KARACA HOME: 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.
KARACA HOME
Largest movements
- Stocks and contracts -€115,926
down €115,926 (-49.0%), from €236,581 to €120,655
- Deferred charges and accrued income -€13,416
down €13,416 (-98.2%), from €13,661 to €244
- Cash +€7,216
new in 2025: €7,216
mainly Stocks and contracts (+€115,926) and Trade debts (+€19,454)
- Other debts -€129,559
down €129,559 (-93.8%), from €138,068 to €8,509
- Accrued charges and deferred income -€22,372
no longer reported in 2025 (was €22,372)
- Trade debts +€19,454
up €19,454 (+88.1%), from €22,091 to €41,545
- Tax, wage and social debts +€12,611
up €12,611 (+54.0%), from €23,365 to €35,976
of which Taxes: +€15,014
- Short-term financial debts -€8,091
no longer reported in 2025 (was €8,091)
- Gross operating margin +€64,401
up €64,401 (+61.0%), from €105,492 to €169,893
- Financial charges +€32,628
up €32,628 (+994.7%), from €3,280 to €35,909
- Staff costs +€32,551
up €32,551 (+38.5%), from €84,614 to €117,166
- Taxes +€6,262
up €6,262 (+126.4%), from €4,953 to €11,216
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 | €290,516 | €166,119 | -€124,397 | -42.8% |
| Fixed assets | 21/28 | €40,245 | €37,876 | -€2,369 | -5.9% |
| Tangible fixed assets | 22/27 | €9,967 | €7,598 | -€2,369 | -23.8% |
| Plant, machinery and equipment | 23 | €9,000 | €7,200 | -€1,800 | -20.0% |
| Furniture and vehicles | 24 | €967 | €398 | -€569 | -58.9% |
| Financial fixed assets | 28 | €30,278 | €30,278 | = | 0.0% |
| Current assets | 29/58 | €250,271 | €128,243 | -€122,027 | -48.8% |
| Stocks and contracts in progress | 3 | €236,581 | €120,655 | -€115,926 | -49.0% |
| Stocks | 30/36 | €236,581 | €120,655 | -€115,926 | -49.0% |
| Amounts receivable within one year | 40/41 | €29 | €128 | +€98 | +333.3% |
| Other amounts receivable | 41 | €29 | €128 | +€98 | +333.3% |
| Cash at bank and in hand | 54/58 | - | €7,216 | +€7,216 | |
| Deferred charges and accrued income | 490/1 | €13,661 | €244 | -€13,416 | -98.2% |
| Total equity and liabilities | 10/49 | €290,516 | €166,119 | -€124,397 | -42.8% |
| Equity | 10/15 | €76,529 | €77,589 | +€1,060 | +1.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,029 | €47,089 | +€1,060 | +2.3% |
| Amounts payable | 17/49 | €213,987 | €88,531 | -€125,456 | -58.6% |
| Amounts payable within one year | 42/48 | €191,615 | €88,531 | -€103,084 | -53.8% |
| Current portion of amounts payable after more than one year | 42 | - | €2,500 | +€2,500 | |
| Financial debts | 43 | €8,091 | - | -€8,091 | |
| Credit institutions | 430/8 | €8,091 | - | -€8,091 | |
| Trade debts | 44 | €22,091 | €41,545 | +€19,454 | +88.1% |
| Suppliers | 440/4 | €22,091 | €41,545 | +€19,454 | +88.1% |
| Taxes, remuneration and social security | 45 | €23,365 | €35,976 | +€12,611 | +54.0% |
| Taxes | 450/3 | €4,955 | €19,969 | +€15,014 | +303.0% |
| Remuneration and social security | 454/9 | €18,410 | €16,007 | -€2,403 | -13.1% |
| Other amounts payable | 47/48 | €138,068 | €8,509 | -€129,559 | -93.8% |
| Accrued charges and deferred income | 492/3 | €22,372 | - | -€22,372 | |
| Remuneration, social security and pensions | 62 | €84,614 | €117,166 | +€32,551 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,369 | €2,369 | = | 0.0% |
| Other operating charges | 640/8 | €3,162 | €2,174 | -€989 | -31.3% |
| Gross operating margin | 9900 | €105,492 | €169,893 | +€64,401 | +61.0% |
| Operating profit (loss) | 9901 | €15,346 | €48,184 | +€32,838 | +214.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,280 | €35,909 | +€32,628 | +994.7% |
| Recurring financial charges | 65 | €3,280 | €35,909 | +€32,628 | +994.7% |
| Profit (loss) for the period before taxes | 9903 | €12,066 | €12,275 | +€210 | +1.7% |
| Income taxes | 67/77 | €4,953 | €11,216 | +€6,262 | +126.4% |
| Profit (loss) for the period | 9904 | €7,112 | €1,060 | -€6,052 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,112 | €1,060 | -€6,052 | -85.1% |
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 7 October 2026 via checked.be.