VERSPUNT KORTEMARK: what changed
VERSPUNT KORTEMARK
Largest movements
- Stocks and contracts -€44,580
down €44,580 (-95.4%), from €46,715 to €2,135
- Tangible fixed assets -€33,888
down €33,888 (-79.1%), from €42,858 to €8,970
of which Plant, machinery and equipment: -€29,011
- Cash +€6,354
up €6,354 (+226%), from €2,811 to €9,165
mainly Other debts (+€83,043) and Stocks and contracts (+€44,580)
- Receivables within one year -€4,652
down €4,652 (-68.7%), from €6,776 to €2,124
of which Trade receivables: -€4,737
- Profit (loss) carried forward -€91,886
down €91,886 (-36.2%), from -€253,607 to -€345,493
- Other debts +€83,043
up €83,043 (+156%), from €53,185 to €136,228
- Current portion of long-term debt -€32,344
down €32,344 (-53.9%), from €59,967 to €27,623
- Trade debts -€22,004
down €22,004 (-56.7%), from €38,818 to €16,814
- Short-term financial debts -€11,715
down €11,715 (-43.4%), from €27,010 to €15,295
of which Credit institutions: -€11,715
- Gross operating margin -€67,744
down €67,744, from €460 to -€67,284
- Financial income +€11,888
up €11,888 (+286%), from €4,163 to €16,050
of which Non-recurring financial income: +€11,979
- Financial charges -€1,983
down €1,983 (-42.1%), from €4,707 to €2,724
- Depreciation -€1,117
down €1,117 (-3.1%), from €36,377 to €35,260
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 | €100,887 | €23,354 | -€77,534 | -76.9% |
| Fixed assets | 21/28 | €42,858 | €8,970 | -€33,888 | -79.1% |
| Tangible fixed assets | 22/27 | €42,858 | €8,970 | -€33,888 | -79.1% |
| Plant, machinery and equipment | 23 | €34,620 | €5,610 | -€29,011 | -83.8% |
| Furniture and vehicles | 24 | €7,003 | €3,003 | -€4,000 | -57.1% |
| Other tangible fixed assets | 26 | €1,235 | €358 | -€877 | -71.0% |
| Current assets | 29/58 | €58,029 | €14,384 | -€43,646 | -75.2% |
| Stocks and contracts in progress | 3 | €46,715 | €2,135 | -€44,580 | -95.4% |
| Stocks | 30/36 | €46,715 | €2,135 | -€44,580 | -95.4% |
| Amounts receivable within one year | 40/41 | €6,776 | €2,124 | -€4,652 | -68.7% |
| Trade receivables | 40 | €5,730 | €993 | -€4,737 | -82.7% |
| Other amounts receivable | 41 | €1,046 | €1,131 | +€85 | +8.1% |
| Cash at bank and in hand | 54/58 | €2,811 | €9,165 | +€6,354 | +226% |
| Deferred charges and accrued income | 490/1 | €1,727 | €960 | -€767 | -44.4% |
| Total equity and liabilities | 10/49 | €100,887 | €23,354 | -€77,534 | -76.9% |
| Equity | 10/15 | -€203,572 | -€295,458 | -€91,886 | -45.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €35 | €35 | = | 0.0% |
| Distributable reserves | 133 | €35 | €35 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€253,607 | -€345,493 | -€91,886 | -36.2% |
| Amounts payable | 17/49 | €304,459 | €318,811 | +€14,352 | +4.7% |
| Amounts payable after more than one year | 17 | €104,929 | €100,000 | -€4,929 | -4.7% |
| Financial debts | 170/4 | €104,929 | €100,000 | -€4,929 | -4.7% |
| Amounts payable within one year | 42/48 | €199,530 | €216,340 | +€16,810 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €59,967 | €27,623 | -€32,344 | -53.9% |
| Financial debts | 43 | €27,010 | €15,295 | -€11,715 | -43.4% |
| Credit institutions | 430/8 | €26,685 | €14,970 | -€11,715 | -43.9% |
| Other loans | 439 | €325 | €325 | = | 0.0% |
| Trade debts | 44 | €38,818 | €16,814 | -€22,004 | -56.7% |
| Suppliers | 440/4 | €38,818 | €16,814 | -€22,004 | -56.7% |
| Taxes, remuneration and social security | 45 | €20,551 | €20,380 | -€171 | -0.8% |
| Taxes | 450/3 | €551 | €380 | -€171 | -31.0% |
| Remuneration and social security | 454/9 | €20,000 | €20,000 | = | 0.0% |
| Other amounts payable | 47/48 | €53,185 | €136,228 | +€83,043 | +156% |
| Accrued charges and deferred income | 492/3 | - | €2,472 | +€2,472 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,377 | €35,260 | -€1,117 | -3.1% |
| Other operating charges | 640/8 | €2,588 | €2,378 | -€210 | -8.1% |
| Gross operating margin | 9900 | €460 | -€67,284 | -€67,744 | |
| Operating profit (loss) | 9901 | -€38,505 | -€104,922 | -€66,417 | -172% |
| Financial income | 75/76B | €4,163 | €16,050 | +€11,888 | +286% |
| Recurring financial income | 75 | €163 | €71 | -€91 | -56.3% |
| Non-recurring financial income | 76B | €4,000 | €15,979 | +€11,979 | +299% |
| Financial charges | 65/66B | €4,707 | €2,724 | -€1,983 | -42.1% |
| Recurring financial charges | 65 | €4,707 | €2,724 | -€1,983 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | -€39,049 | -€91,596 | -€52,547 | -135% |
| Income taxes | 67/77 | €295 | €290 | -€5 | -1.8% |
| Profit (loss) for the period | 9904 | -€39,345 | -€91,886 | -€52,541 | -134% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,345 | -€91,886 | -€52,541 | -134% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.