KARA: 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.
KARA
Largest movements
- Receivables within one year +€46,619
up €46,619 (+133.5%), from €34,920 to €81,539
of which Other amounts receivable: +€52,463
- Tangible fixed assets -€27,182
down €27,182 (-23.5%), from €115,681 to €88,499
of which Leasing and similar rights: -€28,300
- Profit (loss) carried forward +€35,197
up €35,197 (+126.6%), from €27,792 to €62,989
- Debts after one year -€18,681
down €18,681 (-27.0%), from €69,152 to €50,471
- Tax, wage and social debts +€8,617
up €8,617 (+100.3%), from €8,590 to €17,207
of which Taxes: +€8,409
- Other debts -€6,947
no longer reported in 2025 (was €6,947)
- Trade debts -€3,167
down €3,167 (-25.7%), from €12,339 to €9,172
- Gross operating margin +€17,952
up €17,952 (+27.7%), from €64,722 to €82,674
- Taxes +€5,264
up €5,264 (+140.4%), from €3,750 to €9,014
- Staff costs +€4,046
new in 2025: €4,046
- Depreciation +€1,834
up €1,834 (+6.8%), from €26,852 to €28,686
- Financial income +€1,306
new in 2025: €1,306
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 | €152,242 | €170,405 | +€18,163 | +11.9% |
| Fixed assets | 21/28 | €115,816 | €88,634 | -€27,182 | -23.5% |
| Tangible fixed assets | 22/27 | €115,681 | €88,499 | -€27,182 | -23.5% |
| Plant, machinery and equipment | 23 | - | €1,118 | +€1,118 | |
| Leasing and similar rights | 25 | €115,681 | €87,381 | -€28,300 | -24.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €36,426 | €81,771 | +€45,345 | +124.5% |
| Amounts receivable within one year | 40/41 | €34,920 | €81,539 | +€46,619 | +133.5% |
| Trade receivables | 40 | €34,920 | €29,076 | -€5,844 | -16.7% |
| Other amounts receivable | 41 | - | €52,463 | +€52,463 | |
| Cash at bank and in hand | 54/58 | €69 | €231 | +€163 | +237.5% |
| Deferred charges and accrued income | 490/1 | €1,437 | - | -€1,437 | |
| Total equity and liabilities | 10/49 | €152,242 | €170,405 | +€18,163 | +11.9% |
| Equity | 10/15 | €37,792 | €72,989 | +€35,197 | +93.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,792 | €62,989 | +€35,197 | +126.6% |
| Amounts payable | 17/49 | €114,450 | €97,416 | -€17,034 | -14.9% |
| Amounts payable after more than one year | 17 | €69,152 | €50,471 | -€18,681 | -27.0% |
| Financial debts | 170/4 | €69,152 | €50,471 | -€18,681 | -27.0% |
| Amounts payable within one year | 42/48 | €45,298 | €45,059 | -€239 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €17,422 | €18,681 | +€1,259 | +7.2% |
| Trade debts | 44 | €12,339 | €9,172 | -€3,167 | -25.7% |
| Suppliers | 440/4 | €12,339 | €9,172 | -€3,167 | -25.7% |
| Taxes, remuneration and social security | 45 | €8,590 | €17,207 | +€8,617 | +100.3% |
| Taxes | 450/3 | €8,590 | €16,999 | +€8,409 | +97.9% |
| Remuneration and social security | 454/9 | - | €208 | +€208 | |
| Other amounts payable | 47/48 | €6,947 | - | -€6,947 | |
| Accrued charges and deferred income | 492/3 | - | €1,886 | +€1,886 | |
| Remuneration, social security and pensions | 62 | - | €4,046 | +€4,046 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,852 | €28,686 | +€1,834 | +6.8% |
| Other operating charges | 640/8 | €150 | €516 | +€366 | +243.9% |
| Gross operating margin | 9900 | €64,722 | €82,674 | +€17,952 | +27.7% |
| Operating profit (loss) | 9901 | €37,720 | €49,426 | +€11,706 | +31.0% |
| Financial income | 75/76B | - | €1,306 | +€1,306 | |
| Recurring financial income | 75 | - | €1,306 | +€1,306 | |
| Financial charges | 65/66B | €6,178 | €6,522 | +€344 | +5.6% |
| Recurring financial charges | 65 | €6,178 | €6,522 | +€344 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €31,542 | €44,211 | +€12,669 | +40.2% |
| Income taxes | 67/77 | €3,750 | €9,014 | +€5,264 | +140.4% |
| Profit (loss) for the period | 9904 | €27,792 | €35,197 | +€7,404 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,792 | €35,197 | +€7,404 | +26.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.