This is the adjoining deck section to the photo above with the chisel. As you can see the color of the balsa is telling you how wet it is. If you scrape out this core and compress it between your fingers it drips water like a sponge would.
It should be noted that at this stage of rot (early) the core is still tightly bonded to the skins. If this moisture were allowed to continue the color of the balsa would continue to darken and literally rot away leaving no strength.