KORSY: 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.
KORSY
Largest movements
- Receivables within one year -€3,651
down €3,651 (-87.1%), from €4,189 to €539
of which Trade receivables: -€4,189
- Tangible fixed assets -€1,793
down €1,793 (-31.4%), from €5,711 to €3,918
of which Furniture and vehicles: -€1,524
- Cash +€1,187
up €1,187 (+5.8%), from €20,417 to €21,604
mainly Accrued charges and deferred income (+€7,661) and Receivables within one year (+€3,651)
- Accrued charges and deferred income +€7,661
up €7,661 (+300%), from €2,554 to €10,215
- Profit (loss) carried forward -€5,824
down €5,824 (-85.8%), from -€6,790 to -€12,614
- Other debts -€4,935
down €4,935 (-19.6%), from €25,152 to €20,217
- Tax, wage and social debts -€2,201
down €2,201 (-34.5%), from €6,381 to €4,180
of which Taxes: -€2,201
- Trade debts +€867
up €867 (+134%), from €646 to €1,513
- Gross operating margin -€1,203
down €1,203 (-117%), from -€1,025 to -€2,227
- Depreciation +€1,035
up €1,035 (+137%), from €758 to €1,793
- Taxes -€600
down €600, from €457 to -€144
- Financial charges +€374
up €374 (+31.5%), from €1,186 to €1,560
- Other operating charges -€50
down €50 (-11.5%), from €437 to €387
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 | €30,942 | €26,510 | -€4,433 | -14.3% |
| Fixed assets | 21/28 | €5,711 | €3,918 | -€1,793 | -31.4% |
| Tangible fixed assets | 22/27 | €5,711 | €3,918 | -€1,793 | -31.4% |
| Plant, machinery and equipment | 23 | €1,265 | €995 | -€269 | -21.3% |
| Furniture and vehicles | 24 | €4,446 | €2,922 | -€1,524 | -34.3% |
| Current assets | 29/58 | €25,232 | €22,592 | -€2,640 | -10.5% |
| Amounts receivable within one year | 40/41 | €4,189 | €539 | -€3,651 | -87.1% |
| Trade receivables | 40 | €4,189 | - | -€4,189 | |
| Other amounts receivable | 41 | - | €539 | +€539 | |
| Cash at bank and in hand | 54/58 | €20,417 | €21,604 | +€1,187 | +5.8% |
| Deferred charges and accrued income | 490/1 | €625 | €450 | -€176 | -28.1% |
| Total equity and liabilities | 10/49 | €30,942 | €26,510 | -€4,433 | -14.3% |
| Equity | 10/15 | -€3,790 | -€9,614 | -€5,824 | -154% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,790 | -€12,614 | -€5,824 | -85.8% |
| Amounts payable | 17/49 | €34,732 | €36,124 | +€1,392 | +4.0% |
| Amounts payable within one year | 42/48 | €32,179 | €25,909 | -€6,270 | -19.5% |
| Trade debts | 44 | €646 | €1,513 | +€867 | +134% |
| Suppliers | 440/4 | €646 | €1,513 | +€867 | +134% |
| Taxes, remuneration and social security | 45 | €6,381 | €4,180 | -€2,201 | -34.5% |
| Taxes | 450/3 | €2,781 | €580 | -€2,201 | -79.1% |
| Remuneration and social security | 454/9 | €3,600 | €3,600 | = | 0.0% |
| Other amounts payable | 47/48 | €25,152 | €20,217 | -€4,935 | -19.6% |
| Accrued charges and deferred income | 492/3 | €2,554 | €10,215 | +€7,661 | +300% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €758 | €1,793 | +€1,035 | +137% |
| Other operating charges | 640/8 | €437 | €387 | -€50 | -11.5% |
| Non-recurring operating charges | 66A | €2,928 | - | -€2,928 | |
| Gross operating margin | 9900 | -€1,025 | -€2,227 | -€1,203 | -117% |
| Operating profit (loss) | 9901 | -€5,147 | -€4,408 | +€739 | +14.4% |
| Financial charges | 65/66B | €1,186 | €1,560 | +€374 | +31.5% |
| Recurring financial charges | 65 | €1,186 | €1,560 | +€374 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,334 | -€5,968 | +€365 | +5.8% |
| Income taxes | 67/77 | €457 | -€144 | -€600 | |
| Profit (loss) for the period | 9904 | -€6,790 | -€5,824 | +€966 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,790 | -€5,824 | +€966 | +14.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.