KORU LAW: 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.
KORU LAW
Largest movements
- Current investments -€51,000
no longer reported in 2025 (was €51,000)
- Cash +€28,735
up €28,735 (+440%), from €6,538 to €35,273
mainly Current investments (+€51,000) and Receivables within one year (+€6,406)
- Receivables within one year -€6,406
down €6,406 (-73.9%), from €8,664 to €2,258
- Profit (loss) carried forward -€20,697
down €20,697 (-42.1%), from -€49,196 to -€69,893
- Reserves -€8,650
down €8,650 (-8.4%), from €102,927 to €94,277
- Trade debts +€743
up €743 (+23.0%), from €3,238 to €3,982
- Gross operating margin -€10,635
down €10,635 (-111%), from -€9,544 to -€20,179
- Other operating charges +€794
up €794 (+628%), from €126 to €920
- Financial income -€216
down €216 (-16.2%), from €1,337 to €1,121
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 | €69,501 | €40,775 | -€28,726 | -41.3% |
| Fixed assets | 21/28 | €1,457 | €888 | -€569 | -39.1% |
| Tangible fixed assets | 22/27 | €1,457 | €888 | -€569 | -39.1% |
| Furniture and vehicles | 24 | €1,457 | €888 | -€569 | -39.1% |
| Current assets | 29/58 | €68,044 | €39,887 | -€28,157 | -41.4% |
| Amounts receivable within one year | 40/41 | €8,664 | €2,258 | -€6,406 | -73.9% |
| Other amounts receivable | 41 | €8,664 | €2,258 | -€6,406 | -73.9% |
| Current investments | 50/53 | €51,000 | - | -€51,000 | |
| Cash at bank and in hand | 54/58 | €6,538 | €35,273 | +€28,735 | +440% |
| Deferred charges and accrued income | 490/1 | €1,842 | €2,356 | +€514 | +27.9% |
| Total equity and liabilities | 10/49 | €69,501 | €40,775 | -€28,726 | -41.3% |
| Equity | 10/15 | €66,131 | €36,784 | -€29,347 | -44.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €102,927 | €94,277 | -€8,650 | -8.4% |
| Distributable reserves | 133 | €102,927 | €94,277 | -€8,650 | -8.4% |
| Profit (loss) carried forward | 14 | -€49,196 | -€69,893 | -€20,697 | -42.1% |
| Amounts payable | 17/49 | €3,370 | €3,991 | +€621 | +18.4% |
| Amounts payable within one year | 42/48 | €3,370 | €3,991 | +€621 | +18.4% |
| Trade debts | 44 | €3,238 | €3,982 | +€743 | +23.0% |
| Suppliers | 440/4 | €3,238 | €3,982 | +€743 | +23.0% |
| Taxes, remuneration and social security | 45 | €132 | €9 | -€122 | -92.9% |
| Taxes | 450/3 | €132 | €9 | -€122 | -92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €408 | €569 | +€162 | +39.7% |
| Other operating charges | 640/8 | €126 | €920 | +€794 | +628% |
| Gross operating margin | 9900 | -€9,544 | -€20,179 | -€10,635 | -111% |
| Operating profit (loss) | 9901 | -€10,079 | -€21,668 | -€11,590 | -115% |
| Financial income | 75/76B | €1,337 | €1,121 | -€216 | -16.2% |
| Recurring financial income | 75 | €1,337 | €1,121 | -€216 | -16.2% |
| Financial charges | 65/66B | €2 | €17 | +€15 | +801% |
| Recurring financial charges | 65 | €2 | €17 | +€15 | +801% |
| Profit (loss) for the period before taxes | 9903 | -€8,744 | -€20,565 | -€11,821 | -135% |
| Income taxes | 67/77 | €160 | €133 | -€27 | -17.1% |
| Profit (loss) for the period | 9904 | -€8,904 | -€20,697 | -€11,794 | -132% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,904 | -€20,697 | -€11,794 | -132% |
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 17 October 2026 via checked.be.