Karen Catering: what changed
Karen Catering
Largest movements
- Receivables within one year -€135,569
down €135,569 (-88.2%), from €153,641 to €18,072
of which Trade receivables: -€108,613
- Tangible fixed assets -€21,662
down €21,662 (-29.6%), from €73,099 to €51,437
of which Plant, machinery and equipment: -€12,591
- Trade debts -€88,891
down €88,891 (-59.2%), from €150,243 to €61,353
- Profit (loss) carried forward -€38,319
down €38,319 (-65.1%), from €58,863 to €20,544
- Tax, wage and social debts -€20,333
no longer reported in 2025 (was €20,333)
of which Taxes: -€20,150
- Debts after one year -€10,609
down €10,609 (-29.8%), from €35,561 to €24,952
- Staff costs +€138,919
up €138,919 (+195%), from €71,305 to €210,224
- Gross operating margin +€138,063
up €138,063 (+170%), from €81,392 to €219,455
- Other operating charges +€10,947
up €10,947 (+888%), from €1,232 to €12,179
- Depreciation +€6,298
up €6,298 (+28.2%), from €22,301 to €28,599
- Taxes +€2,773
new in 2025: €2,773
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €277,927 | €120,781 | -€157,145 | -56.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €78,925 | €57,698 | -€21,227 | -26.9% |
| Tangible fixed assets | 22/27 | €73,099 | €51,437 | -€21,662 | -29.6% |
| Plant, machinery and equipment | 23 | €43,034 | €30,443 | -€12,591 | -29.3% |
| Furniture and vehicles | 24 | €30,065 | €20,994 | -€9,071 | -30.2% |
| Financial fixed assets | 28 | €5,826 | €6,261 | +€435 | +7.5% |
| Current assets | 29/58 | €199,002 | €63,083 | -€135,919 | -68.3% |
| Stocks and contracts in progress | 3 | €3,580 | €3,580 | = | 0.0% |
| Stocks | 30/36 | €3,580 | €3,580 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €153,641 | €18,072 | -€135,569 | -88.2% |
| Trade receivables | 40 | €122,812 | €14,200 | -€108,613 | -88.4% |
| Other amounts receivable | 41 | €30,829 | €3,872 | -€26,957 | -87.4% |
| Cash at bank and in hand | 54/58 | €39,820 | €39,470 | -€350 | -0.9% |
| Deferred charges and accrued income | 490/1 | €1,960 | €1,960 | = | 0.0% |
| Total equity and liabilities | 10/49 | €277,927 | €120,781 | -€157,145 | -56.5% |
| Equity | 10/15 | €60,863 | €22,544 | -€38,319 | -63.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,863 | €20,544 | -€38,319 | -65.1% |
| Amounts payable | 17/49 | €217,064 | €98,237 | -€118,827 | -54.7% |
| Amounts payable after more than one year | 17 | €35,561 | €24,952 | -€10,609 | -29.8% |
| Financial debts | 170/4 | €35,561 | €24,952 | -€10,609 | -29.8% |
| Amounts payable within one year | 42/48 | €181,503 | €73,286 | -€108,218 | -59.6% |
| Current portion of amounts payable after more than one year | 42 | €10,927 | €11,933 | +€1,006 | +9.2% |
| Trade debts | 44 | €150,243 | €61,353 | -€88,891 | -59.2% |
| Suppliers | 440/4 | €150,243 | €61,353 | -€88,891 | -59.2% |
| Taxes, remuneration and social security | 45 | €20,333 | - | -€20,333 | |
| Taxes | 450/3 | €20,150 | - | -€20,150 | |
| Remuneration and social security | 454/9 | €183 | - | -€183 | |
| Remuneration, social security and pensions | 62 | €71,305 | €210,224 | +€138,919 | +195% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,301 | €28,599 | +€6,298 | +28.2% |
| Other operating charges | 640/8 | €1,232 | €12,179 | +€10,947 | +888% |
| Gross operating margin | 9900 | €81,392 | €219,455 | +€138,063 | +170% |
| Operating profit (loss) | 9901 | -€13,445 | -€31,547 | -€18,102 | -135% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €2,255 | €3,995 | +€1,740 | +77.2% |
| Recurring financial charges | 65 | €2,255 | €3,995 | +€1,740 | +77.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,700 | -€35,542 | -€19,842 | -126% |
| Income taxes | 67/77 | - | €2,773 | +€2,773 | |
| Profit (loss) for the period | 9904 | -€15,700 | -€38,315 | -€22,615 | -144% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,700 | -€38,315 | -€22,615 | -144% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.