KOREJAR: 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.
KOREJAR
Largest movements
- Cash -€2,278
down €2,278 (-15.5%), from €14,684 to €12,406
mainly Other debts (-€3,806) and Trade debts (-€3,624)
- Stocks and contracts +€1,535
up €1,535 (+32.8%), from €4,687 to €6,222
- Tangible fixed assets -€1,384
down €1,384 (-25.0%), from €5,527 to €4,143
of which Plant, machinery and equipment: -€1,184
- Receivables within one year -€982
down €982 (-62.8%), from €1,564 to €582
of which Other amounts receivable: -€1,553
- Profit (loss) carried forward +€3,841
up €3,841 (+694.3%), from €553 to €4,395
- Other debts -€3,806
down €3,806 (-34.6%), from €10,993 to €7,187
- Trade debts -€3,624
down €3,624 (-100.0%), from €3,624 to €0
- Tax, wage and social debts +€479
up €479 (+7.0%), from €6,791 to €7,270
of which Remuneration and social security: +€641
- Gross operating margin +€4,022
up €4,022 (+74.3%), from €5,410 to €9,432
- Staff costs -€1,038
down €1,038 (-41.3%), from €2,510 to €1,473
- Taxes +€835
up €835 (+603.3%), from €138 to €973
- Financial charges +€717
up €717 (+143.9%), from €499 to €1,216
- Other operating charges +€427
up €427 (+361.9%), from €118 to €545
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 | €26,461 | €23,352 | -€3,110 | -11.8% |
| Fixed assets | 21/28 | €5,527 | €4,143 | -€1,384 | -25.0% |
| Tangible fixed assets | 22/27 | €5,527 | €4,143 | -€1,384 | -25.0% |
| Plant, machinery and equipment | 23 | €3,862 | €2,677 | -€1,184 | -30.7% |
| Other tangible fixed assets | 26 | €1,665 | €1,465 | -€200 | -12.0% |
| Current assets | 29/58 | €20,935 | €19,209 | -€1,725 | -8.2% |
| Stocks and contracts in progress | 3 | €4,687 | €6,222 | +€1,535 | +32.8% |
| Stocks | 30/36 | €4,687 | €6,222 | +€1,535 | +32.8% |
| Amounts receivable within one year | 40/41 | €1,564 | €582 | -€982 | -62.8% |
| Trade receivables | 40 | - | €571 | +€571 | |
| Other amounts receivable | 41 | €1,564 | €11 | -€1,553 | -99.3% |
| Cash at bank and in hand | 54/58 | €14,684 | €12,406 | -€2,278 | -15.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €26,461 | €23,352 | -€3,110 | -11.8% |
| Equity | 10/15 | €5,053 | €8,895 | +€3,841 | +76.0% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €553 | €4,395 | +€3,841 | +694.3% |
| Amounts payable | 17/49 | €21,408 | €14,457 | -€6,951 | -32.5% |
| Amounts payable within one year | 42/48 | €21,408 | €14,457 | -€6,951 | -32.5% |
| Trade debts | 44 | €3,624 | €0 | -€3,624 | -100.0% |
| Suppliers | 440/4 | €3,624 | €0 | -€3,624 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,791 | €7,270 | +€479 | +7.0% |
| Taxes | 450/3 | €1,245 | €1,083 | -€162 | -13.0% |
| Remuneration and social security | 454/9 | €5,546 | €6,187 | +€641 | +11.6% |
| Other amounts payable | 47/48 | €10,993 | €7,187 | -€3,806 | -34.6% |
| Remuneration, social security and pensions | 62 | €2,510 | €1,473 | -€1,038 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,384 | €1,384 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €545 | +€427 | +361.9% |
| Gross operating margin | 9900 | €5,410 | €9,432 | +€4,022 | +74.3% |
| Operating profit (loss) | 9901 | €1,397 | €6,030 | +€4,633 | +331.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €499 | €1,216 | +€717 | +143.9% |
| Recurring financial charges | 65 | €499 | €1,216 | +€717 | +143.9% |
| Profit (loss) for the period before taxes | 9903 | €899 | €4,814 | +€3,916 | +435.6% |
| Income taxes | 67/77 | €138 | €973 | +€835 | +603.3% |
| Profit (loss) for the period | 9904 | €760 | €3,841 | +€3,081 | +405.1% |
| Profit (loss) for the period to be appropriated | 9905 | €760 | €3,841 | +€3,081 | +405.1% |
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 11 October 2026 via checked.be.