KORKUT CONSTRUCT: 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.
KORKUT CONSTRUCT
Largest movements
- Cash -€2,498
no longer reported in 2025 (was €2,498)
mainly Net result for the year (-€34,162)
- Tangible fixed assets -€2,125
down €2,125 (-1.8%), from €119,056 to €116,931
- Profit (loss) carried forward -€34,162
down €34,162 (-88.1%), from -€38,771 to -€72,933
- Other debts +€23,070
up €23,070 (+15.6%), from €147,796 to €170,866
- Contributions +€5,300
up €5,300 (+39.9%), from €13,292 to €18,592
- Taxes +€30,675
new in 2025: €30,675
- Gross operating margin -€1,362
new in 2025: -€1,362
- Other operating charges -€212
no longer reported in 2025 (was €212)
- Financial charges -€57
no longer reported in 2025 (was €57)
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 | €123,681 | €117,889 | -€5,792 | -4.7% |
| Fixed assets | 21/28 | €119,056 | €116,931 | -€2,125 | -1.8% |
| Tangible fixed assets | 22/27 | €119,056 | €116,931 | -€2,125 | -1.8% |
| Land and buildings | 22 | €119,056 | €116,931 | -€2,125 | -1.8% |
| Current assets | 29/58 | €4,625 | €958 | -€3,667 | -79.3% |
| Amounts receivable within one year | 40/41 | €2,127 | €958 | -€1,169 | -55.0% |
| Trade receivables | 40 | €195 | €958 | +€763 | +391% |
| Other amounts receivable | 41 | €1,932 | - | -€1,932 | |
| Cash at bank and in hand | 54/58 | €2,498 | - | -€2,498 | |
| Total equity and liabilities | 10/49 | €123,681 | €117,889 | -€5,792 | -4.7% |
| Equity | 10/15 | -€24,115 | -€52,977 | -€28,862 | -120% |
| Contributions | 10/11 | €13,292 | €18,592 | +€5,300 | +39.9% |
| Reserves | 13 | €1,364 | €1,364 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,364 | €1,364 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,364 | €1,364 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,771 | -€72,933 | -€34,162 | -88.1% |
| Amounts payable | 17/49 | €147,796 | €170,866 | +€23,070 | +15.6% |
| Amounts payable within one year | 42/48 | €147,796 | €170,866 | +€23,070 | +15.6% |
| Other amounts payable | 47/48 | €147,796 | €170,866 | +€23,070 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,123 | €2,125 | +€2 | +0.1% |
| Other operating charges | 640/8 | €212 | - | -€212 | |
| Gross operating margin | 9900 | - | -€1,362 | -€1,362 | |
| Operating profit (loss) | 9901 | -€2,335 | -€3,487 | -€1,152 | -49.3% |
| Financial charges | 65/66B | €57 | - | -€57 | |
| Recurring financial charges | 65 | €57 | - | -€57 | |
| Profit (loss) for the period before taxes | 9903 | -€2,392 | -€3,487 | -€1,095 | -45.8% |
| Income taxes | 67/77 | - | €30,675 | +€30,675 | |
| Profit (loss) for the period | 9904 | -€2,392 | -€34,162 | -€31,770 | -1,328% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,392 | -€34,162 | -€31,770 | -1,328% |
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 15 October 2026 via checked.be.