KORE: 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.
KORE
Largest movements
- Cash -€42,014
down €42,014 (-74.0%), from €56,800 to €14,786
mainly Investment in fixed assets (net) (-€36,400) and Net result for the year (-€10,280)
- Tangible fixed assets +€31,734
new in 2025: €31,734
- Reserves -€10,280
down €10,280 (-4.9%), from €208,878 to €198,598
- Depreciation +€4,666
new in 2025: €4,666
- Gross operating margin -€1,748
down €1,748 (-59.5%), from -€2,940 to -€4,688
- Other operating charges +€392
up €392 (+102.0%), from €384 to €776
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 | €212,878 | €202,598 | -€10,280 | -4.8% |
| Fixed assets | 21/28 | - | €31,734 | +€31,734 | |
| Tangible fixed assets | 22/27 | - | €31,734 | +€31,734 | |
| Land and buildings | 22 | - | €31,734 | +€31,734 | |
| Current assets | 29/58 | €212,878 | €170,864 | -€42,014 | -19.7% |
| Stocks and contracts in progress | 3 | €9,328 | €9,328 | = | 0.0% |
| Stocks | 30/36 | €9,328 | €9,328 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €146,750 | €146,750 | = | 0.0% |
| Other amounts receivable | 41 | €146,750 | €146,750 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €56,800 | €14,786 | -€42,014 | -74.0% |
| Total equity and liabilities | 10/49 | €212,878 | €202,598 | -€10,280 | -4.8% |
| Equity | 10/15 | €212,878 | €202,598 | -€10,280 | -4.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €208,878 | €198,598 | -€10,280 | -4.9% |
| Distributable reserves | 133 | €208,878 | €198,598 | -€10,280 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,666 | +€4,666 | |
| Other operating charges | 640/8 | €384 | €776 | +€392 | +102.0% |
| Gross operating margin | 9900 | -€2,940 | -€4,688 | -€1,748 | -59.5% |
| Operating profit (loss) | 9901 | -€3,324 | -€10,130 | -€6,806 | -204.7% |
| Financial charges | 65/66B | €120 | €150 | +€30 | +25.0% |
| Recurring financial charges | 65 | €120 | €150 | +€30 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,444 | -€10,280 | -€6,836 | -198.5% |
| Profit (loss) for the period | 9904 | -€3,444 | -€10,280 | -€6,836 | -198.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,444 | -€10,280 | -€6,836 | -198.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.