KENNY CORSUS: what changed
What changed
KENNY CORSUS
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€22,057
2024 · €7,352-€29,409
Equity
-€14,966
2024 · €7,091-€22,057
Cash
€670
2024 · €5,799-€5,129
Balance sheet total
€53,523
2024 · €66,723-€13,199
Largest movements
Assets
- Tangible fixed assets -€14,089
down €14,089 (-29.0%), from €48,650 to €34,561
of which Leasing and similar rights: -€11,822
- Deferred charges and accrued income +€6,364
up €6,364 (+125%), from €5,095 to €11,458
- Cash -€5,129
down €5,129 (-88.5%), from €5,799 to €670
mainly Net result for the year (-€22,057) and Deferred charges and accrued income (-€6,364)
Equity and liabilities
- Profit (loss) carried forward -€19,966
new in 2025: -€19,966
- Advances received +€10,204
new in 2025: €10,204
- Other debts -€3,980
down €3,980 (-41.5%), from €9,580 to €5,600
- Accrued charges and deferred income +€2,773
up €2,773 (+166%), from €1,670 to €4,443
- Reserves -€2,091
no longer reported in 2025 (was €2,091)
Income statement
- Gross operating margin -€30,065
down €30,065, from €28,498 to -€1,567
- Taxes -€1,331
down €1,331 (-87.8%), from €1,516 to €184
- Other operating charges +€798
up €798 (+34.7%), from €2,298 to €3,096
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€7,352
Gross operating margin
-€30,065
Depreciation
-€111
Other operating charges
-€798
Financial income
-€7
Financial charges
+€239
Taxes
+€1,331
Result 2025
-€22,057
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€5,513
Investment
-€1,037
Financing
+€1,420
Cash 2024
€5,799
From operations (derived)
-€5,513
Net result for the year
-€22,057
Depreciation
+€15,126
Receivables within one year
+€344
Deferred charges and accrued income
-€6,364
Trade debts
-€935
Tax, wage and social debts
-€625
Advances received
+€10,204
Other debts
-€3,980
Accrued charges and deferred income
+€2,773
Investment (derived)
-€1,037
Investment in fixed assets (net)
-€1,037
Financing
+€1,420
Debts after one year
+€958
Current portion of long-term debt
+€462
Cash 2025
€670
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,723 | €53,523 | -€13,199 | -19.8% |
| Fixed assets | 21/28 | €48,650 | €34,561 | -€14,089 | -29.0% |
| Tangible fixed assets | 22/27 | €48,650 | €34,561 | -€14,089 | -29.0% |
| Plant, machinery and equipment | 23 | €1,367 | €1,171 | -€196 | -14.4% |
| Furniture and vehicles | 24 | €8,318 | €6,247 | -€2,071 | -24.9% |
| Leasing and similar rights | 25 | €38,965 | €27,143 | -€11,822 | -30.3% |
| Current assets | 29/58 | €18,072 | €18,962 | +€890 | +4.9% |
| Amounts receivable within one year | 40/41 | €7,179 | €6,834 | -€344 | -4.8% |
| Trade receivables | 40 | €6,652 | - | -€6,652 | |
| Other amounts receivable | 41 | €526 | €6,834 | +€6,308 | +1,198% |
| Cash at bank and in hand | 54/58 | €5,799 | €670 | -€5,129 | -88.5% |
| Deferred charges and accrued income | 490/1 | €5,095 | €11,458 | +€6,364 | +125% |
| Total equity and liabilities | 10/49 | €66,723 | €53,523 | -€13,199 | -19.8% |
| Equity | 10/15 | €7,091 | -€14,966 | -€22,057 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,091 | - | -€2,091 | |
| Distributable reserves | 133 | €2,091 | - | -€2,091 | |
| Profit (loss) carried forward | 14 | - | -€19,966 | -€19,966 | |
| Amounts payable | 17/49 | €59,632 | €68,490 | +€8,858 | +14.9% |
| Amounts payable after more than one year | 17 | €33,402 | €34,360 | +€958 | +2.9% |
| Financial debts | 170/4 | €33,402 | €34,360 | +€958 | +2.9% |
| Amounts payable within one year | 42/48 | €24,560 | €29,686 | +€5,126 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €10,080 | €10,542 | +€462 | +4.6% |
| Trade debts | 44 | €1,677 | €742 | -€935 | -55.8% |
| Suppliers | 440/4 | €1,677 | €742 | -€935 | -55.8% |
| Advances received on contracts in progress | 46 | - | €10,204 | +€10,204 | |
| Taxes, remuneration and social security | 45 | €3,223 | €2,598 | -€625 | -19.4% |
| Taxes | 450/3 | €3,223 | €2,598 | -€625 | -19.4% |
| Other amounts payable | 47/48 | €9,580 | €5,600 | -€3,980 | -41.5% |
| Accrued charges and deferred income | 492/3 | €1,670 | €4,443 | +€2,773 | +166% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,015 | €15,126 | +€111 | +0.7% |
| Other operating charges | 640/8 | €2,298 | €3,096 | +€798 | +34.7% |
| Gross operating margin | 9900 | €28,498 | -€1,567 | -€30,065 | |
| Operating profit (loss) | 9901 | €11,185 | -€19,788 | -€30,973 | |
| Financial income | 75/76B | €7 | €0 | -€7 | -99.8% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -99.8% |
| Financial charges | 65/66B | €2,324 | €2,084 | -€239 | -10.3% |
| Recurring financial charges | 65 | €2,324 | €2,084 | -€239 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €8,868 | -€21,873 | -€30,741 | |
| Income taxes | 67/77 | €1,516 | €184 | -€1,331 | -87.8% |
| Profit (loss) for the period | 9904 | €7,352 | -€22,057 | -€29,409 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,352 | -€22,057 | -€29,409 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.