KARATZAS: 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.
KARATZAS
Largest movements
- Tangible fixed assets +€12,943
up €12,943 (+8565.6%), from €151 to €13,095
of which Furniture and vehicles: +€12,943
- Cash -€9,316
down €9,316 (-45.9%), from €20,294 to €10,978
mainly Investment in fixed assets (net) (-€15,532) and Trade debts (-€1,287)
- Receivables within one year -€2,353
down €2,353 (-40.9%), from €5,754 to €3,401
of which Other amounts receivable: -€1,750
- Stocks and contracts -€788
down €788 (-80.0%), from €985 to €197
- Profit (loss) carried forward +€3,000
up €3,000 (+18.1%), from €16,552 to €19,552
- Trade debts -€1,287
down €1,287 (-100.0%), from €1,287 to €0
- Other debts -€920
no longer reported in 2025 (was €920)
- Tax, wage and social debts -€305
down €305 (-83.6%), from €365 to €60
- Purchases and services -€11,008
down €11,008 (-20.5%), from €53,759 to €42,751
- Depreciation +€2,186
up €2,186 (+542.4%), from €403 to €2,589
- Gross operating margin +€1,419
up €1,419 (+27.3%), from €5,195 to €6,614
- Other operating charges +€167
up €167 (+24.9%), from €673 to €840
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 | €27,184 | €27,671 | +€487 | +1.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €151 | €13,095 | +€12,943 | +8565.6% |
| Tangible fixed assets | 22/27 | €151 | €13,095 | +€12,943 | +8565.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €151 | €13,095 | +€12,943 | +8565.6% |
| Current assets | 29/58 | €27,033 | €14,576 | -€12,456 | -46.1% |
| Stocks and contracts in progress | 3 | €985 | €197 | -€788 | -80.0% |
| Stocks | 30/36 | €985 | €197 | -€788 | -80.0% |
| Amounts receivable within one year | 40/41 | €5,754 | €3,401 | -€2,353 | -40.9% |
| Trade receivables | 40 | €743 | €140 | -€603 | -81.2% |
| Other amounts receivable | 41 | €5,012 | €3,261 | -€1,750 | -34.9% |
| Cash at bank and in hand | 54/58 | €20,294 | €10,978 | -€9,316 | -45.9% |
| Total equity and liabilities | 10/49 | €27,184 | €27,671 | +€487 | +1.8% |
| Equity | 10/15 | €24,611 | €27,611 | +€3,000 | +12.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,552 | €19,552 | +€3,000 | +18.1% |
| Amounts payable | 17/49 | €2,572 | €60 | -€2,513 | -97.7% |
| Amounts payable within one year | 42/48 | €2,572 | €60 | -€2,513 | -97.7% |
| Trade debts | 44 | €1,287 | €0 | -€1,287 | -100.0% |
| Suppliers | 440/4 | €1,287 | €0 | -€1,287 | -100.0% |
| Taxes, remuneration and social security | 45 | €365 | €60 | -€305 | -83.6% |
| Taxes | 450/3 | €365 | €60 | -€305 | -83.6% |
| Other amounts payable | 47/48 | €920 | - | -€920 | |
| Non-recurring operating income | 76A | - | €40,075 | +€40,075 | |
| Goods, raw materials, services and sundry goods | 60/61 | €53,759 | €42,751 | -€11,008 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €403 | €2,589 | +€2,186 | +542.4% |
| Other operating charges | 640/8 | €673 | €840 | +€167 | +24.9% |
| Gross operating margin | 9900 | €5,195 | €6,614 | +€1,419 | +27.3% |
| Operating profit (loss) | 9901 | €4,120 | €3,186 | -€934 | -22.7% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €193 | €133 | -€61 | -31.4% |
| Recurring financial charges | 65 | €193 | €133 | -€61 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €3,926 | €3,060 | -€867 | -22.1% |
| Income taxes | 67/77 | €59 | €60 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €3,867 | €3,000 | -€867 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,867 | €3,000 | -€867 | -22.4% |
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 12 October 2026 via checked.be.