Kornatris: 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.
Kornatris
Largest movements
- Cash +€72,535
up €72,535 (+68.9%), from €105,217 to €177,752
mainly Net result for the year (+€135,183) and Other debts (+€86,364)
- Receivables within one year +€43,394
up €43,394 (+220%), from €19,681 to €63,074
of which Trade receivables: +€47,371
- Tangible fixed assets -€32,037
down €32,037 (-4.7%), from €683,154 to €651,117
of which Land and buildings: -€21,906
- Deferred charges and accrued income -€18,000
down €18,000 (-100%), from €18,000 to €0
- Other debts +€86,364
up €86,364 (+29.1%), from €297,161 to €383,525
- Debts after one year -€42,963
down €42,963 (-13.0%), from €329,967 to €287,005
- Tax, wage and social debts +€17,863
up €17,863 (+1,019%), from €1,753 to €19,616
- Gross operating margin +€8,072
up €8,072 (+3.6%), from €227,136 to €235,208
- Taxes +€6,618
up €6,618 (+19.7%), from €33,611 to €40,229
- Financial charges -€5,421
down €5,421 (-36.7%), from €14,781 to €9,360
- Depreciation +€4,197
up €4,197 (+13.8%), from €30,405 to €34,602
- Other operating charges -€3,733
down €3,733 (-19.1%), from €19,567 to €15,834
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 | €826,052 | €891,944 | +€65,892 | +8.0% |
| Fixed assets | 21/28 | €683,154 | €651,117 | -€32,037 | -4.7% |
| Tangible fixed assets | 22/27 | €683,154 | €651,117 | -€32,037 | -4.7% |
| Land and buildings | 22 | €620,497 | €598,592 | -€21,906 | -3.5% |
| Plant, machinery and equipment | 23 | €22,701 | €19,655 | -€3,046 | -13.4% |
| Furniture and vehicles | 24 | €39,212 | €32,871 | -€6,342 | -16.2% |
| Other tangible fixed assets | 26 | €743 | €0 | -€743 | -100% |
| Current assets | 29/58 | €142,898 | €240,827 | +€97,928 | +68.5% |
| Amounts receivable within one year | 40/41 | €19,681 | €63,074 | +€43,394 | +220% |
| Trade receivables | 40 | €14,789 | €62,160 | +€47,371 | +320% |
| Other amounts receivable | 41 | €4,892 | €914 | -€3,978 | -81.3% |
| Cash at bank and in hand | 54/58 | €105,217 | €177,752 | +€72,535 | +68.9% |
| Deferred charges and accrued income | 490/1 | €18,000 | €0 | -€18,000 | -100% |
| Total equity and liabilities | 10/49 | €826,052 | €891,944 | +€65,892 | +8.0% |
| Equity | 10/15 | €149,232 | €155,643 | +€6,411 | +4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,772 | €135,183 | +€6,411 | +5.0% |
| Amounts payable | 17/49 | €676,820 | €736,301 | +€59,481 | +8.8% |
| Amounts payable after more than one year | 17 | €329,967 | €287,005 | -€42,963 | -13.0% |
| Financial debts | 170/4 | €329,967 | €287,005 | -€42,963 | -13.0% |
| Amounts payable within one year | 42/48 | €346,853 | €449,297 | +€102,443 | +29.5% |
| Current portion of amounts payable after more than one year | 42 | €41,950 | €42,963 | +€1,013 | +2.4% |
| Trade debts | 44 | €5,989 | €3,193 | -€2,796 | -46.7% |
| Suppliers | 440/4 | €5,989 | €3,193 | -€2,796 | -46.7% |
| Taxes, remuneration and social security | 45 | €1,753 | €19,616 | +€17,863 | +1,019% |
| Taxes | 450/3 | €1,753 | €19,616 | +€17,863 | +1,019% |
| Other amounts payable | 47/48 | €297,161 | €383,525 | +€86,364 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,405 | €34,602 | +€4,197 | +13.8% |
| Other operating charges | 640/8 | €19,567 | €15,834 | -€3,733 | -19.1% |
| Gross operating margin | 9900 | €227,136 | €235,208 | +€8,072 | +3.6% |
| Operating profit (loss) | 9901 | €177,164 | €184,772 | +€7,608 | +4.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €14,781 | €9,360 | -€5,421 | -36.7% |
| Recurring financial charges | 65 | €14,781 | €9,360 | -€5,421 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €162,383 | €175,412 | +€13,029 | +8.0% |
| Income taxes | 67/77 | €33,611 | €40,229 | +€6,618 | +19.7% |
| Profit (loss) for the period | 9904 | €128,772 | €135,183 | +€6,411 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €128,772 | €135,183 | +€6,411 | +5.0% |
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 24 October 2026 via checked.be.