KFKORTRIJK: 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.
KFKORTRIJK
Largest movements
- Stocks and contracts -€31,356
down €31,356 (-17.3%), from €180,778 to €149,422
- Tangible fixed assets -€27,528
down €27,528 (-20.3%), from €135,786 to €108,258
of which Plant, machinery and equipment: -€14,474
- Cash +€21,087
up €21,087 (+56.2%), from €37,514 to €58,600
mainly Other debts (+€64,780) and Stocks and contracts (+€31,356)
- Other debts +€64,780
up €64,780 (+74.9%), from €86,466 to €151,246
- Trade debts -€60,327
down €60,327 (-59.1%), from €102,126 to €41,800
- Accrued charges and deferred income -€13,739
down €13,739 (-22.3%), from €61,639 to €47,900
- Profit (loss) carried forward -€13,196
down €13,196 (-32.2%), from €40,960 to €27,765
- Debts after one year -€11,830
down €11,830 (-100%), from €11,830 to €0
- Gross operating margin -€44,130
down €44,130 (-27.2%), from €162,423 to €118,293
- Staff costs +€9,910
up €9,910 (+10.9%), from €90,555 to €100,465
- Depreciation +€5,384
up €5,384 (+24.3%), from €22,143 to €27,528
- Financial charges -€3,312
down €3,312 (-53.0%), from €6,245 to €2,933
- Financial income -€3,098
down €3,098 (-97.9%), from €3,163 to €65
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 | €384,021 | €345,008 | -€39,013 | -10.2% |
| Fixed assets | 21/28 | €135,786 | €108,258 | -€27,528 | -20.3% |
| Tangible fixed assets | 22/27 | €135,786 | €108,258 | -€27,528 | -20.3% |
| Plant, machinery and equipment | 23 | €90,203 | €75,729 | -€14,474 | -16.0% |
| Furniture and vehicles | 24 | €45,583 | €32,529 | -€13,053 | -28.6% |
| Current assets | 29/58 | €248,235 | €236,750 | -€11,485 | -4.6% |
| Stocks and contracts in progress | 3 | €180,778 | €149,422 | -€31,356 | -17.3% |
| Stocks | 30/36 | €180,778 | €149,422 | -€31,356 | -17.3% |
| Amounts receivable within one year | 40/41 | €29,943 | €28,727 | -€1,216 | -4.1% |
| Trade receivables | 40 | €29,943 | €28,727 | -€1,216 | -4.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €37,514 | €58,600 | +€21,087 | +56.2% |
| Total equity and liabilities | 10/49 | €384,021 | €345,008 | -€39,013 | -10.2% |
| Equity | 10/15 | €65,960 | €52,765 | -€13,196 | -20.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,960 | €27,765 | -€13,196 | -32.2% |
| Amounts payable | 17/49 | €318,061 | €292,243 | -€25,818 | -8.1% |
| Amounts payable after more than one year | 17 | €11,830 | €0 | -€11,830 | -100% |
| Financial debts | 170/4 | €11,830 | €0 | -€11,830 | -100% |
| Amounts payable within one year | 42/48 | €244,591 | €244,343 | -€248 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €18,981 | €13,301 | -€5,680 | -29.9% |
| Trade debts | 44 | €102,126 | €41,800 | -€60,327 | -59.1% |
| Suppliers | 440/4 | €102,126 | €41,800 | -€60,327 | -59.1% |
| Taxes, remuneration and social security | 45 | €37,018 | €37,997 | +€979 | +2.6% |
| Taxes | 450/3 | €20,068 | €30,487 | +€10,419 | +51.9% |
| Remuneration and social security | 454/9 | €16,950 | €7,510 | -€9,440 | -55.7% |
| Other amounts payable | 47/48 | €86,466 | €151,246 | +€64,780 | +74.9% |
| Accrued charges and deferred income | 492/3 | €61,639 | €47,900 | -€13,739 | -22.3% |
| Remuneration, social security and pensions | 62 | €90,555 | €100,465 | +€9,910 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,143 | €27,528 | +€5,384 | +24.3% |
| Other operating charges | 640/8 | €2,887 | €628 | -€2,259 | -78.3% |
| Non-recurring operating charges | 66A | €47,379 | €0 | -€47,379 | -100% |
| Gross operating margin | 9900 | €162,423 | €118,293 | -€44,130 | -27.2% |
| Operating profit (loss) | 9901 | -€542 | -€10,328 | -€9,786 | -1,804% |
| Financial income | 75/76B | €3,163 | €65 | -€3,098 | -97.9% |
| Recurring financial income | 75 | €3,163 | €65 | -€3,098 | -97.9% |
| Financial charges | 65/66B | €6,245 | €2,933 | -€3,312 | -53.0% |
| Recurring financial charges | 65 | €6,245 | €2,933 | -€3,312 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,625 | -€13,196 | -€9,571 | -264% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,625 | -€13,196 | -€9,571 | -264% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,625 | -€13,196 | -€9,571 | -264% |
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 19 October 2026 via checked.be.