KORK: 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.
KORK
Largest movements
- Receivables within one year +€69,651
up €69,651 (+80.5%), from €86,512 to €156,163
of which Other amounts receivable: +€82,961
- Cash -€48,906
down €48,906 (-56.2%), from €86,959 to €38,053
mainly Receivables within one year (-€69,651) and Debts after one year (-€33,070)
- Tangible fixed assets -€42,793
down €42,793 (-11.7%), from €364,816 to €322,024
of which Furniture and vehicles: -€24,514
- Debts after one year -€33,070
down €33,070 (-22.5%), from €146,849 to €113,779
- Gross operating margin +€15,748
up €15,748 (+28.4%), from €55,353 to €71,101
- Financial charges +€3,829
up €3,829 (+31.1%), from €12,318 to €16,147
of which Non-recurring financial charges: +€4,917
- Taxes +€3,066
up €3,066 (+222.4%), from €1,379 to €4,445
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 | €550,361 | €530,578 | -€19,783 | -3.6% |
| Fixed assets | 21/28 | €374,991 | €332,199 | -€42,793 | -11.4% |
| Tangible fixed assets | 22/27 | €364,816 | €322,024 | -€42,793 | -11.7% |
| Land and buildings | 22 | €298,057 | €280,377 | -€17,680 | -5.9% |
| Plant, machinery and equipment | 23 | €4,754 | €4,155 | -€599 | -12.6% |
| Furniture and vehicles | 24 | €62,005 | €37,491 | -€24,514 | -39.5% |
| Financial fixed assets | 28 | €10,175 | €10,175 | = | 0.0% |
| Current assets | 29/58 | €175,370 | €198,379 | +€23,010 | +13.1% |
| Amounts receivable within one year | 40/41 | €86,512 | €156,163 | +€69,651 | +80.5% |
| Trade receivables | 40 | €23,889 | €10,579 | -€13,310 | -55.7% |
| Other amounts receivable | 41 | €62,623 | €145,584 | +€82,961 | +132.5% |
| Cash at bank and in hand | 54/58 | €86,959 | €38,053 | -€48,906 | -56.2% |
| Deferred charges and accrued income | 490/1 | €1,898 | €4,163 | +€2,265 | +119.3% |
| Total equity and liabilities | 10/49 | €550,361 | €530,578 | -€19,783 | -3.6% |
| Equity | 10/15 | €123,028 | €128,423 | +€5,396 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €104,428 | €109,823 | +€5,396 | +5.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €57,791 | €49,200 | -€8,591 | -14.9% |
| Distributable reserves | 133 | €46,637 | €60,623 | +€13,987 | +30.0% |
| Provisions and deferred taxes | 16 | €229,723 | €229,501 | -€222 | -0.1% |
| Provisions for liabilities and charges | 160/5 | €224,431 | €226,357 | +€1,926 | +0.9% |
| Pensions and similar obligations | 160 | €59,588 | €59,588 | = | 0.0% |
| Major repairs and maintenance | 162 | €16,000 | €16,000 | = | 0.0% |
| Environmental obligations | 163 | €148,843 | €0 | -€148,843 | -100.0% |
| Other liabilities and charges | 164/5 | - | €150,769 | +€150,769 | |
| Deferred taxes | 168 | €5,292 | €3,144 | -€2,148 | -40.6% |
| Amounts payable | 17/49 | €197,610 | €172,654 | -€24,957 | -12.6% |
| Amounts payable after more than one year | 17 | €146,849 | €113,779 | -€33,070 | -22.5% |
| Financial debts | 170/4 | €146,849 | €113,779 | -€33,070 | -22.5% |
| Amounts payable within one year | 42/48 | €50,761 | €58,875 | +€8,113 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €32,811 | €33,070 | +€259 | +0.8% |
| Trade debts | 44 | €6,043 | €6,361 | +€318 | +5.3% |
| Suppliers | 440/4 | €6,043 | €6,361 | +€318 | +5.3% |
| Taxes, remuneration and social security | 45 | €5,416 | €10,280 | +€4,864 | +89.8% |
| Taxes | 450/3 | €5,416 | €10,280 | +€4,864 | +89.8% |
| Other amounts payable | 47/48 | €6,491 | €9,164 | +€2,673 | +41.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,789 | €44,346 | +€557 | +1.3% |
| Other operating charges | 640/8 | €2,478 | €2,927 | +€449 | +18.1% |
| Gross operating margin | 9900 | €55,353 | €71,101 | +€15,748 | +28.4% |
| Operating profit (loss) | 9901 | €9,086 | €23,828 | +€14,741 | +162.2% |
| Financial income | 75/76B | €4 | €12 | +€8 | +188.6% |
| Recurring financial income | 75 | €4 | €12 | +€8 | +188.6% |
| Financial charges | 65/66B | €12,318 | €16,147 | +€3,829 | +31.1% |
| Recurring financial charges | 65 | €17,235 | €16,147 | -€1,088 | -6.3% |
| Non-recurring financial charges | 66B | -€4,917 | €0 | +€4,917 | |
| Profit (loss) for the period before taxes | 9903 | -€3,227 | €7,693 | +€10,920 | |
| Transfer from deferred taxes | 780 | €1,416 | €2,148 | +€731 | +51.6% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €1,379 | €4,445 | +€3,066 | +222.4% |
| Profit (loss) for the period | 9904 | -€3,189 | €5,396 | +€8,585 | |
| Transfer from tax-exempt reserves | 789 | €5,666 | €8,591 | +€2,925 | +51.6% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €2,476 | €13,987 | +€11,510 | +464.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.