KORKMAZ16: 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.
KORKMAZ16
Largest movements
- Tangible fixed assets -€25,918
down €25,918 (-35.1%), from €73,737 to €47,819
of which Furniture and vehicles: -€24,673
- Receivables within one year -€12,551
no longer reported in 2025 (was €12,551)
- Cash +€4,404
up €4,404 (+103%), from €4,288 to €8,692
mainly Depreciation (+€25,918) and Receivables within one year (+€12,551)
- Profit (loss) carried forward -€25,968
down €25,968, from €2,544 to -€23,423
- Debts after one year -€12,885
down €12,885 (-27.5%), from €46,789 to €33,904
- Tax, wage and social debts +€6,726
up €6,726 (+229%), from €2,940 to €9,666
of which Remuneration and social security: +€6,119
- Current portion of long-term debt -€1,904
down €1,904 (-19.1%), from €9,958 to €8,054
- Gross operating margin -€19,569
down €19,569 (-42.1%), from €46,529 to €26,960
- Staff costs +€13,310
up €13,310 (+182%), from €7,328 to €20,638
- Other operating charges -€1,828
down €1,828 (-45.7%), from €4,001 to €2,172
- Financial charges -€1,728
down €1,728 (-54.7%), from €3,161 to €1,433
- Taxes +€976
up €976 (+54.4%), from €1,792 to €2,768
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 | €107,192 | €73,126 | -€34,065 | -31.8% |
| Fixed assets | 21/28 | €77,337 | €51,419 | -€25,918 | -33.5% |
| Tangible fixed assets | 22/27 | €73,737 | €47,819 | -€25,918 | -35.1% |
| Plant, machinery and equipment | 23 | €8,805 | €7,560 | -€1,245 | -14.1% |
| Furniture and vehicles | 24 | €64,932 | €40,259 | -€24,673 | -38.0% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €29,855 | €21,707 | -€8,148 | -27.3% |
| Stocks and contracts in progress | 3 | €13,016 | €13,016 | = | 0.0% |
| Stocks | 30/36 | €13,016 | €13,016 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,551 | - | -€12,551 | |
| Other amounts receivable | 41 | €12,551 | - | -€12,551 | |
| Cash at bank and in hand | 54/58 | €4,288 | €8,692 | +€4,404 | +103% |
| Total equity and liabilities | 10/49 | €107,192 | €73,126 | -€34,065 | -31.8% |
| Equity | 10/15 | €42,633 | €16,666 | -€25,968 | -60.9% |
| Contributions | 10/11 | €40,089 | €40,089 | = | 0.0% |
| Capital | 10 | €89 | €89 | = | 0.0% |
| Issued capital | 100 | €89 | €89 | = | 0.0% |
| Contributions outside capital | 11 | €40,000 | €40,000 | = | 0.0% |
| Other | 1109/19 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,544 | -€23,423 | -€25,968 | |
| Amounts payable | 17/49 | €64,558 | €56,461 | -€8,098 | -12.5% |
| Amounts payable after more than one year | 17 | €46,789 | €33,904 | -€12,885 | -27.5% |
| Financial debts | 170/4 | €46,789 | €33,904 | -€12,885 | -27.5% |
| Amounts payable within one year | 42/48 | €17,769 | €22,556 | +€4,787 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €9,958 | €8,054 | -€1,904 | -19.1% |
| Trade debts | 44 | €4,872 | €4,837 | -€35 | -0.7% |
| Suppliers | 440/4 | €4,872 | €4,837 | -€35 | -0.7% |
| Taxes, remuneration and social security | 45 | €2,940 | €9,666 | +€6,726 | +229% |
| Taxes | 450/3 | €2,507 | €3,113 | +€606 | +24.2% |
| Remuneration and social security | 454/9 | €433 | €6,552 | +€6,119 | +1,414% |
| Remuneration, social security and pensions | 62 | €7,328 | €20,638 | +€13,310 | +182% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,123 | €25,918 | -€205 | -0.8% |
| Other operating charges | 640/8 | €4,001 | €2,172 | -€1,828 | -45.7% |
| Gross operating margin | 9900 | €46,529 | €26,960 | -€19,569 | -42.1% |
| Operating profit (loss) | 9901 | €9,078 | -€21,767 | -€30,846 | |
| Financial income | 75/76B | €580 | - | -€580 | |
| Recurring financial income | 75 | €580 | - | -€580 | |
| Financial charges | 65/66B | €3,161 | €1,433 | -€1,728 | -54.7% |
| Recurring financial charges | 65 | €3,161 | €1,433 | -€1,728 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | €6,497 | -€23,200 | -€29,697 | |
| Income taxes | 67/77 | €1,792 | €2,768 | +€976 | +54.4% |
| Profit (loss) for the period | 9904 | €4,705 | -€25,968 | -€30,673 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,705 | -€25,968 | -€30,673 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.