Korso: what changed
Two fiscal 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.
Korso
Largest movements
- Cash +€12,528
up €12,528 (+44.1%), from €28,437 to €40,964
mainly Net result for the year (+€39,449) and Other debts (+€7,608)
- Receivables within one year -€4,453
down €4,453 (-10.5%), from €42,409 to €37,956
of which Other amounts receivable: -€3,235
- Other debts +€7,608
up €7,608 (+9.1%), from €83,452 to €91,059
- Tax, wage and social debts -€1,722
no longer reported in 2025 (was €1,722)
- Trade debts +€1,601
up €1,601 (+141.3%), from €1,133 to €2,734
- Financial charges -€39,761
down €39,761 (-97.1%), from €40,965 to €1,204
- Taxes +€6,804
up €6,804 (+148.1%), from €4,594 to €11,398
- Gross operating margin -€6,278
down €6,278 (-10.2%), from €61,772 to €55,494
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.
Cash bridge derived
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 | €104,906 | €112,393 | +€7,487 | +7.1% |
| Fixed assets | 21/28 | €31,024 | €30,603 | -€421 | -1.4% |
| Tangible fixed assets | 22/27 | €31,024 | €30,603 | -€421 | -1.4% |
| Furniture and vehicles | 24 | €3,100 | €3,574 | +€474 | +15.3% |
| Other tangible fixed assets | 26 | €27,924 | €27,029 | -€895 | -3.2% |
| Current assets | 29/58 | €73,882 | €81,790 | +€7,908 | +10.7% |
| Amounts receivable within one year | 40/41 | €42,409 | €37,956 | -€4,453 | -10.5% |
| Trade receivables | 40 | €31,003 | €29,786 | -€1,217 | -3.9% |
| Other amounts receivable | 41 | €11,406 | €8,170 | -€3,235 | -28.4% |
| Cash at bank and in hand | 54/58 | €28,437 | €40,964 | +€12,528 | +44.1% |
| Deferred charges and accrued income | 490/1 | €3,037 | €2,870 | -€167 | -5.5% |
| Total equity and liabilities | 10/49 | €104,906 | €112,393 | +€7,487 | +7.1% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €86,306 | €93,793 | +€7,487 | +8.7% |
| Amounts payable within one year | 42/48 | €86,306 | €93,793 | +€7,487 | +8.7% |
| Trade debts | 44 | €1,133 | €2,734 | +€1,601 | +141.3% |
| Suppliers | 440/4 | €1,133 | €2,734 | +€1,601 | +141.3% |
| Taxes, remuneration and social security | 45 | €1,722 | - | -€1,722 | |
| Taxes | 450/3 | €1,722 | - | -€1,722 | |
| Other amounts payable | 47/48 | €83,452 | €91,059 | +€7,608 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,942 | €2,485 | -€456 | -15.5% |
| Other operating charges | 640/8 | €1,459 | €957 | -€503 | -34.4% |
| Gross operating margin | 9900 | €61,772 | €55,494 | -€6,278 | -10.2% |
| Operating profit (loss) | 9901 | €57,371 | €52,051 | -€5,319 | -9.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €40,965 | €1,204 | -€39,761 | -97.1% |
| Recurring financial charges | 65 | €40,965 | €1,204 | -€39,761 | -97.1% |
| Profit (loss) for the period before taxes | 9903 | €16,405 | €50,848 | +€34,442 | +209.9% |
| Income taxes | 67/77 | €4,594 | €11,398 | +€6,804 | +148.1% |
| Profit (loss) for the period | 9904 | €11,811 | €39,449 | +€27,638 | +234.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,811 | €39,449 | +€27,638 | +234.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.