Koramic Renovation Projects: 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.
Koramic Renovation Projects
Largest movements
- Receivables after one year -€196,000
down €196,000 (-6.9%), from €2.8m to €2.6m
- Debts after one year -€240,000
down €240,000 (-11.8%), from €2.0m to €1.8m
- Taxes -€199,574
no longer reported in 2025 (was €199,574)
- Financial income -€52,863
down €52,863 (-45.7%), from €115,606 to €62,743
- Gross operating margin -€15,573
down €15,573, from €3,693 to -€11,880
- Financial charges -€2,654
down €2,654 (-9.1%), from €29,308 to €26,654
- Other operating charges +€2,604
up €2,604 (+221.6%), from €1,175 to €3,779
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 | €2,879,235 | €2,666,441 | -€212,794 | -7.4% |
| Fixed assets | 21/28 | €14,735 | €14,735 | = | 0.0% |
| Tangible fixed assets | 22/27 | €14,735 | €14,735 | = | 0.0% |
| Land and buildings | 22 | €14,735 | €14,735 | = | 0.0% |
| Current assets | 29/58 | €2,864,500 | €2,651,706 | -€212,794 | -7.4% |
| Amounts receivable after more than one year | 29 | €2,837,500 | €2,641,500 | -€196,000 | -6.9% |
| Other amounts receivable | 291 | €2,837,500 | €2,641,500 | -€196,000 | -6.9% |
| Cash at bank and in hand | 54/58 | €27,000 | €10,206 | -€16,794 | -62.2% |
| Total equity and liabilities | 10/49 | €2,879,235 | €2,666,441 | -€212,794 | -7.4% |
| Equity | 10/15 | €593,882 | €614,312 | +€20,430 | +3.4% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €34,278 | €34,278 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,278 | €34,278 | = | 0.0% |
| Legal reserve | 130 | €34,278 | €34,278 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€190,396 | -€169,966 | +€20,430 | +10.7% |
| Amounts payable | 17/49 | €2,285,353 | €2,052,129 | -€233,224 | -10.2% |
| Amounts payable after more than one year | 17 | €2,040,000 | €1,800,000 | -€240,000 | -11.8% |
| Financial debts | 170/4 | €2,040,000 | €1,800,000 | -€240,000 | -11.8% |
| Amounts payable within one year | 42/48 | €240,756 | €248,016 | +€7,260 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €240,000 | €240,000 | = | 0.0% |
| Trade debts | 44 | €756 | €8,016 | +€7,260 | +960.3% |
| Suppliers | 440/4 | €756 | €8,016 | +€7,260 | +960.3% |
| Accrued charges and deferred income | 492/3 | €4,597 | €4,113 | -€484 | -10.5% |
| Non-recurring operating income | 76A | €10,724 | - | -€10,724 | |
| Other operating charges | 640/8 | €1,175 | €3,779 | +€2,604 | +221.6% |
| Gross operating margin | 9900 | €3,693 | -€11,880 | -€15,573 | |
| Operating profit (loss) | 9901 | €2,518 | -€15,659 | -€18,177 | |
| Financial income | 75/76B | €115,606 | €62,743 | -€52,863 | -45.7% |
| Recurring financial income | 75 | €115,606 | €62,743 | -€52,863 | -45.7% |
| Financial charges | 65/66B | €29,308 | €26,654 | -€2,654 | -9.1% |
| Recurring financial charges | 65 | €29,308 | €26,654 | -€2,654 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €88,816 | €20,430 | -€68,386 | -77.0% |
| Income taxes | 67/77 | €199,574 | - | -€199,574 | |
| Profit (loss) for the period | 9904 | -€110,758 | €20,430 | +€131,188 | |
| Profit (loss) for the period to be appropriated | 9905 | -€110,758 | €20,430 | +€131,188 |
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 10 October 2026 via checked.be.