KORTENBERG DEV.: what changed
KORTENBERG DEV.
Largest movements
- Stocks and contracts +€100,995
up €100,995 (+53.1%), from €190,247 to €291,242
- Cash +€19,809
up €19,809 (+1,572%), from €1,260 to €21,069
mainly Other debts (+€100,000) and Trade debts (+€24,910)
- Other debts +€100,000
up €100,000 (+143%), from €69,822 to €169,822
- Trade debts +€24,910
up €24,910 (+9,194%), from €271 to €25,181
- Gross operating margin +€1,579
up €1,579 (+85.1%), from -€1,855 to -€276
- Other operating charges -€434
down €434 (-52.1%), from €834 to €400
- Financial charges -€22
down €22 (-35.2%), from €62 to €40
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 | €267,341 | €391,535 | +€124,194 | +46.5% |
| Current assets | 29/58 | €267,341 | €391,535 | +€124,194 | +46.5% |
| Stocks and contracts in progress | 3 | €190,247 | €291,242 | +€100,995 | +53.1% |
| Stocks | 30/36 | €190,247 | €291,242 | +€100,995 | +53.1% |
| Amounts receivable within one year | 40/41 | €75,835 | €79,224 | +€3,390 | +4.5% |
| Trade receivables | 40 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 41 | €835 | €4,224 | +€3,390 | +406% |
| Cash at bank and in hand | 54/58 | €1,260 | €21,069 | +€19,809 | +1,572% |
| Total equity and liabilities | 10/49 | €267,341 | €391,535 | +€124,194 | +46.5% |
| Equity | 10/15 | €197,249 | €196,533 | -€716 | -0.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,751 | -€3,467 | -€716 | -26.0% |
| Amounts payable | 17/49 | €70,092 | €195,002 | +€124,910 | +178% |
| Amounts payable within one year | 42/48 | €70,092 | €195,002 | +€124,910 | +178% |
| Trade debts | 44 | €271 | €25,181 | +€24,910 | +9,194% |
| Suppliers | 440/4 | €271 | €25,181 | +€24,910 | +9,194% |
| Other amounts payable | 47/48 | €69,822 | €169,822 | +€100,000 | +143% |
| Other operating charges | 640/8 | €834 | €400 | -€434 | -52.1% |
| Gross operating margin | 9900 | -€1,855 | -€276 | +€1,579 | +85.1% |
| Operating profit (loss) | 9901 | -€2,689 | -€675 | +€2,013 | +74.9% |
| Financial charges | 65/66B | €62 | €40 | -€22 | -35.2% |
| Recurring financial charges | 65 | €62 | €40 | -€22 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,751 | -€716 | +€2,035 | +74.0% |
| Profit (loss) for the period | 9904 | -€2,751 | -€716 | +€2,035 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,751 | -€716 | +€2,035 | +74.0% |
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 8 November 2026 via checked.be.