KORENO: 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.
KORENO
Largest movements
- Receivables within one year -€6,890
down €6,890 (-13.4%), from €51,372 to €44,482
- Tangible fixed assets -€1,740
down €1,740 (-84.9%), from €2,050 to €310
of which Land and buildings: -€1,740
- Profit (loss) carried forward -€13,240
down €13,240 (-6.4%), from -€206,985 to -€220,225
- Other debts +€5,000
up €5,000 (+2.2%), from €231,784 to €236,784
- Financial charges -€2,129
down €2,129 (-94.0%), from €2,264 to €135
- Gross operating margin -€1,535
down €1,535 (-19.6%), from -€7,817 to -€9,352
- Depreciation -€1,007
down €1,007 (-36.7%), from €2,747 to €1,740
- Financial income +€224
up €224 (+157.5%), from €142 to €367
- Other operating charges +€156
up €156 (+7.0%), from €2,224 to €2,380
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,449 | €88,239 | -€8,210 | -8.5% |
| Fixed assets | 21/28 | €2,050 | €310 | -€1,740 | -84.9% |
| Tangible fixed assets | 22/27 | €2,050 | €310 | -€1,740 | -84.9% |
| Land and buildings | 22 | €2,050 | €310 | -€1,740 | -84.9% |
| Furniture and vehicles | 24 | €0 | - | -€0 | |
| Current assets | 29/58 | €94,400 | €87,929 | -€6,471 | -6.9% |
| Amounts receivable within one year | 40/41 | €51,372 | €44,482 | -€6,890 | -13.4% |
| Other amounts receivable | 41 | €51,372 | €44,482 | -€6,890 | -13.4% |
| Current investments | 50/53 | €40,661 | €40,917 | +€256 | +0.6% |
| Cash at bank and in hand | 54/58 | €1,606 | €1,720 | +€114 | +7.1% |
| Deferred charges and accrued income | 490/1 | €762 | €811 | +€49 | +6.4% |
| Total equity and liabilities | 10/49 | €96,449 | €88,239 | -€8,210 | -8.5% |
| Equity | 10/15 | -€137,575 | -€150,815 | -€13,240 | -9.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€206,985 | -€220,225 | -€13,240 | -6.4% |
| Amounts payable | 17/49 | €234,024 | €239,054 | +€5,030 | +2.1% |
| Amounts payable within one year | 42/48 | €234,024 | €239,054 | +€5,030 | +2.1% |
| Trade debts | 44 | €2,240 | €2,270 | +€30 | +1.3% |
| Suppliers | 440/4 | €2,240 | €2,270 | +€30 | +1.3% |
| Other amounts payable | 47/48 | €231,784 | €236,784 | +€5,000 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,747 | €1,740 | -€1,007 | -36.7% |
| Other operating charges | 640/8 | €2,224 | €2,380 | +€156 | +7.0% |
| Gross operating margin | 9900 | -€7,817 | -€9,352 | -€1,535 | -19.6% |
| Operating profit (loss) | 9901 | -€12,788 | -€13,472 | -€684 | -5.3% |
| Financial income | 75/76B | €142 | €367 | +€224 | +157.5% |
| Recurring financial income | 75 | €142 | €367 | +€224 | +157.5% |
| Financial charges | 65/66B | €2,264 | €135 | -€2,129 | -94.0% |
| Recurring financial charges | 65 | €2,264 | €135 | -€2,129 | -94.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,910 | -€13,240 | +€1,670 | +11.2% |
| Profit (loss) for the period | 9904 | -€14,910 | -€13,240 | +€1,670 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,910 | -€13,240 | +€1,670 | +11.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.