KORBAL: 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.
KORBAL
Largest movements
- Current investments -€398,488
down €398,488 (-99.6%), from €400,040 to €1,552
- Financial fixed assets -€300,000
down €300,000 (-2.4%), from €12.7m to €12.4m
- Reserves -€394,205
down €394,205 (-3.1%), from €12.5m to €12.1m
of which Distributable reserves: -€394,205
- Other debts -€173,487
down €173,487 (-32.3%), from €537,545 to €364,058
- Financial income -€300,711
down €300,711 (-97.8%), from €307,603 to €6,893
- Gross operating margin -€155,566
down €155,566 (-16.1%), from €965,832 to €810,266
- Taxes -€38,910
down €38,910 (-16.2%), from €240,911 to €202,002
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 | €13,394,567 | €12,706,066 | -€688,500 | -5.1% |
| Fixed assets | 21/28 | €12,688,088 | €12,388,088 | -€300,000 | -2.4% |
| Financial fixed assets | 28 | €12,688,088 | €12,388,088 | -€300,000 | -2.4% |
| Current assets | 29/58 | €706,478 | €317,978 | -€388,500 | -55.0% |
| Amounts receivable within one year | 40/41 | €54,056 | €96,462 | +€42,406 | +78.4% |
| Trade receivables | 40 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 41 | €19,056 | €61,462 | +€42,406 | +223% |
| Current investments | 50/53 | €400,040 | €1,552 | -€398,488 | -99.6% |
| Cash at bank and in hand | 54/58 | €249,681 | €217,888 | -€31,793 | -12.7% |
| Deferred charges and accrued income | 490/1 | €2,700 | €2,076 | -€625 | -23.1% |
| Total equity and liabilities | 10/49 | €13,394,567 | €12,706,066 | -€688,500 | -5.1% |
| Equity | 10/15 | €12,730,895 | €12,336,690 | -€394,205 | -3.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €12,530,895 | €12,136,690 | -€394,205 | -3.1% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €12,510,895 | €12,116,690 | -€394,205 | -3.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €663,671 | €369,377 | -€294,295 | -44.3% |
| Amounts payable within one year | 42/48 | €663,671 | €369,377 | -€294,295 | -44.3% |
| Trade debts | 44 | €3,427 | €3,319 | -€108 | -3.1% |
| Suppliers | 440/4 | €3,427 | €3,319 | -€108 | -3.1% |
| Taxes, remuneration and social security | 45 | €122,700 | €2,000 | -€120,700 | -98.4% |
| Taxes | 450/3 | €122,700 | €2,000 | -€120,700 | -98.4% |
| Other amounts payable | 47/48 | €537,545 | €364,058 | -€173,487 | -32.3% |
| Other operating charges | 640/8 | €1,321 | €1,118 | -€203 | -15.3% |
| Gross operating margin | 9900 | €965,832 | €810,266 | -€155,566 | -16.1% |
| Operating profit (loss) | 9901 | €964,511 | €809,148 | -€155,363 | -16.1% |
| Financial income | 75/76B | €307,603 | €6,893 | -€300,711 | -97.8% |
| Recurring financial income | 75 | €307,603 | €6,893 | -€300,711 | -97.8% |
| Financial charges | 65/66B | €8,105 | €8,244 | +€139 | +1.7% |
| Recurring financial charges | 65 | €8,105 | €8,244 | +€139 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €1,264,009 | €807,796 | -€456,213 | -36.1% |
| Income taxes | 67/77 | €240,911 | €202,002 | -€38,910 | -16.2% |
| Profit (loss) for the period | 9904 | €1,023,098 | €605,795 | -€417,303 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,023,098 | €605,795 | -€417,303 | -40.8% |
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 25 October 2026 via checked.be.