Studio Kozi: what changed
Two fiscal 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.
Studio Kozi
Largest movements
- Tangible fixed assets +€30,854
up €30,854 (+6.9%), from €450,326 to €481,180
of which Land and buildings: +€28,495
- Receivables within one year +€19,321
up €19,321 (+33.3%), from €58,104 to €77,425
of which Trade receivables: +€24,753
- Deferred charges and accrued income +€18,999
new in 2025: €18,999
- Trade debts +€68,531
up €68,531 (+575.6%), from €11,907 to €80,438
- Debts after one year -€44,931
down €44,931 (-13.8%), from €325,570 to €280,639
- Profit (loss) carried forward +€25,269
up €25,269 (+23.4%), from -€107,804 to -€82,535
- Other debts +€23,180
up €23,180 (+12.7%), from €181,855 to €205,035
- Current portion of long-term debt +€15,420
up €15,420 (+48.1%), from €32,031 to €47,451
- Gross operating margin +€16,107
up €16,107 (+27.0%), from €59,700 to €75,807
- Financial charges +€9,247
up €9,247 (+94.6%), from €9,772 to €19,019
- Depreciation +€5,799
up €5,799 (+21.9%), from €26,428 to €32,227
- Financial income +€2,055
new in 2025: €2,055
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.
Cash bridge derived
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 | €509,668 | €584,601 | +€74,933 | +14.7% |
| Fixed assets | 21/28 | €450,576 | €482,430 | +€31,854 | +7.1% |
| Tangible fixed assets | 22/27 | €450,326 | €481,180 | +€30,854 | +6.9% |
| Land and buildings | 22 | €404,672 | €433,167 | +€28,495 | +7.0% |
| Plant, machinery and equipment | 23 | €1,599 | €245 | -€1,354 | -84.7% |
| Furniture and vehicles | 24 | €44,055 | €42,572 | -€1,483 | -3.4% |
| Other tangible fixed assets | 26 | - | €5,196 | +€5,196 | |
| Financial fixed assets | 28 | €250 | €1,250 | +€1,000 | +400.0% |
| Current assets | 29/58 | €59,092 | €102,171 | +€43,079 | +72.9% |
| Stocks and contracts in progress | 3 | - | €4,445 | +€4,445 | |
| Stocks | 30/36 | - | €4,445 | +€4,445 | |
| Amounts receivable within one year | 40/41 | €58,104 | €77,425 | +€19,321 | +33.3% |
| Trade receivables | 40 | €48,404 | €73,157 | +€24,753 | +51.1% |
| Other amounts receivable | 41 | €9,700 | €4,268 | -€5,432 | -56.0% |
| Cash at bank and in hand | 54/58 | €988 | €1,302 | +€314 | +31.8% |
| Deferred charges and accrued income | 490/1 | - | €18,999 | +€18,999 | |
| Total equity and liabilities | 10/49 | €509,668 | €584,601 | +€74,933 | +14.7% |
| Equity | 10/15 | -€87,804 | -€62,535 | +€25,269 | +28.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,804 | -€82,535 | +€25,269 | +23.4% |
| Amounts payable | 17/49 | €597,472 | €647,136 | +€49,664 | +8.3% |
| Amounts payable after more than one year | 17 | €325,570 | €280,639 | -€44,931 | -13.8% |
| Financial debts | 170/4 | €325,570 | €280,639 | -€44,931 | -13.8% |
| Amounts payable within one year | 42/48 | €271,902 | €366,497 | +€94,595 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €32,031 | €47,451 | +€15,420 | +48.1% |
| Financial debts | 43 | €45,605 | €31,099 | -€14,506 | -31.8% |
| Credit institutions | 430/8 | €45,605 | €31,099 | -€14,506 | -31.8% |
| Trade debts | 44 | €11,907 | €80,438 | +€68,531 | +575.6% |
| Suppliers | 440/4 | €11,907 | €80,438 | +€68,531 | +575.6% |
| Taxes, remuneration and social security | 45 | €504 | €2,474 | +€1,970 | +390.9% |
| Taxes | 450/3 | €504 | €343 | -€161 | -31.9% |
| Remuneration and social security | 454/9 | - | €2,131 | +€2,131 | |
| Other amounts payable | 47/48 | €181,855 | €205,035 | +€23,180 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,428 | €32,227 | +€5,799 | +21.9% |
| Other operating charges | 640/8 | €2,087 | €1,349 | -€738 | -35.4% |
| Non-recurring operating charges | 66A | €48,352 | - | -€48,352 | |
| Gross operating margin | 9900 | €59,700 | €75,807 | +€16,107 | +27.0% |
| Operating profit (loss) | 9901 | -€17,167 | €42,231 | +€59,398 | |
| Financial income | 75/76B | - | €2,055 | +€2,055 | |
| Recurring financial income | 75 | - | €2,055 | +€2,055 | |
| Financial charges | 65/66B | €9,772 | €19,019 | +€9,247 | +94.6% |
| Recurring financial charges | 65 | €9,772 | €19,019 | +€9,247 | +94.6% |
| Profit (loss) for the period before taxes | 9903 | -€26,939 | €25,267 | +€52,206 | |
| Income taxes | 67/77 | €160 | -€2 | -€162 | |
| Profit (loss) for the period | 9904 | -€27,099 | €25,269 | +€52,368 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,099 | €25,269 | +€52,368 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.