PAINTFACTORY KORTRIJK: what changed
PAINTFACTORY KORTRIJK
Largest movements
- Receivables within one year -€13,822
down €13,822 (-22.9%), from €60,248 to €46,426
of which Trade receivables: -€23,284
- Cash -€10,647
down €10,647 (-30.8%), from €34,563 to €23,916
mainly Trade debts (-€75,642) and Investment in fixed assets (net) (-€13,353)
- Stocks and contracts -€6,211
down €6,211 (-6.8%), from €91,724 to €85,513
- Trade debts -€75,642
down €75,642 (-81.2%), from €93,209 to €17,567
- Reserves +€23,001
up €23,001 (+554%), from €4,151 to €27,151
of which Distributable reserves: +€17,058
- Tax, wage and social debts +€16,151
up €16,151 (+94.6%), from €17,078 to €33,229
of which Remuneration and social security: +€9,245
- Debts after one year -€9,279
down €9,279 (-30.4%), from €30,562 to €21,282
of which Financial debts: -€12,084
- Short-term financial debts +€9,117
up €9,117 (+155%), from €5,883 to €15,000
- Gross operating margin +€77,264
up €77,264 (+80.2%), from €96,289 to €173,553
- Staff costs +€34,353
up €34,353 (+38.3%), from €89,804 to €124,157
- Taxes +€7,479
up €7,479, from -€1,941 to €5,538
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 | €230,005 | €199,281 | -€30,724 | -13.4% |
| Formation expenses | 20 | €445 | €152 | -€293 | -65.9% |
| Fixed assets | 21/28 | €42,291 | €42,404 | +€113 | +0.3% |
| Tangible fixed assets | 22/27 | €37,291 | €37,404 | +€113 | +0.3% |
| Plant, machinery and equipment | 23 | €37,291 | €37,404 | +€113 | +0.3% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €187,269 | €156,726 | -€30,543 | -16.3% |
| Stocks and contracts in progress | 3 | €91,724 | €85,513 | -€6,211 | -6.8% |
| Stocks | 30/36 | €91,724 | €85,513 | -€6,211 | -6.8% |
| Amounts receivable within one year | 40/41 | €60,248 | €46,426 | -€13,822 | -22.9% |
| Trade receivables | 40 | €50,349 | €27,065 | -€23,284 | -46.2% |
| Other amounts receivable | 41 | €9,899 | €19,361 | +€9,462 | +95.6% |
| Cash at bank and in hand | 54/58 | €34,563 | €23,916 | -€10,647 | -30.8% |
| Deferred charges and accrued income | 490/1 | €733 | €870 | +€137 | +18.7% |
| Total equity and liabilities | 10/49 | €230,005 | €199,281 | -€30,724 | -13.4% |
| Equity | 10/15 | €60,314 | €88,651 | +€28,338 | +47.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €4,151 | €27,151 | +€23,001 | +554% |
| Non-distributable reserves | 130/1 | €208 | €6,150 | +€5,942 | +2,863% |
| Legal reserve | 130 | €208 | €6,150 | +€5,942 | +2,863% |
| Distributable reserves | 133 | €3,943 | €21,001 | +€17,058 | +433% |
| Profit (loss) carried forward | 14 | -€5,337 | €0 | +€5,337 | |
| Amounts payable | 17/49 | €169,692 | €110,630 | -€59,062 | -34.8% |
| Amounts payable after more than one year | 17 | €30,562 | €21,282 | -€9,279 | -30.4% |
| Financial debts | 170/4 | €30,562 | €18,478 | -€12,084 | -39.5% |
| Other amounts payable | 178/9 | - | €2,804 | +€2,804 | |
| Amounts payable within one year | 42/48 | €136,276 | €89,348 | -€46,928 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €20,105 | €23,552 | +€3,447 | +17.1% |
| Financial debts | 43 | €5,883 | €15,000 | +€9,117 | +155% |
| Credit institutions | 430/8 | €5,883 | €15,000 | +€9,117 | +155% |
| Trade debts | 44 | €93,209 | €17,567 | -€75,642 | -81.2% |
| Suppliers | 440/4 | €93,209 | €17,567 | -€75,642 | -81.2% |
| Taxes, remuneration and social security | 45 | €17,078 | €33,229 | +€16,151 | +94.6% |
| Taxes | 450/3 | €7,256 | €14,162 | +€6,906 | +95.2% |
| Remuneration and social security | 454/9 | €9,822 | €19,067 | +€9,245 | +94.1% |
| Accrued charges and deferred income | 492/3 | €2,854 | €0 | -€2,854 | -100% |
| Remuneration, social security and pensions | 62 | €89,804 | €124,157 | +€34,353 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,022 | €13,534 | +€1,512 | +12.6% |
| Other operating charges | 640/8 | €481 | €21 | -€460 | -95.6% |
| Gross operating margin | 9900 | €96,289 | €173,553 | +€77,264 | +80.2% |
| Operating profit (loss) | 9901 | -€6,018 | €35,841 | +€41,859 | |
| Financial income | 75/76B | €856 | €318 | -€538 | -62.8% |
| Recurring financial income | 75 | €856 | €318 | -€538 | -62.8% |
| Financial charges | 65/66B | €2,117 | €2,283 | +€167 | +7.9% |
| Recurring financial charges | 65 | €2,117 | €2,283 | +€167 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,278 | €33,876 | +€41,154 | |
| Income taxes | 67/77 | -€1,941 | €5,538 | +€7,479 | |
| Profit (loss) for the period | 9904 | -€5,337 | €28,338 | +€33,675 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,337 | €28,338 | +€33,675 |
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.