KORTE MUNT: 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.
KORTE MUNT
Largest movements
- Tangible fixed assets +€238,344
up €238,344 (+177%), from €134,774 to €373,117
of which Land and buildings: +€241,856
- Cash +€25,372
up €25,372 (+673%), from €3,771 to €29,142
mainly Other debts (+€233,515) and Depreciation (+€47,271)
- Other debts +€233,515
up €233,515 (+300%), from €77,858 to €311,373
- Profit (loss) carried forward +€15,138
no longer reported in 2025 (was -€15,138)
- Tax, wage and social debts +€9,320
new in 2025: €9,320
- Reserves +€4,946
up €4,946 (+7.5%), from €65,921 to €70,867
of which Distributable reserves: +€4,946
- Gross operating margin +€36,051
up €36,051 (+80.8%), from €44,614 to €80,665
- Depreciation +€35,722
up €35,722 (+309%), from €11,549 to €47,271
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 | €190,640 | €453,559 | +€262,919 | +138% |
| Fixed assets | 21/28 | €134,774 | €373,117 | +€238,344 | +177% |
| Tangible fixed assets | 22/27 | €134,774 | €373,117 | +€238,344 | +177% |
| Land and buildings | 22 | €130,939 | €372,795 | +€241,856 | +185% |
| Plant, machinery and equipment | 23 | €1,108 | €184 | -€924 | -83.4% |
| Furniture and vehicles | 24 | €2,727 | €138 | -€2,589 | -94.9% |
| Current assets | 29/58 | €55,867 | €80,442 | +€24,575 | +44.0% |
| Amounts receivable within one year | 40/41 | €52,096 | €51,300 | -€796 | -1.5% |
| Other amounts receivable | 41 | €52,096 | €51,300 | -€796 | -1.5% |
| Cash at bank and in hand | 54/58 | €3,771 | €29,142 | +€25,372 | +673% |
| Total equity and liabilities | 10/49 | €190,640 | €453,559 | +€262,919 | +138% |
| Equity | 10/15 | €112,783 | €132,867 | +€20,084 | +17.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €65,921 | €70,867 | +€4,946 | +7.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €59,721 | €64,667 | +€4,946 | +8.3% |
| Profit (loss) carried forward | 14 | -€15,138 | - | +€15,138 | |
| Amounts payable | 17/49 | €77,858 | €320,693 | +€242,835 | +312% |
| Amounts payable within one year | 42/48 | €77,858 | €320,693 | +€242,835 | +312% |
| Taxes, remuneration and social security | 45 | - | €9,320 | +€9,320 | |
| Taxes | 450/3 | - | €9,320 | +€9,320 | |
| Other amounts payable | 47/48 | €77,858 | €311,373 | +€233,515 | +300% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,549 | €47,271 | +€35,722 | +309% |
| Other operating charges | 640/8 | €4,641 | €4,290 | -€351 | -7.6% |
| Gross operating margin | 9900 | €44,614 | €80,665 | +€36,051 | +80.8% |
| Operating profit (loss) | 9901 | €28,425 | €29,104 | +€679 | +2.4% |
| Financial income | 75/76B | - | €372 | +€372 | |
| Recurring financial income | 75 | - | €372 | +€372 | |
| Financial charges | 65/66B | €61 | €72 | +€11 | +18.3% |
| Recurring financial charges | 65 | €61 | €72 | +€11 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €28,364 | €29,404 | +€1,040 | +3.7% |
| Income taxes | 67/77 | €9,204 | €9,320 | +€116 | +1.3% |
| Profit (loss) for the period | 9904 | €19,160 | €20,084 | +€924 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,160 | €20,084 | +€924 | +4.8% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.