DE KORENAAR: 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.
What changed
DE KORENAAR
NACE 10.711, Manufacture of food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€56,073
2024 · €10,128+€45,945
Equity
€1.1m
2024 · €1.1m+€56,073
Cash
€974,446
2024 · €933,089+€41,357
Balance sheet total
€1.3m
2024 · €1.3m+€38,543
Largest movements
Assets
- Cash +€41,357
up €41,357 (+4.4%), from €933,089 to €974,446
mainly Net result for the year (+€56,073) and Depreciation (+€17,549)
Equity and liabilities
- Profit (loss) carried forward +€56,073
up €56,073 (+5.9%), from €945,013 to €1.0m
- Tax, wage and social debts -€17,388
down €17,388 (-20.2%), from €86,113 to €68,724
of which Remuneration and social security: -€19,457
Income statement
- Staff costs -€31,602
down €31,602 (-8.4%), from €374,863 to €343,261
- Gross operating margin +€18,513
up €18,513 (+4.2%), from €439,068 to €457,582
- Taxes +€12,515
up €12,515 (+346%), from €3,622 to €16,137
- Financial income +€8,853
up €8,853 (+123%), from €7,204 to €16,056
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.
Result 2024
€10,128
Gross operating margin
+€18,513
Staff costs
+€31,602
Depreciation
-€770
Other operating charges
-€706
Financial income
+€8,853
Financial charges
+€968
Taxes
-€12,515
Result 2025
€56,073
raises the resultlowers the result
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.
From operations
+€52,024
Investment
-€10,668
Financing
€0
Cash 2024
€933,089
From operations (derived)
+€52,024
Net result for the year
+€56,073
Depreciation
+€17,549
Stocks and contracts
+€3,221
Receivables within one year
-€11,670
Deferred charges and accrued income
+€4,382
Trade debts
-€6,775
Tax, wage and social debts
-€17,388
Other debts
+€6,633
Investment (derived)
-€10,668
Investment in fixed assets (net)
-€10,668
Cash 2025
€974,446
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,256,327 | €1,294,870 | +€38,543 | +3.1% |
| Fixed assets | 21/28 | €71,558 | €64,676 | -€6,881 | -9.6% |
| Tangible fixed assets | 22/27 | €61,409 | €54,527 | -€6,881 | -11.2% |
| Plant, machinery and equipment | 23 | €10,213 | €7,685 | -€2,528 | -24.7% |
| Furniture and vehicles | 24 | €1,080 | €7,083 | +€6,003 | +556% |
| Other tangible fixed assets | 26 | €50,115 | €39,759 | -€10,356 | -20.7% |
| Financial fixed assets | 28 | €10,149 | €10,149 | = | 0.0% |
| Current assets | 29/58 | €1,184,770 | €1,230,194 | +€45,424 | +3.8% |
| Stocks and contracts in progress | 3 | €10,213 | €6,993 | -€3,221 | -31.5% |
| Stocks | 30/36 | €10,213 | €6,993 | -€3,221 | -31.5% |
| Amounts receivable within one year | 40/41 | €227,821 | €239,492 | +€11,670 | +5.1% |
| Trade receivables | 40 | €67,876 | €80,459 | +€12,583 | +18.5% |
| Other amounts receivable | 41 | €159,945 | €159,033 | -€913 | -0.6% |
| Cash at bank and in hand | 54/58 | €933,089 | €974,446 | +€41,357 | +4.4% |
| Deferred charges and accrued income | 490/1 | €13,646 | €9,264 | -€4,382 | -32.1% |
| Total equity and liabilities | 10/49 | €1,256,327 | €1,294,870 | +€38,543 | +3.1% |
| Equity | 10/15 | €1,084,248 | €1,140,321 | +€56,073 | +5.2% |
| Contributions | 10/11 | €73,105 | €73,105 | = | 0.0% |
| Capital | 10 | €73,105 | €73,105 | = | 0.0% |
| Issued capital | 100 | €73,105 | €73,105 | = | 0.0% |
| Reserves | 13 | €66,130 | €66,130 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,311 | €7,311 | = | 0.0% |
| Legal reserve | 130 | €7,311 | €7,311 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,673 | €20,673 | = | 0.0% |
| Distributable reserves | 133 | €38,147 | €38,147 | = | 0.0% |
| Profit (loss) carried forward | 14 | €945,013 | €1,001,086 | +€56,073 | +5.9% |
| Provisions and deferred taxes | 16 | €6,941 | €6,941 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,941 | €6,941 | = | 0.0% |
| Pensions and similar obligations | 160 | €6,941 | €6,941 | = | 0.0% |
| Amounts payable | 17/49 | €165,138 | €147,608 | -€17,530 | -10.6% |
| Amounts payable within one year | 42/48 | €165,138 | €147,608 | -€17,530 | -10.6% |
| Trade debts | 44 | €75,226 | €68,451 | -€6,775 | -9.0% |
| Suppliers | 440/4 | €75,226 | €68,451 | -€6,775 | -9.0% |
| Taxes, remuneration and social security | 45 | €86,113 | €68,724 | -€17,388 | -20.2% |
| Taxes | 450/3 | €8,638 | €10,707 | +€2,069 | +24.0% |
| Remuneration and social security | 454/9 | €77,475 | €58,017 | -€19,457 | -25.1% |
| Other amounts payable | 47/48 | €3,799 | €10,432 | +€6,633 | +175% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €12,847 | +€12,847 | |
| Remuneration, social security and pensions | 62 | €374,863 | €343,261 | -€31,602 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,779 | €17,549 | +€770 | +4.6% |
| Other operating charges | 640/8 | €24,114 | €24,820 | +€706 | +2.9% |
| Gross operating margin | 9900 | €439,068 | €457,582 | +€18,513 | +4.2% |
| Operating profit (loss) | 9901 | €23,311 | €71,951 | +€48,640 | +209% |
| Financial income | 75/76B | €7,204 | €16,056 | +€8,853 | +123% |
| Recurring financial income | 75 | €7,204 | €16,056 | +€8,853 | +123% |
| Financial charges | 65/66B | €16,765 | €15,797 | -€968 | -5.8% |
| Recurring financial charges | 65 | €16,765 | €15,797 | -€968 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €13,750 | €72,210 | +€58,460 | +425% |
| Income taxes | 67/77 | €3,622 | €16,137 | +€12,515 | +346% |
| Profit (loss) for the period | 9904 | €10,128 | €56,073 | +€45,945 | +454% |
| Profit (loss) for the period to be appropriated | 9905 | €10,128 | €56,073 | +€45,945 | +454% |
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 18 October 2026 via checked.be.