KORKIMMO: 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.
KORKIMMO
Largest movements
- Cash -€93,237
down €93,237 (-46.4%), from €201,002 to €107,765
mainly Investment in fixed assets (net) (-€48,196) and Receivables within one year (-€33,391)
- Tangible fixed assets +€35,454
up €35,454 (+13.7%), from €258,823 to €294,277
- Receivables within one year +€33,391
new in 2025: €33,391
- Debts after one year -€25,000
down €25,000 (-17.9%), from €140,000 to €115,000
- Profit (loss) carried forward -€19,868
down €19,868 (-367.4%), from -€5,407 to -€25,275
- Trade debts +€16,809
up €16,809 (+109.7%), from €15,329 to €32,138
- Depreciation +€2,624
up €2,624 (+25.9%), from €10,118 to €12,742
- Financial charges -€441
down €441 (-3.7%), from €11,881 to €11,440
- Gross operating margin -€214
down €214 (-3.5%), from €6,102 to €5,889
- Other operating charges -€83
down €83 (-5.0%), from €1,658 to €1,575
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 | €461,008 | €435,433 | -€25,575 | -5.5% |
| Fixed assets | 21/28 | €258,823 | €294,277 | +€35,454 | +13.7% |
| Tangible fixed assets | 22/27 | €258,823 | €294,277 | +€35,454 | +13.7% |
| Land and buildings | 22 | €258,823 | €294,277 | +€35,454 | +13.7% |
| Current assets | 29/58 | €202,185 | €141,156 | -€61,029 | -30.2% |
| Amounts receivable within one year | 40/41 | - | €33,391 | +€33,391 | |
| Trade receivables | 40 | - | €33,391 | +€33,391 | |
| Cash at bank and in hand | 54/58 | €201,002 | €107,765 | -€93,237 | -46.4% |
| Deferred charges and accrued income | 490/1 | €1,183 | - | -€1,183 | |
| Total equity and liabilities | 10/49 | €461,008 | €435,433 | -€25,575 | -5.5% |
| Equity | 10/15 | €298,124 | €278,256 | -€19,868 | -6.7% |
| Contributions | 10/11 | €303,531 | €303,531 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,407 | -€25,275 | -€19,868 | -367.4% |
| Amounts payable | 17/49 | €162,884 | €157,177 | -€5,707 | -3.5% |
| Amounts payable after more than one year | 17 | €140,000 | €115,000 | -€25,000 | -17.9% |
| Other amounts payable | 178/9 | €140,000 | €115,000 | -€25,000 | -17.9% |
| Amounts payable within one year | 42/48 | €17,284 | €37,077 | +€19,793 | +114.5% |
| Trade debts | 44 | €15,329 | €32,138 | +€16,809 | +109.7% |
| Suppliers | 440/4 | €15,329 | €32,138 | +€16,809 | +109.7% |
| Other amounts payable | 47/48 | €1,955 | €4,939 | +€2,984 | +152.6% |
| Accrued charges and deferred income | 492/3 | €5,600 | €5,100 | -€500 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,118 | €12,742 | +€2,624 | +25.9% |
| Other operating charges | 640/8 | €1,658 | €1,575 | -€83 | -5.0% |
| Gross operating margin | 9900 | €6,102 | €5,889 | -€214 | -3.5% |
| Operating profit (loss) | 9901 | -€5,674 | -€8,428 | -€2,754 | -48.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €11,881 | €11,440 | -€441 | -3.7% |
| Recurring financial charges | 65 | €11,881 | €11,440 | -€441 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,553 | -€19,868 | -€2,314 | -13.2% |
| Income taxes | 67/77 | -€3 | - | +€3 | |
| Profit (loss) for the period | 9904 | -€17,550 | -€19,868 | -€2,317 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,550 | -€19,868 | -€2,317 | -13.2% |
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 2 October 2026 via checked.be.