Koramic Capital: 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.
What changed
Koramic Capital
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€516,495
2024 · €670,896-€154,401
Equity
€3.8m
2024 · €3.2m+€516,495
Cash
€3,951
2024 · €4,086-€135
Balance sheet total
€254.7m
2024 · €3.8m+€250.9m
Largest movements
Assets
- Financial fixed assets +€250.4m
up €250.4m (+32,489%), from €770,723 to €251.2m
Equity and liabilities
- Other debts +€250.8m
new in 2025: €250.8m
Income statement
- Financial income -€334,228
down €334,228 (-38.5%), from €867,616 to €533,388
- Financial charges -€157,771
down €157,771 (-82.7%), from €190,672 to €32,901
of which Financial charges: -€180,369
- Gross operating margin +€22,038
up €22,038, from -€4,904 to €17,134
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.
Result 2024
€670,896
Gross operating margin
+€22,038
Other operating charges
+€18
Financial income
-€334,228
Financial charges
+€157,771
Result 2025
€516,495
raises the resultlowers the result
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.
From operations
+€250.8m
Investment
-€250.4m
Financing
-€391,304
Cash 2024
€4,086
From operations (derived)
+€250.8m
Net result for the year
+€516,495
Smaller working-capital items
+€600,257
Receivables within one year
-€1.1m
Other debts
+€250.8m
Investment (derived)
-€250.4m
Investment in fixed assets (net)
-€250.4m
Financing
-€391,304
Debts after one year
-€391,304
Cash 2025
€3,951
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,754,045 | €254,679,236 | +€250.9m | +6,684% |
| Fixed assets | 21/28 | €770,723 | €251,168,847 | +€250.4m | +32,489% |
| Financial fixed assets | 28 | €770,723 | €251,168,847 | +€250.4m | +32,489% |
| Current assets | 29/58 | €2,983,322 | €3,510,389 | +€527,067 | +17.7% |
| Amounts receivable after more than one year | 29 | €2,975,099 | €2,357,582 | -€617,517 | -20.8% |
| Other amounts receivable | 291 | €2,975,099 | €2,357,582 | -€617,517 | -20.8% |
| Amounts receivable within one year | 40/41 | €4,135 | €1,131,594 | +€1.1m | +27,266% |
| Other amounts receivable | 41 | €4,135 | €1,131,594 | +€1.1m | +27,266% |
| Current investments | 50/53 | €2 | €2 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,086 | €3,951 | -€135 | -3.3% |
| Deferred charges and accrued income | 490/1 | - | €17,260 | +€17,260 | |
| Total equity and liabilities | 10/49 | €3,754,045 | €254,679,236 | +€250.9m | +6,684% |
| Equity | 10/15 | €3,242,689 | €3,759,184 | +€516,495 | +15.9% |
| Contributions | 10/11 | €1,304,400 | €1,304,400 | = | 0.0% |
| Capital | 10 | €1,304,400 | €1,304,400 | = | 0.0% |
| Issued capital | 100 | €1,304,400 | €1,304,400 | = | 0.0% |
| Reserves | 13 | €1,195,600 | €1,195,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,195,600 | €1,195,600 | = | 0.0% |
| Legal reserve | 130 | €1,195,600 | €1,195,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €742,689 | €1,259,184 | +€516,495 | +69.5% |
| Amounts payable | 17/49 | €511,356 | €250,920,052 | +€250.4m | +48,970% |
| Amounts payable after more than one year | 17 | €510,600 | €119,296 | -€391,304 | -76.6% |
| Financial debts | 170/4 | €510,600 | €119,296 | -€391,304 | -76.6% |
| Amounts payable within one year | 42/48 | €756 | €250,800,756 | +€250.8m | +33,174,603% |
| Trade debts | 44 | €756 | €756 | = | 0.0% |
| Suppliers | 440/4 | €756 | €756 | = | 0.0% |
| Other amounts payable | 47/48 | - | €250,800,000 | +€250.8m | |
| Non-recurring operating income | 76A | - | €20,539 | +€20,539 | |
| Other operating charges | 640/8 | €1,144 | €1,126 | -€18 | -1.6% |
| Gross operating margin | 9900 | -€4,904 | €17,134 | +€22,038 | |
| Operating profit (loss) | 9901 | -€6,048 | €16,008 | +€22,056 | |
| Financial income | 75/76B | €867,616 | €533,388 | -€334,228 | -38.5% |
| Recurring financial income | 75 | €867,616 | €533,388 | -€334,228 | -38.5% |
| Financial charges | 65/66B | €190,672 | €32,901 | -€157,771 | -82.7% |
| Recurring financial charges | 65 | €190,672 | €10,303 | -€180,369 | -94.6% |
| Non-recurring financial charges | 66B | - | €22,598 | +€22,598 | |
| Profit (loss) for the period before taxes | 9903 | €670,896 | €516,495 | -€154,401 | -23.0% |
| Profit (loss) for the period | 9904 | €670,896 | €516,495 | -€154,401 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €670,896 | €516,495 | -€154,401 | -23.0% |
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 28 October 2026 via checked.be.