Korhano: 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.
Korhano
Largest movements
- Cash +€393,311
up €393,311 (+976%), from €40,288 to €433,599
mainly Current investments (+€350,000) and Net result for the year (+€29,194)
- Current investments -€350,000
no longer reported in 2025 (was €350,000)
- Tangible fixed assets -€14,119
down €14,119 (-37.0%), from €38,170 to €24,051
- Receivables within one year -€11,871
down €11,871 (-42.7%), from €27,826 to €15,955
of which Other amounts receivable: -€9,330
- Other debts +€7,130
new in 2025: €7,130
- Gross operating margin +€55,387
up €55,387, from -€6,606 to €48,781
- Taxes +€11,679
up €11,679 (+5,463%), from €214 to €11,893
- Financial income -€3,471
down €3,471 (-32.3%), from €10,750 to €7,279
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.
Derived cash bridge
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 | €458,567 | €475,768 | +€17,201 | +3.8% |
| Fixed assets | 21/28 | €38,170 | €24,051 | -€14,119 | -37.0% |
| Tangible fixed assets | 22/27 | €38,170 | €24,051 | -€14,119 | -37.0% |
| Furniture and vehicles | 24 | €38,170 | €24,051 | -€14,119 | -37.0% |
| Current assets | 29/58 | €420,397 | €451,717 | +€31,320 | +7.5% |
| Amounts receivable within one year | 40/41 | €27,826 | €15,955 | -€11,871 | -42.7% |
| Trade receivables | 40 | €5,241 | €2,700 | -€2,541 | -48.5% |
| Other amounts receivable | 41 | €22,585 | €13,255 | -€9,330 | -41.3% |
| Current investments | 50/53 | €350,000 | - | -€350,000 | |
| Cash at bank and in hand | 54/58 | €40,288 | €433,599 | +€393,311 | +976% |
| Deferred charges and accrued income | 490/1 | €2,282 | €2,163 | -€120 | -5.2% |
| Total equity and liabilities | 10/49 | €458,567 | €475,768 | +€17,201 | +3.8% |
| Equity | 10/15 | €458,185 | €462,379 | +€4,194 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €439,585 | €443,779 | +€4,194 | +1.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €437,725 | €441,919 | +€4,194 | +1.0% |
| Amounts payable | 17/49 | €382 | €13,389 | +€13,007 | +3,404% |
| Amounts payable within one year | 42/48 | €382 | €13,369 | +€12,986 | +3,399% |
| Trade debts | 44 | €222 | €63 | -€159 | -71.5% |
| Suppliers | 440/4 | €222 | €63 | -€159 | -71.5% |
| Advances received on contracts in progress | 46 | - | €1,440 | +€1,440 | |
| Taxes, remuneration and social security | 45 | €160 | €4,736 | +€4,576 | +2,860% |
| Taxes | 450/3 | €160 | €4,736 | +€4,576 | +2,860% |
| Other amounts payable | 47/48 | - | €7,130 | +€7,130 | |
| Accrued charges and deferred income | 492/3 | - | €21 | +€21 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,119 | €14,119 | = | 0.0% |
| Other operating charges | 640/8 | €506 | €615 | +€109 | +21.5% |
| Gross operating margin | 9900 | -€6,606 | €48,781 | +€55,387 | |
| Operating profit (loss) | 9901 | -€21,231 | €34,047 | +€55,278 | |
| Financial income | 75/76B | €10,750 | €7,279 | -€3,471 | -32.3% |
| Recurring financial income | 75 | €10,750 | €7,279 | -€3,471 | -32.3% |
| Financial charges | 65/66B | €166 | €239 | +€74 | +44.3% |
| Recurring financial charges | 65 | €166 | €239 | +€74 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,646 | €41,087 | +€51,734 | |
| Income taxes | 67/77 | €214 | €11,893 | +€11,679 | +5,463% |
| Profit (loss) for the period | 9904 | -€10,860 | €29,194 | +€40,054 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,860 | €29,194 | +€40,054 |
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 14 October 2026 via checked.be.