DE KORENBLOEM: 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 KORENBLOEM
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€11,015
2024 · €3,208+€7,807
Equity
€28,306
2024 · €17,291+€11,015
Cash
€79,581
2024 · €41,003+€38,578
Balance sheet total
€461,088
2024 · €446,347+€14,741
Largest movements
Assets
- Cash +€38,578
up €38,578 (+94.1%), from €41,003 to €79,581
mainly Depreciation (+€40,472) and Net result for the year (+€11,015)
- Tangible fixed assets -€23,122
down €23,122 (-6.3%), from €365,453 to €342,331
of which Plant, machinery and equipment: -€19,432
Equity and liabilities
- Profit (loss) carried forward +€9,515
up €9,515, from -€9,515 to €0
Income statement
- Gross operating margin +€16,239
up €16,239 (+39.7%), from €40,861 to €57,100
- Depreciation +€8,309
up €8,309 (+25.8%), from €32,163 to €40,472
- Financial charges -€639
down €639 (-21.0%), from €3,043 to €2,404
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
€3,208
Gross operating margin
+€16,239
Staff costs
-€157
Depreciation
-€8,309
Other operating charges
-€109
Financial income
-€497
Financial charges
+€639
Result 2025
€11,015
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
+€53,152
Investment
-€17,400
Financing
+€2,826
Cash 2024
€41,003
From operations (derived)
+€53,152
Net result for the year
+€11,015
Depreciation
+€40,472
Stocks and contracts
+€1,790
Receivables within one year
-€1,005
Smaller working-capital items
-€15
Trade debts
-€4,102
Tax, wage and social debts
+€473
Other debts
+€4,524
Investment (derived)
-€17,400
Investment in fixed assets (net)
-€17,400
Financing
+€2,826
Debts after one year
+€2,574
Current portion of long-term debt
+€252
Cash 2025
€79,581
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €446,347 | €461,088 | +€14,741 | +3.3% |
| Fixed assets | 21/28 | €365,503 | €342,431 | -€23,072 | -6.3% |
| Tangible fixed assets | 22/27 | €365,453 | €342,331 | -€23,122 | -6.3% |
| Land and buildings | 22 | €269,437 | €251,511 | -€17,926 | -6.7% |
| Plant, machinery and equipment | 23 | €96,016 | €76,584 | -€19,432 | -20.2% |
| Furniture and vehicles | 24 | - | €14,236 | +€14,236 | |
| Financial fixed assets | 28 | €50 | €100 | +€50 | +100% |
| Current assets | 29/58 | €80,844 | €118,658 | +€37,814 | +46.8% |
| Stocks and contracts in progress | 3 | €36,615 | €34,825 | -€1,790 | -4.9% |
| Stocks | 30/36 | €36,615 | €34,825 | -€1,790 | -4.9% |
| Amounts receivable within one year | 40/41 | €2,105 | €3,110 | +€1,005 | +47.8% |
| Trade receivables | 40 | €31 | €304 | +€273 | +877% |
| Other amounts receivable | 41 | €2,073 | €2,806 | +€732 | +35.3% |
| Cash at bank and in hand | 54/58 | €41,003 | €79,581 | +€38,578 | +94.1% |
| Deferred charges and accrued income | 490/1 | €1,121 | €1,142 | +€21 | +1.9% |
| Total equity and liabilities | 10/49 | €446,347 | €461,088 | +€14,741 | +3.3% |
| Equity | 10/15 | €17,291 | €28,306 | +€11,015 | +63.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,206 | €9,706 | +€1,500 | +18.3% |
| Distributable reserves | 133 | €8,206 | €9,706 | +€1,500 | +18.3% |
| Profit (loss) carried forward | 14 | -€9,515 | €0 | +€9,515 | |
| Amounts payable | 17/49 | €429,055 | €432,782 | +€3,726 | +0.9% |
| Amounts payable after more than one year | 17 | €373,884 | €376,458 | +€2,574 | +0.7% |
| Financial debts | 170/4 | €133,586 | €118,356 | -€15,230 | -11.4% |
| Other amounts payable | 178/9 | €240,299 | €258,102 | +€17,804 | +7.4% |
| Amounts payable within one year | 42/48 | €55,171 | €56,317 | +€1,146 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €14,978 | €15,230 | +€252 | +1.7% |
| Trade debts | 44 | €39,112 | €35,010 | -€4,102 | -10.5% |
| Suppliers | 440/4 | €39,112 | €35,010 | -€4,102 | -10.5% |
| Taxes, remuneration and social security | 45 | €1,081 | €1,554 | +€473 | +43.7% |
| Taxes | 450/3 | €1,081 | €1,204 | +€123 | +11.4% |
| Remuneration and social security | 454/9 | €0 | €350 | +€350 | |
| Other amounts payable | 47/48 | - | €4,524 | +€4,524 | |
| Accrued charges and deferred income | 492/3 | - | €6 | +€6 | |
| Remuneration, social security and pensions | 62 | €1,638 | €1,796 | +€157 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,163 | €40,472 | +€8,309 | +25.8% |
| Other operating charges | 640/8 | €1,424 | €1,532 | +€109 | +7.6% |
| Gross operating margin | 9900 | €40,861 | €57,100 | +€16,239 | +39.7% |
| Operating profit (loss) | 9901 | €5,636 | €13,300 | +€7,664 | +136% |
| Financial income | 75/76B | €616 | €119 | -€497 | -80.6% |
| Recurring financial income | 75 | €616 | €119 | -€497 | -80.6% |
| Financial charges | 65/66B | €3,043 | €2,404 | -€639 | -21.0% |
| Recurring financial charges | 65 | €3,043 | €2,404 | -€639 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €3,208 | €11,015 | +€7,807 | +243% |
| Profit (loss) for the period | 9904 | €3,208 | €11,015 | +€7,807 | +243% |
| Profit (loss) for the period to be appropriated | 9905 | €3,208 | €11,015 | +€7,807 | +243% |
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 27 October 2026 via checked.be.