KoruConnect: 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.
KoruConnect
Largest movements
- Tangible fixed assets -€4,598
down €4,598 (-31.7%), from €14,512 to €9,914
of which Other tangible fixed assets: -€4,356
- Receivables within one year +€3,541
up €3,541 (+191.7%), from €1,847 to €5,388
of which Trade receivables: +€3,705
- Cash +€793
up €793 (+6.2%), from €12,722 to €13,514
mainly Depreciation (+€4,606) and Tax, wage and social debts (+€2,305)
- Tax, wage and social debts +€2,305
up €2,305 (+321.5%), from €717 to €3,022
- Trade debts -€1,059
down €1,059 (-36.1%), from €2,935 to €1,876
- Other debts -€924
down €924 (-0.9%), from €101,556 to €100,632
- Profit (loss) carried forward -€515
down €515 (-0.6%), from -€81,970 to -€82,485
- Gross operating margin -€7,283
down €7,283 (-59.3%), from €12,276 to €4,993
- Financial charges +€369
up €369 (+531.2%), from €70 to €439
- Depreciation -€183
down €183 (-3.8%), from €4,789 to €4,606
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 | €29,504 | €29,312 | -€192 | -0.6% |
| Fixed assets | 21/28 | €14,521 | €9,914 | -€4,606 | -31.7% |
| Intangible fixed assets | 21 | €8 | - | -€8 | |
| Tangible fixed assets | 22/27 | €14,512 | €9,914 | -€4,598 | -31.7% |
| Furniture and vehicles | 24 | €564 | €321 | -€242 | -43.0% |
| Other tangible fixed assets | 26 | €13,949 | €9,593 | -€4,356 | -31.2% |
| Current assets | 29/58 | €14,983 | €19,398 | +€4,415 | +29.5% |
| Amounts receivable within one year | 40/41 | €1,847 | €5,388 | +€3,541 | +191.7% |
| Trade receivables | 40 | €1,680 | €5,385 | +€3,705 | +220.6% |
| Other amounts receivable | 41 | €167 | €3 | -€164 | -98.1% |
| Cash at bank and in hand | 54/58 | €12,722 | €13,514 | +€793 | +6.2% |
| Deferred charges and accrued income | 490/1 | €414 | €495 | +€81 | +19.7% |
| Total equity and liabilities | 10/49 | €29,504 | €29,312 | -€192 | -0.6% |
| Equity | 10/15 | -€75,770 | -€76,285 | -€515 | -0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,970 | -€82,485 | -€515 | -0.6% |
| Amounts payable | 17/49 | €105,274 | €105,597 | +€323 | +0.3% |
| Amounts payable within one year | 42/48 | €105,208 | €105,530 | +€322 | +0.3% |
| Trade debts | 44 | €2,935 | €1,876 | -€1,059 | -36.1% |
| Suppliers | 440/4 | €2,935 | €1,876 | -€1,059 | -36.1% |
| Taxes, remuneration and social security | 45 | €717 | €3,022 | +€2,305 | +321.5% |
| Taxes | 450/3 | €717 | €3,022 | +€2,305 | +321.5% |
| Other amounts payable | 47/48 | €101,556 | €100,632 | -€924 | -0.9% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,789 | €4,606 | -€183 | -3.8% |
| Other operating charges | 640/8 | €453 | €467 | +€14 | +3.0% |
| Gross operating margin | 9900 | €12,276 | €4,993 | -€7,283 | -59.3% |
| Operating profit (loss) | 9901 | €7,034 | -€80 | -€7,114 | |
| Financial income | 75/76B | €11 | €39 | +€28 | +264.0% |
| Recurring financial income | 75 | €11 | €39 | +€28 | +264.0% |
| Financial charges | 65/66B | €70 | €439 | +€369 | +531.2% |
| Recurring financial charges | 65 | €70 | €439 | +€369 | +531.2% |
| Profit (loss) for the period before taxes | 9903 | €6,975 | -€481 | -€7,455 | |
| Income taxes | 67/77 | - | €34 | +€34 | |
| Profit (loss) for the period | 9904 | €6,975 | -€515 | -€7,490 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,975 | -€515 | -€7,490 |
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 11 October 2026 via checked.be.