KARILISE: 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.
What changed
KARILISE
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€242,211
2024 · -€236,511-€5,700
Equity
€949,680
2024 · €1.2m-€242,211
Cash
€1,193
2024 · €5,351-€4,158
Balance sheet total
€2.1m
2024 · €2.2m-€76,754
Largest movements
Assets
- Tangible fixed assets -€64,241
down €64,241 (-3.3%), from €1.9m to €1.9m
of which Land and buildings: -€50,656
Equity and liabilities
- Profit (loss) carried forward -€229,242
new in 2025: -€229,242
- Other debts +€152,252
up €152,252 (+27.8%), from €547,849 to €700,101
- Trade debts +€26,817
up €26,817 (+181%), from €14,826 to €41,643
Income statement
- Depreciation +€39,363
up €39,363 (+48.0%), from €82,073 to €121,436
- Financial charges -€25,510
down €25,510 (-56.8%), from €44,946 to €19,436
- Other operating charges -€10,670
down €10,670 (-66.7%), from €15,996 to €5,326
- Gross operating margin -€3,249
down €3,249 (-5.0%), from -€65,318 to -€68,566
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
-€236,511
Gross operating margin
-€3,249
Staff costs
+€648
Depreciation
-€39,363
Other operating charges
+€10,670
Financial income
-€103
Financial charges
+€25,510
Taxes
+€188
Result 2025
-€242,211
raises the resultlowers the result
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.
From operations
+€70,946
Investment
-€59,106
Financing
-€15,998
Cash 2024
€5,351
From operations (derived)
+€70,946
Net result for the year
-€242,211
Depreciation
+€121,436
Stocks and contracts
+€4,127
Receivables within one year
+€5,528
Deferred charges and accrued income
+€612
Trade debts
+€26,817
Tax, wage and social debts
+€2,386
Other debts
+€152,252
Investment (derived)
-€59,106
Investment in fixed assets (net)
-€59,106
Financing
-€15,998
Debts after one year
-€13,692
Current portion of long-term debt
-€2,305
Cash 2025
€1,193
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,162,675 | €2,085,922 | -€76,754 | -3.5% |
| Fixed assets | 21/28 | €1,977,169 | €1,914,840 | -€62,329 | -3.2% |
| Intangible fixed assets | 21 | €58,000 | €59,912 | +€1,912 | +3.3% |
| Tangible fixed assets | 22/27 | €1,919,169 | €1,854,928 | -€64,241 | -3.3% |
| Land and buildings | 22 | €1,806,539 | €1,755,883 | -€50,656 | -2.8% |
| Plant, machinery and equipment | 23 | €58,258 | €46,018 | -€12,241 | -21.0% |
| Furniture and vehicles | 24 | €54,372 | €53,028 | -€1,345 | -2.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €185,506 | €171,082 | -€14,424 | -7.8% |
| Stocks and contracts in progress | 3 | €147,733 | €143,605 | -€4,127 | -2.8% |
| Stocks | 30/36 | €147,733 | €143,605 | -€4,127 | -2.8% |
| Amounts receivable within one year | 40/41 | €27,179 | €21,651 | -€5,528 | -20.3% |
| Trade receivables | 40 | €13,007 | €17,657 | +€4,650 | +35.7% |
| Other amounts receivable | 41 | €14,171 | €3,994 | -€10,177 | -71.8% |
| Cash at bank and in hand | 54/58 | €5,351 | €1,193 | -€4,158 | -77.7% |
| Deferred charges and accrued income | 490/1 | €5,244 | €4,632 | -€612 | -11.7% |
| Total equity and liabilities | 10/49 | €2,162,675 | €2,085,922 | -€76,754 | -3.5% |
| Equity | 10/15 | €1,191,891 | €949,680 | -€242,211 | -20.3% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €791,891 | €778,922 | -€12,969 | -1.6% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €513,922 | €513,922 | = | 0.0% |
| Distributable reserves | 133 | €237,969 | €225,000 | -€12,969 | -5.4% |
| Profit (loss) carried forward | 14 | - | -€229,242 | -€229,242 | |
| Provisions and deferred taxes | 16 | €171,307 | €171,307 | = | 0.0% |
| Deferred taxes | 168 | €171,307 | €171,307 | = | 0.0% |
| Amounts payable | 17/49 | €799,477 | €964,934 | +€165,457 | +20.7% |
| Amounts payable after more than one year | 17 | €196,825 | €183,133 | -€13,692 | -7.0% |
| Financial debts | 170/4 | €196,825 | €183,133 | -€13,692 | -7.0% |
| Amounts payable within one year | 42/48 | €599,380 | €778,529 | +€179,149 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | €22,423 | €20,118 | -€2,305 | -10.3% |
| Trade debts | 44 | €14,826 | €41,643 | +€26,817 | +181% |
| Suppliers | 440/4 | €14,826 | €41,643 | +€26,817 | +181% |
| Taxes, remuneration and social security | 45 | €14,281 | €16,667 | +€2,386 | +16.7% |
| Taxes | 450/3 | €9,926 | €9,787 | -€140 | -1.4% |
| Remuneration and social security | 454/9 | €4,355 | €6,881 | +€2,526 | +58.0% |
| Other amounts payable | 47/48 | €547,849 | €700,101 | +€152,252 | +27.8% |
| Accrued charges and deferred income | 492/3 | €3,272 | €3,272 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €27,803 | €27,154 | -€648 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,073 | €121,436 | +€39,363 | +48.0% |
| Other operating charges | 640/8 | €15,996 | €5,326 | -€10,670 | -66.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€65,318 | -€68,566 | -€3,249 | -5.0% |
| Operating profit (loss) | 9901 | -€191,189 | -€222,482 | -€31,293 | -16.4% |
| Financial income | 75/76B | €134 | €31 | -€103 | -76.9% |
| Recurring financial income | 75 | €134 | €31 | -€103 | -76.9% |
| Financial charges | 65/66B | €44,946 | €19,436 | -€25,510 | -56.8% |
| Recurring financial charges | 65 | €44,946 | €19,436 | -€25,510 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | -€236,000 | -€241,888 | -€5,887 | -2.5% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €511 | €323 | -€188 | -36.7% |
| Profit (loss) for the period | 9904 | -€236,511 | -€242,211 | -€5,700 | -2.4% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€236,511 | -€242,211 | -€5,700 | -2.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.