KOROGROUP: 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.
KOROGROUP
Largest movements
- Receivables within one year -€18,503
down €18,503 (-85.1%), from €21,746 to €3,244
- Cash +€4,371
up €4,371 (+31.5%), from €13,885 to €18,255
mainly Receivables within one year (+€18,503) and Depreciation (+€4,338)
- Tangible fixed assets -€3,450
down €3,450 (-35.5%), from €9,707 to €6,258
- Intangible fixed assets -€498
down €498 (-28.2%), from €1,761 to €1,264
- Profit (loss) carried forward -€9,160
down €9,160 (-47.1%), from €19,430 to €10,270
- Tax, wage and social debts -€6,189
down €6,189 (-43.8%), from €14,143 to €7,954
of which Taxes: -€7,689
- Other debts -€2,651
down €2,651 (-47.6%), from €5,567 to €2,917
- Gross operating margin -€21,799
down €21,799, from €18,235 to -€3,565
- Taxes -€3,606
down €3,606 (-100%), from €3,606 to €0
- Depreciation +€2,561
up €2,561 (+144%), from €1,777 to €4,338
- Staff costs +€786
new in 2025: €786
- Financial charges +€188
up €188 (+185%), from €102 to €289
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 | €47,100 | €29,020 | -€18,079 | -38.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €11,469 | €7,522 | -€3,947 | -34.4% |
| Intangible fixed assets | 21 | €1,761 | €1,264 | -€498 | -28.2% |
| Tangible fixed assets | 22/27 | €9,707 | €6,258 | -€3,450 | -35.5% |
| Furniture and vehicles | 24 | €9,707 | €6,258 | -€3,450 | -35.5% |
| Current assets | 29/58 | €35,631 | €21,499 | -€14,132 | -39.7% |
| Amounts receivable within one year | 40/41 | €21,746 | €3,244 | -€18,503 | -85.1% |
| Trade receivables | 40 | €21,746 | €3,244 | -€18,503 | -85.1% |
| Cash at bank and in hand | 54/58 | €13,885 | €18,255 | +€4,371 | +31.5% |
| Total equity and liabilities | 10/49 | €47,100 | €29,020 | -€18,079 | -38.4% |
| Equity | 10/15 | €24,430 | €15,270 | -€9,160 | -37.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,430 | €10,270 | -€9,160 | -47.1% |
| Amounts payable | 17/49 | €22,670 | €13,751 | -€8,919 | -39.3% |
| Amounts payable within one year | 42/48 | €22,670 | €13,751 | -€8,919 | -39.3% |
| Trade debts | 44 | €2,960 | €2,880 | -€80 | -2.7% |
| Suppliers | 440/4 | €2,960 | €2,880 | -€80 | -2.7% |
| Taxes, remuneration and social security | 45 | €14,143 | €7,954 | -€6,189 | -43.8% |
| Taxes | 450/3 | €14,143 | €6,454 | -€7,689 | -54.4% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €5,567 | €2,917 | -€2,651 | -47.6% |
| Remuneration, social security and pensions | 62 | - | €786 | +€786 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,777 | €4,338 | +€2,561 | +144% |
| Other operating charges | 640/8 | €45 | €182 | +€137 | +304% |
| Gross operating margin | 9900 | €18,235 | -€3,565 | -€21,799 | |
| Operating profit (loss) | 9901 | €16,413 | -€8,871 | -€25,284 | |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €102 | €289 | +€188 | +185% |
| Recurring financial charges | 65 | €102 | €289 | +€188 | +185% |
| Profit (loss) for the period before taxes | 9903 | €16,316 | -€9,160 | -€25,476 | |
| Income taxes | 67/77 | €3,606 | €0 | -€3,606 | -100% |
| Profit (loss) for the period | 9904 | €12,710 | -€9,160 | -€21,870 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,710 | -€9,160 | -€21,870 |
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 21 October 2026 via checked.be.