EXPERTISEBUREEL KORTEX: 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.
EXPERTISEBUREEL KORTEX
Largest movements
- Cash -€23,651
down €23,651 (-37.3%), from €63,413 to €39,762
mainly Receivables within one year (-€15,524) and Net result for the year (-€10,661)
- Receivables within one year +€15,524
up €15,524 (+523%), from €2,969 to €18,492
of which Trade receivables: +€13,046
- Deferred charges and accrued income -€2,441
down €2,441 (-72.8%), from €3,353 to €912
- Tangible fixed assets +€2,167
up €2,167 (+6.2%), from €35,197 to €37,364
of which Plant, machinery and equipment: +€3,338
- Profit (loss) carried forward -€10,661
down €10,661 (-46.4%), from -€22,970 to -€33,631
- Trade debts +€2,254
up €2,254 (+17.4%), from €12,965 to €15,219
- Gross operating margin +€29,878
up €29,878 (+69.1%), from €43,220 to €73,098
- Staff costs +€16,376
up €16,376 (+26.2%), from €62,607 to €78,984
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 | €104,932 | €96,531 | -€8,401 | -8.0% |
| Fixed assets | 21/28 | €35,197 | €37,364 | +€2,167 | +6.2% |
| Tangible fixed assets | 22/27 | €35,197 | €37,364 | +€2,167 | +6.2% |
| Land and buildings | 22 | €31,374 | €30,440 | -€934 | -3.0% |
| Plant, machinery and equipment | 23 | €3,429 | €6,767 | +€3,338 | +97.3% |
| Furniture and vehicles | 24 | €394 | €156 | -€238 | -60.4% |
| Current assets | 29/58 | €69,735 | €59,167 | -€10,568 | -15.2% |
| Amounts receivable within one year | 40/41 | €2,969 | €18,492 | +€15,524 | +523% |
| Trade receivables | 40 | €2,816 | €15,862 | +€13,046 | +463% |
| Other amounts receivable | 41 | €153 | €2,630 | +€2,478 | +1,624% |
| Cash at bank and in hand | 54/58 | €63,413 | €39,762 | -€23,651 | -37.3% |
| Deferred charges and accrued income | 490/1 | €3,353 | €912 | -€2,441 | -72.8% |
| Total equity and liabilities | 10/49 | €104,932 | €96,531 | -€8,401 | -8.0% |
| Equity | 10/15 | €76,765 | €66,105 | -€10,661 | -13.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €81,143 | €81,143 | = | 0.0% |
| Distributable reserves | 133 | €81,143 | €81,143 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,970 | -€33,631 | -€10,661 | -46.4% |
| Amounts payable | 17/49 | €28,166 | €30,426 | +€2,260 | +8.0% |
| Amounts payable within one year | 42/48 | €27,447 | €29,707 | +€2,260 | +8.2% |
| Trade debts | 44 | €12,965 | €15,219 | +€2,254 | +17.4% |
| Suppliers | 440/4 | €12,965 | €15,219 | +€2,254 | +17.4% |
| Taxes, remuneration and social security | 45 | €7,586 | €7,593 | +€6 | +0.1% |
| Taxes | 450/3 | €1,177 | €1,629 | +€452 | +38.4% |
| Remuneration and social security | 454/9 | €6,409 | €5,963 | -€446 | -7.0% |
| Other amounts payable | 47/48 | €6,896 | €6,896 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €719 | €719 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €62,607 | €78,984 | +€16,376 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,704 | €2,025 | +€321 | +18.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €476 | - | -€476 | |
| Other operating charges | 640/8 | €2,407 | €2,638 | +€231 | +9.6% |
| Gross operating margin | 9900 | €43,220 | €73,098 | +€29,878 | +69.1% |
| Operating profit (loss) | 9901 | -€23,974 | -€10,549 | +€13,425 | +56.0% |
| Financial income | 75/76B | €281 | €1 | -€280 | -99.7% |
| Recurring financial income | 75 | €281 | €1 | -€280 | -99.7% |
| Financial charges | 65/66B | €638 | €113 | -€526 | -82.3% |
| Recurring financial charges | 65 | €638 | €113 | -€526 | -82.3% |
| Profit (loss) for the period before taxes | 9903 | -€24,332 | -€10,661 | +€13,671 | +56.2% |
| Income taxes | 67/77 | -€18 | - | +€18 | |
| Profit (loss) for the period | 9904 | -€24,313 | -€10,661 | +€13,652 | +56.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,313 | -€10,661 | +€13,652 | +56.2% |
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 30 October 2026 via checked.be.