KORNÉL: what changed
KORNÉL
Largest movements
- Cash -€11,568
down €11,568 (-17.1%), from €67,505 to €55,937
mainly Contributions, distributions and other (-€35,200) and Net result for the year (-€23,210)
- Tangible fixed assets -€3,864
down €3,864 (-25.8%), from €14,983 to €11,119
of which Furniture and vehicles: -€3,122
- Stocks and contracts -€3,266
down €3,266 (-46.7%), from €6,991 to €3,725
- Reserves -€35,200
down €35,200 (-53.7%), from €65,509 to €30,309
- Other debts +€35,097
up €35,097 (+2,158%), from €1,626 to €36,723
- Profit (loss) carried forward -€23,210
down €23,210 (-331%), from -€7,010 to -€30,220
- Trade debts +€3,597
up €3,597 (+200%), from €1,794 to €5,391
- Tax, wage and social debts +€2,628
up €2,628 (+60.2%), from €4,364 to €6,993
of which Remuneration and social security: +€3,530
- Staff costs +€12,556
up €12,556 (+33.0%), from €38,028 to €50,584
- Gross operating margin -€1,781
down €1,781 (-4.7%), from €37,713 to €35,932
- Financial charges -€1,137
down €1,137 (-30.2%), from €3,770 to €2,633
- Financial income +€577
up €577 (+943%), from €61 to €638
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,911 | €79,196 | -€17,716 | -18.3% |
| Fixed assets | 21/28 | €19,483 | €15,672 | -€3,811 | -19.6% |
| Tangible fixed assets | 22/27 | €14,983 | €11,119 | -€3,864 | -25.8% |
| Plant, machinery and equipment | 23 | €1,090 | €1,368 | +€277 | +25.4% |
| Furniture and vehicles | 24 | €10,643 | €7,521 | -€3,122 | -29.3% |
| Other tangible fixed assets | 26 | €3,250 | €2,231 | -€1,019 | -31.3% |
| Financial fixed assets | 28 | €4,500 | €4,553 | +€53 | +1.2% |
| Current assets | 29/58 | €77,429 | €63,524 | -€13,905 | -18.0% |
| Stocks and contracts in progress | 3 | €6,991 | €3,725 | -€3,266 | -46.7% |
| Stocks | 30/36 | €6,991 | €3,725 | -€3,266 | -46.7% |
| Amounts receivable within one year | 40/41 | €2,244 | €2,728 | +€484 | +21.6% |
| Trade receivables | 40 | €44 | €130 | +€86 | +195% |
| Other amounts receivable | 41 | €2,200 | €2,598 | +€398 | +18.1% |
| Cash at bank and in hand | 54/58 | €67,505 | €55,937 | -€11,568 | -17.1% |
| Deferred charges and accrued income | 490/1 | €688 | €1,133 | +€445 | +64.6% |
| Total equity and liabilities | 10/49 | €96,911 | €79,196 | -€17,716 | -18.3% |
| Equity | 10/15 | €88,499 | €30,089 | -€58,410 | -66.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €65,509 | €30,309 | -€35,200 | -53.7% |
| Distributable reserves | 133 | €65,509 | €30,309 | -€35,200 | -53.7% |
| Profit (loss) carried forward | 14 | -€7,010 | -€30,220 | -€23,210 | -331% |
| Amounts payable | 17/49 | €8,412 | €49,107 | +€40,694 | +484% |
| Amounts payable within one year | 42/48 | €8,412 | €49,107 | +€40,694 | +484% |
| Current portion of amounts payable after more than one year | 42 | €628 | - | -€628 | |
| Trade debts | 44 | €1,794 | €5,391 | +€3,597 | +200% |
| Suppliers | 440/4 | €1,794 | €5,391 | +€3,597 | +200% |
| Taxes, remuneration and social security | 45 | €4,364 | €6,993 | +€2,628 | +60.2% |
| Taxes | 450/3 | €4,364 | €3,463 | -€902 | -20.7% |
| Remuneration and social security | 454/9 | - | €3,530 | +€3,530 | |
| Other amounts payable | 47/48 | €1,626 | €36,723 | +€35,097 | +2,158% |
| Remuneration, social security and pensions | 62 | €38,028 | €50,584 | +€12,556 | +33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,864 | €5,175 | +€310 | +6.4% |
| Other operating charges | 640/8 | €1,367 | €1,388 | +€21 | +1.5% |
| Gross operating margin | 9900 | €37,713 | €35,932 | -€1,781 | -4.7% |
| Operating profit (loss) | 9901 | -€6,546 | -€21,215 | -€14,668 | -224% |
| Financial income | 75/76B | €61 | €638 | +€577 | +943% |
| Recurring financial income | 75 | €61 | €638 | +€577 | +943% |
| Financial charges | 65/66B | €3,770 | €2,633 | -€1,137 | -30.2% |
| Recurring financial charges | 65 | €3,770 | €2,633 | -€1,137 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,255 | -€23,210 | -€12,955 | -126% |
| Profit (loss) for the period | 9904 | -€10,255 | -€23,210 | -€12,955 | -126% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,255 | -€23,210 | -€12,955 | -126% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.