Korchowiec: 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.
Korchowiec
Largest movements
- Cash +€80,827
up €80,827 (+243%), from €33,302 to €114,129
mainly Net result for the year (+€101,230) and Tax, wage and social debts (+€36,201)
- Receivables within one year +€53,870
up €53,870 (+95.6%), from €56,334 to €110,203
- Reserves +€86,944
up €86,944 (+332%), from €26,179 to €113,123
- Tax, wage and social debts +€36,201
up €36,201 (+129%), from €27,979 to €64,180
- Other debts +€11,551
up €11,551 (+39.2%), from €29,478 to €41,029
- Gross operating margin +€84,718
up €84,718 (+153%), from €55,520 to €140,238
- Taxes +€25,385
up €25,385 (+189%), from €13,418 to €38,803
- Other operating charges -€1,617
no longer reported in 2025 (was €1,617)
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 | €89,635 | €224,332 | +€134,697 | +150% |
| Current assets | 29/58 | €89,635 | €224,332 | +€134,697 | +150% |
| Amounts receivable within one year | 40/41 | €56,334 | €110,203 | +€53,870 | +95.6% |
| Trade receivables | 40 | €56,334 | €110,203 | +€53,870 | +95.6% |
| Cash at bank and in hand | 54/58 | €33,302 | €114,129 | +€80,827 | +243% |
| Total equity and liabilities | 10/49 | €89,635 | €224,332 | +€134,697 | +150% |
| Equity | 10/15 | €31,179 | €118,123 | +€86,944 | +279% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,179 | €113,123 | +€86,944 | +332% |
| Distributable reserves | 133 | €26,179 | €113,123 | +€86,944 | +332% |
| Amounts payable | 17/49 | €58,457 | €106,209 | +€47,752 | +81.7% |
| Amounts payable within one year | 42/48 | €58,457 | €106,209 | +€47,752 | +81.7% |
| Trade debts | 44 | €1,000 | €1,000 | = | 0.0% |
| Suppliers | 440/4 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €27,979 | €64,180 | +€36,201 | +129% |
| Taxes | 450/3 | €27,979 | €64,180 | +€36,201 | +129% |
| Other amounts payable | 47/48 | €29,478 | €41,029 | +€11,551 | +39.2% |
| Other operating charges | 640/8 | €1,617 | - | -€1,617 | |
| Gross operating margin | 9900 | €55,520 | €140,238 | +€84,718 | +153% |
| Operating profit (loss) | 9901 | €53,903 | €140,238 | +€86,335 | +160% |
| Financial charges | 65/66B | €21 | €205 | +€184 | +864% |
| Recurring financial charges | 65 | €21 | €205 | +€184 | +864% |
| Profit (loss) for the period before taxes | 9903 | €53,882 | €140,033 | +€86,151 | +160% |
| Income taxes | 67/77 | €13,418 | €38,803 | +€25,385 | +189% |
| Profit (loss) for the period | 9904 | €40,464 | €101,230 | +€60,766 | +150% |
| Profit (loss) for the period to be appropriated | 9905 | €40,464 | €101,230 | +€60,766 | +150% |
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 20 October 2026 via checked.be.