KORTENBOSCH: 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.
KORTENBOSCH
Largest movements
- Cash +€45,453
up €45,453 (+126.2%), from €36,029 to €81,482
mainly Net result for the year (+€19,679) and Depreciation (+€17,437)
- Tangible fixed assets -€17,437
down €17,437 (-13.2%), from €131,708 to €114,272
- Profit (loss) carried forward +€19,679
up €19,679 (+15.1%), from -€130,572 to -€110,893
- Other debts +€14,754
new in 2025: €14,754
- Trade debts -€5,365
down €5,365 (-87.3%), from €6,144 to €780
- Gross operating margin +€4,464
up €4,464 (+10.7%), from €41,709 to €46,173
- Financial income -€945
down €945 (-100.0%), from €945 to €0
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.
Cash bridge derived
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 | €169,328 | €197,579 | +€28,252 | +16.7% |
| Fixed assets | 21/28 | €131,708 | €114,272 | -€17,437 | -13.2% |
| Tangible fixed assets | 22/27 | €131,708 | €114,272 | -€17,437 | -13.2% |
| Land and buildings | 22 | €131,708 | €114,272 | -€17,437 | -13.2% |
| Current assets | 29/58 | €37,619 | €83,308 | +€45,688 | +121.4% |
| Amounts receivable within one year | 40/41 | €1,590 | €0 | -€1,590 | -100.0% |
| Other amounts receivable | 41 | €1,590 | €0 | -€1,590 | -100.0% |
| Cash at bank and in hand | 54/58 | €36,029 | €81,482 | +€45,453 | +126.2% |
| Deferred charges and accrued income | 490/1 | €0 | €1,825 | +€1,825 | |
| Total equity and liabilities | 10/49 | €169,328 | €197,579 | +€28,252 | +16.7% |
| Equity | 10/15 | €162,367 | €182,046 | +€19,679 | +12.1% |
| Contributions | 10/11 | €266,308 | €266,308 | = | 0.0% |
| Reserves | 13 | €26,631 | €26,631 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,631 | €26,631 | = | 0.0% |
| Reserves not available under the articles | 1311 | €26,631 | €26,631 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,572 | -€110,893 | +€19,679 | +15.1% |
| Amounts payable | 17/49 | €6,960 | €15,534 | +€8,573 | +123.2% |
| Amounts payable within one year | 42/48 | €6,144 | €15,534 | +€9,389 | +152.8% |
| Trade debts | 44 | €6,144 | €780 | -€5,365 | -87.3% |
| Suppliers | 440/4 | €6,144 | €780 | -€5,365 | -87.3% |
| Other amounts payable | 47/48 | - | €14,754 | +€14,754 | |
| Accrued charges and deferred income | 492/3 | €816 | €0 | -€816 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,344 | €17,437 | +€93 | +0.5% |
| Other operating charges | 640/8 | €8,436 | €8,509 | +€73 | +0.9% |
| Gross operating margin | 9900 | €41,709 | €46,173 | +€4,464 | +10.7% |
| Operating profit (loss) | 9901 | €15,929 | €20,228 | +€4,298 | +27.0% |
| Financial income | 75/76B | €945 | €0 | -€945 | -100.0% |
| Recurring financial income | 75 | €945 | €0 | -€945 | -100.0% |
| Financial charges | 65/66B | €515 | €549 | +€34 | +6.6% |
| Recurring financial charges | 65 | €515 | €549 | +€34 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €16,359 | €19,679 | +€3,320 | +20.3% |
| Profit (loss) for the period | 9904 | €16,359 | €19,679 | +€3,320 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,359 | €19,679 | +€3,320 | +20.3% |
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 9 October 2026 via checked.be.