KARANBO: 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.
KARANBO
Largest movements
- Receivables within one year +€32,584
up €32,584 (+1,310%), from €2,486 to €35,070
of which Trade receivables: +€23,001
- Tangible fixed assets +€28,686
up €28,686 (+4,491%), from €639 to €29,325
of which Furniture and vehicles: +€23,773
- Cash -€12,261
down €12,261 (-64.1%), from €19,119 to €6,858
mainly Receivables within one year (-€32,584) and Investment in fixed assets (net) (-€30,215)
- Deferred charges and accrued income -€6,700
down €6,700 (-74.8%), from €8,955 to €2,254
- Reserves +€26,000
up €26,000 (+163%), from €16,000 to €42,000
- Tax, wage and social debts +€12,998
up €12,998 (+190%), from €6,844 to €19,842
- Profit (loss) carried forward +€3,159
up €3,159 (+112%), from €2,830 to €5,989
- Trade debts +€1,847
up €1,847 (+223%), from €829 to €2,676
- Other debts -€1,695
no longer reported in 2025 (was €1,695)
- Gross operating margin +€18,705
up €18,705 (+71.5%), from €26,149 to €44,854
- Taxes +€6,154
up €6,154 (+89.9%), from €6,844 to €12,998
- Depreciation +€1,146
up €1,146 (+299%), from €383 to €1,529
- Financial charges +€1,143
up €1,143 (+3,902%), from €29 to €1,172
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 | €31,198 | €73,507 | +€42,309 | +136% |
| Fixed assets | 21/28 | €639 | €29,325 | +€28,686 | +4,491% |
| Tangible fixed assets | 22/27 | €639 | €29,325 | +€28,686 | +4,491% |
| Plant, machinery and equipment | 23 | €639 | €5,551 | +€4,913 | +769% |
| Furniture and vehicles | 24 | - | €23,773 | +€23,773 | |
| Current assets | 29/58 | €30,560 | €44,182 | +€13,623 | +44.6% |
| Amounts receivable within one year | 40/41 | €2,486 | €35,070 | +€32,584 | +1,310% |
| Trade receivables | 40 | €1,719 | €24,720 | +€23,001 | +1,338% |
| Other amounts receivable | 41 | €768 | €10,350 | +€9,582 | +1,248% |
| Cash at bank and in hand | 54/58 | €19,119 | €6,858 | -€12,261 | -64.1% |
| Deferred charges and accrued income | 490/1 | €8,955 | €2,254 | -€6,700 | -74.8% |
| Total equity and liabilities | 10/49 | €31,198 | €73,507 | +€42,309 | +136% |
| Equity | 10/15 | €21,830 | €50,989 | +€29,159 | +134% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,000 | €42,000 | +€26,000 | +163% |
| Distributable reserves | 133 | €16,000 | €42,000 | +€26,000 | +163% |
| Profit (loss) carried forward | 14 | €2,830 | €5,989 | +€3,159 | +112% |
| Amounts payable | 17/49 | €9,368 | €22,518 | +€13,150 | +140% |
| Amounts payable within one year | 42/48 | €9,368 | €22,518 | +€13,150 | +140% |
| Trade debts | 44 | €829 | €2,676 | +€1,847 | +223% |
| Suppliers | 440/4 | €829 | €2,676 | +€1,847 | +223% |
| Taxes, remuneration and social security | 45 | €6,844 | €19,842 | +€12,998 | +190% |
| Taxes | 450/3 | €6,844 | €19,842 | +€12,998 | +190% |
| Other amounts payable | 47/48 | €1,695 | - | -€1,695 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €383 | €1,529 | +€1,146 | +299% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €26,149 | €44,854 | +€18,705 | +71.5% |
| Operating profit (loss) | 9901 | €25,704 | €43,263 | +€17,559 | +68.3% |
| Financial income | 75/76B | - | €65 | +€65 | |
| Recurring financial income | 75 | - | €65 | +€65 | |
| Financial charges | 65/66B | €29 | €1,172 | +€1,143 | +3,902% |
| Recurring financial charges | 65 | €29 | €1,172 | +€1,143 | +3,902% |
| Profit (loss) for the period before taxes | 9903 | €25,675 | €42,156 | +€16,482 | +64.2% |
| Income taxes | 67/77 | €6,844 | €12,998 | +€6,154 | +89.9% |
| Profit (loss) for the period | 9904 | €18,830 | €29,159 | +€10,328 | +54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,830 | €29,159 | +€10,328 | +54.8% |
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 29 October 2026 via checked.be.