NEWKOT: 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.
NEWKOT
Largest movements
- Stocks and contracts -€199,089
down €199,089 (-19.4%), from €1.0m to €828,948
- Cash -€66,574
down €66,574 (-15.0%), from €442,977 to €376,403
mainly Debts after one year (-€250,000) and Receivables within one year (-€37,222)
- Tangible fixed assets -€40,500
down €40,500 (-2.0%), from €2.0m to €2.0m
of which Land and buildings: -€37,470
- Receivables within one year +€37,222
new in 2025: €37,222
of which Trade receivables: +€35,000
- Debts after one year -€250,000
down €250,000 (-26.2%), from €954,300 to €704,300
- Gross operating margin -€80,788
down €80,788 (-55.2%), from €146,245 to €65,457
- Depreciation +€20,911
up €20,911 (+107%), from €19,589 to €40,500
- Taxes -€19,699
down €19,699 (-86.1%), from €22,882 to €3,183
- Financial charges -€5,849
down €5,849 (-36.4%), from €16,081 to €10,232
- Other operating charges +€5,129
up €5,129 (+93.0%), from €5,516 to €10,645
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 | €3,575,792 | €3,307,588 | -€268,204 | -7.5% |
| Fixed assets | 21/28 | €2,031,115 | €1,990,115 | -€41,000 | -2.0% |
| Tangible fixed assets | 22/27 | €2,030,615 | €1,990,115 | -€40,500 | -2.0% |
| Land and buildings | 22 | €2,025,689 | €1,988,219 | -€37,470 | -1.8% |
| Plant, machinery and equipment | 23 | €2,290 | €1,348 | -€942 | -41.1% |
| Furniture and vehicles | 24 | €2,637 | €549 | -€2,088 | -79.2% |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100% |
| Current assets | 29/58 | €1,544,677 | €1,317,473 | -€227,204 | -14.7% |
| Amounts receivable after more than one year | 29 | €65,500 | €65,500 | = | 0.0% |
| Other amounts receivable | 291 | €65,500 | €65,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,028,037 | €828,948 | -€199,089 | -19.4% |
| Stocks | 30/36 | €1,028,037 | €828,948 | -€199,089 | -19.4% |
| Amounts receivable within one year | 40/41 | - | €37,222 | +€37,222 | |
| Trade receivables | 40 | - | €35,000 | +€35,000 | |
| Other amounts receivable | 41 | - | €2,222 | +€2,222 | |
| Cash at bank and in hand | 54/58 | €442,977 | €376,403 | -€66,574 | -15.0% |
| Deferred charges and accrued income | 490/1 | €8,163 | €9,399 | +€1,236 | +15.1% |
| Total equity and liabilities | 10/49 | €3,575,792 | €3,307,588 | -€268,204 | -7.5% |
| Equity | 10/15 | €424,159 | €427,677 | +€3,518 | +0.8% |
| Contributions | 10/11 | €850,000 | €850,000 | = | 0.0% |
| Reserves | 13 | €134,898 | €134,898 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,498 | €3,498 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,498 | €3,498 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,400 | €42,400 | = | 0.0% |
| Distributable reserves | 133 | €89,000 | €89,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€560,739 | -€557,221 | +€3,518 | +0.6% |
| Amounts payable | 17/49 | €3,151,633 | €2,879,911 | -€271,722 | -8.6% |
| Amounts payable after more than one year | 17 | €954,300 | €704,300 | -€250,000 | -26.2% |
| Financial debts | 170/4 | €954,300 | €704,300 | -€250,000 | -26.2% |
| Amounts payable within one year | 42/48 | €2,177,333 | €2,160,611 | -€16,722 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €9,055 | €9,330 | +€274 | +3.0% |
| Suppliers | 440/4 | €9,055 | €9,330 | +€274 | +3.0% |
| Taxes, remuneration and social security | 45 | €16,183 | €7,334 | -€8,849 | -54.7% |
| Taxes | 450/3 | €16,183 | €7,334 | -€8,849 | -54.7% |
| Other amounts payable | 47/48 | €2,152,094 | €2,143,948 | -€8,146 | -0.4% |
| Accrued charges and deferred income | 492/3 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,589 | €40,500 | +€20,911 | +107% |
| Other operating charges | 640/8 | €5,516 | €10,645 | +€5,129 | +93.0% |
| Gross operating margin | 9900 | €146,245 | €65,457 | -€80,788 | -55.2% |
| Operating profit (loss) | 9901 | €121,140 | €14,312 | -€106,828 | -88.2% |
| Financial income | 75/76B | €656 | €2,621 | +€1,965 | +300% |
| Recurring financial income | 75 | €656 | €2,621 | +€1,965 | +300% |
| Financial charges | 65/66B | €16,081 | €10,232 | -€5,849 | -36.4% |
| Recurring financial charges | 65 | €16,081 | €10,232 | -€5,849 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €105,715 | €6,700 | -€99,014 | -93.7% |
| Income taxes | 67/77 | €22,882 | €3,183 | -€19,699 | -86.1% |
| Profit (loss) for the period | 9904 | €82,833 | €3,518 | -€79,315 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €82,833 | €3,518 | -€79,315 | -95.8% |
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.