KORAMIC DEVELOPMENT PROJECTS: what changed
Two fiscal 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 DEVELOPMENT PROJECTS
NACE 68.110, Buying and selling of own real estate
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€226,726
2023 · -€586,247+€812,973
Equity
€8,867
2023 · -€217,859+€226,726
Cash
€2.1m
2023 · €3.3m-€1.3m
Balance sheet total
€30.7m
2023 · €23.0m+€7.7m
Largest movements
Assets
- Stocks and contracts +€7.1m
up €7.1m (+41.9%), from €16.9m to €24.0m
- Receivables within one year +€2.3m
up €2.3m (+352.7%), from €650,065 to €2.9m
of which Trade receivables: +€2.3m
- Cash -€1.3m
down €1.3m (-38.5%), from €3.3m to €2.1m
mainly Stocks and contracts (-€7.1m) and Receivables within one year (-€2.3m)
- Deferred charges and accrued income -€388,907
down €388,907 (-65.2%), from €596,555 to €207,648
Equity and liabilities
- Debts after one year +€9.1m
up €9.1m (+55.6%), from €16.4m to €25.5m
- Trade debts -€2.1m
down €2.1m (-31.6%), from €6.6m to €4.5m
Income statement
- Turnover +€5.2m
up €5.2m (+49.1%), from €10.5m to €15.7m
- Goods and materials +€3.1m
up €3.1m (+44.9%), from €6.9m to €10.0m
of which Purchases: +€1.7m
- Services and other goods +€881,562
up €881,562 (+29.2%), from €3.0m to €3.9m
- Financial charges +€640,825
up €640,825 (+79.1%), from €810,328 to €1.5m
- Other operating charges -€413,496
down €413,496 (-90.9%), from €454,721 to €41,225
From the 2023 result to the 2024 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 2023
-€586,247
Turnover
+€5.2m
Other operating income
+€330
Goods and materials
-€3.1m
Services and other goods
-€881,562
Provisions
-€127,600
Other operating charges
+€413,496
Financial income
-€22,812
Financial charges
-€640,825
Taxes
-€310
Result 2024
€226,726
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€10.4m
Investment
€0
Financing
+€9.2m
Cash 2023
€3.3m
From operations (derived)
-€10.4m
Net result for the year
+€226,726
Stocks and contracts
-€7.1m
Receivables within one year
-€2.3m
Deferred charges and accrued income
+€388,907
Provisions
+€127,600
Trade debts
-€2.1m
Tax, wage and social debts
+€253,147
Accrued charges and deferred income
+€12,294
Financing
+€9.2m
Debts after one year
+€9.1m
Current portion of long-term debt
+€34,943
Contributions, distributions and other
+€0
Cash 2024
€2.1m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,976,753 | €30,663,436 | +€7.7m | +33.5% |
| Fixed assets | 21/28 | €1,500,002 | €1,500,002 | = | 0.0% |
| Financial fixed assets | 28 | €1,500,002 | €1,500,002 | = | 0.0% |
| Affiliated companies | 280/1 | €1,500,002 | €1,500,002 | = | 0.0% |
| Participating interests | 280 | €1,500,002 | €1,500,002 | = | 0.0% |
| Current assets | 29/58 | €21,476,751 | €29,163,434 | +€7.7m | +35.8% |
| Stocks and contracts in progress | 3 | €16,884,954 | €23,956,226 | +€7.1m | +41.9% |
| Stocks | 30/36 | €16,884,954 | €23,956,226 | +€7.1m | +41.9% |
| Property held for sale | 35 | €16,884,954 | €23,956,226 | +€7.1m | +41.9% |
| Amounts receivable within one year | 40/41 | €650,065 | €2,942,801 | +€2.3m | +352.7% |
| Trade receivables | 40 | €639,565 | €2,942,801 | +€2.3m | +360.1% |
| Other amounts receivable | 41 | €10,500 | - | -€10,500 | |
| Cash at bank and in hand | 54/58 | €3,345,176 | €2,056,759 | -€1.3m | -38.5% |
| Deferred charges and accrued income | 490/1 | €596,555 | €207,648 | -€388,907 | -65.2% |
| Total equity and liabilities | 10/49 | €22,976,753 | €30,663,436 | +€7.7m | +33.5% |
| Equity | 10/15 | -€217,859 | €8,867 | +€226,726 | |
| Contributions | 10/11 | €29,841,408 | €29,841,408 | = | 0.0% |
| Capital | 10 | €29,841,408 | €29,841,408 | = | 0.0% |
| Issued capital | 100 | €29,841,408 | €29,841,408 | = | 0.0% |
| Reserves | 13 | €4,209,572 | €4,209,572 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €16,120 | €16,120 | = | 0.0% |
| Legal reserve | 130 | €16,120 | €16,120 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,193,452 | €4,193,452 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€34,268,839 | -€34,042,113 | +€226,726 | +0.7% |
| Provisions and deferred taxes | 16 | - | €127,600 | +€127,600 | |
| Provisions for liabilities and charges | 160/5 | - | €127,600 | +€127,600 | |
| Other liabilities and charges | 164/5 | - | €127,600 | +€127,600 | |
| Amounts payable | 17/49 | €23,194,612 | €30,526,969 | +€7.3m | +31.6% |
| Amounts payable after more than one year | 17 | €16,415,449 | €25,538,818 | +€9.1m | +55.6% |
| Financial debts | 170/4 | €16,415,449 | €25,538,818 | +€9.1m | +55.6% |
| Credit institutions | 173 | €3,407,380 | €3,662,308 | +€254,928 | +7.5% |
| Other loans | 174 | €13,008,069 | €21,876,510 | +€8.9m | +68.2% |
| Amounts payable within one year | 42/48 | €6,779,163 | €4,975,857 | -€1.8m | -26.6% |
| Current portion of amounts payable after more than one year | 42 | - | €34,943 | +€34,943 | |
| Trade debts | 44 | €6,622,880 | €4,531,484 | -€2.1m | -31.6% |
| Suppliers | 440/4 | €6,622,880 | €4,531,484 | -€2.1m | -31.6% |
| Taxes, remuneration and social security | 45 | €156,283 | €409,430 | +€253,147 | +162.0% |
| Taxes | 450/3 | €156,283 | €407,430 | +€251,147 | +160.7% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Accrued charges and deferred income | 492/3 | - | €12,294 | +€12,294 | |
| Operating income | 70/76A | €10,535,360 | €15,710,518 | +€5.2m | +49.1% |
| Turnover | 70 | €10,535,360 | €15,710,188 | +€5.2m | +49.1% |
| Other operating income | 74 | - | €330 | +€330 | |
| Operating charges | 60/66A | €10,382,350 | €14,080,588 | +€3.7m | +35.6% |
| Goods for resale, raw materials and consumables | 60 | €6,907,989 | €10,010,561 | +€3.1m | +44.9% |
| Purchases | 600/8 | €15,423,851 | €17,081,833 | +€1.7m | +10.7% |
| Change in stocks: decrease (increase) | 609 | -€8,515,863 | -€7,071,272 | +€1.4m | +17.0% |
| Services and other goods | 61 | €3,019,640 | €3,901,202 | +€881,562 | +29.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €127,600 | +€127,600 | |
| Other operating charges | 640/8 | €454,721 | €41,225 | -€413,496 | -90.9% |
| Operating profit (loss) | 9901 | €153,010 | €1,629,930 | +€1.5m | +965.2% |
| Financial income | 75/76B | €71,071 | €48,259 | -€22,812 | -32.1% |
| Recurring financial income | 75 | €71,071 | €48,259 | -€22,812 | -32.1% |
| Income from current assets | 751 | - | €1,033 | +€1,033 | |
| Other financial income | 752/9 | €71,071 | €47,226 | -€23,845 | -33.6% |
| Financial charges | 65/66B | €810,328 | €1,451,153 | +€640,825 | +79.1% |
| Recurring financial charges | 65 | €810,328 | €1,451,153 | +€640,825 | +79.1% |
| Debt charges | 650 | €628,346 | €1,161,513 | +€533,167 | +84.9% |
| Other financial charges | 652/9 | €181,982 | €289,640 | +€107,658 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | -€586,247 | €227,036 | +€813,283 | |
| Income taxes | 67/77 | - | €310 | +€310 | |
| Taxes | 670/3 | - | €310 | +€310 | |
| Profit (loss) for the period | 9904 | -€586,247 | €226,726 | +€812,973 | |
| Profit (loss) for the period to be appropriated | 9905 | -€586,247 | €226,726 | +€812,973 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.