KORIMMO: 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.
KORIMMO
Largest movements
- Current investments +€271,900
up €271,900 (+89.9%), from €302,554 to €574,454
- Receivables within one year -€237,114
down €237,114 (-10.4%), from €2.3m to €2.0m
of which Other amounts receivable: -€237,360
- Cash -€165,640
down €165,640 (-60.3%), from €274,694 to €109,054
mainly Current investments (-€271,900) and Investment in fixed assets (net) (-€261,364)
- Tangible fixed assets +€147,934
up €147,934 (+15.3%), from €967,112 to €1.1m
of which Plant, machinery and equipment: +€221,968
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€29,400
up €29,400 (+58.1%), from €50,580 to €79,979
- Gross operating margin +€14,099
up €14,099 (+12.4%), from €113,344 to €127,443
- Depreciation +€8,863
up €8,863 (+8.5%), from €104,567 to €113,430
- Taxes -€4,406
down €4,406 (-27.8%), from €15,859 to €11,453
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 | €3,834,887 | €3,852,102 | +€17,215 | +0.4% |
| Fixed assets | 21/28 | €967,112 | €1,115,046 | +€147,934 | +15.3% |
| Tangible fixed assets | 22/27 | €967,112 | €1,115,046 | +€147,934 | +15.3% |
| Land and buildings | 22 | €903,483 | €854,337 | -€49,146 | -5.4% |
| Plant, machinery and equipment | 23 | €2,861 | €224,829 | +€221,968 | +7757.2% |
| Furniture and vehicles | 24 | €60,767 | €35,880 | -€24,887 | -41.0% |
| Current assets | 29/58 | €2,867,776 | €2,737,056 | -€130,720 | -4.6% |
| Amounts receivable within one year | 40/41 | €2,285,183 | €2,048,069 | -€237,114 | -10.4% |
| Trade receivables | 40 | €2,243 | €2,489 | +€246 | +10.9% |
| Other amounts receivable | 41 | €2,282,940 | €2,045,580 | -€237,360 | -10.4% |
| Current investments | 50/53 | €302,554 | €574,454 | +€271,900 | +89.9% |
| Cash at bank and in hand | 54/58 | €274,694 | €109,054 | -€165,640 | -60.3% |
| Deferred charges and accrued income | 490/1 | €5,344 | €5,479 | +€135 | +2.5% |
| Total equity and liabilities | 10/49 | €3,834,887 | €3,852,102 | +€17,215 | +0.4% |
| Equity | 10/15 | €3,692,159 | €3,718,281 | +€26,122 | +0.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €3,617,159 | €3,643,281 | +€26,122 | +0.7% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €234,191 | €190,913 | -€43,278 | -18.5% |
| Distributable reserves | 133 | €3,375,468 | €3,444,867 | +€69,399 | +2.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €60,723 | €49,765 | -€10,958 | -18.0% |
| Deferred taxes | 168 | €60,723 | €49,765 | -€10,958 | -18.0% |
| Amounts payable | 17/49 | €82,005 | €84,056 | +€2,051 | +2.5% |
| Amounts payable within one year | 42/48 | €79,251 | €82,017 | +€2,766 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €12,199 | €12,199 | = | 0.0% |
| Trade debts | 44 | €15,786 | €47,049 | +€31,263 | +198.0% |
| Suppliers | 440/4 | €15,786 | €47,049 | +€31,263 | +198.0% |
| Advances received on contracts in progress | 46 | €7,904 | €4,937 | -€2,967 | -37.5% |
| Taxes, remuneration and social security | 45 | €37,362 | €13,233 | -€24,129 | -64.6% |
| Taxes | 450/3 | €37,362 | €13,233 | -€24,129 | -64.6% |
| Other amounts payable | 47/48 | €6,000 | €4,600 | -€1,400 | -23.3% |
| Accrued charges and deferred income | 492/3 | €2,754 | €2,039 | -€715 | -26.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,567 | €113,430 | +€8,863 | +8.5% |
| Other operating charges | 640/8 | €62,858 | €61,997 | -€861 | -1.4% |
| Gross operating margin | 9900 | €113,344 | €127,443 | +€14,099 | +12.4% |
| Operating profit (loss) | 9901 | -€54,080 | -€47,984 | +€6,097 | +11.3% |
| Financial income | 75/76B | €50,580 | €79,979 | +€29,400 | +58.1% |
| Recurring financial income | 75 | €50,580 | €79,979 | +€29,400 | +58.1% |
| Financial charges | 65/66B | €116 | €779 | +€663 | +572.7% |
| Recurring financial charges | 65 | €116 | €779 | +€663 | +572.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,617 | €31,217 | +€34,833 | |
| Transfer from deferred taxes | 780 | €10,958 | €10,958 | = | 0.0% |
| Income taxes | 67/77 | €15,859 | €11,453 | -€4,406 | -27.8% |
| Profit (loss) for the period | 9904 | -€8,518 | €30,722 | +€39,240 | |
| Transfer from tax-exempt reserves | 789 | €43,278 | €43,278 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,760 | €73,999 | +€39,240 | +112.9% |
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 4 October 2026 via checked.be.