KORMAN: 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.
KORMAN
Largest movements
- Receivables within one year +€2,970
up €2,970 (+8.4%), from €35,246 to €38,216
- Profit (loss) carried forward +€3,039
up €3,039 (+4880.0%), from €62 to €3,101
- Gross operating margin -€261
down €261 (-5.4%), from €4,820 to €4,559
- Taxes -€68
down €68 (-6.3%), from €1,081 to €1,013
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,744 | €126,714 | +€2,970 | +2.4% |
| Fixed assets | 21/28 | €88,498 | €88,498 | = | 0.0% |
| Tangible fixed assets | 22/27 | €88,498 | €88,498 | = | 0.0% |
| Land and buildings | 22 | €88,498 | €88,498 | = | 0.0% |
| Current assets | 29/58 | €35,246 | €38,216 | +€2,970 | +8.4% |
| Amounts receivable within one year | 40/41 | €35,246 | €38,216 | +€2,970 | +8.4% |
| Other amounts receivable | 41 | €35,246 | €38,216 | +€2,970 | +8.4% |
| Total equity and liabilities | 10/49 | €123,744 | €126,714 | +€2,970 | +2.4% |
| Equity | 10/15 | €110,873 | €113,912 | +€3,039 | +2.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €42,611 | €42,611 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62 | €3,101 | +€3,039 | +4880.0% |
| Amounts payable | 17/49 | €12,871 | €12,802 | -€68 | -0.5% |
| Amounts payable within one year | 42/48 | €12,871 | €12,802 | -€68 | -0.5% |
| Taxes, remuneration and social security | 45 | €81 | €13 | -€68 | -84.1% |
| Taxes | 450/3 | €81 | €13 | -€68 | -84.1% |
| Other amounts payable | 47/48 | €12,789 | €12,789 | = | 0.0% |
| Other operating charges | 640/8 | €465 | €477 | +€13 | +2.8% |
| Gross operating margin | 9900 | €4,820 | €4,559 | -€261 | -5.4% |
| Operating profit (loss) | 9901 | €4,355 | €4,082 | -€274 | -6.3% |
| Financial charges | 65/66B | €30 | €30 | = | 0.0% |
| Recurring financial charges | 65 | €30 | €30 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €4,325 | €4,052 | -€274 | -6.3% |
| Income taxes | 67/77 | €1,081 | €1,013 | -€68 | -6.3% |
| Profit (loss) for the period | 9904 | €3,244 | €3,039 | -€205 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,244 | €3,039 | -€205 | -6.3% |
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 10 October 2026 via checked.be.