KORENBLOK: 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.
KORENBLOK
Largest movements
- Stocks and contracts -€14,188
down €14,188 (-5.0%), from €285,748 to €271,560
- Receivables within one year +€14,140
up €14,140 (+23.4%), from €60,492 to €74,632
of which Trade receivables: +€11,726
- Short-term financial debts -€12,864
no longer reported in 2025 (was €12,864)
- Profit (loss) carried forward +€11,317
up €11,317 (+8.9%), from -€126,462 to -€115,145
- Taxes +€3,502
new in 2025: €3,502
- Gross operating margin +€808
up €808 (+3.5%), from €23,367 to €24,175
- Depreciation -€712
down €712 (-9.3%), from €7,681 to €6,969
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 | €744,553 | €749,252 | +€4,699 | +0.6% |
| Fixed assets | 21/28 | €398,292 | €401,973 | +€3,681 | +0.9% |
| Tangible fixed assets | 22/27 | €398,292 | €401,973 | +€3,681 | +0.9% |
| Land and buildings | 22 | €380,413 | €380,413 | = | 0.0% |
| Plant, machinery and equipment | 23 | €13,011 | €18,212 | +€5,201 | +40.0% |
| Furniture and vehicles | 24 | €4,868 | €3,348 | -€1,520 | -31.2% |
| Current assets | 29/58 | €346,261 | €347,279 | +€1,018 | +0.3% |
| Stocks and contracts in progress | 3 | €285,748 | €271,560 | -€14,188 | -5.0% |
| Stocks | 30/36 | €285,748 | €271,560 | -€14,188 | -5.0% |
| Amounts receivable within one year | 40/41 | €60,492 | €74,632 | +€14,140 | +23.4% |
| Trade receivables | 40 | €60,061 | €71,788 | +€11,726 | +19.5% |
| Other amounts receivable | 41 | €430 | €2,844 | +€2,414 | +561.0% |
| Cash at bank and in hand | 54/58 | - | €222 | +€222 | |
| Deferred charges and accrued income | 490/1 | €22 | €866 | +€844 | +3917.1% |
| Total equity and liabilities | 10/49 | €744,553 | €749,252 | +€4,699 | +0.6% |
| Equity | 10/15 | €166,277 | €177,593 | +€11,317 | +6.8% |
| Contributions | 10/11 | €239,217 | €239,217 | = | 0.0% |
| Reserves | 13 | €53,521 | €53,521 | = | 0.0% |
| Non-distributable reserves | 130/1 | €49,579 | €49,579 | = | 0.0% |
| Reserves not available under the articles | 1311 | €49,579 | €49,579 | = | 0.0% |
| Distributable reserves | 133 | €3,942 | €3,942 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,462 | -€115,145 | +€11,317 | +8.9% |
| Amounts payable | 17/49 | €578,276 | €571,659 | -€6,618 | -1.1% |
| Amounts payable after more than one year | 17 | €115,254 | €115,254 | = | 0.0% |
| Financial debts | 170/4 | €115,254 | €115,254 | = | 0.0% |
| Amounts payable within one year | 42/48 | €463,022 | €456,404 | -€6,618 | -1.4% |
| Financial debts | 43 | €12,864 | - | -€12,864 | |
| Credit institutions | 430/8 | €12,864 | - | -€12,864 | |
| Trade debts | 44 | €28,939 | €26,452 | -€2,486 | -8.6% |
| Suppliers | 440/4 | €28,939 | €26,452 | -€2,486 | -8.6% |
| Taxes, remuneration and social security | 45 | - | €3,502 | +€3,502 | |
| Taxes | 450/3 | - | €3,502 | +€3,502 | |
| Other amounts payable | 47/48 | €421,220 | €426,450 | +€5,230 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,681 | €6,969 | -€712 | -9.3% |
| Other operating charges | 640/8 | €1,118 | €1,320 | +€203 | +18.1% |
| Gross operating margin | 9900 | €23,367 | €24,175 | +€808 | +3.5% |
| Operating profit (loss) | 9901 | €14,569 | €15,886 | +€1,317 | +9.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,249 | €1,068 | -€182 | -14.5% |
| Recurring financial charges | 65 | €1,249 | €1,068 | -€182 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €13,320 | €14,818 | +€1,499 | +11.3% |
| Income taxes | 67/77 | - | €3,502 | +€3,502 | |
| Profit (loss) for the period | 9904 | €13,320 | €11,317 | -€2,003 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,320 | €11,317 | -€2,003 | -15.0% |
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 10 October 2026 via checked.be.