KORN ENTERPRISES: 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.
What changed
KORN ENTERPRISES
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€204,869
2023 · €125,826-€330,695
Equity
-€47,098
2023 · €157,771-€204,869
Cash
€1,147
2023 · €2,748-€1,601
Balance sheet total
€2.2m
2023 · €2.4m-€168,296
Largest movements
Assets
- Receivables within one year -€95,150
down €95,150 (-19.3%), from €494,278 to €399,129
of which Trade receivables: -€94,150
- Stocks and contracts -€68,513
down €68,513 (-3.7%), from €1.9m to €1.8m
Equity and liabilities
- Profit (loss) carried forward -€204,869
down €204,869 (-4,574%), from -€4,479 to -€209,348
- Other debts +€124,387
up €124,387 (+7.7%), from €1.6m to €1.7m
- Trade debts -€84,112
down €84,112 (-16.0%), from €524,098 to €439,987
Income statement
- Gross operating margin -€377,000
down €377,000, from €218,847 to -€158,153
- Staff costs -€3,106
down €3,106 (-8.0%), from €38,991 to €35,885
From the 2023 result to the 2024 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.
Result 2023
€125,826
Gross operating margin
-€377,000
Staff costs
+€3,106
Other operating charges
+€2,075
Other operating items
+€41,676
Financial income
+€629
Financial charges
-€739
Taxes
-€441
Result 2024
-€204,869
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€1,601
Investment
€0
Financing
€0
Cash 2023
€2,748
From operations (derived)
-€1,601
Net result for the year
-€204,869
Depreciation
+€2,949
Stocks and contracts
+€68,513
Receivables within one year
+€95,150
Deferred charges and accrued income
+€83
Trade debts
-€84,112
Tax, wage and social debts
-€3,703
Other debts
+€124,387
Cash 2024
€1,147
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,366,389 | €2,198,093 | -€168,296 | -7.1% |
| Fixed assets | 21/28 | €6,651 | €3,702 | -€2,949 | -44.3% |
| Tangible fixed assets | 22/27 | €6,451 | €3,502 | -€2,949 | -45.7% |
| Plant, machinery and equipment | 23 | €138 | €69 | -€69 | -50.0% |
| Furniture and vehicles | 24 | €6,313 | €3,433 | -€2,880 | -45.6% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €2,359,738 | €2,194,391 | -€165,347 | -7.0% |
| Stocks and contracts in progress | 3 | €1,858,167 | €1,789,654 | -€68,513 | -3.7% |
| Stocks | 30/36 | €1,858,167 | €1,789,654 | -€68,513 | -3.7% |
| Amounts receivable within one year | 40/41 | €494,278 | €399,129 | -€95,150 | -19.3% |
| Trade receivables | 40 | €493,278 | €399,129 | -€94,150 | -19.1% |
| Other amounts receivable | 41 | €1,000 | - | -€1,000 | |
| Current investments | 50/53 | €4,462 | €4,462 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,748 | €1,147 | -€1,601 | -58.3% |
| Deferred charges and accrued income | 490/1 | €83 | - | -€83 | |
| Total equity and liabilities | 10/49 | €2,366,389 | €2,198,093 | -€168,296 | -7.1% |
| Equity | 10/15 | €157,771 | -€47,098 | -€204,869 | |
| Contributions | 10/11 | €147,500 | €147,500 | = | 0.0% |
| Reserves | 13 | €14,750 | €14,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,750 | €14,750 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,750 | €14,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,479 | -€209,348 | -€204,869 | -4,574% |
| Amounts payable | 17/49 | €2,208,619 | €2,245,191 | +€36,573 | +1.7% |
| Amounts payable within one year | 42/48 | €2,208,619 | €2,245,191 | +€36,573 | +1.7% |
| Trade debts | 44 | €524,098 | €439,987 | -€84,112 | -16.0% |
| Suppliers | 440/4 | €524,098 | €439,987 | -€84,112 | -16.0% |
| Taxes, remuneration and social security | 45 | €75,215 | €71,512 | -€3,703 | -4.9% |
| Taxes | 450/3 | €35,403 | €24,531 | -€10,873 | -30.7% |
| Remuneration and social security | 454/9 | €39,812 | €46,981 | +€7,169 | +18.0% |
| Other amounts payable | 47/48 | €1,609,305 | €1,733,692 | +€124,387 | +7.7% |
| Remuneration, social security and pensions | 62 | €38,991 | €35,885 | -€3,106 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,949 | €2,949 | = | 0.0% |
| Other operating charges | 640/8 | €4,801 | €2,726 | -€2,075 | -43.2% |
| Non-recurring operating charges | 66A | €41,676 | - | -€41,676 | |
| Gross operating margin | 9900 | €218,847 | -€158,153 | -€377,000 | |
| Operating profit (loss) | 9901 | €130,430 | -€199,713 | -€330,143 | |
| Financial income | 75/76B | €99 | €727 | +€629 | +637% |
| Recurring financial income | 75 | €99 | €727 | +€629 | +637% |
| Financial charges | 65/66B | €2,942 | €3,681 | +€739 | +25.1% |
| Recurring financial charges | 65 | €2,942 | €3,681 | +€739 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €127,586 | -€202,668 | -€330,254 | |
| Income taxes | 67/77 | €1,760 | €2,201 | +€441 | +25.1% |
| Profit (loss) for the period | 9904 | €125,826 | -€204,869 | -€330,695 | |
| Profit (loss) for the period to be appropriated | 9905 | €125,826 | -€204,869 | -€330,695 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.