KORUJABUILD: 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.
KORUJABUILD
Largest movements
- Receivables within one year -€19,596
down €19,596 (-42.8%), from €45,814 to €26,218
of which Other amounts receivable: -€16,721
- Cash -€2,458
down €2,458 (-49.7%), from €4,944 to €2,486
mainly Trade debts (-€20,028) and Other debts (-€3,005)
- Tangible fixed assets -€1,467
down €1,467 (-57.1%), from €2,567 to €1,100
- Deferred charges and accrued income +€1,106
new in 2024: €1,106
- Trade debts -€20,028
down €20,028 (-65.0%), from €30,803 to €10,775
of which Bills of exchange payable: -€30,803
- Other debts -€3,005
no longer reported in 2024 (was €3,005)
- Profit (loss) carried forward +€1,983
up €1,983 (+12.7%), from €15,600 to €17,584
- Tax, wage and social debts -€1,365
down €1,365 (-56.5%), from €2,417 to €1,052
- Gross operating margin +€7,220
up €7,220 (+144%), from €5,027 to €12,247
- Write-downs +€4,690
new in 2024: €4,690
- Financial charges -€1,869
down €1,869 (-59.7%), from €3,132 to €1,263
- Staff costs +€1,213
up €1,213 (+148%), from €823 to €2,036
- Other operating charges -€974
down €974 (-54.7%), from €1,783 to €808
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,325 | €30,911 | -€22,414 | -42.0% |
| Fixed assets | 21/28 | €2,567 | €1,100 | -€1,467 | -57.1% |
| Tangible fixed assets | 22/27 | €2,567 | €1,100 | -€1,467 | -57.1% |
| Furniture and vehicles | 24 | €2,567 | €1,100 | -€1,467 | -57.1% |
| Current assets | 29/58 | €50,758 | €29,811 | -€20,948 | -41.3% |
| Amounts receivable within one year | 40/41 | €45,814 | €26,218 | -€19,596 | -42.8% |
| Trade receivables | 40 | €26,967 | €24,092 | -€2,875 | -10.7% |
| Other amounts receivable | 41 | €18,847 | €2,126 | -€16,721 | -88.7% |
| Cash at bank and in hand | 54/58 | €4,944 | €2,486 | -€2,458 | -49.7% |
| Deferred charges and accrued income | 490/1 | - | €1,106 | +€1,106 | |
| Total equity and liabilities | 10/49 | €53,325 | €30,911 | -€22,414 | -42.0% |
| Equity | 10/15 | €17,100 | €19,084 | +€1,983 | +11.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,600 | €17,584 | +€1,983 | +12.7% |
| Amounts payable | 17/49 | €36,224 | €11,827 | -€24,398 | -67.4% |
| Amounts payable within one year | 42/48 | €36,224 | €11,827 | -€24,398 | -67.4% |
| Trade debts | 44 | €30,803 | €10,775 | -€20,028 | -65.0% |
| Suppliers | 440/4 | - | €10,775 | +€10,775 | |
| Bills of exchange payable | 441 | €30,803 | - | -€30,803 | |
| Taxes, remuneration and social security | 45 | €2,417 | €1,052 | -€1,365 | -56.5% |
| Taxes | 450/3 | €2,417 | €1,052 | -€1,365 | -56.5% |
| Other amounts payable | 47/48 | €3,005 | - | -€3,005 | |
| Remuneration, social security and pensions | 62 | €823 | €2,036 | +€1,213 | +148% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,467 | €1,467 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,690 | +€4,690 | |
| Other operating charges | 640/8 | €1,783 | €808 | -€974 | -54.7% |
| Gross operating margin | 9900 | €5,027 | €12,247 | +€7,220 | +144% |
| Operating profit (loss) | 9901 | €955 | €3,246 | +€2,291 | +240% |
| Financial charges | 65/66B | €3,132 | €1,263 | -€1,869 | -59.7% |
| Recurring financial charges | 65 | €3,132 | €1,263 | -€1,869 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,177 | €1,983 | +€4,161 | |
| Profit (loss) for the period | 9904 | -€2,177 | €1,983 | +€4,161 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,177 | €1,983 | +€4,161 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.