KORLAM: what changed
What changed
KORLAM
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€212,660
2024 · -€1,794+€214,454
Equity
€1.8m
2024 · -€6,066+€1.8m
Cash
€383,936
2024 · €5+€383,931
Balance sheet total
€6.4m
2024 · €5+€6.4m
Largest movements
Assets
- Tangible fixed assets +€4.3m
new in 2025: €4.3m
of which Land and buildings: +€3.6m
- Receivables within one year +€876,860
new in 2025: €876,860
- Stocks and contracts +€848,793
new in 2025: €848,793
- Cash +€383,931
up €383,931 (+7,440,517%), from €5 to €383,936
mainly Debts after one year (+€2.8m) and Contributions, distributions and other (+€1.6m)
Equity and liabilities
- Debts after one year +€2.8m
new in 2025: €2.8m
- Contributions +€1.6m
up €1.6m (+24,104%), from €6,507 to €1.6m
- Other debts +€525,672
up €525,672 (+9,008%), from €5,836 to €531,507
- Trade debts +€513,547
up €513,547 (+217,651%), from €236 to €513,783
- Accrued charges and deferred income +€343,286
new in 2025: €343,286
Income statement
- Gross operating margin +€701,371
up €701,371, from -€1,749 to €699,622
- Staff costs +€509,558
new in 2025: €509,558
- Financial income +€484,002
new in 2025: €484,002
of which Financial income: +€484,002
- Depreciation +€330,407
new in 2025: €330,407
- Taxes +€79,130
new in 2025: €79,130
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1,794
Gross operating margin
+€701,371
Staff costs
-€509,558
Depreciation
-€330,407
Write-downs
-€31,091
Other operating charges
-€1,925
Financial income
+€484,002
Financial charges
-€18,808
Taxes
-€79,130
Result 2025
€212,660
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€537,674
Investment
-€4.6m
Financing
+€4.5m
Cash 2024
€5
From operations (derived)
+€537,674
Net result for the year
+€212,660
Depreciation
+€330,407
Stocks and contracts
-€848,793
Receivables within one year
-€876,860
Deferred charges and accrued income
-€4,905
Trade debts
+€513,547
Tax, wage and social debts
+€342,661
Other debts
+€525,672
Accrued charges and deferred income
+€343,286
Investment (derived)
-€4.6m
Investment in fixed assets (net)
-€4.6m
Financing
+€4.5m
Debts after one year
+€2.8m
Current portion of long-term debt
+€145,000
Contributions, distributions and other
+€1.6m
Cash 2025
€383,936
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5 | €6,406,325 | +€6.4m | +124,153,477% |
| Fixed assets | 21/28 | - | €4,291,830 | +€4.3m | |
| Intangible fixed assets | 21 | - | €20,820 | +€20,820 | |
| Tangible fixed assets | 22/27 | - | €4,271,010 | +€4.3m | |
| Land and buildings | 22 | - | €3,560,465 | +€3.6m | |
| Plant, machinery and equipment | 23 | - | €497,655 | +€497,655 | |
| Furniture and vehicles | 24 | - | €212,891 | +€212,891 | |
| Current assets | 29/58 | €5 | €2,114,495 | +€2.1m | +40,978,478% |
| Stocks and contracts in progress | 3 | - | €848,793 | +€848,793 | |
| Stocks | 30/36 | - | €848,793 | +€848,793 | |
| Amounts receivable within one year | 40/41 | - | €876,860 | +€876,860 | |
| Trade receivables | 40 | - | €876,860 | +€876,860 | |
| Cash at bank and in hand | 54/58 | €5 | €383,936 | +€383,931 | +7,440,517% |
| Deferred charges and accrued income | 490/1 | - | €4,905 | +€4,905 | |
| Total equity and liabilities | 10/49 | €5 | €6,406,325 | +€6.4m | +124,153,477% |
| Equity | 10/15 | -€6,066 | €1,775,087 | +€1.8m | |
| Contributions | 10/11 | €6,507 | €1,575,000 | +€1.6m | +24,104% |
| Profit (loss) carried forward | 14 | -€12,574 | €200,087 | +€212,660 | |
| Amounts payable | 17/49 | €6,072 | €4,631,238 | +€4.6m | +76,178% |
| Amounts payable after more than one year | 17 | - | €2,755,000 | +€2.8m | |
| Financial debts | 170/4 | - | €2,755,000 | +€2.8m | |
| Amounts payable within one year | 42/48 | €6,072 | €1,532,951 | +€1.5m | +25,148% |
| Current portion of amounts payable after more than one year | 42 | - | €145,000 | +€145,000 | |
| Trade debts | 44 | €236 | €513,783 | +€513,547 | +217,651% |
| Suppliers | 440/4 | €236 | €513,783 | +€513,547 | +217,651% |
| Taxes, remuneration and social security | 45 | - | €342,661 | +€342,661 | |
| Taxes | 450/3 | - | €197,548 | +€197,548 | |
| Remuneration and social security | 454/9 | - | €145,113 | +€145,113 | |
| Other amounts payable | 47/48 | €5,836 | €531,507 | +€525,672 | +9,008% |
| Accrued charges and deferred income | 492/3 | - | €343,286 | +€343,286 | |
| Remuneration, social security and pensions | 62 | - | €509,558 | +€509,558 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €330,407 | +€330,407 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €31,091 | +€31,091 | |
| Other operating charges | 640/8 | €0 | €1,925 | +€1,925 | |
| Gross operating margin | 9900 | -€1,749 | €699,622 | +€701,371 | |
| Operating profit (loss) | 9901 | -€1,749 | -€173,359 | -€171,610 | -9,812% |
| Financial income | 75/76B | - | €484,002 | +€484,002 | |
| Recurring financial income | 75 | - | €484,002 | +€484,002 | |
| Non-recurring financial income | 76B | - | €484,002 | +€484,002 | |
| Financial charges | 65/66B | €45 | €18,853 | +€18,808 | +41,795% |
| Recurring financial charges | 65 | €45 | €18,853 | +€18,808 | +41,795% |
| Profit (loss) for the period before taxes | 9903 | -€1,794 | €291,790 | +€293,584 | |
| Income taxes | 67/77 | - | €79,130 | +€79,130 | |
| Profit (loss) for the period | 9904 | -€1,794 | €212,660 | +€214,454 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,794 | €212,660 | +€214,454 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.