KORPS 12: 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.
KORPS 12
Largest movements
- Receivables within one year +€2,469
up €2,469 (+13.2%), from €18,728 to €21,197
of which Other amounts receivable: +€1,458
- Tangible fixed assets -€2,384
down €2,384 (-20.1%), from €11,850 to €9,466
of which Furniture and vehicles: -€2,384
- Deferred charges and accrued income +€715
up €715 (+98.1%), from €729 to €1,444
- Reserves +€1,532
up €1,532 (+8.3%), from €18,353 to €19,885
of which Distributable reserves: +€1,532
- Trade debts -€1,090
down €1,090 (-40.7%), from €2,676 to €1,586
- Gross operating margin +€19,468
up €19,468 (+706%), from €2,758 to €22,226
- Write-downs +€2,118
new in 2025: €2,118
- Depreciation +€1,172
up €1,172 (+96.7%), from €1,212 to €2,384
- Financial income -€765
down €765 (-46.0%), from €1,662 to €897
- Other operating charges -€296
down €296 (-1.9%), from €15,540 to €15,244
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 | €38,330 | €38,896 | +€566 | +1.5% |
| Fixed assets | 21/28 | €12,440 | €10,056 | -€2,384 | -19.2% |
| Tangible fixed assets | 22/27 | €11,850 | €9,466 | -€2,384 | -20.1% |
| Furniture and vehicles | 24 | €10,708 | €8,324 | -€2,384 | -22.3% |
| Other tangible fixed assets | 26 | €1,142 | €1,142 | = | 0.0% |
| Financial fixed assets | 28 | €590 | €590 | = | 0.0% |
| Current assets | 29/58 | €25,889 | €28,840 | +€2,951 | +11.4% |
| Amounts receivable within one year | 40/41 | €18,728 | €21,197 | +€2,469 | +13.2% |
| Trade receivables | 40 | €2,539 | €3,550 | +€1,011 | +39.8% |
| Other amounts receivable | 41 | €16,189 | €17,646 | +€1,458 | +9.0% |
| Cash at bank and in hand | 54/58 | €6,433 | €6,200 | -€233 | -3.6% |
| Deferred charges and accrued income | 490/1 | €729 | €1,444 | +€715 | +98.1% |
| Total equity and liabilities | 10/49 | €38,330 | €38,896 | +€566 | +1.5% |
| Equity | 10/15 | €33,653 | €35,185 | +€1,532 | +4.6% |
| Contributions | 10/11 | €15,300 | €15,300 | = | 0.0% |
| Reserves | 13 | €18,353 | €19,885 | +€1,532 | +8.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €18,353 | €19,885 | +€1,532 | +8.3% |
| Amounts payable | 17/49 | €4,676 | €3,711 | -€965 | -20.6% |
| Amounts payable within one year | 42/48 | €3,476 | €2,710 | -€765 | -22.0% |
| Trade debts | 44 | €2,676 | €1,586 | -€1,090 | -40.7% |
| Suppliers | 440/4 | €2,676 | €1,586 | -€1,090 | -40.7% |
| Taxes, remuneration and social security | 45 | €800 | €1,124 | +€324 | +40.5% |
| Taxes | 450/3 | €800 | €1,124 | +€324 | +40.5% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,000 | -€200 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,212 | €2,384 | +€1,172 | +96.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,118 | +€2,118 | |
| Other operating charges | 640/8 | €15,540 | €15,244 | -€296 | -1.9% |
| Gross operating margin | 9900 | €2,758 | €22,226 | +€19,468 | +706% |
| Operating profit (loss) | 9901 | -€13,994 | €2,481 | +€16,475 | |
| Financial income | 75/76B | €1,662 | €897 | -€765 | -46.0% |
| Recurring financial income | 75 | €1,662 | €897 | -€765 | -46.0% |
| Financial charges | 65/66B | €1,569 | €1,646 | +€77 | +4.9% |
| Recurring financial charges | 65 | €1,569 | €1,646 | +€77 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,901 | €1,733 | +€15,633 | |
| Income taxes | 67/77 | €211 | €201 | -€10 | -4.6% |
| Profit (loss) for the period | 9904 | -€14,111 | €1,532 | +€15,643 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,111 | €1,532 | +€15,643 |
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 15 October 2026 via checked.be.