Korazon: 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.
Korazon
Largest movements
- Cash -€39,373
down €39,373 (-29.6%), from €132,986 to €93,613
mainly Net result for the year (-€23,950) and Tax, wage and social debts (-€17,906)
- Tangible fixed assets -€10,132
down €10,132 (-37.1%), from €27,325 to €17,193
- Receivables within one year +€4,701
up €4,701 (+2.3%), from €200,579 to €205,280
- Tax, wage and social debts -€17,906
down €17,906 (-13.0%), from €137,760 to €119,854
of which Taxes: -€17,099
- Profit (loss) carried forward -€13,950
down €13,950 (-8.3%), from €167,634 to €153,684
- Reserves -€10,000
down €10,000 (-75.8%), from €13,188 to €3,188
of which Tax-exempt reserves: -€10,000
- Gross operating margin +€61,612
up €61,612 (+12.3%), from €501,835 to €563,447
- Purchases and services -€52,956
down €52,956 (-11.2%), from €473,340 to €420,384
- Staff costs -€31,322
down €31,322 (-5.3%), from €589,149 to €557,827
- Turnover +€13,658
up €13,658 (+1.4%), from €958,545 to €972,203
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €365,890 | €321,086 | -€44,804 | -12.2% |
| Fixed assets | 21/28 | €32,325 | €22,193 | -€10,132 | -31.3% |
| Tangible fixed assets | 22/27 | €27,325 | €17,193 | -€10,132 | -37.1% |
| Furniture and vehicles | 24 | €27,325 | €17,193 | -€10,132 | -37.1% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €333,565 | €298,893 | -€34,672 | -10.4% |
| Amounts receivable within one year | 40/41 | €200,579 | €205,280 | +€4,701 | +2.3% |
| Trade receivables | 40 | €200,579 | €205,280 | +€4,701 | +2.3% |
| Cash at bank and in hand | 54/58 | €132,986 | €93,613 | -€39,373 | -29.6% |
| Total equity and liabilities | 10/49 | €365,890 | €321,086 | -€44,804 | -12.2% |
| Equity | 10/15 | €199,414 | €175,464 | -€23,950 | -12.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €13,188 | €3,188 | -€10,000 | -75.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,329 | €1,329 | -€10,000 | -88.3% |
| Profit (loss) carried forward | 14 | €167,634 | €153,684 | -€13,950 | -8.3% |
| Amounts payable | 17/49 | €166,476 | €145,622 | -€20,854 | -12.5% |
| Amounts payable within one year | 42/48 | €166,476 | €145,420 | -€21,056 | -12.6% |
| Trade debts | 44 | €28,716 | €25,566 | -€3,150 | -11.0% |
| Suppliers | 440/4 | €28,716 | €25,566 | -€3,150 | -11.0% |
| Taxes, remuneration and social security | 45 | €137,760 | €119,854 | -€17,906 | -13.0% |
| Taxes | 450/3 | €50,002 | €32,903 | -€17,099 | -34.2% |
| Remuneration and social security | 454/9 | €87,758 | €86,951 | -€807 | -0.9% |
| Accrued charges and deferred income | 492/3 | - | €202 | +€202 | |
| Turnover | 70 | €958,545 | €972,203 | +€13,658 | +1.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €473,340 | €420,384 | -€52,956 | -11.2% |
| Remuneration, social security and pensions | 62 | €589,149 | €557,827 | -€31,322 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,293 | €14,780 | +€487 | +3.4% |
| Other operating charges | 640/8 | €17,825 | €14,056 | -€3,769 | -21.1% |
| Gross operating margin | 9900 | €501,835 | €563,447 | +€61,612 | +12.3% |
| Operating profit (loss) | 9901 | -€119,432 | -€23,216 | +€96,216 | +80.6% |
| Financial income | 75/76B | €934 | €394 | -€540 | -57.8% |
| Recurring financial income | 75 | €934 | €394 | -€540 | -57.8% |
| Financial charges | 65/66B | €508 | €292 | -€216 | -42.5% |
| Recurring financial charges | 65 | €508 | €292 | -€216 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | -€119,006 | -€23,114 | +€95,892 | +80.6% |
| Income taxes | 67/77 | €899 | €836 | -€63 | -7.0% |
| Profit (loss) for the period | 9904 | -€119,905 | -€23,950 | +€95,955 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€119,905 | -€23,950 | +€95,955 | +80.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.