KORFLOOR: 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.
KORFLOOR
Largest movements
- Cash -€3.8m
down €3.8m (-84.0%), from €4.6m to €730,559
mainly Other debts (-€4.0m) and Smaller working-capital items (-€6,644)
- Other debts -€4.0m
no longer reported in 2025 (was €4.0m)
- Reserves +€131,041
up €131,041 (+20.7%), from €634,541 to €765,582
of which Distributable reserves: +€131,041
- Purchases and services +€59,542
new in 2025: €59,542
- Depreciation -€33,841
down €33,841 (-45.7%), from €74,123 to €40,283
- Gross operating margin +€11,943
up €11,943 (+4.6%), from €258,696 to €270,639
- Taxes +€7,904
up €7,904 (+16.1%), from €49,036 to €56,941
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 | €6,524,727 | €2,645,501 | -€3.9m | -59.5% |
| Fixed assets | 21/28 | €955,224 | €914,942 | -€40,283 | -4.2% |
| Tangible fixed assets | 22/27 | €955,224 | €914,942 | -€40,283 | -4.2% |
| Land and buildings | 22 | €955,224 | €914,942 | -€40,283 | -4.2% |
| Current assets | 29/58 | €5,569,502 | €1,730,559 | -€3.8m | -68.9% |
| Amounts receivable within one year | 40/41 | €1,003,623 | €1,000,000 | -€3,623 | -0.4% |
| Other amounts receivable | 41 | €1,003,623 | €1,000,000 | -€3,623 | -0.4% |
| Cash at bank and in hand | 54/58 | €4,565,880 | €730,559 | -€3.8m | -84.0% |
| Total equity and liabilities | 10/49 | €6,524,727 | €2,645,501 | -€3.9m | -59.5% |
| Equity | 10/15 | €2,509,541 | €2,640,582 | +€131,041 | +5.2% |
| Contributions | 10/11 | €1,875,000 | €1,875,000 | = | 0.0% |
| Capital | 10 | €1,875,000 | €1,875,000 | = | 0.0% |
| Issued capital | 100 | €1,875,000 | €1,875,000 | = | 0.0% |
| Reserves | 13 | €634,541 | €765,582 | +€131,041 | +20.7% |
| Non-distributable reserves | 130/1 | €30,629 | €30,629 | = | 0.0% |
| Legal reserve | 130 | €30,629 | €30,629 | = | 0.0% |
| Tax-exempt reserves | 132 | €910 | €910 | = | 0.0% |
| Distributable reserves | 133 | €603,003 | €734,043 | +€131,041 | +21.7% |
| Amounts payable | 17/49 | €4,015,186 | €4,919 | -€4.0m | -99.9% |
| Amounts payable within one year | 42/48 | €4,006,738 | €4,919 | -€4.0m | -99.9% |
| Trade debts | 44 | €6,738 | €4,919 | -€1,819 | -27.0% |
| Suppliers | 440/4 | €6,738 | €4,919 | -€1,819 | -27.0% |
| Other amounts payable | 47/48 | €4,000,000 | - | -€4.0m | |
| Accrued charges and deferred income | 492/3 | €8,447 | - | -€8,447 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €59,542 | +€59,542 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,123 | €40,283 | -€33,841 | -45.7% |
| Other operating charges | 640/8 | €41,758 | €42,321 | +€563 | +1.3% |
| Gross operating margin | 9900 | €258,696 | €270,639 | +€11,943 | +4.6% |
| Operating profit (loss) | 9901 | €142,814 | €188,035 | +€45,221 | +31.7% |
| Financial charges | 65/66B | €53 | €54 | +€2 | +2.9% |
| Recurring financial charges | 65 | €53 | €54 | +€2 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €142,762 | €187,981 | +€45,220 | +31.7% |
| Income taxes | 67/77 | €49,036 | €56,941 | +€7,904 | +16.1% |
| Profit (loss) for the period | 9904 | €93,725 | €131,041 | +€37,315 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,725 | €131,041 | +€37,315 | +39.8% |
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 6 October 2026 via checked.be.