KORN FERRY (BE): 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 FERRY (BE)
NACE 70.200, Business and other management consultancy
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€2.3m
2025 · €2.3m-€73,155
Equity
€5.7m
2025 · €6.5m-€732,547
Cash
€8.6m
2025 · €7.4m+€1.1m
Balance sheet total
€23.9m
2025 · €22.3m+€1.6m
Largest movements
Assets
- Deferred charges and accrued income -€4.3m
down €4.3m (-95.3%), from €4.5m to €214,516
- Receivables within one year +€3.3m
up €3.3m (+36.0%), from €9.1m to €12.4m
of which Other amounts receivable: +€1.8m
- Receivables after one year +€1.5m
new in 2026: €1.5m
- Cash +€1.1m
up €1.1m (+15.1%), from €7.4m to €8.6m
mainly Deferred charges and accrued income (+€4.3m) and Net result for the year (+€2.3m)
Equity and liabilities
- Other debts +€954,373
up €954,373 (+36.0%), from €2.7m to €3.6m
- Tax, wage and social debts +€937,484
up €937,484 (+23.8%), from €3.9m to €4.9m
of which Remuneration and social security: +€817,786
- Profit (loss) carried forward -€732,547
down €732,547 (-96.9%), from €756,168 to €23,622
- Accrued charges and deferred income +€261,815
up €261,815 (+14.4%), from €1.8m to €2.1m
Income statement
- Turnover +€2.0m
up €2.0m (+8.3%), from €23.5m to €25.5m
- Staff costs +€1.4m
up €1.4m (+11.1%), from €13.0m to €14.5m
- Services and other goods +€991,839
up €991,839 (+12.8%), from €7.7m to €8.7m
From the 2025 result to the 2026 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 2025
€2.3m
Turnover
+€2.0m
Other operating income
+€149,237
Services and other goods
-€991,839
Staff costs
-€1.4m
Depreciation
-€4,971
Write-downs
-€14,325
Other operating charges
-€31,462
Other operating items
+€12,883
Financial income
+€55,495
Financial charges
+€34,582
Taxes
+€201,911
Result 2026
€2.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€4.2m
Investment
-€51,918
Financing
-€3.0m
Cash 2025
€7.4m
From operations (derived)
+€4.2m
Net result for the year
+€2.3m
Depreciation
+€163,543
Receivables after one year
-€1.5m
Stocks and contracts
-€149,043
Receivables within one year
-€3.3m
Deferred charges and accrued income
+€4.3m
Trade debts
-€19,111
Tax, wage and social debts
+€937,484
Advances received
+€234,245
Other debts
+€954,373
Accrued charges and deferred income
+€261,815
Investment (derived)
-€51,918
Investment in fixed assets (net)
-€51,918
Financing
-€3.0m
Debts after one year
-€0
Contributions, distributions and other
-€3.0m
Cash 2026
€8.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,313,556 | €23,949,815 | +€1.6m | +7.3% |
| Fixed assets | 21/28 | €734,942 | €623,317 | -€111,624 | -15.2% |
| Intangible fixed assets | 21 | €249 | €16,250 | +€16,001 | +6,433% |
| Tangible fixed assets | 22/27 | €718,176 | €590,551 | -€127,625 | -17.8% |
| Plant, machinery and equipment | 23 | €183,681 | €152,239 | -€31,442 | -17.1% |
| Furniture and vehicles | 24 | €94,722 | €79,205 | -€15,517 | -16.4% |
| Other tangible fixed assets | 26 | €439,774 | €359,107 | -€80,667 | -18.3% |
| Financial fixed assets | 28 | €16,517 | €16,517 | = | 0.0% |
| Affiliated companies | 280/1 | €2,917 | €2,917 | = | 0.0% |
| Participating interests | 280 | €2,917 | €2,917 | = | 0.0% |
| Other financial fixed assets | 284/8 | €13,600 | €13,600 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €13,600 | €13,600 | = | 0.0% |
| Current assets | 29/58 | €21,578,614 | €23,326,498 | +€1.7m | +8.1% |
| Amounts receivable after more than one year | 29 | - | €1,508,218 | +€1.5m | |
| Other amounts receivable | 291 | - | €1,508,218 | +€1.5m | |
| Stocks and contracts in progress | 3 | €521,845 | €670,888 | +€149,043 | +28.6% |
| Contracts in progress | 37 | €521,845 | €670,888 | +€149,043 | +28.6% |
| Amounts receivable within one year | 40/41 | €9,086,175 | €12,360,074 | +€3.3m | +36.0% |
| Trade receivables | 40 | €8,969,334 | €10,421,644 | +€1.5m | +16.2% |
| Other amounts receivable | 41 | €116,841 | €1,938,430 | +€1.8m | +1,559% |
| Cash at bank and in hand | 54/58 | €7,446,466 | €8,572,802 | +€1.1m | +15.1% |
| Deferred charges and accrued income | 490/1 | €4,524,128 | €214,516 | -€4.3m | -95.3% |
| Total equity and liabilities | 10/49 | €22,313,556 | €23,949,815 | +€1.6m | +7.3% |
| Equity | 10/15 | €6,458,706 | €5,726,160 | -€732,547 | -11.3% |
| Contributions | 10/11 | €5,679,580 | €5,679,580 | = | 0.0% |
| Reserves | 13 | €22,958 | €22,958 | = | 0.0% |
| Distributable reserves | 133 | €22,958 | €22,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | €756,168 | €23,622 | -€732,547 | -96.9% |
| Amounts payable | 17/49 | €15,854,849 | €18,223,655 | +€2.4m | +14.9% |
| Amounts payable after more than one year | 17 | €565,645 | €565,645 | -€0 | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Leasing and similar obligations | 172 | €0 | - | = | |
| Other amounts payable | 178/9 | €565,645 | €565,645 | -€0 | 0.0% |
| Amounts payable within one year | 42/48 | €13,473,227 | €15,580,218 | +€2.1m | +15.6% |
| Trade debts | 44 | €5,556,406 | €5,537,295 | -€19,111 | -0.3% |
| Suppliers | 440/4 | €5,556,406 | €5,537,295 | -€19,111 | -0.3% |
| Advances received on contracts in progress | 46 | €1,322,197 | €1,556,442 | +€234,245 | +17.7% |
| Taxes, remuneration and social security | 45 | €3,944,590 | €4,882,073 | +€937,484 | +23.8% |
| Taxes | 450/3 | €607,687 | €727,385 | +€119,698 | +19.7% |
| Remuneration and social security | 454/9 | €3,336,903 | €4,154,689 | +€817,786 | +24.5% |
| Other amounts payable | 47/48 | €2,650,034 | €3,604,407 | +€954,373 | +36.0% |
| Accrued charges and deferred income | 492/3 | €1,815,977 | €2,077,792 | +€261,815 | +14.4% |
| Operating income | 70/76A | €25,127,941 | €26,814,856 | +€1.7m | +6.7% |
| Turnover | 70 | €23,531,216 | €25,495,719 | +€2.0m | +8.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €438,810 | €11,985 | -€426,825 | -97.3% |
| Other operating income | 74 | €1,157,915 | €1,307,152 | +€149,237 | +12.9% |
| Operating charges | 60/66A | €21,671,917 | €23,723,975 | +€2.1m | +9.5% |
| Services and other goods | 61 | €7,732,187 | €8,724,026 | +€991,839 | +12.8% |
| Remuneration, social security and pensions | 62 | €13,030,610 | €14,479,779 | +€1.4m | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,572 | €163,543 | +€4,971 | +3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €46,973 | €61,298 | +€14,325 | +30.5% |
| Other operating charges | 640/8 | €263,867 | €295,330 | +€31,462 | +11.9% |
| Non-recurring operating charges | 66A | €439,707 | €0 | -€439,707 | -100% |
| Operating profit (loss) | 9901 | €3,456,024 | €3,090,881 | -€365,143 | -10.6% |
| Financial income | 75/76B | €35,686 | €91,181 | +€55,495 | +156% |
| Recurring financial income | 75 | €35,686 | €91,181 | +€55,495 | +156% |
| Income from financial fixed assets | 750 | €35,685 | €91,181 | +€55,496 | +156% |
| Other financial income | 752/9 | €1 | €0 | -€1 | -100% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €76,679 | €42,097 | -€34,582 | -45.1% |
| Recurring financial charges | 65 | €76,679 | €42,097 | -€34,582 | -45.1% |
| Other financial charges | 652/9 | €76,679 | €42,097 | -€34,582 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €3,415,031 | €3,139,965 | -€275,066 | -8.1% |
| Income taxes | 67/77 | €1,074,422 | €872,512 | -€201,911 | -18.8% |
| Taxes | 670/3 | €1,074,422 | €872,512 | -€201,911 | -18.8% |
| Profit (loss) for the period | 9904 | €2,340,609 | €2,267,453 | -€73,155 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,340,609 | €2,267,453 | -€73,155 | -3.1% |
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.