Korotec: 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.
Korotec
Largest movements
- Receivables within one year +€24,783
up €24,783 (+196%), from €12,614 to €37,397
of which Trade receivables: +€15,760
- Cash -€19,715
down €19,715 (-14.6%), from €134,928 to €115,213
mainly Receivables within one year (-€24,783) and Other debts (-€7,139)
- Current investments +€5,907
up €5,907 (+2.8%), from €213,764 to €219,671
- Reserves +€16,334
up €16,334 (+4.7%), from €349,322 to €365,655
of which Distributable reserves: +€16,334
- Other debts -€7,139
down €7,139 (-100.0%), from €7,139 to €0
- Gross operating margin -€33,788
down €33,788 (-55.2%), from €61,160 to €27,372
- Taxes -€9,545
down €9,545 (-57.8%), from €16,523 to €6,979
- Financial charges -€1,625
down €1,625 (-46.7%), from €3,476 to €1,851
- Financial income -€737
down €737 (-14.6%), from €5,057 to €4,320
- Depreciation +€619
up €619 (+19.5%), from €3,174 to €3,793
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 | €374,661 | €382,283 | +€7,622 | +2.0% |
| Fixed assets | 21/28 | €13,355 | €9,562 | -€3,793 | -28.4% |
| Tangible fixed assets | 22/27 | €13,355 | €9,562 | -€3,793 | -28.4% |
| Land and buildings | 22 | €1,284 | €1,080 | -€205 | -15.9% |
| Furniture and vehicles | 24 | €12,070 | €8,482 | -€3,588 | -29.7% |
| Current assets | 29/58 | €361,307 | €372,721 | +€11,415 | +3.2% |
| Amounts receivable within one year | 40/41 | €12,614 | €37,397 | +€24,783 | +196% |
| Trade receivables | 40 | €12,614 | €28,375 | +€15,760 | +125% |
| Other amounts receivable | 41 | - | €9,023 | +€9,023 | |
| Current investments | 50/53 | €213,764 | €219,671 | +€5,907 | +2.8% |
| Cash at bank and in hand | 54/58 | €134,928 | €115,213 | -€19,715 | -14.6% |
| Deferred charges and accrued income | 490/1 | - | €440 | +€440 | |
| Total equity and liabilities | 10/49 | €374,661 | €382,283 | +€7,622 | +2.0% |
| Equity | 10/15 | €355,522 | €371,855 | +€16,334 | +4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €349,322 | €365,655 | +€16,334 | +4.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €347,462 | €363,795 | +€16,334 | +4.7% |
| Amounts payable | 17/49 | €19,140 | €10,428 | -€8,712 | -45.5% |
| Amounts payable within one year | 42/48 | €18,423 | €10,428 | -€7,995 | -43.4% |
| Trade debts | 44 | €4,570 | €3,438 | -€1,132 | -24.8% |
| Suppliers | 440/4 | €4,570 | €3,438 | -€1,132 | -24.8% |
| Taxes, remuneration and social security | 45 | €6,713 | €6,990 | +€276 | +4.1% |
| Taxes | 450/3 | €4,713 | €4,990 | +€276 | +5.9% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €7,139 | €0 | -€7,139 | -100.0% |
| Accrued charges and deferred income | 492/3 | €717 | - | -€717 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,174 | €3,793 | +€619 | +19.5% |
| Other operating charges | 640/8 | €2,625 | €2,736 | +€111 | +4.2% |
| Gross operating margin | 9900 | €61,160 | €27,372 | -€33,788 | -55.2% |
| Operating profit (loss) | 9901 | €55,361 | €20,843 | -€34,517 | -62.3% |
| Financial income | 75/76B | €5,057 | €4,320 | -€737 | -14.6% |
| Recurring financial income | 75 | €5,057 | €4,320 | -€737 | -14.6% |
| Financial charges | 65/66B | €3,476 | €1,851 | -€1,625 | -46.7% |
| Recurring financial charges | 65 | €3,476 | €1,851 | -€1,625 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €56,942 | €23,312 | -€33,630 | -59.1% |
| Income taxes | 67/77 | €16,523 | €6,979 | -€9,545 | -57.8% |
| Profit (loss) for the period | 9904 | €40,418 | €16,334 | -€24,085 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,418 | €16,334 | -€24,085 | -59.6% |
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.