KARERI: 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.
KARERI
Largest movements
- Current investments +€45,000
up €45,000 (+150%), from €30,000 to €75,000
- Tangible fixed assets -€13,679
down €13,679 (-3.9%), from €352,158 to €338,479
of which Land and buildings: -€9,559
- Reserves +€54,276
up €54,276 (+34.5%), from €157,136 to €211,412
- Debts after one year -€17,251
down €17,251 (-9.8%), from €175,361 to €158,109
- Trade debts -€14,412
down €14,412 (-49.9%), from €28,878 to €14,466
- Tax, wage and social debts +€7,513
up €7,513 (+40.0%), from €18,759 to €26,273
of which Taxes: +€4,972
- Gross operating margin +€25,569
up €25,569 (+17.8%), from €143,340 to €168,909
- Staff costs +€17,102
up €17,102 (+36.7%), from €46,596 to €63,698
- Taxes +€8,828
up €8,828 (+47.9%), from €18,444 to €27,273
- Financial income +€2,217
up €2,217 (+103%), from €2,146 to €4,363
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 | €486,099 | €514,770 | +€28,671 | +5.9% |
| Fixed assets | 21/28 | €355,265 | €341,015 | -€14,250 | -4.0% |
| Intangible fixed assets | 21 | €1,608 | €1,037 | -€571 | -35.5% |
| Tangible fixed assets | 22/27 | €352,158 | €338,479 | -€13,679 | -3.9% |
| Land and buildings | 22 | €306,175 | €296,616 | -€9,559 | -3.1% |
| Plant, machinery and equipment | 23 | €25,586 | €23,886 | -€1,700 | -6.6% |
| Other tangible fixed assets | 26 | €20,396 | €17,977 | -€2,420 | -11.9% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €130,833 | €173,755 | +€42,922 | +32.8% |
| Stocks and contracts in progress | 3 | €2,766 | €2,729 | -€37 | -1.3% |
| Stocks | 30/36 | €2,766 | €2,729 | -€37 | -1.3% |
| Amounts receivable within one year | 40/41 | €3,022 | €5,366 | +€2,344 | +77.6% |
| Trade receivables | 40 | €2,925 | €1,216 | -€1,709 | -58.4% |
| Other amounts receivable | 41 | €97 | €4,150 | +€4,053 | +4,188% |
| Current investments | 50/53 | €30,000 | €75,000 | +€45,000 | +150% |
| Cash at bank and in hand | 54/58 | €91,981 | €87,167 | -€4,814 | -5.2% |
| Deferred charges and accrued income | 490/1 | €3,064 | €3,492 | +€428 | +14.0% |
| Total equity and liabilities | 10/49 | €486,099 | €514,770 | +€28,671 | +5.9% |
| Equity | 10/15 | €175,736 | €230,012 | +€54,276 | +30.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €157,136 | €211,412 | +€54,276 | +34.5% |
| Distributable reserves | 133 | €157,136 | €211,412 | +€54,276 | +34.5% |
| Amounts payable | 17/49 | €310,363 | €284,758 | -€25,605 | -8.2% |
| Amounts payable after more than one year | 17 | €175,361 | €158,109 | -€17,251 | -9.8% |
| Financial debts | 170/4 | €175,361 | €158,109 | -€17,251 | -9.8% |
| Amounts payable within one year | 42/48 | €135,002 | €126,649 | -€8,353 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €16,983 | €17,251 | +€269 | +1.6% |
| Trade debts | 44 | €28,878 | €14,466 | -€14,412 | -49.9% |
| Suppliers | 440/4 | €28,878 | €14,466 | -€14,412 | -49.9% |
| Taxes, remuneration and social security | 45 | €18,759 | €26,273 | +€7,513 | +40.0% |
| Taxes | 450/3 | €12,664 | €17,636 | +€4,972 | +39.3% |
| Remuneration and social security | 454/9 | €6,096 | €8,637 | +€2,541 | +41.7% |
| Other amounts payable | 47/48 | €70,382 | €68,659 | -€1,723 | -2.4% |
| Remuneration, social security and pensions | 62 | €46,596 | €63,698 | +€17,102 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,361 | €16,450 | +€90 | +0.5% |
| Other operating charges | 640/8 | €4,556 | €5,012 | +€455 | +10.0% |
| Gross operating margin | 9900 | €143,340 | €168,909 | +€25,569 | +17.8% |
| Operating profit (loss) | 9901 | €75,826 | €83,749 | +€7,922 | +10.4% |
| Financial income | 75/76B | €2,146 | €4,363 | +€2,217 | +103% |
| Recurring financial income | 75 | €2,146 | €4,363 | +€2,217 | +103% |
| Financial charges | 65/66B | €7,487 | €6,563 | -€924 | -12.3% |
| Recurring financial charges | 65 | €7,487 | €6,563 | -€924 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €70,485 | €81,548 | +€11,064 | +15.7% |
| Income taxes | 67/77 | €18,444 | €27,273 | +€8,828 | +47.9% |
| Profit (loss) for the period | 9904 | €52,040 | €54,276 | +€2,235 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,040 | €54,276 | +€2,235 | +4.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.