KARED: 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.
KARED
Largest movements
- Cash +€3,540
up €3,540 (+1.6%), from €225,983 to €229,523
mainly Net result for the year (+€371,540)
- Profit (loss) carried forward +€3,540
up €3,540 (+19.7%), from €17,983 to €21,523
- Financial income +€62,250
up €62,250 (+20.1%), from €310,000 to €372,250
- Gross operating margin -€15
down €15 (-2.3%), from -€650 to -€665
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 | €227,983 | €231,523 | +€3,540 | +1.6% |
| Fixed assets | 21/28 | €2,000 | €2,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €225,983 | €229,523 | +€3,540 | +1.6% |
| Cash at bank and in hand | 54/58 | €225,983 | €229,523 | +€3,540 | +1.6% |
| Total equity and liabilities | 10/49 | €227,983 | €231,523 | +€3,540 | +1.6% |
| Equity | 10/15 | €24,983 | €28,523 | +€3,540 | +14.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,983 | €21,523 | +€3,540 | +19.7% |
| Amounts payable | 17/49 | €203,000 | €203,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €203,000 | €203,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €30,450 | €30,450 | = | 0.0% |
| Taxes | 450/3 | €30,450 | €30,450 | = | 0.0% |
| Other amounts payable | 47/48 | €172,550 | €172,550 | = | 0.0% |
| Gross operating margin | 9900 | -€650 | -€665 | -€15 | -2.3% |
| Operating profit (loss) | 9901 | -€650 | -€665 | -€15 | -2.3% |
| Financial income | 75/76B | €310,000 | €372,250 | +€62,250 | +20.1% |
| Recurring financial income | 75 | €310,000 | €372,250 | +€62,250 | +20.1% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €309,305 | €371,540 | +€62,235 | +20.1% |
| Profit (loss) for the period | 9904 | €309,305 | €371,540 | +€62,235 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €309,305 | €371,540 | +€62,235 | +20.1% |
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 3 October 2026 via checked.be.