Korayhan: 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.
Korayhan
Largest movements
- Cash +€22,883
up €22,883 (+151%), from €15,138 to €38,021
mainly Net result for the year (+€38,608) and Tax, wage and social debts (+€24,844)
- Tangible fixed assets +€13,280
up €13,280 (+22.0%), from €60,340 to €73,620
of which Furniture and vehicles: +€18,380
- Receivables within one year -€12,056
down €12,056 (-7.5%), from €161,237 to €149,181
of which Trade receivables: -€13,517
- Reserves +€38,608
up €38,608 (+25.3%), from €152,354 to €190,962
of which Distributable reserves: +€38,608
- Other debts -€30,000
down €30,000 (-100%), from €30,000 to €0
- Tax, wage and social debts +€24,844
up €24,844 (+114%), from €21,818 to €46,662
of which Taxes: +€26,950
- Current portion of long-term debt -€9,263
down €9,263 (-60.7%), from €15,249 to €5,986
- Trade debts +€6,568
up €6,568 (+47.0%), from €13,977 to €20,546
- Gross operating margin +€29,672
up €29,672 (+46.3%), from €64,122 to €93,794
- Staff costs -€7,361
down €7,361 (-95.3%), from €7,726 to €365
- Depreciation -€6,321
down €6,321 (-33.6%), from €18,811 to €12,490
- Taxes +€6,183
up €6,183 (+44.5%), from €13,879 to €20,062
- Financial income +€1,445
up €1,445 (+28.5%), from €5,071 to €6,516
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €258,637 | €283,435 | +€24,798 | +9.6% |
| Fixed assets | 21/28 | €74,680 | €87,960 | +€13,280 | +17.8% |
| Tangible fixed assets | 22/27 | €60,340 | €73,620 | +€13,280 | +22.0% |
| Plant, machinery and equipment | 23 | €741 | €1,177 | +€436 | +58.8% |
| Furniture and vehicles | 24 | €48,361 | €66,741 | +€18,380 | +38.0% |
| Leasing and similar rights | 25 | €11,237 | €5,702 | -€5,535 | -49.3% |
| Financial fixed assets | 28 | €14,340 | €14,340 | = | 0.0% |
| Current assets | 29/58 | €183,957 | €195,475 | +€11,518 | +6.3% |
| Amounts receivable within one year | 40/41 | €161,237 | €149,181 | -€12,056 | -7.5% |
| Trade receivables | 40 | €55,079 | €41,562 | -€13,517 | -24.5% |
| Other amounts receivable | 41 | €106,158 | €107,619 | +€1,461 | +1.4% |
| Cash at bank and in hand | 54/58 | €15,138 | €38,021 | +€22,883 | +151% |
| Deferred charges and accrued income | 490/1 | €7,582 | €8,273 | +€691 | +9.1% |
| Total equity and liabilities | 10/49 | €258,637 | €283,435 | +€24,798 | +9.6% |
| Equity | 10/15 | €170,954 | €209,562 | +€38,608 | +22.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €152,354 | €190,962 | +€38,608 | +25.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €152,354 | €190,962 | +€38,608 | +25.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €87,683 | €73,873 | -€13,810 | -15.8% |
| Amounts payable after more than one year | 17 | €5,986 | €0 | -€5,986 | -100% |
| Financial debts | 170/4 | €5,986 | €0 | -€5,986 | -100% |
| Amounts payable within one year | 42/48 | €81,045 | €73,194 | -€7,851 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €15,249 | €5,986 | -€9,263 | -60.7% |
| Trade debts | 44 | €13,977 | €20,546 | +€6,568 | +47.0% |
| Suppliers | 440/4 | €13,977 | €20,546 | +€6,568 | +47.0% |
| Taxes, remuneration and social security | 45 | €21,818 | €46,662 | +€24,844 | +114% |
| Taxes | 450/3 | €9,406 | €36,356 | +€26,950 | +287% |
| Remuneration and social security | 454/9 | €12,412 | €10,306 | -€2,106 | -17.0% |
| Other amounts payable | 47/48 | €30,000 | €0 | -€30,000 | -100% |
| Accrued charges and deferred income | 492/3 | €652 | €679 | +€27 | +4.1% |
| Non-recurring operating income | 76A | €0 | €844 | +€844 | |
| Remuneration, social security and pensions | 62 | €7,726 | €365 | -€7,361 | -95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,811 | €12,490 | -€6,321 | -33.6% |
| Other operating charges | 640/8 | €2,380 | €2,852 | +€472 | +19.8% |
| Non-recurring operating charges | 66A | - | €25,092 | +€25,092 | |
| Gross operating margin | 9900 | €64,122 | €93,794 | +€29,672 | +46.3% |
| Operating profit (loss) | 9901 | €35,204 | €52,995 | +€17,791 | +50.5% |
| Financial income | 75/76B | €5,071 | €6,516 | +€1,445 | +28.5% |
| Recurring financial income | 75 | €5,071 | €6,516 | +€1,445 | +28.5% |
| Financial charges | 65/66B | €1,502 | €841 | -€660 | -44.0% |
| Recurring financial charges | 65 | €1,502 | €841 | -€660 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €38,774 | €58,670 | +€19,896 | +51.3% |
| Income taxes | 67/77 | €13,879 | €20,062 | +€6,183 | +44.5% |
| Profit (loss) for the period | 9904 | €24,895 | €38,608 | +€13,714 | +55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,895 | €38,608 | +€13,714 | +55.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.