KARECREA: 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.
KARECREA
Largest movements
- Tangible fixed assets -€6,696
down €6,696 (-15.9%), from €42,176 to €35,480
of which Furniture and vehicles: -€9,207
- Deferred charges and accrued income -€5,390
down €5,390 (-71.1%), from €7,583 to €2,193
- Cash +€3,781
up €3,781 (+5.3%), from €71,089 to €74,869
mainly Net result for the year (+€22,395) and Depreciation (+€14,266)
- Stocks and contracts -€2,109
down €2,109 (-23.2%), from €9,101 to €6,992
- Receivables within one year +€1,735
up €1,735 (+5.1%), from €33,813 to €35,548
of which Trade receivables: +€2,778
- Trade debts -€20,587
down €20,587 (-45.2%), from €45,560 to €24,973
- Reserves +€9,045
up €9,045 (+14.4%), from €63,014 to €72,059
of which Distributable reserves: +€9,045
- Tax, wage and social debts +€5,971
up €5,971 (+20.3%), from €29,360 to €35,330
of which Remuneration and social security: +€3,046
- Debts after one year -€5,337
no longer reported in 2025 (was €5,337)
- Purchases and services +€34,681
up €34,681 (+9.4%), from €369,733 to €404,414
- Gross operating margin +€25,237
up €25,237 (+12.8%), from €197,629 to €222,865
- Staff costs +€9,810
up €9,810 (+5.8%), from €167,715 to €177,525
- Depreciation -€3,511
down €3,511 (-19.8%), from €17,777 to €14,266
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.
Derived cash bridge
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 | €163,762 | €155,082 | -€8,680 | -5.3% |
| Fixed assets | 21/28 | €42,176 | €35,480 | -€6,696 | -15.9% |
| Tangible fixed assets | 22/27 | €42,176 | €35,480 | -€6,696 | -15.9% |
| Plant, machinery and equipment | 23 | €7,503 | €5,397 | -€2,106 | -28.1% |
| Furniture and vehicles | 24 | €25,678 | €16,471 | -€9,207 | -35.9% |
| Other tangible fixed assets | 26 | €8,996 | €13,612 | +€4,617 | +51.3% |
| Current assets | 29/58 | €121,585 | €119,602 | -€1,983 | -1.6% |
| Stocks and contracts in progress | 3 | €9,101 | €6,992 | -€2,109 | -23.2% |
| Stocks | 30/36 | €9,101 | €6,992 | -€2,109 | -23.2% |
| Amounts receivable within one year | 40/41 | €33,813 | €35,548 | +€1,735 | +5.1% |
| Trade receivables | 40 | €25,285 | €28,064 | +€2,778 | +11.0% |
| Other amounts receivable | 41 | €8,528 | €7,485 | -€1,043 | -12.2% |
| Cash at bank and in hand | 54/58 | €71,089 | €74,869 | +€3,781 | +5.3% |
| Deferred charges and accrued income | 490/1 | €7,583 | €2,193 | -€5,390 | -71.1% |
| Total equity and liabilities | 10/49 | €163,762 | €155,082 | -€8,680 | -5.3% |
| Equity | 10/15 | €66,079 | €75,124 | +€9,045 | +13.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €63,014 | €72,059 | +€9,045 | +14.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €61,154 | €70,199 | +€9,045 | +14.8% |
| Profit (loss) carried forward | 14 | -€3,135 | -€3,135 | = | 0.0% |
| Amounts payable | 17/49 | €97,682 | €79,958 | -€17,724 | -18.1% |
| Amounts payable after more than one year | 17 | €5,337 | - | -€5,337 | |
| Financial debts | 170/4 | €5,337 | - | -€5,337 | |
| Amounts payable within one year | 42/48 | €92,346 | €79,958 | -€12,388 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €7,714 | €8,864 | +€1,150 | +14.9% |
| Financial debts | 43 | €5,000 | €6,000 | +€1,000 | +20.0% |
| Credit institutions | 430/8 | €5,000 | €6,000 | +€1,000 | +20.0% |
| Trade debts | 44 | €45,560 | €24,973 | -€20,587 | -45.2% |
| Suppliers | 440/4 | €45,560 | €24,973 | -€20,587 | -45.2% |
| Taxes, remuneration and social security | 45 | €29,360 | €35,330 | +€5,971 | +20.3% |
| Taxes | 450/3 | €13,699 | €16,624 | +€2,924 | +21.3% |
| Remuneration and social security | 454/9 | €15,661 | €18,707 | +€3,046 | +19.5% |
| Other amounts payable | 47/48 | €4,713 | €4,791 | +€78 | +1.7% |
| Non-recurring operating income | 76A | €509 | - | -€509 | |
| Goods, raw materials, services and sundry goods | 60/61 | €369,733 | €404,414 | +€34,681 | +9.4% |
| Remuneration, social security and pensions | 62 | €167,715 | €177,525 | +€9,810 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,777 | €14,266 | -€3,511 | -19.8% |
| Other operating charges | 640/8 | €4,863 | €4,094 | -€770 | -15.8% |
| Non-recurring operating charges | 66A | €5,451 | - | -€5,451 | |
| Gross operating margin | 9900 | €197,629 | €222,865 | +€25,237 | +12.8% |
| Operating profit (loss) | 9901 | €1,822 | €26,980 | +€25,158 | +1,381% |
| Financial income | 75/76B | €1 | €61 | +€60 | +8,095% |
| Recurring financial income | 75 | €1 | €61 | +€60 | +8,095% |
| Financial charges | 65/66B | €1,994 | €1,774 | -€220 | -11.0% |
| Recurring financial charges | 65 | €1,994 | €1,774 | -€220 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€171 | €25,267 | +€25,438 | |
| Income taxes | 67/77 | €643 | €2,872 | +€2,228 | +346% |
| Profit (loss) for the period | 9904 | -€814 | €22,395 | +€23,209 | |
| Profit (loss) for the period to be appropriated | 9905 | -€814 | €22,395 | +€23,209 |
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 27 October 2026 via checked.be.