Karibu: 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.
What changed
Karibu
NACE 70.100, Activities of head offices
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€49,106
2024 · €45,965+€3,141
Equity
€328,383
2024 · €279,277+€49,106
Cash
€22,846
2024 · €6,998+€15,848
Balance sheet total
€1.9m
2024 · €1.9m-€22,761
Largest movements
Assets
- Tangible fixed assets -€51,242
down €51,242 (-2.7%), from €1.9m to €1.9m
Equity and liabilities
- Debts after one year -€91,072
down €91,072 (-10.9%), from €833,820 to €742,748
- Reserves +€49,106
up €49,106 (+25.5%), from €192,514 to €241,620
of which Distributable reserves: +€49,106
- Other debts +€20,476
up €20,476 (+2.9%), from €718,074 to €738,550
Income statement
- Gross operating margin +€22,774
up €22,774 (+15.9%), from €143,602 to €166,375
- Financial charges +€18,199
up €18,199 (+114.8%), from €15,847 to €34,046
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.
Result 2024
€45,965
Gross operating margin
+€22,774
Depreciation
-€39
Other operating charges
-€217
Financial charges
-€18,199
Taxes
-€1,178
Result 2025
€49,106
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.
From operations
+€107,510
Investment
-€1,994
Financing
-€89,668
Cash 2024
€6,998
From operations (derived)
+€107,510
Net result for the year
+€49,106
Depreciation
+€53,236
Receivables within one year
-€9,679
Deferred charges and accrued income
-€2,953
Trade debts
+€1,889
Tax, wage and social debts
-€4,465
Other debts
+€20,476
Accrued charges and deferred income
-€100
Investment (derived)
-€1,994
Investment in fixed assets (net)
-€1,994
Financing
-€89,668
Debts after one year
-€91,072
Current portion of long-term debt
+€1,404
Cash 2025
€22,846
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,941,107 | €1,918,345 | -€22,761 | -1.2% |
| Fixed assets | 21/28 | €1,920,015 | €1,868,774 | -€51,242 | -2.7% |
| Tangible fixed assets | 22/27 | €1,920,015 | €1,868,774 | -€51,242 | -2.7% |
| Land and buildings | 22 | €1,920,015 | €1,868,774 | -€51,242 | -2.7% |
| Current assets | 29/58 | €21,091 | €49,572 | +€28,480 | +135.0% |
| Amounts receivable within one year | 40/41 | €14,093 | €23,773 | +€9,679 | +68.7% |
| Trade receivables | 40 | €13,655 | €22,192 | +€8,537 | +62.5% |
| Other amounts receivable | 41 | €438 | €1,581 | +€1,142 | +260.6% |
| Cash at bank and in hand | 54/58 | €6,998 | €22,846 | +€15,848 | +226.5% |
| Deferred charges and accrued income | 490/1 | €0 | €2,953 | +€2,953 | |
| Total equity and liabilities | 10/49 | €1,941,107 | €1,918,345 | -€22,761 | -1.2% |
| Equity | 10/15 | €279,277 | €328,383 | +€49,106 | +17.6% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €192,514 | €241,620 | +€49,106 | +25.5% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Legal reserve | 130 | €8,676 | €8,676 | = | 0.0% |
| Distributable reserves | 133 | €183,838 | €232,944 | +€49,106 | +26.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,661,830 | €1,589,962 | -€71,868 | -4.3% |
| Amounts payable after more than one year | 17 | €833,820 | €742,748 | -€91,072 | -10.9% |
| Financial debts | 170/4 | €833,820 | €742,748 | -€91,072 | -10.9% |
| Amounts payable within one year | 42/48 | €826,920 | €846,225 | +€19,305 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €89,668 | €91,072 | +€1,404 | +1.6% |
| Trade debts | 44 | €431 | €2,320 | +€1,889 | +438.0% |
| Suppliers | 440/4 | €431 | €2,320 | +€1,889 | +438.0% |
| Taxes, remuneration and social security | 45 | €18,747 | €14,282 | -€4,465 | -23.8% |
| Taxes | 450/3 | €18,747 | €12,168 | -€6,578 | -35.1% |
| Remuneration and social security | 454/9 | €0 | €2,113 | +€2,113 | |
| Other amounts payable | 47/48 | €718,074 | €738,550 | +€20,476 | +2.9% |
| Accrued charges and deferred income | 492/3 | €1,090 | €990 | -€100 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,196 | €53,236 | +€39 | +0.1% |
| Other operating charges | 640/8 | €11,356 | €11,573 | +€217 | +1.9% |
| Gross operating margin | 9900 | €143,602 | €166,375 | +€22,774 | +15.9% |
| Operating profit (loss) | 9901 | €79,049 | €101,567 | +€22,518 | +28.5% |
| Financial charges | 65/66B | €15,847 | €34,046 | +€18,199 | +114.8% |
| Recurring financial charges | 65 | €15,847 | €34,046 | +€18,199 | +114.8% |
| Profit (loss) for the period before taxes | 9903 | €63,202 | €67,521 | +€4,319 | +6.8% |
| Income taxes | 67/77 | €17,237 | €18,415 | +€1,178 | +6.8% |
| Profit (loss) for the period | 9904 | €45,965 | €49,106 | +€3,141 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,965 | €49,106 | +€3,141 | +6.8% |
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 7 October 2026 via checked.be.