Koortzz: 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.
Koortzz
Largest movements
- Cash +€72,806
up €72,806 (+122.9%), from €59,230 to €132,036
mainly Net result for the year (+€71,818) and Other debts (+€66,783)
- Tangible fixed assets -€56,930
down €56,930 (-91.7%), from €62,064 to €5,134
- Intangible fixed assets +€7,188
new in 2025: €7,188
- Receivables within one year -€4,385
down €4,385 (-4.8%), from €91,203 to €86,818
of which Other amounts receivable: -€15,236
- Other debts +€66,783
up €66,783 (+1583.8%), from €4,217 to €71,000
- Trade debts -€33,689
down €33,689 (-48.7%), from €69,106 to €35,417
- Short-term financial debts -€10,000
no longer reported in 2025 (was €10,000)
- Debts after one year -€9,054
down €9,054 (-28.5%), from €31,742 to €22,688
- Tax, wage and social debts +€3,210
up €3,210 (+11.7%), from €27,486 to €30,697
of which Remuneration and social security: +€5,114
- Gross operating margin +€111,785
up €111,785 (+127.5%), from €87,644 to €199,429
- Taxes +€8,152
up €8,152 (+5353.4%), from €152 to €8,304
- Staff costs +€5,807
up €5,807 (+6.8%), from €85,412 to €91,219
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.
Cash bridge derived
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 | €212,976 | €231,463 | +€18,488 | +8.7% |
| Fixed assets | 21/28 | €62,351 | €12,609 | -€49,742 | -79.8% |
| Intangible fixed assets | 21 | - | €7,188 | +€7,188 | |
| Tangible fixed assets | 22/27 | €62,064 | €5,134 | -€56,930 | -91.7% |
| Furniture and vehicles | 24 | €62,064 | €5,134 | -€56,930 | -91.7% |
| Financial fixed assets | 28 | €287 | €287 | = | 0.0% |
| Current assets | 29/58 | €150,625 | €218,854 | +€68,229 | +45.3% |
| Amounts receivable within one year | 40/41 | €91,203 | €86,818 | -€4,385 | -4.8% |
| Trade receivables | 40 | €75,967 | €86,818 | +€10,851 | +14.3% |
| Other amounts receivable | 41 | €15,236 | - | -€15,236 | |
| Cash at bank and in hand | 54/58 | €59,230 | €132,036 | +€72,806 | +122.9% |
| Deferred charges and accrued income | 490/1 | €192 | - | -€192 | |
| Total equity and liabilities | 10/49 | €212,976 | €231,463 | +€18,488 | +8.7% |
| Equity | 10/15 | €61,749 | €62,567 | +€818 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,149 | €43,967 | +€818 | +1.9% |
| Amounts payable | 17/49 | €151,227 | €168,897 | +€17,670 | +11.7% |
| Amounts payable after more than one year | 17 | €31,742 | €22,688 | -€9,054 | -28.5% |
| Financial debts | 170/4 | €31,742 | €22,688 | -€9,054 | -28.5% |
| Amounts payable within one year | 42/48 | €119,485 | €146,167 | +€26,682 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €8,676 | €9,054 | +€378 | +4.4% |
| Financial debts | 43 | €10,000 | - | -€10,000 | |
| Credit institutions | 430/8 | €10,000 | - | -€10,000 | |
| Trade debts | 44 | €69,106 | €35,417 | -€33,689 | -48.7% |
| Suppliers | 440/4 | €69,106 | €35,417 | -€33,689 | -48.7% |
| Taxes, remuneration and social security | 45 | €27,486 | €30,697 | +€3,210 | +11.7% |
| Taxes | 450/3 | €12,929 | €11,025 | -€1,904 | -14.7% |
| Remuneration and social security | 454/9 | €14,558 | €19,671 | +€5,114 | +35.1% |
| Other amounts payable | 47/48 | €4,217 | €71,000 | +€66,783 | +1583.8% |
| Accrued charges and deferred income | 492/3 | - | €41 | +€41 | |
| Non-recurring operating income | 76A | - | €9,452 | +€9,452 | |
| Remuneration, social security and pensions | 62 | €85,412 | €91,219 | +€5,807 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,695 | €5,047 | +€352 | +7.5% |
| Other operating charges | 640/8 | €1,116 | €844 | -€272 | -24.3% |
| Non-recurring operating charges | 66A | - | €20,165 | +€20,165 | |
| Gross operating margin | 9900 | €87,644 | €199,429 | +€111,785 | +127.5% |
| Operating profit (loss) | 9901 | -€3,580 | €82,154 | +€85,734 | |
| Financial income | 75/76B | €405 | €49 | -€356 | -88.0% |
| Recurring financial income | 75 | €405 | €49 | -€356 | -88.0% |
| Financial charges | 65/66B | €1,681 | €2,081 | +€399 | +23.7% |
| Recurring financial charges | 65 | €1,681 | €2,081 | +€399 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,856 | €80,122 | +€84,978 | |
| Income taxes | 67/77 | €152 | €8,304 | +€8,152 | +5353.4% |
| Profit (loss) for the period | 9904 | -€5,009 | €71,818 | +€76,827 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,009 | €71,818 | +€76,827 |
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 11 October 2026 via checked.be.