KORVENT: 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.
KORVENT
Largest movements
- Cash +€173,999
up €173,999 (+171%), from €101,528 to €275,527
mainly Net result for the year (+€110,591) and Trade debts (+€27,009)
- Stocks and contracts -€15,874
down €15,874 (-7.1%), from €224,752 to €208,878
of which Stocks: -€24,581
- Receivables within one year -€11,955
down €11,955 (-5.2%), from €228,843 to €216,888
of which Trade receivables: -€9,625
- Reserves +€110,591
up €110,591 (+22.6%), from €489,831 to €600,422
of which Distributable reserves: +€110,591
- Trade debts +€27,009
up €27,009 (+80.3%), from €33,618 to €60,627
- Tax, wage and social debts +€11,495
up €11,495 (+49.4%), from €23,274 to €34,769
of which Taxes: +€10,932
- Gross operating margin +€252,080
up €252,080 (+312%), from €80,916 to €332,996
- Staff costs -€34,675
down €34,675 (-13.8%), from €250,913 to €216,238
- Write-downs +€15,856
up €15,856, from -€15,856 to €0
- Other operating charges -€15,575
down €15,575 (-77.9%), from €20,000 to €4,425
- Taxes +€11,153
up €11,153 (+6,964%), from €160 to €11,313
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 | €561,987 | €708,219 | +€146,231 | +26.0% |
| Current assets | 29/58 | €561,987 | €708,219 | +€146,231 | +26.0% |
| Stocks and contracts in progress | 3 | €224,752 | €208,878 | -€15,874 | -7.1% |
| Stocks | 30/36 | €180,768 | €156,187 | -€24,581 | -13.6% |
| Contracts in progress | 37 | €43,985 | €52,691 | +€8,707 | +19.8% |
| Amounts receivable within one year | 40/41 | €228,843 | €216,888 | -€11,955 | -5.2% |
| Trade receivables | 40 | €197,600 | €187,975 | -€9,625 | -4.9% |
| Other amounts receivable | 41 | €31,243 | €28,913 | -€2,330 | -7.5% |
| Cash at bank and in hand | 54/58 | €101,528 | €275,527 | +€173,999 | +171% |
| Deferred charges and accrued income | 490/1 | €6,864 | €6,925 | +€61 | +0.9% |
| Total equity and liabilities | 10/49 | €561,987 | €708,219 | +€146,231 | +26.0% |
| Equity | 10/15 | €502,231 | €612,822 | +€110,591 | +22.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €489,831 | €600,422 | +€110,591 | +22.6% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €471,081 | €581,672 | +€110,591 | +23.5% |
| Amounts payable | 17/49 | €59,756 | €95,396 | +€35,640 | +59.6% |
| Amounts payable within one year | 42/48 | €59,756 | €95,396 | +€35,640 | +59.6% |
| Financial debts | 43 | €2,864 | €0 | -€2,864 | -100% |
| Other loans | 439 | €2,864 | €0 | -€2,864 | -100% |
| Trade debts | 44 | €33,618 | €60,627 | +€27,009 | +80.3% |
| Suppliers | 440/4 | €33,618 | €60,627 | +€27,009 | +80.3% |
| Taxes, remuneration and social security | 45 | €23,274 | €34,769 | +€11,495 | +49.4% |
| Taxes | 450/3 | €482 | €11,415 | +€10,932 | +2,267% |
| Remuneration and social security | 454/9 | €22,792 | €23,354 | +€563 | +2.5% |
| Non-recurring operating income | 76A | €9,753 | €0 | -€9,753 | -100% |
| Remuneration, social security and pensions | 62 | €250,913 | €216,238 | -€34,675 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€15,856 | €0 | +€15,856 | |
| Other operating charges | 640/8 | €20,000 | €4,425 | -€15,575 | -77.9% |
| Gross operating margin | 9900 | €80,916 | €332,996 | +€252,080 | +312% |
| Operating profit (loss) | 9901 | -€174,142 | €112,333 | +€286,474 | |
| Financial income | 75/76B | €21,905 | €13,005 | -€8,900 | -40.6% |
| Recurring financial income | 75 | €21,905 | €13,005 | -€8,900 | -40.6% |
| Financial charges | 65/66B | €2,249 | €3,434 | +€1,184 | +52.7% |
| Recurring financial charges | 65 | €2,249 | €3,434 | +€1,184 | +52.7% |
| Profit (loss) for the period before taxes | 9903 | -€154,486 | €121,904 | +€276,390 | |
| Income taxes | 67/77 | €160 | €11,313 | +€11,153 | +6,964% |
| Profit (loss) for the period | 9904 | -€154,646 | €110,591 | +€265,238 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€154,646 | €110,591 | +€265,238 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.