Kornukopia: 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.
Kornukopia
Largest movements
- Receivables within one year +€60,389
up €60,389 (+82.6%), from €73,072 to €133,462
of which Other amounts receivable: +€57,011
- Current investments +€35,000
up €35,000 (+70.0%), from €50,000 to €85,000
- Cash -€29,040
down €29,040 (-7.2%), from €400,902 to €371,863
mainly Receivables within one year (-€60,389) and Contributions, distributions and other (-€42,500)
- Tangible fixed assets -€24,980
down €24,980 (-10.4%), from €239,106 to €214,126
of which Furniture and vehicles: -€15,250
- Reserves +€55,500
up €55,500 (+20.7%), from €268,385 to €323,885
of which Distributable reserves: +€55,500
- Debts after one year -€23,576
down €23,576 (-13.3%), from €177,804 to €154,228
- Tax, wage and social debts +€20,150
up €20,150 (+137%), from €14,699 to €34,849
of which Taxes: +€20,071
- Advances received -€17,701
down €17,701 (-9.1%), from €194,780 to €177,079
- Gross operating margin +€60,818
up €60,818 (+46.3%), from €131,492 to €192,310
- Taxes +€15,538
up €15,538 (+60.0%), from €25,894 to €41,432
- Write-downs -€12,584
new in 2025: -€12,584
- Other operating charges +€11,930
up €11,930 (+308%), from €3,880 to €15,810
- Depreciation +€9,587
up €9,587 (+57.2%), from €16,772 to €26,359
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 | €823,706 | €862,136 | +€38,430 | +4.7% |
| Fixed assets | 21/28 | €239,106 | €214,126 | -€24,980 | -10.4% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €239,106 | €214,126 | -€24,980 | -10.4% |
| Land and buildings | 22 | €162,000 | €153,681 | -€8,319 | -5.1% |
| Plant, machinery and equipment | 23 | €1,680 | €1,258 | -€421 | -25.1% |
| Furniture and vehicles | 24 | €73,447 | €58,197 | -€15,250 | -20.8% |
| Other tangible fixed assets | 26 | €1,980 | €990 | -€990 | -50.0% |
| Current assets | 29/58 | €584,600 | €648,010 | +€63,410 | +10.8% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,072 | €133,462 | +€60,389 | +82.6% |
| Trade receivables | 40 | €54,916 | €58,294 | +€3,378 | +6.2% |
| Other amounts receivable | 41 | €18,157 | €75,168 | +€57,011 | +314% |
| Current investments | 50/53 | €50,000 | €85,000 | +€35,000 | +70.0% |
| Cash at bank and in hand | 54/58 | €400,902 | €371,863 | -€29,040 | -7.2% |
| Deferred charges and accrued income | 490/1 | €35,625 | €32,685 | -€2,940 | -8.3% |
| Total equity and liabilities | 10/49 | €823,706 | €862,136 | +€38,430 | +4.7% |
| Equity | 10/15 | €307,617 | €363,961 | +€56,344 | +18.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €268,385 | €323,885 | +€55,500 | +20.7% |
| Non-distributable reserves | 130/1 | €1,721 | €1,721 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,721 | €1,721 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,163 | €16,163 | = | 0.0% |
| Distributable reserves | 133 | €250,500 | €306,000 | +€55,500 | +22.2% |
| Profit (loss) carried forward | 14 | €26,832 | €27,676 | +€844 | +3.1% |
| Provisions and deferred taxes | 16 | €100,959 | €100,959 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €100,959 | €100,959 | = | 0.0% |
| Pensions and similar obligations | 160 | €100,959 | €100,959 | = | 0.0% |
| Amounts payable | 17/49 | €415,130 | €397,216 | -€17,914 | -4.3% |
| Amounts payable after more than one year | 17 | €177,804 | €154,228 | -€23,576 | -13.3% |
| Financial debts | 170/4 | €177,804 | €154,228 | -€23,576 | -13.3% |
| Amounts payable within one year | 42/48 | €237,326 | €242,988 | +€5,663 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €23,666 | €23,457 | -€208 | -0.9% |
| Trade debts | 44 | €4,181 | €7,603 | +€3,422 | +81.8% |
| Suppliers | 440/4 | €4,181 | €7,603 | +€3,422 | +81.8% |
| Advances received on contracts in progress | 46 | €194,780 | €177,079 | -€17,701 | -9.1% |
| Taxes, remuneration and social security | 45 | €14,699 | €34,849 | +€20,150 | +137% |
| Taxes | 450/3 | €12,774 | €32,845 | +€20,071 | +157% |
| Remuneration and social security | 454/9 | €1,925 | €2,005 | +€80 | +4.1% |
| Remuneration, social security and pensions | 62 | €19,137 | €20,013 | +€876 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,772 | €26,359 | +€9,587 | +57.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€12,584 | -€12,584 | |
| Other operating charges | 640/8 | €3,880 | €15,810 | +€11,930 | +308% |
| Gross operating margin | 9900 | €131,492 | €192,310 | +€60,818 | +46.3% |
| Operating profit (loss) | 9901 | €91,703 | €142,712 | +€51,009 | +55.6% |
| Financial income | 75/76B | €2,367 | €6,062 | +€3,695 | +156% |
| Recurring financial income | 75 | €2,367 | €6,062 | +€3,695 | +156% |
| Financial charges | 65/66B | €8,956 | €8,498 | -€458 | -5.1% |
| Recurring financial charges | 65 | €8,956 | €8,498 | -€458 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €85,114 | €140,276 | +€55,162 | +64.8% |
| Income taxes | 67/77 | €25,894 | €41,432 | +€15,538 | +60.0% |
| Profit (loss) for the period | 9904 | €59,220 | €98,844 | +€39,624 | +66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,220 | €98,844 | +€39,624 | +66.9% |
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 23 October 2026 via checked.be.