KORATON: 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
KORATON
NACE 23.610, Manufacture of other non-metallic mineral products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.6m
2024 · €2.8m-€193,447
Equity
€21.1m
2024 · €19.5m+€1.6m
Cash
€2.6m
2024 · €1.9m+€671,669
Balance sheet total
€23.8m
2024 · €22.1m+€1.7m
Largest movements
Assets
- Receivables after one year +€6.5m
up €6.5m (+1000.0%), from €650,000 to €7.2m
- Current investments -€6.0m
no longer reported in 2025 (was €6.0m)
- Cash +€671,669
up €671,669 (+34.5%), from €1.9m to €2.6m
mainly Current investments (+€6.0m) and Net result for the year (+€2.6m)
- Financial fixed assets +€516,336
up €516,336 (+7.3%), from €7.0m to €7.6m
Equity and liabilities
- Profit (loss) carried forward +€1.6m
up €1.6m (+15.5%), from €10.2m to €11.8m
Income statement
- Services and other goods +€618,358
up €618,358 (+19.4%), from €3.2m to €3.8m
- Other operating income +€270,869
up €270,869 (+232.0%), from €116,753 to €387,622
- Goods and materials -€191,978
down €191,978 (-3.7%), from €5.1m to €5.0m
of which Purchases: -€120,076
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
€2.8m
Turnover
+€137,266
Other operating income
+€270,869
Goods and materials
+€191,978
Services and other goods
-€618,358
Staff costs
+€110,417
Depreciation
-€24,238
Write-downs
-€134,309
Other operating charges
-€3,275
Other operating items
-€259,161
Financial income
-€9,357
Financial charges
+€10,603
Taxes
+€134,119
Result 2025
€2.6m
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.
From operations
-€3.6m
Investment
+€5.3m
Financing
-€1.0m
Cash 2024
€1.9m
From operations (derived)
-€3.6m
Net result for the year
+€2.6m
Depreciation
+€282,142
Receivables after one year
-€6.5m
Stocks and contracts
+€79,714
Receivables within one year
-€133,691
Deferred charges and accrued income
-€24,509
Trade debts
-€109,856
Tax, wage and social debts
+€210,292
Other debts
-€2,763
Investment (derived)
+€5.3m
Investment in fixed assets (net)
-€711,174
Current investments
+€6.0m
Financing
-€1.0m
Contributions, distributions and other
-€1.0m
Cash 2025
€2.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,134,387 | €23,813,576 | +€1.7m | +7.6% |
| Fixed assets | 21/28 | €9,879,014 | €10,308,047 | +€429,033 | +4.3% |
| Intangible fixed assets | 21 | €49,091 | €45,712 | -€3,379 | -6.9% |
| Tangible fixed assets | 22/27 | €2,793,385 | €2,709,460 | -€83,925 | -3.0% |
| Land and buildings | 22 | €1,560,420 | €1,525,295 | -€35,125 | -2.3% |
| Plant, machinery and equipment | 23 | €1,186,306 | €1,066,069 | -€120,237 | -10.1% |
| Furniture and vehicles | 24 | €46,658 | €38,149 | -€8,510 | -18.2% |
| Assets under construction and advance payments | 27 | - | €79,947 | +€79,947 | |
| Financial fixed assets | 28 | €7,036,539 | €7,552,875 | +€516,336 | +7.3% |
| Other financial fixed assets | 284/8 | €7,036,539 | €7,552,875 | +€516,336 | +7.3% |
| Shares | 284 | €7,035,046 | €7,551,196 | +€516,150 | +7.3% |
| Amounts receivable and cash guarantees | 285/8 | €1,493 | €1,679 | +€186 | +12.5% |
| Current assets | 29/58 | €12,255,373 | €13,505,529 | +€1.3m | +10.2% |
| Amounts receivable after more than one year | 29 | €650,000 | €7,150,000 | +€6.5m | +1000.0% |
| Other amounts receivable | 291 | €650,000 | €7,150,000 | +€6.5m | +1000.0% |
| Stocks and contracts in progress | 3 | €2,223,975 | €2,144,262 | -€79,714 | -3.6% |
| Stocks | 30/36 | €2,223,975 | €2,144,262 | -€79,714 | -3.6% |
| Raw materials and consumables | 30/31 | €516,340 | €545,632 | +€29,292 | +5.7% |
| Finished goods | 33 | €1,343,343 | €1,241,523 | -€101,820 | -7.6% |
| Goods purchased for resale | 34 | €364,293 | €357,107 | -€7,185 | -2.0% |
| Amounts receivable within one year | 40/41 | €1,435,084 | €1,568,775 | +€133,691 | +9.3% |
| Trade receivables | 40 | €1,435,084 | €1,568,775 | +€133,691 | +9.3% |
| Current investments | 50/53 | €6,000,000 | - | -€6.0m | |
| Other investments | 51/53 | €6,000,000 | - | -€6.0m | |
| Cash at bank and in hand | 54/58 | €1,946,313 | €2,617,982 | +€671,669 | +34.5% |
| Deferred charges and accrued income | 490/1 | €0 | €24,510 | +€24,509 | +20424541.7% |
| Total equity and liabilities | 10/49 | €22,134,387 | €23,813,576 | +€1.7m | +7.6% |
| Equity | 10/15 | €19,545,915 | €21,127,431 | +€1.6m | +8.1% |
| Contributions | 10/11 | €2,406,258 | €2,406,258 | = | 0.0% |
| Capital | 10 | €2,405,000 | €2,405,000 | = | 0.0% |
| Issued capital | 100 | €2,405,000 | €2,405,000 | = | 0.0% |
| Outside capital | 11 | €1,258 | €1,258 | = | 0.0% |
| Share premium | 1100/10 | €1,258 | €1,258 | = | 0.0% |
| Revaluation surpluses | 12 | €404,090 | €404,090 | = | 0.0% |
| Reserves | 13 | €6,517,235 | €6,517,235 | = | 0.0% |
| Non-distributable reserves | 130/1 | €240,500 | €240,500 | = | 0.0% |
| Legal reserve | 130 | €240,500 | €240,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,571 | €44,571 | = | 0.0% |
| Distributable reserves | 133 | €6,232,164 | €6,232,164 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,218,333 | €11,799,849 | +€1.6m | +15.5% |
| Amounts payable | 17/49 | €2,588,472 | €2,686,144 | +€97,673 | +3.8% |
| Amounts payable after more than one year | 17 | €200 | €200 | = | 0.0% |
| Other amounts payable | 178/9 | €200 | €200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,588,272 | €2,685,944 | +€97,673 | +3.8% |
| Trade debts | 44 | €1,237,981 | €1,128,125 | -€109,856 | -8.9% |
| Suppliers | 440/4 | €1,237,981 | €1,128,125 | -€109,856 | -8.9% |
| Taxes, remuneration and social security | 45 | €346,648 | €556,940 | +€210,292 | +60.7% |
| Taxes | 450/3 | €28,974 | €72,848 | +€43,874 | +151.4% |
| Remuneration and social security | 454/9 | €317,674 | €484,092 | +€166,418 | +52.4% |
| Other amounts payable | 47/48 | €1,003,642 | €1,000,880 | -€2,763 | -0.3% |
| Operating income | 70/76A | €15,462,179 | €15,611,152 | +€148,973 | +1.0% |
| Turnover | 70 | €15,188,085 | €15,325,351 | +€137,266 | +0.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €157,341 | -€101,820 | -€259,161 | |
| Other operating income | 74 | €116,753 | €387,622 | +€270,869 | +232.0% |
| Operating charges | 60/66A | €11,801,270 | €12,279,056 | +€477,786 | +4.0% |
| Goods for resale, raw materials and consumables | 60 | €5,149,185 | €4,957,207 | -€191,978 | -3.7% |
| Purchases | 600/8 | €5,099,389 | €4,979,313 | -€120,076 | -2.4% |
| Change in stocks: decrease (increase) | 609 | €49,795 | -€22,106 | -€71,902 | |
| Services and other goods | 61 | €3,185,019 | €3,803,378 | +€618,358 | +19.4% |
| Remuneration, social security and pensions | 62 | €3,152,498 | €3,042,081 | -€110,417 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257,904 | €282,142 | +€24,238 | +9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €134,309 | +€134,309 | |
| Other operating charges | 640/8 | €56,664 | €59,940 | +€3,275 | +5.8% |
| Operating profit (loss) | 9901 | €3,660,909 | €3,332,096 | -€328,813 | -9.0% |
| Financial income | 75/76B | €229,676 | €220,319 | -€9,357 | -4.1% |
| Recurring financial income | 75 | €229,676 | €220,319 | -€9,357 | -4.1% |
| Income from financial fixed assets | 750 | €220,751 | €170,679 | -€50,072 | -22.7% |
| Income from current assets | 751 | €74 | - | -€74 | |
| Other financial income | 752/9 | €8,852 | €49,640 | +€40,789 | +460.8% |
| Financial charges | 65/66B | €141,531 | €130,928 | -€10,603 | -7.5% |
| Recurring financial charges | 65 | €141,531 | €130,928 | -€10,603 | -7.5% |
| Debt charges | 650 | €10,480 | €11,263 | +€782 | +7.5% |
| Other financial charges | 652/9 | €131,051 | €119,665 | -€11,385 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €3,749,054 | €3,421,488 | -€327,567 | -8.7% |
| Income taxes | 67/77 | €974,091 | €839,972 | -€134,119 | -13.8% |
| Taxes | 670/3 | €974,091 | €839,972 | -€134,119 | -13.8% |
| Profit (loss) for the period | 9904 | €2,774,963 | €2,581,516 | -€193,447 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,774,963 | €2,581,516 | -€193,447 | -7.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.