KORA: 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.
KORA
Largest movements
- Cash +€51,020
up €51,020 (+492.2%), from €10,365 to €61,385
mainly Receivables within one year (+€20,887) and Depreciation (+€14,835)
- Receivables within one year -€20,887
down €20,887 (-74.9%), from €27,881 to €6,994
of which Trade receivables: -€26,626
- Tangible fixed assets -€14,835
down €14,835 (-44.2%), from €33,574 to €18,739
- Deferred charges and accrued income +€1,185
up €1,185 (+2960.5%), from €40 to €1,225
- Profit (loss) carried forward +€9,692
up €9,692, from -€9,624 to €68
- Tax, wage and social debts +€9,086
up €9,086 (+52.4%), from €17,338 to €26,425
of which Taxes: +€4,621
- Trade debts -€6,840
down €6,840 (-28.4%), from €24,094 to €17,255
- Current portion of long-term debt +€4,494
new in 2025: €4,494
- Staff costs +€20,565
up €20,565 (+11.7%), from €175,535 to €196,100
- Gross operating margin +€19,246
up €19,246 (+9.4%), from €203,915 to €223,161
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 | €73,269 | €89,701 | +€16,432 | +22.4% |
| Fixed assets | 21/28 | €33,707 | €18,821 | -€14,886 | -44.2% |
| Tangible fixed assets | 22/27 | €33,574 | €18,739 | -€14,835 | -44.2% |
| Land and buildings | 22 | €9,016 | €5,008 | -€4,008 | -44.5% |
| Plant, machinery and equipment | 23 | €11,206 | €4,213 | -€6,993 | -62.4% |
| Furniture and vehicles | 24 | €4,422 | €2,478 | -€1,944 | -44.0% |
| Leasing and similar rights | 25 | €750 | €0 | -€750 | -100.0% |
| Other tangible fixed assets | 26 | €8,180 | €7,040 | -€1,140 | -13.9% |
| Financial fixed assets | 28 | €133 | €82 | -€51 | -38.1% |
| Current assets | 29/58 | €39,562 | €70,880 | +€31,318 | +79.2% |
| Stocks and contracts in progress | 3 | €1,275 | €1,275 | = | 0.0% |
| Stocks | 30/36 | €1,275 | €1,275 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,881 | €6,994 | -€20,887 | -74.9% |
| Trade receivables | 40 | €26,626 | - | -€26,626 | |
| Other amounts receivable | 41 | €1,255 | €6,994 | +€5,739 | +457.4% |
| Cash at bank and in hand | 54/58 | €10,365 | €61,385 | +€51,020 | +492.2% |
| Deferred charges and accrued income | 490/1 | €40 | €1,225 | +€1,185 | +2960.5% |
| Total equity and liabilities | 10/49 | €73,269 | €89,701 | +€16,432 | +22.4% |
| Equity | 10/15 | €31,836 | €41,528 | +€9,692 | +30.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,860 | €22,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,624 | €68 | +€9,692 | |
| Amounts payable | 17/49 | €41,433 | €48,173 | +€6,740 | +16.3% |
| Amounts payable within one year | 42/48 | €41,433 | €48,173 | +€6,740 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,494 | +€4,494 | |
| Trade debts | 44 | €24,094 | €17,255 | -€6,840 | -28.4% |
| Suppliers | 440/4 | €24,094 | €17,255 | -€6,840 | -28.4% |
| Taxes, remuneration and social security | 45 | €17,338 | €26,425 | +€9,086 | +52.4% |
| Taxes | 450/3 | €1,832 | €6,453 | +€4,621 | +252.2% |
| Remuneration and social security | 454/9 | €15,506 | €19,971 | +€4,465 | +28.8% |
| Remuneration, social security and pensions | 62 | €175,535 | €196,100 | +€20,565 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,296 | €14,835 | -€1,461 | -9.0% |
| Other operating charges | 640/8 | €4,251 | €2,133 | -€2,118 | -49.8% |
| Gross operating margin | 9900 | €203,915 | €223,161 | +€19,246 | +9.4% |
| Operating profit (loss) | 9901 | €7,832 | €10,092 | +€2,260 | +28.9% |
| Financial income | 75/76B | €1 | €1,635 | +€1,634 | +154117.9% |
| Recurring financial income | 75 | €1 | €1,635 | +€1,634 | +154117.9% |
| Financial charges | 65/66B | €1,835 | €1,212 | -€622 | -33.9% |
| Recurring financial charges | 65 | €1,835 | €1,212 | -€622 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €5,998 | €10,515 | +€4,516 | +75.3% |
| Income taxes | 67/77 | - | €823 | +€823 | |
| Profit (loss) for the period | 9904 | €5,998 | €9,692 | +€3,693 | +61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,998 | €9,692 | +€3,693 | +61.6% |
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 11 October 2026 via checked.be.