KARA MANAGEMENT: 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.
KARA MANAGEMENT
Largest movements
- Tangible fixed assets +€40,834
up €40,834 (+19.3%), from €211,872 to €252,705
of which Land and buildings: +€46,723
- Cash +€18,227
up €18,227 (+92.3%), from €19,749 to €37,976
mainly Other debts (+€92,976) and Depreciation (+€33,470)
- Other debts +€92,976
up €92,976 (+220%), from €42,186 to €135,163
- Profit (loss) carried forward -€40,331
down €40,331 (-404%), from -€9,987 to -€50,318
- Trade debts +€6,128
up €6,128 (+163%), from €3,758 to €9,886
- Gross operating margin -€9,137
down €9,137, from €4,586 to -€4,551
- Depreciation +€6,786
up €6,786 (+25.4%), from €26,684 to €33,470
- Other operating charges -€336
down €336 (-12.9%), from €2,617 to €2,281
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 | €237,103 | €295,882 | +€58,779 | +24.8% |
| Fixed assets | 21/28 | €211,872 | €252,705 | +€40,834 | +19.3% |
| Tangible fixed assets | 22/27 | €211,872 | €252,705 | +€40,834 | +19.3% |
| Land and buildings | 22 | €134,966 | €181,689 | +€46,723 | +34.6% |
| Plant, machinery and equipment | 23 | €19,389 | €21,120 | +€1,732 | +8.9% |
| Furniture and vehicles | 24 | €52,317 | €44,696 | -€7,621 | -14.6% |
| Assets under construction and advance payments | 27 | €5,200 | €5,200 | = | 0.0% |
| Current assets | 29/58 | €25,231 | €43,176 | +€17,945 | +71.1% |
| Amounts receivable within one year | 40/41 | €3,763 | €4,073 | +€309 | +8.2% |
| Trade receivables | 40 | €3,489 | €2,749 | -€740 | -21.2% |
| Other amounts receivable | 41 | €274 | €1,323 | +€1,049 | +383% |
| Cash at bank and in hand | 54/58 | €19,749 | €37,976 | +€18,227 | +92.3% |
| Deferred charges and accrued income | 490/1 | €1,718 | €1,127 | -€591 | -34.4% |
| Total equity and liabilities | 10/49 | €237,103 | €295,882 | +€58,779 | +24.8% |
| Equity | 10/15 | €190,721 | €150,390 | -€40,331 | -21.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €182,108 | €182,108 | = | 0.0% |
| Distributable reserves | 133 | €182,108 | €182,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,987 | -€50,318 | -€40,331 | -404% |
| Amounts payable | 17/49 | €46,381 | €145,491 | +€99,110 | +214% |
| Amounts payable within one year | 42/48 | €46,381 | €145,491 | +€99,110 | +214% |
| Trade debts | 44 | €3,758 | €9,886 | +€6,128 | +163% |
| Suppliers | 440/4 | €3,758 | €9,886 | +€6,128 | +163% |
| Taxes, remuneration and social security | 45 | €437 | €443 | +€6 | +1.3% |
| Taxes | 450/3 | €437 | €443 | +€6 | +1.3% |
| Other amounts payable | 47/48 | €42,186 | €135,163 | +€92,976 | +220% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,684 | €33,470 | +€6,786 | +25.4% |
| Other operating charges | 640/8 | €2,617 | €2,281 | -€336 | -12.9% |
| Gross operating margin | 9900 | €4,586 | -€4,551 | -€9,137 | |
| Operating profit (loss) | 9901 | -€24,715 | -€40,302 | -€15,587 | -63.1% |
| Financial income | 75/76B | €9 | €19 | +€9 | +101% |
| Recurring financial income | 75 | €9 | €19 | +€9 | +101% |
| Financial charges | 65/66B | €89 | €48 | -€41 | -46.2% |
| Recurring financial charges | 65 | €89 | €48 | -€41 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | -€24,794 | -€40,331 | -€15,536 | -62.7% |
| Profit (loss) for the period | 9904 | -€24,794 | -€40,331 | -€15,536 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,794 | -€40,331 | -€15,536 | -62.7% |
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 19 October 2026 via checked.be.