KARIA: 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.
KARIA
Largest movements
- Cash -€32,870
down €32,870 (-94.7%), from €34,698 to €1,828
mainly Other debts (-€40,036) and Tax, wage and social debts (-€12,367)
- Tangible fixed assets -€28,490
down €28,490 (-60.6%), from €46,977 to €18,487
of which Other tangible fixed assets: -€19,212
- Receivables within one year +€1,358
up €1,358 (+4.5%), from €30,321 to €31,679
of which Other amounts receivable: +€12,000
- Stocks and contracts -€1,220
no longer reported in 2025 (was €1,220)
- Other debts -€40,036
down €40,036 (-62.3%), from €64,250 to €24,213
- Tax, wage and social debts -€12,367
down €12,367 (-89.1%), from €13,877 to €1,510
of which Taxes: -€10,487
- Profit (loss) carried forward -€10,509
down €10,509 (-70.6%), from -€14,889 to -€25,398
- Trade debts +€1,401
new in 2025: €1,401
- Staff costs -€102,396
down €102,396 (-66.9%), from €153,047 to €50,651
- Gross operating margin -€80,017
down €80,017 (-50.6%), from €158,006 to €77,989
- Financial charges -€3,221
down €3,221 (-88.1%), from €3,655 to €434
- Depreciation -€1,722
down €1,722 (-14.7%), from €11,706 to €9,984
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 | €113,684 | €52,173 | -€61,511 | -54.1% |
| Fixed assets | 21/28 | €47,445 | €18,665 | -€28,780 | -60.7% |
| Tangible fixed assets | 22/27 | €46,977 | €18,487 | -€28,490 | -60.6% |
| Land and buildings | 22 | €249 | - | -€249 | |
| Plant, machinery and equipment | 23 | €27,516 | €18,487 | -€9,029 | -32.8% |
| Other tangible fixed assets | 26 | €19,212 | - | -€19,212 | |
| Financial fixed assets | 28 | €468 | €178 | -€290 | -61.9% |
| Current assets | 29/58 | €66,239 | €33,508 | -€32,732 | -49.4% |
| Stocks and contracts in progress | 3 | €1,220 | - | -€1,220 | |
| Stocks | 30/36 | €1,220 | - | -€1,220 | |
| Amounts receivable within one year | 40/41 | €30,321 | €31,679 | +€1,358 | +4.5% |
| Trade receivables | 40 | €30,321 | €19,679 | -€10,642 | -35.1% |
| Other amounts receivable | 41 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €34,698 | €1,828 | -€32,870 | -94.7% |
| Total equity and liabilities | 10/49 | €113,684 | €52,173 | -€61,511 | -54.1% |
| Equity | 10/15 | €35,557 | €25,048 | -€10,509 | -29.6% |
| Contributions | 10/11 | €45,860 | €45,860 | = | 0.0% |
| Reserves | 13 | €4,586 | €4,586 | = | 0.0% |
| Distributable reserves | 133 | €4,586 | €4,586 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,889 | -€25,398 | -€10,509 | -70.6% |
| Amounts payable | 17/49 | €78,127 | €27,125 | -€51,002 | -65.3% |
| Amounts payable within one year | 42/48 | €78,127 | €27,125 | -€51,002 | -65.3% |
| Trade debts | 44 | - | €1,401 | +€1,401 | |
| Suppliers | 440/4 | - | €1,401 | +€1,401 | |
| Taxes, remuneration and social security | 45 | €13,877 | €1,510 | -€12,367 | -89.1% |
| Taxes | 450/3 | €11,998 | €1,510 | -€10,487 | -87.4% |
| Remuneration and social security | 454/9 | €1,880 | - | -€1,880 | |
| Other amounts payable | 47/48 | €64,250 | €24,213 | -€40,036 | -62.3% |
| Remuneration, social security and pensions | 62 | €153,047 | €50,651 | -€102,396 | -66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,706 | €9,984 | -€1,722 | -14.7% |
| Other operating charges | 640/8 | €8,493 | €7,714 | -€779 | -9.2% |
| Non-recurring operating charges | 66A | €1,534 | €19,726 | +€18,192 | +1185.8% |
| Gross operating margin | 9900 | €158,006 | €77,989 | -€80,017 | -50.6% |
| Operating profit (loss) | 9901 | -€16,775 | -€10,087 | +€6,688 | +39.9% |
| Financial income | 75/76B | €478 | €12 | -€466 | -97.6% |
| Recurring financial income | 75 | €478 | €12 | -€466 | -97.6% |
| Financial charges | 65/66B | €3,655 | €434 | -€3,221 | -88.1% |
| Recurring financial charges | 65 | €3,655 | €434 | -€3,221 | -88.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,952 | -€10,509 | +€9,443 | +47.3% |
| Income taxes | 67/77 | €644 | - | -€644 | |
| Profit (loss) for the period | 9904 | -€20,596 | -€10,509 | +€10,087 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,596 | -€10,509 | +€10,087 | +49.0% |
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 4 October 2026 via checked.be.