KORMOBEL: 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.
KORMOBEL
Largest movements
- Cash +€36,959
up €36,959 (+59.4%), from €62,200 to €99,159
mainly Depreciation (+€28,309) and Net result for the year (+€26,763)
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€332,001
down €332,001 (-100%), from €332,001 to €0
of which Financial income: -€318,001
- Gross operating margin -€64,409
down €64,409 (-41.3%), from €155,806 to €91,397
- Taxes -€20,008
down €20,008 (-56.9%), from €35,153 to €15,145
- Depreciation +€1,999
up €1,999 (+7.6%), from €26,310 to €28,309
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 | €2,878,176 | €2,894,593 | +€16,417 | +0.6% |
| Fixed assets | 21/28 | €2,190,781 | €2,171,081 | -€19,700 | -0.9% |
| Tangible fixed assets | 22/27 | €43,545 | €15,236 | -€28,309 | -65.0% |
| Furniture and vehicles | 24 | €43,545 | €15,236 | -€28,309 | -65.0% |
| Financial fixed assets | 28 | €2,147,236 | €2,155,845 | +€8,609 | +0.4% |
| Current assets | 29/58 | €687,395 | €723,512 | +€36,117 | +5.3% |
| Amounts receivable within one year | 40/41 | €624,789 | €622,947 | -€1,842 | -0.3% |
| Trade receivables | 40 | €9,718 | €22,030 | +€12,312 | +127% |
| Other amounts receivable | 41 | €615,072 | €600,917 | -€14,154 | -2.3% |
| Cash at bank and in hand | 54/58 | €62,200 | €99,159 | +€36,959 | +59.4% |
| Deferred charges and accrued income | 490/1 | €405 | €1,406 | +€1,001 | +247% |
| Total equity and liabilities | 10/49 | €2,878,176 | €2,894,593 | +€16,417 | +0.6% |
| Equity | 10/15 | €1,854,065 | €1,880,828 | +€26,763 | +1.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €189,872 | €189,872 | = | 0.0% |
| Distributable reserves | 133 | €189,872 | €189,872 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,644,193 | €1,670,955 | +€26,763 | +1.6% |
| Amounts payable | 17/49 | €1,024,111 | €1,013,765 | -€10,346 | -1.0% |
| Amounts payable after more than one year | 17 | €1,008,925 | €980,921 | -€28,005 | -2.8% |
| Financial debts | 170/4 | €18,896 | €5,679 | -€13,217 | -69.9% |
| Other amounts payable | 178/9 | €990,029 | €975,242 | -€14,787 | -1.5% |
| Amounts payable within one year | 42/48 | €14,217 | €32,844 | +€18,627 | +131% |
| Current portion of amounts payable after more than one year | 42 | €12,656 | €13,217 | +€562 | +4.4% |
| Trade debts | 44 | €408 | €17,483 | +€17,075 | +4,189% |
| Suppliers | 440/4 | €408 | €17,483 | +€17,075 | +4,189% |
| Taxes, remuneration and social security | 45 | €176 | €2,145 | +€1,968 | +1,117% |
| Taxes | 450/3 | €176 | €2,145 | +€1,968 | +1,117% |
| Other amounts payable | 47/48 | €977 | €0 | -€977 | -100% |
| Accrued charges and deferred income | 492/3 | €968 | €0 | -€968 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,310 | €28,309 | +€1,999 | +7.6% |
| Other operating charges | 640/8 | €1,576 | €2,069 | +€493 | +31.3% |
| Gross operating margin | 9900 | €155,806 | €91,397 | -€64,409 | -41.3% |
| Operating profit (loss) | 9901 | €127,920 | €61,019 | -€66,901 | -52.3% |
| Financial income | 75/76B | €332,001 | €0 | -€332,001 | -100% |
| Recurring financial income | 75 | €318,001 | €0 | -€318,001 | -100% |
| Non-recurring financial income | 76B | €14,000 | €0 | -€14,000 | -100% |
| Financial charges | 65/66B | €19,217 | €19,111 | -€106 | -0.5% |
| Recurring financial charges | 65 | €19,217 | €19,111 | -€106 | -0.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €440,704 | €41,907 | -€398,797 | -90.5% |
| Income taxes | 67/77 | €35,153 | €15,145 | -€20,008 | -56.9% |
| Profit (loss) for the period | 9904 | €405,551 | €26,763 | -€378,788 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €405,551 | €26,763 | -€378,788 | -93.4% |
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 13 October 2026 via checked.be.