KORONDY: 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.
KORONDY
Largest movements
- Tangible fixed assets -€123,381
down €123,381 (-6.8%), from €1.8m to €1.7m
of which Land and buildings: -€83,215
- Cash +€25,904
up €25,904 (+38.0%), from €68,238 to €94,142
mainly Depreciation (+€224,489) and Net result for the year (+€111,386)
- Current investments +€21,696
up €21,696 (+38.4%), from €56,500 to €78,196
- Debts after one year -€121,877
down €121,877 (-10.4%), from €1.2m to €1.0m
- Reserves +€40,445
up €40,445 (+6.5%), from €618,744 to €659,189
- Other debts +€28,712
up €28,712, from €0 to €28,712
- Gross operating margin +€153,664
up €153,664 (+59.7%), from €257,315 to €410,978
- Taxes +€43,721
up €43,721 (+2,099%), from €2,083 to €45,804
- Depreciation +€8,689
up €8,689 (+4.0%), from €215,799 to €224,489
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 | €2,042,866 | €1,957,742 | -€85,124 | -4.2% |
| Fixed assets | 21/28 | €1,815,097 | €1,691,716 | -€123,381 | -6.8% |
| Tangible fixed assets | 22/27 | €1,815,097 | €1,691,716 | -€123,381 | -6.8% |
| Land and buildings | 22 | €1,575,898 | €1,492,684 | -€83,215 | -5.3% |
| Plant, machinery and equipment | 23 | €181,175 | €156,472 | -€24,703 | -13.6% |
| Furniture and vehicles | 24 | €58,024 | €42,560 | -€15,463 | -26.7% |
| Current assets | 29/58 | €227,769 | €266,027 | +€38,258 | +16.8% |
| Amounts receivable within one year | 40/41 | €102,161 | €92,890 | -€9,271 | -9.1% |
| Trade receivables | 40 | €34,546 | €60,133 | +€25,588 | +74.1% |
| Other amounts receivable | 41 | €67,616 | €32,757 | -€34,859 | -51.6% |
| Current investments | 50/53 | €56,500 | €78,196 | +€21,696 | +38.4% |
| Cash at bank and in hand | 54/58 | €68,238 | €94,142 | +€25,904 | +38.0% |
| Deferred charges and accrued income | 490/1 | €869 | €798 | -€71 | -8.2% |
| Total equity and liabilities | 10/49 | €2,042,866 | €1,957,742 | -€85,124 | -4.2% |
| Equity | 10/15 | €643,533 | €683,979 | +€40,445 | +6.3% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €618,744 | €659,189 | +€40,445 | +6.5% |
| Distributable reserves | 133 | €618,744 | €659,189 | +€40,445 | +6.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,399,333 | €1,273,764 | -€125,569 | -9.0% |
| Amounts payable after more than one year | 17 | €1,167,477 | €1,045,599 | -€121,877 | -10.4% |
| Financial debts | 170/4 | €1,167,477 | €1,045,599 | -€121,877 | -10.4% |
| Amounts payable within one year | 42/48 | €231,856 | €224,714 | -€7,142 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €185,501 | €172,294 | -€13,207 | -7.1% |
| Trade debts | 44 | €11,843 | €7,789 | -€4,054 | -34.2% |
| Suppliers | 440/4 | €11,843 | €7,789 | -€4,054 | -34.2% |
| Taxes, remuneration and social security | 45 | €34,512 | €15,920 | -€18,592 | -53.9% |
| Taxes | 450/3 | €34,512 | €15,920 | -€18,592 | -53.9% |
| Other amounts payable | 47/48 | €0 | €28,712 | +€28,712 | |
| Accrued charges and deferred income | 492/3 | - | €3,450 | +€3,450 | |
| Non-recurring operating income | 76A | €8,243 | €20,000 | +€11,757 | +143% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215,799 | €224,489 | +€8,689 | +4.0% |
| Other operating charges | 640/8 | €6,700 | €9,652 | +€2,952 | +44.1% |
| Gross operating margin | 9900 | €257,315 | €410,978 | +€153,664 | +59.7% |
| Operating profit (loss) | 9901 | €34,815 | €176,838 | +€142,023 | +408% |
| Financial income | 75/76B | €2,418 | €410 | -€2,008 | -83.0% |
| Recurring financial income | 75 | €2,418 | €410 | -€2,008 | -83.0% |
| Financial charges | 65/66B | €16,640 | €20,058 | +€3,419 | +20.5% |
| Recurring financial charges | 65 | €16,640 | €20,058 | +€3,419 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €20,594 | €157,190 | +€136,596 | +663% |
| Income taxes | 67/77 | €2,083 | €45,804 | +€43,721 | +2,099% |
| Profit (loss) for the period | 9904 | €18,511 | €111,386 | +€92,875 | +502% |
| Profit (loss) for the period to be appropriated | 9905 | €18,511 | €111,386 | +€92,875 | +502% |
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 19 October 2026 via checked.be.