KARAUTO: 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.
KARAUTO
Largest movements
- Stocks and contracts -€151,203
down €151,203 (-14.8%), from €1.0m to €872,417
- Cash +€54,776
up €54,776 (+126.7%), from €43,242 to €98,018
mainly Stocks and contracts (+€151,203) and Net result for the year (+€92,379)
- Receivables within one year +€43,030
up €43,030 (+11.7%), from €367,529 to €410,559
of which Other amounts receivable: +€40,524
- Trade debts -€100,372
down €100,372 (-30.0%), from €334,025 to €233,653
- Reserves +€92,379
up €92,379 (+13.8%), from €670,841 to €763,221
- Current portion of long-term debt -€36,808
down €36,808 (-65.8%), from €55,906 to €19,098
- Tax, wage and social debts -€18,750
down €18,750 (-13.6%), from €137,551 to €118,801
of which Taxes: -€27,159
- Debts after one year -€18,412
down €18,412 (-7.1%), from €259,158 to €240,746
- Gross operating margin +€91,458
up €91,458 (+45.3%), from €201,704 to €293,162
- Taxes -€14,848
down €14,848 (-29.3%), from €50,650 to €35,802
- Depreciation +€8,649
up €8,649 (+32.3%), from €26,801 to €35,450
- Financial charges -€3,391
down €3,391 (-14.9%), from €22,746 to €19,355
- Staff costs +€3,217
up €3,217 (+3.7%), from €87,498 to €90,716
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 | €1,558,260 | €1,490,657 | -€67,603 | -4.3% |
| Fixed assets | 21/28 | €113,958 | €98,508 | -€15,450 | -13.6% |
| Tangible fixed assets | 22/27 | €111,652 | €96,203 | -€15,450 | -13.8% |
| Plant, machinery and equipment | 23 | €6,951 | €4,790 | -€2,161 | -31.1% |
| Furniture and vehicles | 24 | €62,665 | €61,535 | -€1,130 | -1.8% |
| Other tangible fixed assets | 26 | €42,036 | €29,877 | -€12,159 | -28.9% |
| Financial fixed assets | 28 | €2,305 | €2,305 | = | 0.0% |
| Current assets | 29/58 | €1,444,302 | €1,392,149 | -€52,153 | -3.6% |
| Stocks and contracts in progress | 3 | €1,023,620 | €872,417 | -€151,203 | -14.8% |
| Stocks | 30/36 | €1,023,620 | €872,417 | -€151,203 | -14.8% |
| Amounts receivable within one year | 40/41 | €367,529 | €410,559 | +€43,030 | +11.7% |
| Trade receivables | 40 | €65,878 | €68,384 | +€2,506 | +3.8% |
| Other amounts receivable | 41 | €301,651 | €342,175 | +€40,524 | +13.4% |
| Cash at bank and in hand | 54/58 | €43,242 | €98,018 | +€54,776 | +126.7% |
| Deferred charges and accrued income | 490/1 | €9,911 | €11,155 | +€1,244 | +12.5% |
| Total equity and liabilities | 10/49 | €1,558,260 | €1,490,657 | -€67,603 | -4.3% |
| Equity | 10/15 | €769,998 | €862,378 | +€92,379 | +12.0% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Outside capital | 11 | €99,157 | €99,157 | = | 0.0% |
| Share premium | 1100/10 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €670,841 | €763,221 | +€92,379 | +13.8% |
| Distributable reserves | 133 | €670,841 | €763,221 | +€92,379 | +13.8% |
| Amounts payable | 17/49 | €788,261 | €628,279 | -€159,982 | -20.3% |
| Amounts payable after more than one year | 17 | €259,158 | €240,746 | -€18,412 | -7.1% |
| Financial debts | 170/4 | €259,158 | €240,746 | -€18,412 | -7.1% |
| Amounts payable within one year | 42/48 | €529,104 | €387,533 | -€141,570 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €55,906 | €19,098 | -€36,808 | -65.8% |
| Financial debts | 43 | €1,622 | €15,981 | +€14,359 | +885.5% |
| Credit institutions | 430/8 | €1,622 | €15,981 | +€14,359 | +885.5% |
| Trade debts | 44 | €334,025 | €233,653 | -€100,372 | -30.0% |
| Suppliers | 440/4 | €334,025 | €233,653 | -€100,372 | -30.0% |
| Taxes, remuneration and social security | 45 | €137,551 | €118,801 | -€18,750 | -13.6% |
| Taxes | 450/3 | €116,891 | €89,732 | -€27,159 | -23.2% |
| Remuneration and social security | 454/9 | €20,660 | €29,069 | +€8,409 | +40.7% |
| Non-recurring operating income | 76A | €42,322 | €5,404 | -€36,918 | -87.2% |
| Remuneration, social security and pensions | 62 | €87,498 | €90,716 | +€3,217 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,801 | €35,450 | +€8,649 | +32.3% |
| Other operating charges | 640/8 | €18,053 | €19,401 | +€1,348 | +7.5% |
| Non-recurring operating charges | 66A | - | €190 | +€190 | |
| Gross operating margin | 9900 | €201,704 | €293,162 | +€91,458 | +45.3% |
| Operating profit (loss) | 9901 | €69,351 | €147,405 | +€78,054 | +112.5% |
| Financial income | 75/76B | €5 | €131 | +€126 | +2509.8% |
| Recurring financial income | 75 | €5 | €131 | +€126 | +2509.8% |
| Financial charges | 65/66B | €22,746 | €19,355 | -€3,391 | -14.9% |
| Recurring financial charges | 65 | €22,746 | €19,355 | -€3,391 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €46,610 | €128,181 | +€81,571 | +175.0% |
| Income taxes | 67/77 | €50,650 | €35,802 | -€14,848 | -29.3% |
| Profit (loss) for the period | 9904 | -€4,040 | €92,379 | +€96,420 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,040 | €92,379 | +€96,420 |
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.