De Kort Projects: 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.
De Kort Projects
Largest movements
- Tangible fixed assets -€16,350
down €16,350 (-3.6%), from €455,772 to €439,422
- Debts after one year -€17,325
down €17,325 (-8.5%), from €204,107 to €186,782
- Depreciation +€1,886
up €1,886 (+13.0%), from €14,464 to €16,350
- Other operating charges +€753
up €753 (+17.8%), from €4,228 to €4,981
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 | €461,733 | €448,727 | -€13,007 | -2.8% |
| Fixed assets | 21/28 | €455,772 | €439,422 | -€16,350 | -3.6% |
| Tangible fixed assets | 22/27 | €455,772 | €439,422 | -€16,350 | -3.6% |
| Land and buildings | 22 | €455,772 | €439,422 | -€16,350 | -3.6% |
| Current assets | 29/58 | €5,962 | €9,305 | +€3,343 | +56.1% |
| Amounts receivable within one year | 40/41 | €3,121 | €3,000 | -€121 | -3.9% |
| Trade receivables | 40 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | €3,121 | - | -€3,121 | |
| Cash at bank and in hand | 54/58 | €2,840 | €6,305 | +€3,464 | +122% |
| Total equity and liabilities | 10/49 | €461,733 | €448,727 | -€13,007 | -2.8% |
| Equity | 10/15 | €216,380 | €217,334 | +€954 | +0.4% |
| Contributions | 10/11 | €215,000 | €215,000 | = | 0.0% |
| Reserves | 13 | €1,380 | €2,334 | +€954 | +69.2% |
| Distributable reserves | 133 | €1,380 | €2,334 | +€954 | +69.2% |
| Amounts payable | 17/49 | €245,354 | €231,393 | -€13,961 | -5.7% |
| Amounts payable after more than one year | 17 | €204,107 | €186,782 | -€17,325 | -8.5% |
| Financial debts | 170/4 | €204,107 | €186,782 | -€17,325 | -8.5% |
| Amounts payable within one year | 42/48 | €41,247 | €44,611 | +€3,364 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €17,119 | €17,325 | +€206 | +1.2% |
| Trade debts | 44 | - | €2,133 | +€2,133 | |
| Suppliers | 440/4 | - | €2,133 | +€2,133 | |
| Taxes, remuneration and social security | 45 | - | €1,025 | +€1,025 | |
| Taxes | 450/3 | - | €1,025 | +€1,025 | |
| Other amounts payable | 47/48 | €24,129 | €24,129 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,464 | €16,350 | +€1,886 | +13.0% |
| Other operating charges | 640/8 | €4,228 | €4,981 | +€753 | +17.8% |
| Gross operating margin | 9900 | €24,813 | €24,948 | +€135 | +0.5% |
| Operating profit (loss) | 9901 | €6,121 | €3,617 | -€2,504 | -40.9% |
| Financial charges | 65/66B | €2,867 | €2,663 | -€204 | -7.1% |
| Recurring financial charges | 65 | €2,867 | €2,663 | -€204 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €3,255 | €954 | -€2,300 | -70.7% |
| Profit (loss) for the period | 9904 | €3,255 | €954 | -€2,300 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,255 | €954 | -€2,300 | -70.7% |
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 28 October 2026 via checked.be.