KARCO: 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.
KARCO
Largest movements
- Cash -€291
down €291 (-88.5%), from €329 to €38
mainly Net result for the year (-€6,973) and Trade debts (-€1)
- Profit (loss) carried forward -€6,973
down €6,973 (-2.9%), from -€239,420 to -€246,394
- Other debts +€6,684
up €6,684 (+5.2%), from €127,472 to €134,155
- Gross operating margin +€1,960
up €1,960 (+27.7%), from -€7,087 to -€5,127
- Other operating charges +€945
up €945 (+115.0%), from €822 to €1,768
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 | €11,700 | €11,409 | -€291 | -2.5% |
| Fixed assets | 21/28 | €11,371 | €11,371 | = | 0.0% |
| Tangible fixed assets | 22/27 | €11,371 | €11,371 | = | 0.0% |
| Land and buildings | 22 | €11,371 | €11,371 | = | 0.0% |
| Current assets | 29/58 | €329 | €38 | -€291 | -88.5% |
| Cash at bank and in hand | 54/58 | €329 | €38 | -€291 | -88.5% |
| Total equity and liabilities | 10/49 | €11,700 | €11,409 | -€291 | -2.5% |
| Equity | 10/15 | -€115,773 | -€122,747 | -€6,973 | -6.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €105,055 | €105,055 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €103,196 | €103,196 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€239,420 | -€246,394 | -€6,973 | -2.9% |
| Amounts payable | 17/49 | €127,473 | €134,155 | +€6,683 | +5.2% |
| Amounts payable within one year | 42/48 | €127,473 | €134,155 | +€6,683 | +5.2% |
| Trade debts | 44 | €1 | - | -€1 | |
| Suppliers | 440/4 | €1 | - | -€1 | |
| Other amounts payable | 47/48 | €127,472 | €134,155 | +€6,684 | +5.2% |
| Non-recurring operating income | 76A | - | €1 | +€1 | |
| Other operating charges | 640/8 | €822 | €1,768 | +€945 | +115.0% |
| Gross operating margin | 9900 | -€7,087 | -€5,127 | +€1,960 | +27.7% |
| Operating profit (loss) | 9901 | -€7,909 | -€6,894 | +€1,014 | +12.8% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €60 | €79 | +€19 | +31.7% |
| Recurring financial charges | 65 | €60 | €79 | +€19 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,962 | -€6,973 | +€989 | +12.4% |
| Profit (loss) for the period | 9904 | -€7,962 | -€6,973 | +€989 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,962 | -€6,973 | +€989 | +12.4% |
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 29 September 2026 via checked.be.