Korenlei 1: 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.
Korenlei 1
Largest movements
- Deferred charges and accrued income +€101,831
up €101,831 (+7,001%), from €1,455 to €103,286
- Tangible fixed assets -€35,426
down €35,426 (-37.4%), from €94,660 to €59,234
of which Other tangible fixed assets: -€42,932
- Receivables within one year +€26,810
up €26,810 (+73.0%), from €36,713 to €63,523
of which Trade receivables: +€26,029
- Cash +€5,126
up €5,126 (+51.6%), from €9,939 to €15,065
- Intangible fixed assets +€4,990
new in 2025: €4,990
- Other debts -€127,568
down €127,568 (-81.5%), from €156,448 to €28,880
- Contributions +€100,000
up €100,000 (+538%), from €18,600 to €118,600
- Trade debts +€86,854
up €86,854 (+248%), from €35,072 to €121,926
- Profit (loss) carried forward +€23,999
up €23,999 (+21.0%), from -€114,466 to -€90,466
- Advances received +€17,546
up €17,546 (+1,138%), from €1,542 to €19,088
- Gross operating margin +€222,137
up €222,137 (+133%), from €166,506 to €388,643
- Staff costs +€149,421
up €149,421 (+95.3%), from €156,814 to €306,235
- Depreciation +€19,882
up €19,882 (+75.1%), from €26,471 to €46,353
- Other operating charges +€5,675
up €5,675 (+97.6%), from €5,812 to €11,487
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,800 | €250,105 | +€101,305 | +68.1% |
| Fixed assets | 21/28 | €94,660 | €64,224 | -€30,436 | -32.2% |
| Intangible fixed assets | 21 | - | €4,990 | +€4,990 | |
| Tangible fixed assets | 22/27 | €94,660 | €59,234 | -€35,426 | -37.4% |
| Plant, machinery and equipment | 23 | €777 | €0 | -€777 | -100% |
| Furniture and vehicles | 24 | €4,855 | €13,138 | +€8,283 | +171% |
| Other tangible fixed assets | 26 | €89,028 | €46,096 | -€42,932 | -48.2% |
| Current assets | 29/58 | €54,140 | €185,882 | +€131,741 | +243% |
| Stocks and contracts in progress | 3 | €6,033 | €4,008 | -€2,026 | -33.6% |
| Stocks | 30/36 | €6,033 | €4,008 | -€2,026 | -33.6% |
| Amounts receivable within one year | 40/41 | €36,713 | €63,523 | +€26,810 | +73.0% |
| Trade receivables | 40 | €36,659 | €62,689 | +€26,029 | +71.0% |
| Other amounts receivable | 41 | €54 | €835 | +€781 | +1,445% |
| Cash at bank and in hand | 54/58 | €9,939 | €15,065 | +€5,126 | +51.6% |
| Deferred charges and accrued income | 490/1 | €1,455 | €103,286 | +€101,831 | +7,001% |
| Total equity and liabilities | 10/49 | €148,800 | €250,105 | +€101,305 | +68.1% |
| Equity | 10/15 | -€95,866 | €28,134 | +€123,999 | |
| Contributions | 10/11 | €18,600 | €118,600 | +€100,000 | +538% |
| Profit (loss) carried forward | 14 | -€114,466 | -€90,466 | +€23,999 | +21.0% |
| Amounts payable | 17/49 | €244,666 | €221,972 | -€22,694 | -9.3% |
| Amounts payable within one year | 42/48 | €244,666 | €221,972 | -€22,694 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €1,523 | €3,229 | +€1,706 | +112% |
| Credit institutions | 430/8 | €1,523 | €3,229 | +€1,706 | +112% |
| Trade debts | 44 | €35,072 | €121,926 | +€86,854 | +248% |
| Suppliers | 440/4 | €35,072 | €121,926 | +€86,854 | +248% |
| Advances received on contracts in progress | 46 | €1,542 | €19,088 | +€17,546 | +1,138% |
| Taxes, remuneration and social security | 45 | €50,082 | €48,850 | -€1,232 | -2.5% |
| Taxes | 450/3 | €20,456 | €24,595 | +€4,139 | +20.2% |
| Remuneration and social security | 454/9 | €29,626 | €24,254 | -€5,371 | -18.1% |
| Other amounts payable | 47/48 | €156,448 | €28,880 | -€127,568 | -81.5% |
| Remuneration, social security and pensions | 62 | €156,814 | €306,235 | +€149,421 | +95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,471 | €46,353 | +€19,882 | +75.1% |
| Other operating charges | 640/8 | €5,812 | €11,487 | +€5,675 | +97.6% |
| Gross operating margin | 9900 | €166,506 | €388,643 | +€222,137 | +133% |
| Operating profit (loss) | 9901 | -€22,590 | €24,567 | +€47,158 | |
| Financial income | 75/76B | €10 | €12 | +€2 | +22.6% |
| Recurring financial income | 75 | €10 | €12 | +€2 | +22.6% |
| Financial charges | 65/66B | €1,731 | €474 | -€1,258 | -72.6% |
| Recurring financial charges | 65 | €1,731 | €474 | -€1,258 | -72.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,312 | €24,106 | +€48,418 | |
| Income taxes | 67/77 | - | €107 | +€107 | |
| Profit (loss) for the period | 9904 | -€24,312 | €23,999 | +€48,311 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,312 | €23,999 | +€48,311 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.