KORU COMPANY: what changed
What changed
KORU COMPANY
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€4,315
2024 · €19,846-€24,161
Equity
€138,754
2024 · €143,069-€4,315
Cash
€32,729
2024 · €13,075+€19,654
Balance sheet total
€864,163
2024 · €882,675-€18,513
Largest movements
Assets
- Tangible fixed assets -€45,499
down €45,499 (-5.2%), from €867,107 to €821,608
of which Land and buildings: -€36,037
- Cash +€19,654
up €19,654 (+150%), from €13,075 to €32,729
mainly Depreciation (+€46,523) and Other debts (+€24,615)
Equity and liabilities
- Debts after one year -€34,823
down €34,823 (-6.7%), from €521,499 to €486,676
of which Financial debts: -€34,823
- Other debts +€24,615
up €24,615 (+14.9%), from €165,050 to €189,664
Income statement
- Gross operating margin -€28,457
down €28,457 (-31.4%), from €90,505 to €62,048
- Taxes -€8,183
down €8,183 (-97.3%), from €8,411 to €228
- Financial charges +€2,805
up €2,805 (+27.2%), from €10,331 to €13,136
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€19,846
Gross operating margin
-€28,457
Depreciation
-€323
Other operating charges
-€360
Financial income
-€399
Financial charges
-€2,805
Taxes
+€8,183
Result 2025
-€4,315
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€59,642
Investment
-€1,024
Financing
-€38,964
Cash 2024
€13,075
From operations (derived)
+€59,642
Net result for the year
-€4,315
Depreciation
+€46,523
Receivables within one year
-€7,331
Deferred charges and accrued income
-€1
Trade debts
-€717
Tax, wage and social debts
+€1,381
Other debts
+€24,615
Accrued charges and deferred income
-€512
Investment (derived)
-€1,024
Investment in fixed assets (net)
-€1,024
Financing
-€38,964
Debts after one year
-€34,823
Current portion of long-term debt
-€4,141
Cash 2025
€32,729
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €882,675 | €864,163 | -€18,513 | -2.1% |
| Fixed assets | 21/28 | €867,107 | €821,608 | -€45,499 | -5.2% |
| Tangible fixed assets | 22/27 | €867,107 | €821,608 | -€45,499 | -5.2% |
| Land and buildings | 22 | €838,528 | €802,491 | -€36,037 | -4.3% |
| Furniture and vehicles | 24 | €28,578 | €19,117 | -€9,462 | -33.1% |
| Current assets | 29/58 | €15,569 | €42,555 | +€26,986 | +173% |
| Amounts receivable within one year | 40/41 | €2,441 | €9,772 | +€7,331 | +300% |
| Trade receivables | 40 | €732 | €0 | -€732 | -100% |
| Other amounts receivable | 41 | €1,709 | €9,772 | +€8,063 | +472% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €13,075 | €32,729 | +€19,654 | +150% |
| Deferred charges and accrued income | 490/1 | €53 | €54 | +€1 | +2.2% |
| Total equity and liabilities | 10/49 | €882,675 | €864,163 | -€18,513 | -2.1% |
| Equity | 10/15 | €143,069 | €138,754 | -€4,315 | -3.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €140,069 | €140,069 | = | 0.0% |
| Distributable reserves | 133 | €140,069 | €140,069 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,315 | -€4,315 | |
| Amounts payable | 17/49 | €739,607 | €725,408 | -€14,198 | -1.9% |
| Amounts payable after more than one year | 17 | €521,499 | €486,676 | -€34,823 | -6.7% |
| Financial debts | 170/4 | €463,599 | €428,776 | -€34,823 | -7.5% |
| Other amounts payable | 178/9 | €57,900 | €57,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €214,063 | €235,200 | +€21,137 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €40,680 | €36,539 | -€4,141 | -10.2% |
| Trade debts | 44 | €1,827 | €1,110 | -€717 | -39.2% |
| Suppliers | 440/4 | €1,827 | €1,110 | -€717 | -39.2% |
| Taxes, remuneration and social security | 45 | €6,505 | €7,886 | +€1,381 | +21.2% |
| Taxes | 450/3 | €6,505 | €7,886 | +€1,381 | +21.2% |
| Other amounts payable | 47/48 | €165,050 | €189,664 | +€24,615 | +14.9% |
| Accrued charges and deferred income | 492/3 | €4,045 | €3,533 | -€512 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,200 | €46,523 | +€323 | +0.7% |
| Other operating charges | 640/8 | €6,115 | €6,475 | +€360 | +5.9% |
| Gross operating margin | 9900 | €90,505 | €62,048 | -€28,457 | -31.4% |
| Operating profit (loss) | 9901 | €38,190 | €9,050 | -€29,140 | -76.3% |
| Financial income | 75/76B | €399 | €0 | -€399 | -100% |
| Recurring financial income | 75 | €399 | €0 | -€399 | -100% |
| Financial charges | 65/66B | €10,331 | €13,136 | +€2,805 | +27.2% |
| Recurring financial charges | 65 | €10,331 | €13,136 | +€2,805 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €28,257 | -€4,086 | -€32,343 | |
| Income taxes | 67/77 | €8,411 | €228 | -€8,183 | -97.3% |
| Profit (loss) for the period | 9904 | €19,846 | -€4,315 | -€24,161 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,846 | -€4,315 | -€24,161 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.