KOROLYK: 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.
KOROLYK
Largest movements
- Current investments +€12,000
up €12,000 (+32.8%), from €36,575 to €48,575
- Tangible fixed assets -€11,653
down €11,653 (-2.7%), from €424,220 to €412,568
of which Land and buildings: -€11,667
- Cash -€7,188
down €7,188 (-6.9%), from €104,530 to €97,342
mainly Contributions, distributions and other (-€65,529) and Debts after one year (-€18,168)
- Other debts +€18,992
up €18,992 (+54.2%), from €35,015 to €54,007
- Debts after one year -€18,168
down €18,168 (-7.3%), from €247,695 to €229,527
- Reserves -€14,598
down €14,598 (-5.3%), from €274,064 to €259,466
- Other operating charges +€11,975
up €11,975 (+440%), from €2,720 to €14,696
- Gross operating margin -€4,867
down €4,867 (-4.5%), from €108,243 to €103,376
- Taxes -€1,479
down €1,479 (-8.9%), from €16,597 to €15,118
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 | €607,193 | €598,183 | -€9,010 | -1.5% |
| Fixed assets | 21/28 | €424,220 | €412,568 | -€11,653 | -2.7% |
| Tangible fixed assets | 22/27 | €424,220 | €412,568 | -€11,653 | -2.7% |
| Land and buildings | 22 | €411,887 | €400,220 | -€11,667 | -2.8% |
| Plant, machinery and equipment | 23 | €1,227 | €731 | -€496 | -40.4% |
| Furniture and vehicles | 24 | €6,995 | €6,205 | -€790 | -11.3% |
| Other tangible fixed assets | 26 | €4,112 | €5,411 | +€1,300 | +31.6% |
| Current assets | 29/58 | €182,973 | €185,615 | +€2,643 | +1.4% |
| Amounts receivable within one year | 40/41 | €37,685 | €38,619 | +€934 | +2.5% |
| Trade receivables | 40 | €37,669 | €35,816 | -€1,853 | -4.9% |
| Other amounts receivable | 41 | €16 | €2,803 | +€2,787 | +17,495% |
| Current investments | 50/53 | €36,575 | €48,575 | +€12,000 | +32.8% |
| Cash at bank and in hand | 54/58 | €104,530 | €97,342 | -€7,188 | -6.9% |
| Deferred charges and accrued income | 490/1 | €4,183 | €1,079 | -€3,103 | -74.2% |
| Total equity and liabilities | 10/49 | €607,193 | €598,183 | -€9,010 | -1.5% |
| Equity | 10/15 | €292,614 | €278,016 | -€14,598 | -5.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €274,064 | €259,466 | -€14,598 | -5.3% |
| Distributable reserves | 133 | €274,064 | €259,466 | -€14,598 | -5.3% |
| Amounts payable | 17/49 | €314,579 | €320,167 | +€5,589 | +1.8% |
| Amounts payable after more than one year | 17 | €247,695 | €229,527 | -€18,168 | -7.3% |
| Financial debts | 170/4 | €247,695 | €229,527 | -€18,168 | -7.3% |
| Amounts payable within one year | 42/48 | €66,884 | €90,301 | +€23,417 | +35.0% |
| Current portion of amounts payable after more than one year | 42 | €17,836 | €18,168 | +€332 | +1.9% |
| Trade debts | 44 | €1,827 | €3,670 | +€1,843 | +101% |
| Suppliers | 440/4 | €1,827 | €3,670 | +€1,843 | +101% |
| Taxes, remuneration and social security | 45 | €12,206 | €14,456 | +€2,250 | +18.4% |
| Taxes | 450/3 | €12,206 | €12,156 | -€50 | -0.4% |
| Remuneration and social security | 454/9 | - | €2,300 | +€2,300 | |
| Other amounts payable | 47/48 | €35,015 | €54,007 | +€18,992 | +54.2% |
| Accrued charges and deferred income | 492/3 | - | €340 | +€340 | |
| Non-recurring operating income | 76A | €23,783 | - | -€23,783 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,851 | €14,153 | +€301 | +2.2% |
| Other operating charges | 640/8 | €2,720 | €14,696 | +€11,975 | +440% |
| Gross operating margin | 9900 | €108,243 | €103,376 | -€4,867 | -4.5% |
| Operating profit (loss) | 9901 | €91,671 | €74,528 | -€17,143 | -18.7% |
| Financial income | 75/76B | €838 | €1,405 | +€567 | +67.7% |
| Recurring financial income | 75 | €838 | €1,405 | +€567 | +67.7% |
| Financial charges | 65/66B | €10,547 | €9,883 | -€664 | -6.3% |
| Recurring financial charges | 65 | €10,547 | €9,883 | -€664 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €81,962 | €66,049 | -€15,912 | -19.4% |
| Income taxes | 67/77 | €16,597 | €15,118 | -€1,479 | -8.9% |
| Profit (loss) for the period | 9904 | €65,364 | €50,931 | -€14,434 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,364 | €50,931 | -€14,434 | -22.1% |
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 16 October 2026 via checked.be.