KORNEL: 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.
KORNEL
Largest movements
- Cash +€249,588
up €249,588 (+137%), from €181,676 to €431,265
mainly Other debts (+€258,713) and Net result for the year (+€130,436)
- Receivables within one year +€41,172
up €41,172 (+1.9%), from €2.1m to €2.2m
of which Other amounts receivable: +€84,829
- Other debts +€258,713
up €258,713 (+29.9%), from €866,181 to €1.1m
- Profit (loss) carried forward +€82,921
up €82,921 (+6.1%), from €1.4m to €1.4m
- Trade debts -€58,160
down €58,160 (-76.3%), from €76,205 to €18,046
- Gross operating margin -€235,770
down €235,770 (-66.3%), from €355,638 to €119,869
- Taxes -€45,180
down €45,180 (-61.8%), from €73,128 to €27,948
- Financial income -€24,824
down €24,824 (-24.6%), from €100,927 to €76,104
- Depreciation -€4,458
down €4,458 (-32.1%), from €13,909 to €9,451
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.
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.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,337,378 | €2,619,093 | +€281,715 | +12.1% |
| Fixed assets | 21/28 | €12,840 | €3,389 | -€9,451 | -73.6% |
| Tangible fixed assets | 22/27 | €12,840 | €3,389 | -€9,451 | -73.6% |
| Furniture and vehicles | 24 | €12,840 | €3,389 | -€9,451 | -73.6% |
| Current assets | 29/58 | €2,324,538 | €2,615,704 | +€291,166 | +12.5% |
| Amounts receivable within one year | 40/41 | €2,140,578 | €2,181,750 | +€41,172 | +1.9% |
| Trade receivables | 40 | €125,128 | €81,472 | -€43,657 | -34.9% |
| Other amounts receivable | 41 | €2,015,449 | €2,100,278 | +€84,829 | +4.2% |
| Cash at bank and in hand | 54/58 | €181,676 | €431,265 | +€249,588 | +137% |
| Deferred charges and accrued income | 490/1 | €2,284 | €2,690 | +€405 | +17.8% |
| Total equity and liabilities | 10/49 | €2,337,378 | €2,619,093 | +€281,715 | +12.1% |
| Equity | 10/15 | €1,370,513 | €1,453,434 | +€82,921 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,351,913 | €1,434,834 | +€82,921 | +6.1% |
| Amounts payable | 17/49 | €966,865 | €1,165,659 | +€198,794 | +20.6% |
| Amounts payable within one year | 42/48 | €966,865 | €1,165,659 | +€198,794 | +20.6% |
| Trade debts | 44 | €76,205 | €18,046 | -€58,160 | -76.3% |
| Suppliers | 440/4 | €76,205 | €18,046 | -€58,160 | -76.3% |
| Taxes, remuneration and social security | 45 | €24,478 | €22,719 | -€1,759 | -7.2% |
| Taxes | 450/3 | €24,478 | €22,719 | -€1,759 | -7.2% |
| Other amounts payable | 47/48 | €866,181 | €1,124,894 | +€258,713 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,909 | €9,451 | -€4,458 | -32.1% |
| Other operating charges | 640/8 | €2,111 | €2,171 | +€60 | +2.8% |
| Gross operating margin | 9900 | €355,638 | €119,869 | -€235,770 | -66.3% |
| Operating profit (loss) | 9901 | €339,619 | €108,247 | -€231,372 | -68.1% |
| Financial income | 75/76B | €100,927 | €76,104 | -€24,824 | -24.6% |
| Recurring financial income | 75 | €100,927 | €76,104 | -€24,824 | -24.6% |
| Financial charges | 65/66B | €26,195 | €25,967 | -€228 | -0.9% |
| Recurring financial charges | 65 | €26,195 | €25,967 | -€228 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €414,351 | €158,384 | -€255,967 | -61.8% |
| Income taxes | 67/77 | €73,128 | €27,948 | -€45,180 | -61.8% |
| Profit (loss) for the period | 9904 | €341,223 | €130,436 | -€210,787 | -61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €341,223 | €130,436 | -€210,787 | -61.8% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.