from €299,735 to €347,741
- Staff costs +€18,064
up €18,064 (+7.6%), from €237,718 to €255,782
- Taxes +€10,133
up €10,133 (+229%), from €4,423 to €14,556
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 | €345,884 | €386,188 | +€40,304 | +11.7% |
| Fixed assets | 21/28 | €117,952 | €93,199 | -€24,753 | -21.0% |
| Intangible fixed assets | 21 | €29,433 | €23,033 | -€6,400 | -21.7% |
| Tangible fixed assets | 22/27 | €83,251 | €64,897 | -€18,353 | -22.0% |
| Plant, machinery and equipment | 23 | €4,519 | €3,109 | -€1,410 | -31.2% |
| Furniture and vehicles | 24 | €78,731 | €61,788 | -€16,943 | -21.5% |
| Financial fixed assets | 28 | €5,268 | €5,268 | = | 0.0% |
| Current assets | 29/58 | €227,932 | €292,989 | +€65,058 | +28.5% |
| Stocks and contracts in progress | 3 | €109,939 | €83,557 | -€26,382 | -24.0% |
| Stocks | 30/36 | €109,939 | €83,557 | -€26,382 | -24.0% |
| Amounts receivable within one year | 40/41 | €15,060 | €146,943 | +€131,883 | +876% |
| Trade receivables | 40 | €13,807 | €145,690 | +€131,883 | +955% |
| Other amounts receivable | 41 | €1,253 | €1,253 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €99,677 | €62,489 | -€37,188 | -37.3% |
| Deferred charges and accrued income | 490/1 | €3,255 | €0 | -€3,255 | -100% |
| Total equity and liabilities | 10/49 | €345,884 | €386,188 | +€40,304 | +11.7% |
| Equity | 10/15 | €135,028 | €169,893 | +€34,865 | +25.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €128,828 | €163,693 | +€34,865 | +27.1% |
| Distributable reserves | 133 | €128,828 | €163,693 | +€34,865 | +27.1% |
| Amounts payable | 17/49 | €210,856 | €216,295 | +€5,440 | +2.6% |
| Amounts payable after more than one year | 17 | €71,081 | €20,822 | -€50,260 | -70.7% |
| Financial debts | 170/4 | €71,081 | €20,822 | -€50,260 | -70.7% |
| Amounts payable within one year | 42/48 | €139,774 | €195,473 | +€55,699 | +39.8% |
| Current portion of amounts payable after more than one year | 42 | €48,805 | €50,260 | +€1,454 | +3.0% |
| Financial debts | 43 | €1 | €0 | -€1 | -100% |
| Credit institutions | 430/8 | €1 | €0 | -€1 | -100% |
| Trade debts | 44 | €4,982 | €17,716 | +€12,734 | +256% |
| Suppliers | 440/4 | €4,982 | €17,716 | +€12,734 | +256% |
| Advances received on contracts in progress | 46 | €13,832 | €0 | -€13,832 | -100% |
| Taxes, remuneration and social security | 45 | €51,746 | €75,412 | +€23,666 | +45.7% |
| Taxes | 450/3 | €22,788 | €41,445 | +€18,658 | +81.9% |
| Remuneration and social security | 454/9 | €28,959 | €33,967 | +€5,008 | +17.3% |
| Other amounts payable | 47/48 | €20,407 | €52,085 | +€31,678 | +155% |
| Remuneration, social security and pensions | 62 | €237,718 | €255,782 | +€18,064 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,618 | €29,803 | -€2,814 | -8.6% |
| Other operating charges | 640/8 | €6,415 | €4,575 | -€1,840 | -28.7% |
| Gross operating margin | 9900 | €299,735 | €347,741 | +€48,006 | +16.0% |
| Operating profit (loss) | 9901 | €22,984 | €57,581 | +€34,597 | +151% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €7,657 | €8,160 | +€502 | +6.6% |
| Recurring financial charges | 65 | €7,657 | €8,160 | +€502 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €15,328 | €49,421 | +€34,092 | +222% |
| Income taxes | 67/77 | €4,423 | €14,556 | +€10,133 | +229% |
| Profit (loss) for the period | 9904 | €10,905 | €34,865 | +€23,960 | +220% |
| Profit (loss) for the period to be appropriated | 9905 | €10,905 | €34,865 | +€23,960 | +220% |
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 25 October 2026 via checked.be.