KARANN CONSULT: 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.
KARANN CONSULT
Largest movements
- Cash +€94,489
up €94,489 (+38.1%), from €247,931 to €342,420
mainly Other debts (+€142,130) and Net result for the year (+€124,160)
- Current investments -€50,398
no longer reported in 2025 (was €50,398)
- Receivables within one year +€24,492
up €24,492 (+37.5%), from €65,301 to €89,793
of which Trade receivables: +€25,035
- Other debts +€142,130
up €142,130 (+202%), from €70,370 to €212,500
- Reserves -€125,840
down €125,840 (-50.0%), from €251,643 to €125,803
- Tax, wage and social debts +€51,630
up €51,630 (+155%), from €33,295 to €84,924
- Gross operating margin +€2,439
up €2,439 (+1.4%), from €168,432 to €170,871
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 | €374,905 | €445,794 | +€70,888 | +18.9% |
| Fixed assets | 21/28 | €10,939 | €12,314 | +€1,374 | +12.6% |
| Tangible fixed assets | 22/27 | €10,939 | €12,314 | +€1,374 | +12.6% |
| Plant, machinery and equipment | 23 | €4,942 | €3,247 | -€1,695 | -34.3% |
| Furniture and vehicles | 24 | €5,551 | €9,033 | +€3,482 | +62.7% |
| Other tangible fixed assets | 26 | €446 | €34 | -€413 | -92.4% |
| Current assets | 29/58 | €363,966 | €433,480 | +€69,514 | +19.1% |
| Amounts receivable within one year | 40/41 | €65,301 | €89,793 | +€24,492 | +37.5% |
| Trade receivables | 40 | €63,779 | €88,814 | +€25,035 | +39.3% |
| Other amounts receivable | 41 | €1,522 | €979 | -€543 | -35.7% |
| Current investments | 50/53 | €50,398 | - | -€50,398 | |
| Cash at bank and in hand | 54/58 | €247,931 | €342,420 | +€94,489 | +38.1% |
| Deferred charges and accrued income | 490/1 | €336 | €1,267 | +€931 | +277% |
| Total equity and liabilities | 10/49 | €374,905 | €445,794 | +€70,888 | +18.9% |
| Equity | 10/15 | €270,193 | €144,353 | -€125,840 | -46.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €251,643 | €125,803 | -€125,840 | -50.0% |
| Distributable reserves | 133 | €251,643 | €125,803 | -€125,840 | -50.0% |
| Amounts payable | 17/49 | €104,712 | €301,440 | +€196,728 | +188% |
| Amounts payable within one year | 42/48 | €104,712 | €301,440 | +€196,728 | +188% |
| Financial debts | 43 | €42 | - | -€42 | |
| Credit institutions | 430/8 | €42 | - | -€42 | |
| Trade debts | 44 | €1,005 | €4,016 | +€3,010 | +299% |
| Suppliers | 440/4 | €1,005 | €4,016 | +€3,010 | +299% |
| Taxes, remuneration and social security | 45 | €33,295 | €84,924 | +€51,630 | +155% |
| Taxes | 450/3 | €33,295 | €84,924 | +€51,630 | +155% |
| Other amounts payable | 47/48 | €70,370 | €212,500 | +€142,130 | +202% |
| Non-recurring operating income | 76A | - | €9,553 | +€9,553 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,457 | €3,963 | +€1,506 | +61.3% |
| Other operating charges | 640/8 | €1,243 | €1,424 | +€181 | +14.6% |
| Gross operating margin | 9900 | €168,432 | €170,871 | +€2,439 | +1.4% |
| Operating profit (loss) | 9901 | €164,732 | €165,484 | +€752 | +0.5% |
| Financial income | 75/76B | €2,232 | €3,359 | +€1,127 | +50.5% |
| Recurring financial income | 75 | €2,232 | €3,359 | +€1,127 | +50.5% |
| Financial charges | 65/66B | €3,350 | €5,042 | +€1,692 | +50.5% |
| Recurring financial charges | 65 | €3,350 | €5,042 | +€1,692 | +50.5% |
| Profit (loss) for the period before taxes | 9903 | €163,614 | €163,801 | +€187 | +0.1% |
| Income taxes | 67/77 | €39,941 | €39,640 | -€301 | -0.8% |
| Profit (loss) for the period | 9904 | €123,673 | €124,160 | +€487 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €123,673 | €124,160 | +€487 | +0.4% |
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 26 October 2026 via checked.be.