KORMONT: what changed
Two fiscal 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.
KORMONT
Largest movements
- Cash -€90,074
down €90,074 (-83.8%), from €107,487 to €17,414
mainly Current investments (-€75,000) and Investment in fixed assets (net) (-€38,341)
- Current investments +€75,000
new in 2025: €75,000
- Receivables within one year +€37,629
up €37,629 (+230.0%), from €16,364 to €53,993
of which Trade receivables: +€35,514
- Deferred charges and accrued income -€34,991
down €34,991 (-99.4%), from €35,205 to €215
- Tangible fixed assets +€31,609
up €31,609 (+252.5%), from €12,519 to €44,128
- Trade debts +€22,976
up €22,976 (+1077.4%), from €2,133 to €25,109
- Tax, wage and social debts -€22,471
down €22,471 (-87.0%), from €25,836 to €3,365
- Profit (loss) carried forward +€15,997
up €15,997 (+11.4%), from €140,031 to €156,028
- Other debts +€2,671
up €2,671 (+169.5%), from €1,576 to €4,247
- Gross operating margin -€91,047
down €91,047 (-77.3%), from €117,825 to €26,779
- Taxes -€20,558
down €20,558 (-85.9%), from €23,923 to €3,365
- Depreciation +€5,344
up €5,344 (+385.0%), from €1,388 to €6,732
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 | €171,575 | €190,749 | +€19,174 | +11.2% |
| Fixed assets | 21/28 | €12,519 | €44,128 | +€31,609 | +252.5% |
| Tangible fixed assets | 22/27 | €12,519 | €44,128 | +€31,609 | +252.5% |
| Plant, machinery and equipment | 23 | €12,519 | €44,128 | +€31,609 | +252.5% |
| Current assets | 29/58 | €159,056 | €146,621 | -€12,435 | -7.8% |
| Amounts receivable within one year | 40/41 | €16,364 | €53,993 | +€37,629 | +230.0% |
| Trade receivables | 40 | €2,589 | €38,103 | +€35,514 | +1371.5% |
| Other amounts receivable | 41 | €13,774 | €15,890 | +€2,116 | +15.4% |
| Current investments | 50/53 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €107,487 | €17,414 | -€90,074 | -83.8% |
| Deferred charges and accrued income | 490/1 | €35,205 | €215 | -€34,991 | -99.4% |
| Total equity and liabilities | 10/49 | €171,575 | €190,749 | +€19,174 | +11.2% |
| Equity | 10/15 | €142,031 | €158,028 | +€15,997 | +11.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,031 | €156,028 | +€15,997 | +11.4% |
| Amounts payable | 17/49 | €29,544 | €32,720 | +€3,176 | +10.8% |
| Amounts payable within one year | 42/48 | €29,544 | €32,720 | +€3,176 | +10.8% |
| Trade debts | 44 | €2,133 | €25,109 | +€22,976 | +1077.4% |
| Suppliers | 440/4 | €2,133 | €25,109 | +€22,976 | +1077.4% |
| Taxes, remuneration and social security | 45 | €25,836 | €3,365 | -€22,471 | -87.0% |
| Taxes | 450/3 | €25,836 | €3,365 | -€22,471 | -87.0% |
| Other amounts payable | 47/48 | €1,576 | €4,247 | +€2,671 | +169.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,388 | €6,732 | +€5,344 | +385.0% |
| Other operating charges | 640/8 | €592 | €610 | +€18 | +3.0% |
| Gross operating margin | 9900 | €117,825 | €26,779 | -€91,047 | -77.3% |
| Operating profit (loss) | 9901 | €115,846 | €19,438 | -€96,408 | -83.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €74 | €76 | +€2 | +2.7% |
| Recurring financial charges | 65 | €74 | €76 | +€2 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €115,773 | €19,362 | -€96,410 | -83.3% |
| Income taxes | 67/77 | €23,923 | €3,365 | -€20,558 | -85.9% |
| Profit (loss) for the period | 9904 | €91,849 | €15,997 | -€75,852 | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €91,849 | €15,997 | -€75,852 | -82.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.