Korma Solar: 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.
Korma Solar
Largest movements
- Cash +€142,150
up €142,150 (+41.4%), from €343,637 to €485,788
mainly Other debts (+€215,785) and Net result for the year (+€107,155)
- Receivables within one year -€12,945
down €12,945 (-42.4%), from €30,497 to €17,552
of which Other amounts receivable: -€24,606
- Tangible fixed assets +€8,131
up €8,131 (+7.3%), from €111,529 to €119,660
of which Plant, machinery and equipment: +€7,477
- Deferred charges and accrued income -€8,077
down €8,077 (-49.7%), from €16,238 to €8,160
- Other debts +€215,785
new in 2025: €215,785
- Profit (loss) carried forward -€92,845
down €92,845 (-20.2%), from €459,381 to €366,536
- Tax, wage and social debts +€12,317
up €12,317 (+168%), from €7,324 to €19,641
- Advances received -€8,773
no longer reported in 2025 (was €8,773)
- Gross operating margin +€70,285
up €70,285 (+42.5%), from €165,215 to €235,501
- Taxes +€17,937
up €17,937 (+82.6%), from €21,704 to €39,641
- Depreciation +€3,397
up €3,397 (+4.1%), from €83,723 to €87,120
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 | €501,902 | €631,160 | +€129,258 | +25.8% |
| Fixed assets | 21/28 | €111,529 | €119,660 | +€8,131 | +7.3% |
| Tangible fixed assets | 22/27 | €111,529 | €119,660 | +€8,131 | +7.3% |
| Plant, machinery and equipment | 23 | €100,833 | €108,310 | +€7,477 | +7.4% |
| Furniture and vehicles | 24 | €10,696 | €11,350 | +€654 | +6.1% |
| Current assets | 29/58 | €390,372 | €511,500 | +€121,128 | +31.0% |
| Amounts receivable within one year | 40/41 | €30,497 | €17,552 | -€12,945 | -42.4% |
| Trade receivables | 40 | €3,594 | €15,254 | +€11,660 | +324% |
| Other amounts receivable | 41 | €26,904 | €2,298 | -€24,606 | -91.5% |
| Cash at bank and in hand | 54/58 | €343,637 | €485,788 | +€142,150 | +41.4% |
| Deferred charges and accrued income | 490/1 | €16,238 | €8,160 | -€8,077 | -49.7% |
| Total equity and liabilities | 10/49 | €501,902 | €631,160 | +€129,258 | +25.8% |
| Equity | 10/15 | €481,381 | €388,536 | -€92,845 | -19.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €459,381 | €366,536 | -€92,845 | -20.2% |
| Amounts payable | 17/49 | €20,521 | €242,624 | +€222,103 | +1,082% |
| Amounts payable within one year | 42/48 | €17,294 | €239,866 | +€222,572 | +1,287% |
| Trade debts | 44 | €1,197 | €4,440 | +€3,243 | +271% |
| Suppliers | 440/4 | €1,197 | €4,440 | +€3,243 | +271% |
| Advances received on contracts in progress | 46 | €8,773 | - | -€8,773 | |
| Taxes, remuneration and social security | 45 | €7,324 | €19,641 | +€12,317 | +168% |
| Taxes | 450/3 | €7,324 | €19,641 | +€12,317 | +168% |
| Other amounts payable | 47/48 | - | €215,785 | +€215,785 | |
| Accrued charges and deferred income | 492/3 | €3,227 | €2,758 | -€469 | -14.5% |
| Remuneration, social security and pensions | 62 | €294 | €968 | +€674 | +230% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,723 | €87,120 | +€3,397 | +4.1% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €165,215 | €235,501 | +€70,285 | +42.5% |
| Operating profit (loss) | 9901 | €80,747 | €146,947 | +€66,200 | +82.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -90.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -90.0% |
| Financial charges | 65/66B | €24 | €150 | +€126 | +526% |
| Recurring financial charges | 65 | €24 | €150 | +€126 | +526% |
| Profit (loss) for the period before taxes | 9903 | €80,724 | €146,797 | +€66,073 | +81.9% |
| Income taxes | 67/77 | €21,704 | €39,641 | +€17,937 | +82.6% |
| Profit (loss) for the period | 9904 | €59,020 | €107,155 | +€48,136 | +81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,020 | €107,155 | +€48,136 | +81.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.