KORT COMPANY: what changed
KORT COMPANY
Largest movements
- Receivables within one year +€10,298
up €10,298 (+2,088%), from €493 to €10,791
of which Other amounts receivable: +€9,897
- Cash -€9,033
down €9,033 (-68.2%), from €13,252 to €4,219
mainly Receivables within one year (-€10,298) and Trade debts (-€9,647)
- Tangible fixed assets +€918
new in 2025: €918
- Stocks and contracts -€799
down €799 (-4.5%), from €17,900 to €17,101
- Formation expenses -€457
no longer reported in 2025 (was €457)
- Trade debts -€9,647
down €9,647 (-85.4%), from €11,301 to €1,654
- Profit (loss) carried forward +€6,504
up €6,504 (+60.4%), from €10,770 to €17,274
- Tax, wage and social debts +€5,437
up €5,437 (+202%), from €2,693 to €8,130
of which Remuneration and social security: +€2,722
- Other debts -€1,088
no longer reported in 2025 (was €1,088)
- Staff costs +€10,795
new in 2025: €10,795
- Gross operating margin +€6,811
up €6,811 (+46.3%), from €14,702 to €21,513
- Other operating charges +€1,136
up €1,136 (+186%), from €612 to €1,748
- Taxes -€993
down €993 (-36.9%), from €2,693 to €1,700
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 | €35,852 | €37,057 | +€1,206 | +3.4% |
| Formation expenses | 20 | €457 | - | -€457 | |
| Fixed assets | 21/28 | €3,750 | €4,946 | +€1,196 | +31.9% |
| Tangible fixed assets | 22/27 | - | €918 | +€918 | |
| Furniture and vehicles | 24 | - | €918 | +€918 | |
| Financial fixed assets | 28 | €3,750 | €4,028 | +€278 | +7.4% |
| Current assets | 29/58 | €31,645 | €32,111 | +€466 | +1.5% |
| Stocks and contracts in progress | 3 | €17,900 | €17,101 | -€799 | -4.5% |
| Stocks | 30/36 | €17,900 | €17,101 | -€799 | -4.5% |
| Amounts receivable within one year | 40/41 | €493 | €10,791 | +€10,298 | +2,088% |
| Trade receivables | 40 | - | €401 | +€401 | |
| Other amounts receivable | 41 | €493 | €10,390 | +€9,897 | +2,007% |
| Cash at bank and in hand | 54/58 | €13,252 | €4,219 | -€9,033 | -68.2% |
| Total equity and liabilities | 10/49 | €35,852 | €37,057 | +€1,206 | +3.4% |
| Equity | 10/15 | €20,770 | €27,274 | +€6,504 | +31.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,770 | €17,274 | +€6,504 | +60.4% |
| Amounts payable | 17/49 | €15,081 | €9,783 | -€5,298 | -35.1% |
| Amounts payable within one year | 42/48 | €15,081 | €9,783 | -€5,298 | -35.1% |
| Trade debts | 44 | €11,301 | €1,654 | -€9,647 | -85.4% |
| Suppliers | 440/4 | €11,301 | €1,654 | -€9,647 | -85.4% |
| Taxes, remuneration and social security | 45 | €2,693 | €8,130 | +€5,437 | +202% |
| Taxes | 450/3 | €2,693 | €5,408 | +€2,715 | +101% |
| Remuneration and social security | 454/9 | - | €2,722 | +€2,722 | |
| Other amounts payable | 47/48 | €1,088 | - | -€1,088 | |
| Remuneration, social security and pensions | 62 | - | €10,795 | +€10,795 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €490 | €488 | -€2 | -0.4% |
| Other operating charges | 640/8 | €612 | €1,748 | +€1,136 | +186% |
| Gross operating margin | 9900 | €14,702 | €21,513 | +€6,811 | +46.3% |
| Operating profit (loss) | 9901 | €13,600 | €8,481 | -€5,118 | -37.6% |
| Financial charges | 65/66B | €137 | €278 | +€141 | +103% |
| Recurring financial charges | 65 | €137 | €278 | +€141 | +103% |
| Profit (loss) for the period before taxes | 9903 | €13,463 | €8,203 | -€5,259 | -39.1% |
| Income taxes | 67/77 | €2,693 | €1,700 | -€993 | -36.9% |
| Profit (loss) for the period | 9904 | €10,770 | €6,504 | -€4,267 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,770 | €6,504 | -€4,267 | -39.6% |
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 5 November 2026 via checked.be.