KORWIJT: 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.
KORWIJT
Largest movements
- Receivables within one year +€56,443
up €56,443 (+1,108%), from €5,096 to €61,539
of which Trade receivables: +€55,613
- Cash -€35,461
down €35,461 (-13.2%), from €267,960 to €232,499
mainly Debts after one year (-€79,350) and Receivables within one year (-€56,443)
- Reserves +€107,217
up €107,217 (+29.2%), from €367,149 to €474,366
- Debts after one year -€79,350
down €79,350 (-95.2%), from €83,338 to €3,988
- Financial charges -€5,777
down €5,777 (-73.8%), from €7,828 to €2,051
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 | €577,675 | €599,971 | +€22,296 | +3.9% |
| Fixed assets | 21/28 | €4,270 | €5,565 | +€1,295 | +30.3% |
| Tangible fixed assets | 22/27 | €4,270 | €5,565 | +€1,295 | +30.3% |
| Furniture and vehicles | 24 | €4,270 | €5,565 | +€1,295 | +30.3% |
| Current assets | 29/58 | €573,405 | €594,405 | +€21,000 | +3.7% |
| Amounts receivable within one year | 40/41 | €5,096 | €61,539 | +€56,443 | +1,108% |
| Trade receivables | 40 | €5,096 | €60,709 | +€55,613 | +1,091% |
| Other amounts receivable | 41 | €0 | €831 | +€831 | |
| Current investments | 50/53 | €300,000 | €300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €267,960 | €232,499 | -€35,461 | -13.2% |
| Deferred charges and accrued income | 490/1 | €349 | €367 | +€18 | +5.1% |
| Total equity and liabilities | 10/49 | €577,675 | €599,971 | +€22,296 | +3.9% |
| Equity | 10/15 | €442,149 | €549,366 | +€107,217 | +24.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €367,149 | €474,366 | +€107,217 | +29.2% |
| Distributable reserves | 133 | €367,149 | €474,366 | +€107,217 | +29.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €135,526 | €50,605 | -€84,921 | -62.7% |
| Amounts payable after more than one year | 17 | €83,338 | €3,988 | -€79,350 | -95.2% |
| Financial debts | 170/4 | €83,338 | €3,988 | -€79,350 | -95.2% |
| Amounts payable within one year | 42/48 | €46,174 | €46,090 | -€83 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €4,350 | €4,350 | = | 0.0% |
| Trade debts | 44 | €5,129 | €7,071 | +€1,943 | +37.9% |
| Suppliers | 440/4 | €5,129 | €7,071 | +€1,943 | +37.9% |
| Taxes, remuneration and social security | 45 | €5,362 | €4,312 | -€1,050 | -19.6% |
| Taxes | 450/3 | €4,445 | €4,312 | -€134 | -3.0% |
| Remuneration and social security | 454/9 | €917 | €0 | -€917 | -100% |
| Other amounts payable | 47/48 | €31,333 | €30,357 | -€976 | -3.1% |
| Accrued charges and deferred income | 492/3 | €6,015 | €527 | -€5,488 | -91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,226 | €1,780 | +€554 | +45.2% |
| Other operating charges | 640/8 | €847 | €874 | +€28 | +3.3% |
| Non-recurring operating charges | 66A | €126 | €713 | +€587 | +465% |
| Gross operating margin | 9900 | €145,929 | €144,672 | -€1,256 | -0.9% |
| Operating profit (loss) | 9901 | €143,730 | €141,305 | -€2,425 | -1.7% |
| Financial income | 75/76B | €5,175 | €5,699 | +€524 | +10.1% |
| Recurring financial income | 75 | €5,175 | €5,699 | +€524 | +10.1% |
| Financial charges | 65/66B | €7,828 | €2,051 | -€5,777 | -73.8% |
| Recurring financial charges | 65 | €7,828 | €2,051 | -€5,777 | -73.8% |
| Profit (loss) for the period before taxes | 9903 | €141,077 | €144,953 | +€3,876 | +2.7% |
| Income taxes | 67/77 | €37,705 | €36,879 | -€826 | -2.2% |
| Profit (loss) for the period | 9904 | €103,372 | €108,074 | +€4,702 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €103,372 | €108,074 | +€4,702 | +4.5% |
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 29 October 2026 via checked.be.