KORBUD: 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.
KORBUD
Largest movements
- Tangible fixed assets -€5,430
down €5,430 (-30.8%), from €17,638 to €12,208
- Receivables within one year -€4,438
down €4,438 (-17.1%), from €25,906 to €21,468
of which Trade receivables: -€2,776
- Cash +€2,442
up €2,442 (+485.4%), from €503 to €2,945
mainly Depreciation (+€5,430) and Net result for the year (+€5,396)
- Deferred charges and accrued income +€477
new in 2025: €477
- Other debts -€11,723
down €11,723 (-32.7%), from €35,882 to €24,160
- Profit (loss) carried forward +€5,396
up €5,396 (+181.4%), from €2,975 to €8,371
- Tax, wage and social debts -€1,192
down €1,192 (-48.9%), from €2,439 to €1,247
- Trade debts +€570
new in 2025: €570
- Gross operating margin +€9,540
up €9,540 (+183.0%), from €5,213 to €14,753
- Write-downs +€3,683
new in 2025: €3,683
- Depreciation +€1,571
up €1,571 (+40.7%), from €3,859 to €5,430
- Other operating charges -€316
no longer reported in 2025 (was €316)
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 | €44,046 | €37,098 | -€6,948 | -15.8% |
| Fixed assets | 21/28 | €17,638 | €12,208 | -€5,430 | -30.8% |
| Tangible fixed assets | 22/27 | €17,638 | €12,208 | -€5,430 | -30.8% |
| Furniture and vehicles | 24 | €17,638 | €12,208 | -€5,430 | -30.8% |
| Current assets | 29/58 | €26,409 | €24,890 | -€1,519 | -5.8% |
| Amounts receivable within one year | 40/41 | €25,906 | €21,468 | -€4,438 | -17.1% |
| Trade receivables | 40 | €22,776 | €20,000 | -€2,776 | -12.2% |
| Other amounts receivable | 41 | €3,129 | €1,468 | -€1,661 | -53.1% |
| Cash at bank and in hand | 54/58 | €503 | €2,945 | +€2,442 | +485.4% |
| Deferred charges and accrued income | 490/1 | - | €477 | +€477 | |
| Total equity and liabilities | 10/49 | €44,046 | €37,098 | -€6,948 | -15.8% |
| Equity | 10/15 | €5,725 | €11,121 | +€5,396 | +94.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €250 | €250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,975 | €8,371 | +€5,396 | +181.4% |
| Amounts payable | 17/49 | €38,321 | €25,977 | -€12,344 | -32.2% |
| Amounts payable within one year | 42/48 | €38,321 | €25,977 | -€12,344 | -32.2% |
| Trade debts | 44 | - | €570 | +€570 | |
| Suppliers | 440/4 | - | €570 | +€570 | |
| Taxes, remuneration and social security | 45 | €2,439 | €1,247 | -€1,192 | -48.9% |
| Taxes | 450/3 | €2,439 | €1,247 | -€1,192 | -48.9% |
| Other amounts payable | 47/48 | €35,882 | €24,160 | -€11,723 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,859 | €5,430 | +€1,571 | +40.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,683 | +€3,683 | |
| Other operating charges | 640/8 | €316 | - | -€316 | |
| Non-recurring operating charges | 66A | €7,715 | €127 | -€7,589 | -98.4% |
| Gross operating margin | 9900 | €5,213 | €14,753 | +€9,540 | +183.0% |
| Operating profit (loss) | 9901 | -€6,678 | €5,514 | +€12,191 | |
| Financial charges | 65/66B | €69 | €70 | +€1 | +2.0% |
| Recurring financial charges | 65 | €69 | €70 | +€1 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,747 | €5,443 | +€12,190 | |
| Income taxes | 67/77 | - | €47 | +€47 | |
| Profit (loss) for the period | 9904 | -€6,747 | €5,396 | +€12,143 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,747 | €5,396 | +€12,143 |
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 5 October 2026 via checked.be.