Korenmarkt Gent: 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.
Korenmarkt Gent
Largest movements
- Intangible fixed assets +€139,947
up €139,947 (+3,161%), from €4,427 to €144,374
- Cash -€41,883
down €41,883 (-83.0%), from €50,480 to €8,597
mainly Investment in fixed assets (net) (-€167,969) and Net result for the year (-€43,484)
- Tangible fixed assets -€13,416
down €13,416 (-18.6%), from €71,949 to €58,533
- Financial fixed assets +€10,500
new in 2025: €10,500
- Receivables within one year -€5,057
down €5,057 (-22.7%), from €22,256 to €17,199
of which Trade receivables: -€7,517
- Trade debts +€100,144
up €100,144 (+459%), from €21,836 to €121,980
- Profit (loss) carried forward -€43,484
down €43,484 (-40.1%), from €108,449 to €64,965
- Other debts +€19,577
up €19,577 (+464%), from €4,218 to €23,795
- Tax, wage and social debts +€14,107
up €14,107 (+80.1%), from €17,614 to €31,720
of which Remuneration and social security: +€15,111
- Gross operating margin -€49,831
down €49,831 (-28.8%), from €173,081 to €123,250
- Staff costs +€37,889
up €37,889 (+39.4%), from €96,045 to €133,934
- Taxes -€12,324
no longer reported in 2025 (was €12,324)
- Depreciation +€9,731
up €9,731 (+45.9%), from €21,207 to €30,938
- Financial income +€1,987
new in 2025: €1,987
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 | €152,182 | €242,526 | +€90,343 | +59.4% |
| Fixed assets | 21/28 | €76,377 | €213,407 | +€137,030 | +179% |
| Intangible fixed assets | 21 | €4,427 | €144,374 | +€139,947 | +3,161% |
| Tangible fixed assets | 22/27 | €71,949 | €58,533 | -€13,416 | -18.6% |
| Plant, machinery and equipment | 23 | €31,778 | €25,161 | -€6,617 | -20.8% |
| Furniture and vehicles | 24 | €5,211 | €2,545 | -€2,667 | -51.2% |
| Other tangible fixed assets | 26 | €34,960 | €30,827 | -€4,133 | -11.8% |
| Financial fixed assets | 28 | - | €10,500 | +€10,500 | |
| Current assets | 29/58 | €75,806 | €29,118 | -€46,687 | -61.6% |
| Stocks and contracts in progress | 3 | €2,740 | €3,080 | +€340 | +12.4% |
| Stocks | 30/36 | €2,740 | €3,080 | +€340 | +12.4% |
| Amounts receivable within one year | 40/41 | €22,256 | €17,199 | -€5,057 | -22.7% |
| Trade receivables | 40 | €22,256 | €14,739 | -€7,517 | -33.8% |
| Other amounts receivable | 41 | - | €2,460 | +€2,460 | |
| Cash at bank and in hand | 54/58 | €50,480 | €8,597 | -€41,883 | -83.0% |
| Deferred charges and accrued income | 490/1 | €329 | €243 | -€87 | -26.3% |
| Total equity and liabilities | 10/49 | €152,182 | €242,526 | +€90,343 | +59.4% |
| Equity | 10/15 | €108,449 | €64,965 | -€43,484 | -40.1% |
| Profit (loss) carried forward | 14 | €108,449 | €64,965 | -€43,484 | -40.1% |
| Amounts payable | 17/49 | €43,733 | €177,561 | +€133,828 | +306% |
| Amounts payable within one year | 42/48 | €43,733 | €177,561 | +€133,828 | +306% |
| Trade debts | 44 | €21,836 | €121,980 | +€100,144 | +459% |
| Suppliers | 440/4 | €21,836 | €121,980 | +€100,144 | +459% |
| Advances received on contracts in progress | 46 | €65 | €65 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €17,614 | €31,720 | +€14,107 | +80.1% |
| Taxes | 450/3 | €17,614 | €16,609 | -€1,004 | -5.7% |
| Remuneration and social security | 454/9 | - | €15,111 | +€15,111 | |
| Other amounts payable | 47/48 | €4,218 | €23,795 | +€19,577 | +464% |
| Remuneration, social security and pensions | 62 | €96,045 | €133,934 | +€37,889 | +39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,207 | €30,938 | +€9,731 | +45.9% |
| Other operating charges | 640/8 | €4,274 | €3,530 | -€744 | -17.4% |
| Gross operating margin | 9900 | €173,081 | €123,250 | -€49,831 | -28.8% |
| Operating profit (loss) | 9901 | €51,555 | -€45,152 | -€96,708 | |
| Financial income | 75/76B | - | €1,987 | +€1,987 | |
| Recurring financial income | 75 | - | €1,987 | +€1,987 | |
| Financial charges | 65/66B | €209 | €319 | +€109 | +52.2% |
| Recurring financial charges | 65 | €209 | €319 | +€109 | +52.2% |
| Profit (loss) for the period before taxes | 9903 | €51,346 | -€43,484 | -€94,830 | |
| Income taxes | 67/77 | €12,324 | - | -€12,324 | |
| Profit (loss) for the period | 9904 | €39,022 | -€43,484 | -€82,506 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,022 | -€43,484 | -€82,506 |
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 31 October 2026 via checked.be.