KORIKAN: 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.
KORIKAN
Largest movements
- Cash -€41,123
down €41,123 (-97.1%), from €42,362 to €1,239
mainly Short-term financial debts (-€29,604) and Net result for the year (-€27,362)
- Receivables within one year -€9,040
down €9,040 (-17.5%), from €51,593 to €42,553
of which Trade receivables: -€6,985
- Intangible fixed assets +€6,686
new in 2025: €6,686
- Tangible fixed assets -€5,179
down €5,179 (-21.7%), from €23,859 to €18,680
of which Land and buildings: -€9,155
- Deferred charges and accrued income -€2,973
down €2,973 (-82.4%), from €3,607 to €634
- Short-term financial debts -€29,604
down €29,604 (-84.2%), from €35,139 to €5,535
- Profit (loss) carried forward -€27,362
down €27,362 (-61.3%), from €44,660 to €17,298
- Other debts +€8,989
up €8,989 (+116%), from €7,716 to €16,705
- Trade debts -€5,063
down €5,063 (-91.6%), from €5,525 to €462
- Gross operating margin -€23,745
down €23,745, from €17,007 to -€6,738
- Taxes -€8,207
down €8,207 (-99.3%), from €8,265 to €58
- Depreciation +€5,016
up €5,016 (+62.5%), from €8,029 to €13,045
- Financial charges -€4,664
down €4,664 (-83.3%), from €5,596 to €932
- Other operating charges +€1,257
up €1,257 (+23.7%), from €5,296 to €6,553
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 | €124,837 | €71,797 | -€53,040 | -42.5% |
| Fixed assets | 21/28 | €23,859 | €25,366 | +€1,507 | +6.3% |
| Intangible fixed assets | 21 | - | €6,686 | +€6,686 | |
| Tangible fixed assets | 22/27 | €23,859 | €18,680 | -€5,179 | -21.7% |
| Land and buildings | 22 | €17,105 | €7,950 | -€9,155 | -53.5% |
| Plant, machinery and equipment | 23 | €2,991 | €8,004 | +€5,013 | +168% |
| Furniture and vehicles | 24 | €3,763 | €2,726 | -€1,037 | -27.6% |
| Current assets | 29/58 | €100,978 | €46,431 | -€54,547 | -54.0% |
| Stocks and contracts in progress | 3 | €3,416 | €2,005 | -€1,411 | -41.3% |
| Stocks | 30/36 | €3,416 | €2,005 | -€1,411 | -41.3% |
| Amounts receivable within one year | 40/41 | €51,593 | €42,553 | -€9,040 | -17.5% |
| Trade receivables | 40 | €12,947 | €5,962 | -€6,985 | -54.0% |
| Other amounts receivable | 41 | €38,646 | €36,591 | -€2,055 | -5.3% |
| Cash at bank and in hand | 54/58 | €42,362 | €1,239 | -€41,123 | -97.1% |
| Deferred charges and accrued income | 490/1 | €3,607 | €634 | -€2,973 | -82.4% |
| Total equity and liabilities | 10/49 | €124,837 | €71,797 | -€53,040 | -42.5% |
| Equity | 10/15 | €76,457 | €49,095 | -€27,362 | -35.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,197 | €13,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €11,337 | €11,337 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,660 | €17,298 | -€27,362 | -61.3% |
| Amounts payable | 17/49 | €48,380 | €22,702 | -€25,678 | -53.1% |
| Amounts payable within one year | 42/48 | €48,380 | €22,702 | -€25,678 | -53.1% |
| Financial debts | 43 | €35,139 | €5,535 | -€29,604 | -84.2% |
| Credit institutions | 430/8 | €35,139 | €5,535 | -€29,604 | -84.2% |
| Trade debts | 44 | €5,525 | €462 | -€5,063 | -91.6% |
| Suppliers | 440/4 | €5,525 | €462 | -€5,063 | -91.6% |
| Other amounts payable | 47/48 | €7,716 | €16,705 | +€8,989 | +116% |
| Remuneration, social security and pensions | 62 | €227 | €232 | +€5 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,029 | €13,045 | +€5,016 | +62.5% |
| Other operating charges | 640/8 | €5,296 | €6,553 | +€1,257 | +23.7% |
| Gross operating margin | 9900 | €17,007 | -€6,738 | -€23,745 | |
| Operating profit (loss) | 9901 | €3,455 | -€26,568 | -€30,023 | |
| Financial income | 75/76B | - | €196 | +€196 | |
| Recurring financial income | 75 | - | €196 | +€196 | |
| Financial charges | 65/66B | €5,596 | €932 | -€4,664 | -83.3% |
| Recurring financial charges | 65 | €5,596 | €932 | -€4,664 | -83.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,141 | -€27,304 | -€25,163 | -1,175% |
| Income taxes | 67/77 | €8,265 | €58 | -€8,207 | -99.3% |
| Profit (loss) for the period | 9904 | -€10,406 | -€27,362 | -€16,956 | -163% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,406 | -€27,362 | -€16,956 | -163% |
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 24 October 2026 via checked.be.