KORBA: 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.
KORBA
Largest movements
- Tangible fixed assets -€18,779
down €18,779 (-4.2%), from €447,768 to €428,989
of which Land and buildings: -€12,421
- Cash +€5,210
up €5,210 (+34.1%), from €15,294 to €20,504
mainly Other debts (+€25,128) and Depreciation (+€20,109)
- Other debts +€25,128
up €25,128 (+12.6%), from €198,703 to €223,831
- Debts after one year -€21,237
down €21,237 (-8.0%), from €265,053 to €243,816
- Trade debts -€16,745
down €16,745 (-43.5%), from €38,488 to €21,743
- Gross operating margin -€11,987
down €11,987 (-23.6%), from €50,811 to €38,824
- Staff costs +€3,397
up €3,397 (+79.3%), from €4,286 to €7,683
- Other operating charges -€2,388
down €2,388 (-37.5%), from €6,368 to €3,980
- Financial charges +€1,541
up €1,541 (+24.2%), from €6,370 to €7,911
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 | €518,713 | €504,965 | -€13,748 | -2.7% |
| Fixed assets | 21/28 | €497,768 | €478,989 | -€18,779 | -3.8% |
| Intangible fixed assets | 21 | €50,000 | €50,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €447,768 | €428,989 | -€18,779 | -4.2% |
| Land and buildings | 22 | €395,656 | €383,235 | -€12,421 | -3.1% |
| Plant, machinery and equipment | 23 | €51,087 | €43,789 | -€7,298 | -14.3% |
| Furniture and vehicles | 24 | €1,025 | €1,966 | +€941 | +91.8% |
| Current assets | 29/58 | €20,945 | €25,975 | +€5,030 | +24.0% |
| Stocks and contracts in progress | 3 | €2,462 | €1,271 | -€1,190 | -48.4% |
| Stocks | 30/36 | €2,462 | €1,271 | -€1,190 | -48.4% |
| Amounts receivable within one year | 40/41 | €3,189 | €4,200 | +€1,011 | +31.7% |
| Other amounts receivable | 41 | €3,189 | €4,200 | +€1,011 | +31.7% |
| Cash at bank and in hand | 54/58 | €15,294 | €20,504 | +€5,210 | +34.1% |
| Total equity and liabilities | 10/49 | €518,713 | €504,965 | -€13,748 | -2.7% |
| Equity | 10/15 | -€14,572 | -€15,430 | -€858 | -5.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,572 | -€17,430 | -€858 | -5.2% |
| Amounts payable | 17/49 | €533,285 | €520,394 | -€12,890 | -2.4% |
| Amounts payable after more than one year | 17 | €265,053 | €243,816 | -€21,237 | -8.0% |
| Financial debts | 170/4 | €265,053 | €243,816 | -€21,237 | -8.0% |
| Amounts payable within one year | 42/48 | €268,231 | €276,578 | +€8,347 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €20,903 | €21,237 | +€335 | +1.6% |
| Trade debts | 44 | €38,488 | €21,743 | -€16,745 | -43.5% |
| Suppliers | 440/4 | €38,488 | €21,743 | -€16,745 | -43.5% |
| Taxes, remuneration and social security | 45 | €10,138 | €9,767 | -€371 | -3.7% |
| Taxes | 450/3 | €9,918 | €9,757 | -€161 | -1.6% |
| Remuneration and social security | 454/9 | €220 | €10 | -€210 | -95.5% |
| Other amounts payable | 47/48 | €198,703 | €223,831 | +€25,128 | +12.6% |
| Remuneration, social security and pensions | 62 | €4,286 | €7,683 | +€3,397 | +79.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,061 | €20,109 | +€47 | +0.2% |
| Other operating charges | 640/8 | €6,368 | €3,980 | -€2,388 | -37.5% |
| Gross operating margin | 9900 | €50,811 | €38,824 | -€11,987 | -23.6% |
| Operating profit (loss) | 9901 | €20,096 | €7,053 | -€13,043 | -64.9% |
| Financial charges | 65/66B | €6,370 | €7,911 | +€1,541 | +24.2% |
| Recurring financial charges | 65 | €6,370 | €7,911 | +€1,541 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €13,727 | -€858 | -€14,585 | |
| Profit (loss) for the period | 9904 | €13,727 | -€858 | -€14,585 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,727 | -€858 | -€14,585 |
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 8 October 2026 via checked.be.