KARAKANA: 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.
KARAKANA
Largest movements
- Cash +€101,359
up €101,359 (+131.4%), from €77,123 to €178,482
mainly Net result for the year (+€113,521) and Tax, wage and social debts (+€10,249)
- Receivables within one year +€20,000
up €20,000 (+19.3%), from €103,680 to €123,680
- Tangible fixed assets -€7,088
down €7,088 (-7.6%), from €93,316 to €86,229
- Reserves +€102,469
up €102,469 (+48.8%), from €209,953 to €312,422
of which Distributable reserves: +€102,469
- Tax, wage and social debts +€10,249
up €10,249 (+17.6%), from €58,338 to €68,586
- Gross operating margin -€5,704
down €5,704 (-2.9%), from €195,827 to €190,122
- Taxes -€4,589
down €4,589 (-7.9%), from €58,338 to €53,748
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 | €274,120 | €388,391 | +€114,271 | +41.7% |
| Fixed assets | 21/28 | €93,316 | €86,229 | -€7,088 | -7.6% |
| Tangible fixed assets | 22/27 | €93,316 | €86,229 | -€7,088 | -7.6% |
| Land and buildings | 22 | €93,316 | €86,229 | -€7,088 | -7.6% |
| Current assets | 29/58 | €180,804 | €302,162 | +€121,359 | +67.1% |
| Amounts receivable within one year | 40/41 | €103,680 | €123,680 | +€20,000 | +19.3% |
| Other amounts receivable | 41 | €103,680 | €123,680 | +€20,000 | +19.3% |
| Cash at bank and in hand | 54/58 | €77,123 | €178,482 | +€101,359 | +131.4% |
| Total equity and liabilities | 10/49 | €274,120 | €388,391 | +€114,271 | +41.7% |
| Equity | 10/15 | €215,782 | €318,571 | +€102,789 | +47.6% |
| Contributions | 10/11 | €5,829 | €5,829 | = | 0.0% |
| Reserves | 13 | €209,953 | €312,422 | +€102,469 | +48.8% |
| Non-distributable reserves | 130/1 | €583 | €583 | = | 0.0% |
| Reserves not available under the articles | 1311 | €583 | €583 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,611 | €1,611 | = | 0.0% |
| Distributable reserves | 133 | €207,759 | €310,228 | +€102,469 | +49.3% |
| Profit (loss) carried forward | 14 | - | €320 | +€320 | |
| Amounts payable | 17/49 | €58,338 | €69,820 | +€11,482 | +19.7% |
| Amounts payable within one year | 42/48 | €58,338 | €69,820 | +€11,482 | +19.7% |
| Trade debts | 44 | - | €1,234 | +€1,234 | |
| Suppliers | 440/4 | - | €1,234 | +€1,234 | |
| Taxes, remuneration and social security | 45 | €58,338 | €68,586 | +€10,249 | +17.6% |
| Taxes | 450/3 | €58,338 | €68,586 | +€10,249 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,088 | €7,088 | = | 0.0% |
| Other operating charges | 640/8 | €14,998 | €15,597 | +€599 | +4.0% |
| Gross operating margin | 9900 | €195,827 | €190,122 | -€5,704 | -2.9% |
| Operating profit (loss) | 9901 | €173,741 | €167,438 | -€6,303 | -3.6% |
| Financial charges | 65/66B | €25 | €169 | +€144 | +567.2% |
| Recurring financial charges | 65 | €25 | €169 | +€144 | +567.2% |
| Profit (loss) for the period before taxes | 9903 | €173,716 | €167,269 | -€6,447 | -3.7% |
| Income taxes | 67/77 | €58,338 | €53,748 | -€4,589 | -7.9% |
| Profit (loss) for the period | 9904 | €115,378 | €113,521 | -€1,858 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €115,378 | €113,521 | -€1,858 | -1.6% |
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 5 October 2026 via checked.be.