KARATI: 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.
KARATI
Largest movements
- Cash +€67,829
up €67,829 (+17.6%), from €385,204 to €453,034
mainly Net result for the year (+€90,521) and Depreciation (+€6,557)
- Stocks and contracts +€27,017
up €27,017 (+14.4%), from €187,340 to €214,358
- Reserves +€90,521
up €90,521 (+20.1%), from €450,942 to €541,462
- Gross operating margin +€15,481
up €15,481 (+11.8%), from €131,592 to €147,074
- Taxes +€4,288
up €4,288 (+12.3%), from €34,748 to €39,036
- Other operating charges +€1,614
up €1,614 (+88.0%), from €1,834 to €3,448
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 | €588,710 | €683,677 | +€94,967 | +16.1% |
| Fixed assets | 21/28 | €12,923 | €13,406 | +€483 | +3.7% |
| Tangible fixed assets | 22/27 | €12,923 | €13,406 | +€483 | +3.7% |
| Land and buildings | 22 | €10,335 | €9,524 | -€811 | -7.8% |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €2,588 | €3,883 | +€1,294 | +50.0% |
| Current assets | 29/58 | €575,787 | €670,271 | +€94,484 | +16.4% |
| Stocks and contracts in progress | 3 | €187,340 | €214,358 | +€27,017 | +14.4% |
| Stocks | 30/36 | €187,340 | €214,358 | +€27,017 | +14.4% |
| Amounts receivable within one year | 40/41 | €1,355 | €1,296 | -€59 | -4.4% |
| Trade receivables | 40 | €1,340 | €1,271 | -€69 | -5.2% |
| Other amounts receivable | 41 | €16 | €26 | +€10 | +63.4% |
| Cash at bank and in hand | 54/58 | €385,204 | €453,034 | +€67,829 | +17.6% |
| Deferred charges and accrued income | 490/1 | €1,887 | €1,583 | -€303 | -16.1% |
| Total equity and liabilities | 10/49 | €588,710 | €683,677 | +€94,967 | +16.1% |
| Equity | 10/15 | €469,542 | €560,062 | +€90,521 | +19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €450,942 | €541,462 | +€90,521 | +20.1% |
| Distributable reserves | 133 | €450,942 | €541,462 | +€90,521 | +20.1% |
| Amounts payable | 17/49 | €119,168 | €123,615 | +€4,447 | +3.7% |
| Amounts payable within one year | 42/48 | €119,168 | €122,145 | +€2,977 | +2.5% |
| Trade debts | 44 | €4,459 | €7,531 | +€3,072 | +68.9% |
| Suppliers | 440/4 | €4,459 | €7,531 | +€3,072 | +68.9% |
| Taxes, remuneration and social security | 45 | €8,903 | €5,116 | -€3,787 | -42.5% |
| Taxes | 450/3 | €6,403 | €5,116 | -€1,287 | -20.1% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €105,806 | €109,498 | +€3,692 | +3.5% |
| Accrued charges and deferred income | 492/3 | - | €1,470 | +€1,470 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,041 | €6,557 | -€484 | -6.9% |
| Other operating charges | 640/8 | €1,834 | €3,448 | +€1,614 | +88.0% |
| Gross operating margin | 9900 | €131,592 | €147,074 | +€15,481 | +11.8% |
| Operating profit (loss) | 9901 | €122,717 | €137,069 | +€14,351 | +11.7% |
| Financial income | 75/76B | €691 | €829 | +€138 | +19.9% |
| Recurring financial income | 75 | €691 | €829 | +€138 | +19.9% |
| Financial charges | 65/66B | €7,403 | €8,341 | +€938 | +12.7% |
| Recurring financial charges | 65 | €7,403 | €8,341 | +€938 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €116,005 | €129,556 | +€13,551 | +11.7% |
| Income taxes | 67/77 | €34,748 | €39,036 | +€4,288 | +12.3% |
| Profit (loss) for the period | 9904 | €81,257 | €90,521 | +€9,263 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €81,257 | €90,521 | +€9,263 | +11.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.