KORA GROEP: 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 GROEP
Largest movements
- Receivables within one year +€51,396
up €51,396 (+58.8%), from €87,435 to €138,831
of which Trade receivables: +€47,855
- Stocks and contracts +€26,425
up €26,425 (+95.2%), from €27,752 to €54,177
- Tangible fixed assets -€23,111
down €23,111 (-25.0%), from €92,381 to €69,270
- Cash -€16,643
down €16,643 (-78.4%), from €21,241 to €4,599
mainly Receivables within one year (-€51,396) and Short-term financial debts (-€45,500)
- Advances received +€118,302
new in 2026: €118,302
- Short-term financial debts -€45,500
down €45,500 (-91.0%), from €49,985 to €4,485
- Debts after one year -€29,757
down €29,757 (-17.4%), from €171,322 to €141,565
of which Financial debts: -€81,603
- Profit (loss) carried forward -€8,951
down €8,951 (-16.3%), from -€54,810 to -€63,761
- Trade debts +€7,119
up €7,119 (+28.2%), from €25,256 to €32,375
- Gross operating margin +€32,434
up €32,434 (+1,046%), from €3,101 to €35,534
- Financial charges -€2,165
down €2,165 (-23.8%), from €9,089 to €6,924
- Financial income +€2,081
up €2,081 (+28.5%), from €7,306 to €9,387
- Staff costs +€533
up €533 (+2.3%), from €22,792 to €23,325
- Other operating charges +€439
up €439 (+601%), from €73 to €512
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €230,915 | €268,876 | +€37,961 | +16.4% |
| Fixed assets | 21/28 | €94,381 | €71,270 | -€23,111 | -24.5% |
| Tangible fixed assets | 22/27 | €92,381 | €69,270 | -€23,111 | -25.0% |
| Plant, machinery and equipment | 23 | €92,381 | €69,270 | -€23,111 | -25.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €136,534 | €197,606 | +€61,072 | +44.7% |
| Stocks and contracts in progress | 3 | €27,752 | €54,177 | +€26,425 | +95.2% |
| Stocks | 30/36 | €27,752 | €54,177 | +€26,425 | +95.2% |
| Amounts receivable within one year | 40/41 | €87,435 | €138,831 | +€51,396 | +58.8% |
| Trade receivables | 40 | €72,435 | €120,290 | +€47,855 | +66.1% |
| Other amounts receivable | 41 | €15,000 | €18,541 | +€3,541 | +23.6% |
| Cash at bank and in hand | 54/58 | €21,241 | €4,599 | -€16,643 | -78.4% |
| Deferred charges and accrued income | 490/1 | €106 | €0 | -€106 | -100% |
| Total equity and liabilities | 10/49 | €230,915 | €268,876 | +€37,961 | +16.4% |
| Equity | 10/15 | -€49,810 | -€58,761 | -€8,951 | -18.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,810 | -€63,761 | -€8,951 | -16.3% |
| Amounts payable | 17/49 | €280,725 | €327,638 | +€46,912 | +16.7% |
| Amounts payable after more than one year | 17 | €171,322 | €141,565 | -€29,757 | -17.4% |
| Financial debts | 170/4 | €146,322 | €64,719 | -€81,603 | -55.8% |
| Other amounts payable | 178/9 | €25,000 | €76,847 | +€51,847 | +207% |
| Amounts payable within one year | 42/48 | €109,403 | €186,072 | +€76,669 | +70.1% |
| Current portion of amounts payable after more than one year | 42 | €28,075 | €29,045 | +€970 | +3.5% |
| Financial debts | 43 | €49,985 | €4,485 | -€45,500 | -91.0% |
| Credit institutions | 430/8 | €49,985 | €4,485 | -€45,500 | -91.0% |
| Trade debts | 44 | €25,256 | €32,375 | +€7,119 | +28.2% |
| Suppliers | 440/4 | €25,256 | €32,375 | +€7,119 | +28.2% |
| Advances received on contracts in progress | 46 | - | €118,302 | +€118,302 | |
| Taxes, remuneration and social security | 45 | €6,087 | €1,115 | -€4,971 | -81.7% |
| Taxes | 450/3 | €3,040 | €0 | -€3,040 | -100% |
| Remuneration and social security | 454/9 | €3,047 | €1,115 | -€1,932 | -63.4% |
| Other amounts payable | 47/48 | - | €750 | +€750 | |
| Remuneration, social security and pensions | 62 | €22,792 | €23,325 | +€533 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,111 | €23,111 | = | 0.0% |
| Other operating charges | 640/8 | €73 | €512 | +€439 | +601% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €3,101 | €35,534 | +€32,434 | +1,046% |
| Operating profit (loss) | 9901 | -€42,876 | -€11,414 | +€31,462 | +73.4% |
| Financial income | 75/76B | €7,306 | €9,387 | +€2,081 | +28.5% |
| Recurring financial income | 75 | €7,306 | €9,387 | +€2,081 | +28.5% |
| Financial charges | 65/66B | €9,089 | €6,924 | -€2,165 | -23.8% |
| Recurring financial charges | 65 | €9,089 | €6,924 | -€2,165 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | -€44,659 | -€8,951 | +€35,708 | +80.0% |
| Profit (loss) for the period | 9904 | -€44,659 | -€8,951 | +€35,708 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,659 | -€8,951 | +€35,708 | +80.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.