CPL-KORTEMARK: 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.
CPL-KORTEMARK
Largest movements
- Tangible fixed assets +€97,683
up €97,683 (+27.5%), from €354,816 to €452,498
of which Furniture and vehicles: +€143,272
- Receivables within one year -€8,052
down €8,052 (-19.0%), from €42,433 to €34,382
of which Trade receivables: -€10,808
- Receivables after one year -€7,000
down €7,000 (-100%), from €7,000 to €0
- Cash +€6,060
up €6,060 (+92.5%), from €6,553 to €12,614
mainly Debts after one year (+€84,322) and Depreciation (+€69,685)
- Debts after one year +€84,322
up €84,322 (+125%), from €67,368 to €151,690
- Other debts +€38,909
up €38,909 (+31.0%), from €125,409 to €164,318
- Current portion of long-term debt -€27,668
down €27,668 (-35.0%), from €79,061 to €51,392
- Trade debts -€6,730
down €6,730 (-44.8%), from €15,038 to €8,309
- Accrued charges and deferred income -€5,411
down €5,411 (-33.6%), from €16,124 to €10,713
- Depreciation +€16,727
up €16,727 (+31.6%), from €52,957 to €69,685
- Gross operating margin +€5,480
up €5,480 (+6.7%), from €81,300 to €86,780
- Taxes -€3,392
down €3,392 (-92.0%), from €3,686 to €295
- Financial charges +€1,939
up €1,939 (+18.1%), from €10,706 to €12,645
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 | €448,446 | €534,773 | +€86,328 | +19.3% |
| Fixed assets | 21/28 | €354,816 | €452,498 | +€97,683 | +27.5% |
| Tangible fixed assets | 22/27 | €354,816 | €452,498 | +€97,683 | +27.5% |
| Land and buildings | 22 | €91,222 | €87,940 | -€3,282 | -3.6% |
| Plant, machinery and equipment | 23 | €203,244 | €160,936 | -€42,308 | -20.8% |
| Furniture and vehicles | 24 | €60,350 | €203,622 | +€143,272 | +237% |
| Current assets | 29/58 | €93,630 | €82,275 | -€11,355 | -12.1% |
| Amounts receivable after more than one year | 29 | €7,000 | €0 | -€7,000 | -100% |
| Other amounts receivable | 291 | €7,000 | €0 | -€7,000 | -100% |
| Stocks and contracts in progress | 3 | €26,793 | €28,863 | +€2,070 | +7.7% |
| Stocks | 30/36 | €8,475 | €8,390 | -€85 | -1.0% |
| Contracts in progress | 37 | €18,318 | €20,472 | +€2,154 | +11.8% |
| Amounts receivable within one year | 40/41 | €42,433 | €34,382 | -€8,052 | -19.0% |
| Trade receivables | 40 | €27,090 | €16,282 | -€10,808 | -39.9% |
| Other amounts receivable | 41 | €15,344 | €18,099 | +€2,756 | +18.0% |
| Cash at bank and in hand | 54/58 | €6,553 | €12,614 | +€6,060 | +92.5% |
| Deferred charges and accrued income | 490/1 | €10,850 | €6,417 | -€4,433 | -40.9% |
| Total equity and liabilities | 10/49 | €448,446 | €534,773 | +€86,328 | +19.3% |
| Equity | 10/15 | €140,700 | €143,646 | +€2,946 | +2.1% |
| Contributions | 10/11 | €31,100 | €31,100 | = | 0.0% |
| Reserves | 13 | €83,373 | €86,318 | +€2,946 | +3.5% |
| Distributable reserves | 133 | €83,373 | €86,318 | +€2,946 | +3.5% |
| Profit (loss) carried forward | 14 | €26,228 | €26,228 | = | 0.0% |
| Amounts payable | 17/49 | €307,745 | €391,127 | +€83,382 | +27.1% |
| Amounts payable after more than one year | 17 | €67,368 | €151,690 | +€84,322 | +125% |
| Financial debts | 170/4 | €67,368 | €151,690 | +€84,322 | +125% |
| Amounts payable within one year | 42/48 | €224,253 | €228,724 | +€4,471 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €79,061 | €51,392 | -€27,668 | -35.0% |
| Trade debts | 44 | €15,038 | €8,309 | -€6,730 | -44.8% |
| Suppliers | 440/4 | €15,038 | €8,309 | -€6,730 | -44.8% |
| Taxes, remuneration and social security | 45 | €4,744 | €4,705 | -€40 | -0.8% |
| Taxes | 450/3 | €4,744 | €4,705 | -€40 | -0.8% |
| Other amounts payable | 47/48 | €125,409 | €164,318 | +€38,909 | +31.0% |
| Accrued charges and deferred income | 492/3 | €16,124 | €10,713 | -€5,411 | -33.6% |
| Non-recurring operating income | 76A | €502 | €0 | -€502 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,957 | €69,685 | +€16,727 | +31.6% |
| Other operating charges | 640/8 | €1,313 | €1,448 | +€136 | +10.3% |
| Gross operating margin | 9900 | €81,300 | €86,780 | +€5,480 | +6.7% |
| Operating profit (loss) | 9901 | €27,030 | €15,647 | -€11,383 | -42.1% |
| Financial income | 75/76B | €299 | €238 | -€61 | -20.3% |
| Recurring financial income | 75 | €299 | €238 | -€61 | -20.3% |
| Financial charges | 65/66B | €10,706 | €12,645 | +€1,939 | +18.1% |
| Recurring financial charges | 65 | €10,706 | €12,645 | +€1,939 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €16,623 | €3,240 | -€13,382 | -80.5% |
| Income taxes | 67/77 | €3,686 | €295 | -€3,392 | -92.0% |
| Profit (loss) for the period | 9904 | €12,936 | €2,946 | -€9,991 | -77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,936 | €2,946 | -€9,991 | -77.2% |
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 16 October 2026 via checked.be.