ANN - KARIN: what changed
Two fiscal 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.
ANN - KARIN
Largest movements
- Cash -€30,814
down €30,814 (-79.0%), from €39,005 to €8,191
mainly Receivables within one year (-€18,072) and Net result for the year (-€11,232)
- Receivables within one year +€18,072
up €18,072 (+43.8%), from €41,222 to €59,294
of which Other amounts receivable: +€19,090
- Stocks and contracts -€2,630
no longer reported in 2025 (was €2,630)
- Deferred charges and accrued income +€1,078
up €1,078 (+60.3%), from €1,788 to €2,866
- Profit (loss) carried forward -€11,232
down €11,232 (-921.4%), from -€1,219 to -€12,451
- Trade debts -€6,126
down €6,126 (-84.2%), from €7,275 to €1,149
- Tax, wage and social debts +€2,749
up €2,749 (+116.1%), from €2,368 to €5,117
of which Taxes: +€3,202
- Gross operating margin -€33,316
down €33,316, from €25,070 to -€8,246
- Staff costs -€6,698
down €6,698 (-61.1%), from €10,970 to €4,272
- Other operating charges -€3,461
down €3,461 (-76.2%), from €4,544 to €1,083
- Financial income +€1,315
up €1,315 (+69.9%), from €1,880 to €3,196
of which Financial income: +€1,595
- Taxes -€1,234
down €1,234, from €583 to -€651
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 | €85,043 | €70,434 | -€14,609 | -17.2% |
| Fixed assets | 21/28 | €398 | €83 | -€315 | -79.2% |
| Tangible fixed assets | 22/27 | €398 | €83 | -€315 | -79.2% |
| Plant, machinery and equipment | 23 | €398 | €83 | -€315 | -79.2% |
| Current assets | 29/58 | €84,645 | €70,351 | -€14,294 | -16.9% |
| Stocks and contracts in progress | 3 | €2,630 | - | -€2,630 | |
| Stocks | 30/36 | €2,630 | - | -€2,630 | |
| Amounts receivable within one year | 40/41 | €41,222 | €59,294 | +€18,072 | +43.8% |
| Trade receivables | 40 | €1,017 | - | -€1,017 | |
| Other amounts receivable | 41 | €40,205 | €59,294 | +€19,090 | +47.5% |
| Cash at bank and in hand | 54/58 | €39,005 | €8,191 | -€30,814 | -79.0% |
| Deferred charges and accrued income | 490/1 | €1,788 | €2,866 | +€1,078 | +60.3% |
| Total equity and liabilities | 10/49 | €85,043 | €70,434 | -€14,609 | -17.2% |
| Equity | 10/15 | €75,399 | €64,167 | -€11,232 | -14.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €15,118 | €15,118 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €8,968 | €8,968 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,219 | -€12,451 | -€11,232 | -921.4% |
| Amounts payable | 17/49 | €9,644 | €6,267 | -€3,377 | -35.0% |
| Amounts payable within one year | 42/48 | €9,644 | €6,267 | -€3,377 | -35.0% |
| Trade debts | 44 | €7,275 | €1,149 | -€6,126 | -84.2% |
| Suppliers | 440/4 | €7,275 | €1,149 | -€6,126 | -84.2% |
| Taxes, remuneration and social security | 45 | €2,368 | €5,117 | +€2,749 | +116.1% |
| Taxes | 450/3 | €1,464 | €4,666 | +€3,202 | +218.8% |
| Remuneration and social security | 454/9 | €905 | €451 | -€453 | -50.1% |
| Remuneration, social security and pensions | 62 | €10,970 | €4,272 | -€6,698 | -61.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €476 | €315 | -€161 | -33.9% |
| Other operating charges | 640/8 | €4,544 | €1,083 | -€3,461 | -76.2% |
| Gross operating margin | 9900 | €25,070 | -€8,246 | -€33,316 | |
| Operating profit (loss) | 9901 | €9,079 | -€13,916 | -€22,995 | |
| Financial income | 75/76B | €1,880 | €3,196 | +€1,315 | +69.9% |
| Recurring financial income | 75 | €1,601 | €3,196 | +€1,595 | +99.6% |
| Non-recurring financial income | 76B | €280 | - | -€280 | |
| Financial charges | 65/66B | €1,409 | €1,163 | -€247 | -17.5% |
| Recurring financial charges | 65 | €1,409 | €1,163 | -€247 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €9,551 | -€11,883 | -€21,434 | |
| Income taxes | 67/77 | €583 | -€651 | -€1,234 | |
| Profit (loss) for the period | 9904 | €8,968 | -€11,232 | -€20,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,968 | -€11,232 | -€20,200 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.