KOREBALT: 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.
KOREBALT
Largest movements
- Cash -€8,037
down €8,037 (-48.1%), from €16,715 to €8,678
mainly Tax, wage and social debts (-€8,584) and Receivables within one year (-€563)
- Receivables within one year +€563
up €563 (+10.3%), from €5,449 to €6,012
of which Other amounts receivable: +€425
- Tangible fixed assets -€527
down €527 (-63.2%), from €834 to €307
- Tax, wage and social debts -€8,584
down €8,584 (-93.7%), from €9,160 to €577
- Profit (loss) carried forward +€1,157
up €1,157 (+7.1%), from -€16,278 to -€15,121
- Trade debts -€511
no longer reported in 2025 (was €511)
- Gross operating margin +€15,357
up €15,357, from -€12,564 to €2,793
- Depreciation -€1,320
down €1,320 (-71.5%), from €1,847 to €527
- Other operating charges -€702
down €702 (-38.0%), from €1,849 to €1,147
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 | €23,583 | €15,645 | -€7,937 | -33.7% |
| Fixed assets | 21/28 | €834 | €307 | -€527 | -63.2% |
| Tangible fixed assets | 22/27 | €834 | €307 | -€527 | -63.2% |
| Plant, machinery and equipment | 23 | €834 | €307 | -€527 | -63.2% |
| Current assets | 29/58 | €22,749 | €15,339 | -€7,410 | -32.6% |
| Amounts receivable within one year | 40/41 | €5,449 | €6,012 | +€563 | +10.3% |
| Trade receivables | 40 | - | €138 | +€138 | |
| Other amounts receivable | 41 | €5,449 | €5,874 | +€425 | +7.8% |
| Cash at bank and in hand | 54/58 | €16,715 | €8,678 | -€8,037 | -48.1% |
| Deferred charges and accrued income | 490/1 | €586 | €649 | +€63 | +10.8% |
| Total equity and liabilities | 10/49 | €23,583 | €15,645 | -€7,937 | -33.7% |
| Equity | 10/15 | €13,912 | €15,069 | +€1,157 | +8.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €27,690 | €27,690 | = | 0.0% |
| Distributable reserves | 133 | €27,690 | €27,690 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,278 | -€15,121 | +€1,157 | +7.1% |
| Amounts payable | 17/49 | €9,671 | €577 | -€9,094 | -94.0% |
| Amounts payable within one year | 42/48 | €9,671 | €577 | -€9,094 | -94.0% |
| Trade debts | 44 | €511 | - | -€511 | |
| Suppliers | 440/4 | €511 | - | -€511 | |
| Taxes, remuneration and social security | 45 | €9,160 | €577 | -€8,584 | -93.7% |
| Taxes | 450/3 | €9,160 | €577 | -€8,584 | -93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,847 | €527 | -€1,320 | -71.5% |
| Other operating charges | 640/8 | €1,849 | €1,147 | -€702 | -38.0% |
| Gross operating margin | 9900 | -€12,564 | €2,793 | +€15,357 | |
| Operating profit (loss) | 9901 | -€16,260 | €1,119 | +€17,379 | |
| Financial income | 75/76B | €204 | €293 | +€89 | +43.7% |
| Recurring financial income | 75 | €204 | €293 | +€89 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,055 | €1,413 | +€17,468 | |
| Income taxes | 67/77 | €230 | €256 | +€25 | +11.0% |
| Profit (loss) for the period | 9904 | -€16,286 | €1,157 | +€17,443 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,286 | €1,157 | +€17,443 |
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 4 October 2026 via checked.be.