KORBOO: 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.
KORBOO
Largest movements
- Tangible fixed assets -€68,494
down €68,494 (-13.0%), from €525,246 to €456,752
of which Other tangible fixed assets: -€63,064
- Receivables within one year +€47,323
up €47,323 (+68.3%), from €69,257 to €116,580
of which Trade receivables: +€54,900
- Cash -€46,308
down €46,308 (-20.0%), from €231,619 to €185,311
mainly Debts after one year (-€69,487) and Receivables within one year (-€47,323)
- Stocks and contracts +€27,228
up €27,228 (+26.7%), from €101,843 to €129,071
- Debts after one year -€69,487
down €69,487 (-10.9%), from €638,395 to €568,908
- Other debts +€13,924
up €13,924 (+23.2%), from €59,988 to €73,912
- Gross operating margin +€89,080
up €89,080 (+28.6%), from €311,266 to €400,347
- Staff costs +€42,561
up €42,561 (+18.6%), from €228,230 to €270,791
- Financial charges -€5,281
down €5,281 (-15.4%), from €34,186 to €28,905
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 | €931,716 | €890,213 | -€41,503 | -4.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €526,053 | €457,434 | -€68,619 | -13.0% |
| Intangible fixed assets | 21 | €807 | €682 | -€125 | -15.5% |
| Tangible fixed assets | 22/27 | €525,246 | €456,752 | -€68,494 | -13.0% |
| Plant, machinery and equipment | 23 | €59,222 | €56,061 | -€3,160 | -5.3% |
| Furniture and vehicles | 24 | €14,783 | €12,514 | -€2,269 | -15.4% |
| Other tangible fixed assets | 26 | €451,241 | €388,177 | -€63,064 | -14.0% |
| Current assets | 29/58 | €405,663 | €432,779 | +€27,116 | +6.7% |
| Stocks and contracts in progress | 3 | €101,843 | €129,071 | +€27,228 | +26.7% |
| Stocks | 30/36 | €101,843 | €129,071 | +€27,228 | +26.7% |
| Amounts receivable within one year | 40/41 | €69,257 | €116,580 | +€47,323 | +68.3% |
| Trade receivables | 40 | €58,473 | €113,373 | +€54,900 | +93.9% |
| Other amounts receivable | 41 | €10,785 | €3,207 | -€7,577 | -70.3% |
| Cash at bank and in hand | 54/58 | €231,619 | €185,311 | -€46,308 | -20.0% |
| Deferred charges and accrued income | 490/1 | €2,944 | €1,817 | -€1,127 | -38.3% |
| Total equity and liabilities | 10/49 | €931,716 | €890,213 | -€41,503 | -4.5% |
| Equity | 10/15 | -€154,027 | -€152,057 | +€1,970 | +1.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,027 | -€172,057 | +€1,970 | +1.1% |
| Amounts payable | 17/49 | €1,085,743 | €1,042,269 | -€43,473 | -4.0% |
| Amounts payable after more than one year | 17 | €638,395 | €568,908 | -€69,487 | -10.9% |
| Financial debts | 170/4 | €638,395 | €568,908 | -€69,487 | -10.9% |
| Amounts payable within one year | 42/48 | €447,348 | €473,291 | +€25,943 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €48,660 | €49,487 | +€828 | +1.7% |
| Trade debts | 44 | €283,289 | €285,361 | +€2,072 | +0.7% |
| Suppliers | 440/4 | €283,289 | €201,796 | -€81,493 | -28.8% |
| Bills of exchange payable | 441 | - | €83,565 | +€83,565 | |
| Taxes, remuneration and social security | 45 | €55,411 | €64,530 | +€9,119 | +16.5% |
| Taxes | 450/3 | €11,327 | €8,653 | -€2,674 | -23.6% |
| Remuneration and social security | 454/9 | €44,084 | €55,878 | +€11,793 | +26.8% |
| Other amounts payable | 47/48 | €59,988 | €73,912 | +€13,924 | +23.2% |
| Accrued charges and deferred income | 492/3 | - | €71 | +€71 | |
| Remuneration, social security and pensions | 62 | €228,230 | €270,791 | +€42,561 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,589 | €86,966 | +€377 | +0.4% |
| Other operating charges | 640/8 | €11,152 | €11,795 | +€643 | +5.8% |
| Gross operating margin | 9900 | €311,266 | €400,347 | +€89,080 | +28.6% |
| Operating profit (loss) | 9901 | -€14,705 | €30,795 | +€45,499 | |
| Financial income | 75/76B | €0 | €81 | +€81 | +162,380% |
| Recurring financial income | 75 | €0 | €81 | +€81 | +162,380% |
| Financial charges | 65/66B | €34,186 | €28,905 | -€5,281 | -15.4% |
| Recurring financial charges | 65 | €34,186 | €28,905 | -€5,281 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | -€48,891 | €1,970 | +€50,862 | |
| Profit (loss) for the period | 9904 | -€48,891 | €1,970 | +€50,862 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,891 | €1,970 | +€50,862 |
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 16 October 2026 via checked.be.