Korenschoven: 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.
Korenschoven
Largest movements
- Cash -€16,165
down €16,165 (-71.0%), from €22,781 to €6,616
mainly Investment in fixed assets (net) (-€22,719) and Current portion of long-term debt (-€8,493)
- Receivables within one year +€5,665
up €5,665 (+15.8%), from €35,863 to €41,528
of which Trade receivables: +€3,871
- Tangible fixed assets +€5,628
up €5,628 (+10.8%), from €51,974 to €57,602
of which Furniture and vehicles: +€4,237
- Trade debts +€11,842
up €11,842 (+2,485%), from €477 to €12,319
- Current portion of long-term debt -€8,493
down €8,493 (-57.7%), from €14,722 to €6,230
- Debts after one year -€6,230
down €6,230 (-100%), from €6,230 to €0
- Tax, wage and social debts -€1,897
down €1,897 (-18.1%), from €10,469 to €8,571
- Gross operating margin -€25,018
down €25,018 (-56.5%), from €44,303 to €19,285
- Taxes -€4,889
down €4,889 (-84.3%), from €5,802 to €913
- Depreciation +€2,112
up €2,112 (+13.9%), from €15,219 to €17,331
- Other operating charges -€816
down €816 (-48.1%), from €1,695 to €879
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 | €111,748 | €106,634 | -€5,114 | -4.6% |
| Formation expenses | 20 | €480 | €240 | -€240 | -50.0% |
| Fixed assets | 21/28 | €51,974 | €57,602 | +€5,628 | +10.8% |
| Tangible fixed assets | 22/27 | €51,974 | €57,602 | +€5,628 | +10.8% |
| Land and buildings | 22 | €19,032 | €21,015 | +€1,983 | +10.4% |
| Plant, machinery and equipment | 23 | €2,199 | €1,607 | -€592 | -26.9% |
| Furniture and vehicles | 24 | €30,743 | €34,980 | +€4,237 | +13.8% |
| Current assets | 29/58 | €59,295 | €48,793 | -€10,502 | -17.7% |
| Amounts receivable within one year | 40/41 | €35,863 | €41,528 | +€5,665 | +15.8% |
| Trade receivables | 40 | €32,477 | €36,348 | +€3,871 | +11.9% |
| Other amounts receivable | 41 | €3,386 | €5,180 | +€1,794 | +53.0% |
| Cash at bank and in hand | 54/58 | €22,781 | €6,616 | -€16,165 | -71.0% |
| Deferred charges and accrued income | 490/1 | €651 | €648 | -€2 | -0.4% |
| Total equity and liabilities | 10/49 | €111,748 | €106,634 | -€5,114 | -4.6% |
| Equity | 10/15 | €79,851 | €79,515 | -€337 | -0.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,351 | €3,015 | -€337 | -10.0% |
| Amounts payable | 17/49 | €31,897 | €27,120 | -€4,778 | -15.0% |
| Amounts payable after more than one year | 17 | €6,230 | €0 | -€6,230 | -100% |
| Financial debts | 170/4 | €6,230 | €0 | -€6,230 | -100% |
| Amounts payable within one year | 42/48 | €25,667 | €27,120 | +€1,452 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €14,722 | €6,230 | -€8,493 | -57.7% |
| Trade debts | 44 | €477 | €12,319 | +€11,842 | +2,485% |
| Suppliers | 440/4 | €477 | €12,319 | +€11,842 | +2,485% |
| Taxes, remuneration and social security | 45 | €10,469 | €8,571 | -€1,897 | -18.1% |
| Taxes | 450/3 | €10,469 | €8,571 | -€1,897 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,219 | €17,331 | +€2,112 | +13.9% |
| Other operating charges | 640/8 | €1,695 | €879 | -€816 | -48.1% |
| Gross operating margin | 9900 | €44,303 | €19,285 | -€25,018 | -56.5% |
| Operating profit (loss) | 9901 | €27,389 | €1,075 | -€26,315 | -96.1% |
| Financial income | 75/76B | €4 | €1 | -€3 | -77.1% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -77.1% |
| Financial charges | 65/66B | €887 | €499 | -€388 | -43.7% |
| Recurring financial charges | 65 | €887 | €499 | -€388 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | €26,506 | €576 | -€25,930 | -97.8% |
| Income taxes | 67/77 | €5,802 | €913 | -€4,889 | -84.3% |
| Profit (loss) for the period | 9904 | €20,704 | -€337 | -€21,041 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,704 | -€337 | -€21,041 |
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 20 October 2026 via checked.be.