KARAWA: 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.
KARAWA
Largest movements
- Cash +€59,593
up €59,593 (+30.3%), from €196,837 to €256,430
mainly Net result for the year (+€74,677) and Tax, wage and social debts (+€40,122)
- Receivables within one year +€17,632
up €17,632 (+28.7%), from €61,413 to €79,045
- Tangible fixed assets -€4,746
down €4,746 (-11.1%), from €42,786 to €38,039
of which Plant, machinery and equipment: -€3,750
- Stocks and contracts +€4,016
up €4,016 (+21.8%), from €18,391 to €22,406
- Reserves +€50,000
up €50,000 (+45.9%), from €108,860 to €158,860
of which Distributable reserves: +€51,860
- Tax, wage and social debts +€40,122
up €40,122 (+72.1%), from €55,666 to €95,788
of which Taxes: +€23,893
- Trade debts -€29,908
no longer reported in 2024 (was €29,908)
- Other debts +€22,704
up €22,704 (+2838.0%), from €800 to €23,504
- Debts after one year -€6,642
down €6,642 (-45.2%), from €14,703 to €8,061
of which Financial debts: -€6,235
- Gross operating margin +€130,204
up €130,204 (+31.1%), from €418,622 to €548,826
- Staff costs +€82,561
up €82,561 (+25.2%), from €327,721 to €410,282
- Other operating charges -€6,576
down €6,576 (-67.7%), from €9,713 to €3,137
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €324,278 | €400,742 | +€76,465 | +23.6% |
| Fixed assets | 21/28 | €42,916 | €38,169 | -€4,746 | -11.1% |
| Tangible fixed assets | 22/27 | €42,786 | €38,039 | -€4,746 | -11.1% |
| Land and buildings | 22 | €1,528 | €4,051 | +€2,523 | +165.1% |
| Plant, machinery and equipment | 23 | €29,120 | €25,370 | -€3,750 | -12.9% |
| Furniture and vehicles | 24 | €12,138 | €8,618 | -€3,520 | -29.0% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €281,362 | €362,573 | +€81,211 | +28.9% |
| Stocks and contracts in progress | 3 | €18,391 | €22,406 | +€4,016 | +21.8% |
| Stocks | 30/36 | €18,391 | €22,406 | +€4,016 | +21.8% |
| Amounts receivable within one year | 40/41 | €61,413 | €79,045 | +€17,632 | +28.7% |
| Other amounts receivable | 41 | €61,413 | €79,045 | +€17,632 | +28.7% |
| Cash at bank and in hand | 54/58 | €196,837 | €256,430 | +€59,593 | +30.3% |
| Deferred charges and accrued income | 490/1 | €4,721 | €4,692 | -€29 | -0.6% |
| Total equity and liabilities | 10/49 | €324,278 | €400,742 | +€76,465 | +23.6% |
| Equity | 10/15 | €211,085 | €262,762 | +€51,677 | +24.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €108,860 | €158,860 | +€50,000 | +45.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €107,000 | €158,860 | +€51,860 | +48.5% |
| Profit (loss) carried forward | 14 | €96,025 | €97,702 | +€1,677 | +1.7% |
| Amounts payable | 17/49 | €113,192 | €137,980 | +€24,788 | +21.9% |
| Amounts payable after more than one year | 17 | €14,703 | €8,061 | -€6,642 | -45.2% |
| Financial debts | 170/4 | €6,235 | - | -€6,235 | |
| Other amounts payable | 178/9 | €8,469 | €8,061 | -€407 | -4.8% |
| Amounts payable within one year | 42/48 | €98,489 | €129,919 | +€31,430 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €12,115 | €10,627 | -€1,489 | -12.3% |
| Trade debts | 44 | €29,908 | - | -€29,908 | |
| Suppliers | 440/4 | €29,908 | - | -€29,908 | |
| Taxes, remuneration and social security | 45 | €55,666 | €95,788 | +€40,122 | +72.1% |
| Taxes | 450/3 | €23,057 | €46,950 | +€23,893 | +103.6% |
| Remuneration and social security | 454/9 | €32,609 | €48,838 | +€16,229 | +49.8% |
| Other amounts payable | 47/48 | €800 | €23,504 | +€22,704 | +2838.0% |
| Remuneration, social security and pensions | 62 | €327,721 | €410,282 | +€82,561 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,299 | €9,052 | +€1,753 | +24.0% |
| Other operating charges | 640/8 | €9,713 | €3,137 | -€6,576 | -67.7% |
| Non-recurring operating charges | 66A | €30,904 | €9,250 | -€21,654 | -70.1% |
| Gross operating margin | 9900 | €418,622 | €548,826 | +€130,204 | +31.1% |
| Operating profit (loss) | 9901 | €42,985 | €117,104 | +€74,119 | +172.4% |
| Financial income | 75/76B | €5,022 | €4,386 | -€636 | -12.7% |
| Recurring financial income | 75 | €5,022 | €4,386 | -€636 | -12.7% |
| Financial charges | 65/66B | €6,218 | €8,020 | +€1,802 | +29.0% |
| Recurring financial charges | 65 | €6,218 | €8,020 | +€1,802 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | €41,789 | €113,470 | +€71,681 | +171.5% |
| Income taxes | 67/77 | €37,711 | €38,793 | +€1,083 | +2.9% |
| Profit (loss) for the period | 9904 | €4,078 | €74,677 | +€70,599 | +1731.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,078 | €74,677 | +€70,599 | +1731.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.