KARIZ: 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.
KARIZ
Largest movements
- Cash +€12,719
up €12,719 (+150.3%), from €8,462 to €21,181
mainly Depreciation (+€7,902) and Receivables within one year (+€6,872)
- Tangible fixed assets -€7,902
down €7,902 (-24.9%), from €31,778 to €23,876
- Receivables within one year -€6,872
down €6,872 (-76.4%), from €8,991 to €2,119
of which Other amounts receivable: -€8,316
- Deferred charges and accrued income +€1,027
new in 2025: €1,027
- Tax, wage and social debts -€6,389
down €6,389 (-59.0%), from €10,820 to €4,431
- Profit (loss) carried forward +€3,341
up €3,341 (+20.2%), from €16,536 to €19,877
- Trade debts +€2,020
up €2,020 (+128.3%), from €1,574 to €3,594
- Gross operating margin +€5,650
up €5,650 (+56.0%), from €10,084 to €15,734
- Other operating charges +€3,162
up €3,162 (+500.1%), from €632 to €3,794
- Depreciation +€2,958
up €2,958 (+59.8%), from €4,944 to €7,902
- Taxes +€652
new in 2025: €652
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 | €49,806 | €48,778 | -€1,028 | -2.1% |
| Fixed assets | 21/28 | €32,353 | €24,451 | -€7,902 | -24.4% |
| Tangible fixed assets | 22/27 | €31,778 | €23,876 | -€7,902 | -24.9% |
| Furniture and vehicles | 24 | €31,778 | €23,876 | -€7,902 | -24.9% |
| Financial fixed assets | 28 | €575 | €575 | = | 0.0% |
| Current assets | 29/58 | €17,453 | €24,327 | +€6,874 | +39.4% |
| Amounts receivable within one year | 40/41 | €8,991 | €2,119 | -€6,872 | -76.4% |
| Trade receivables | 40 | €675 | €2,119 | +€1,444 | +213.8% |
| Other amounts receivable | 41 | €8,316 | - | -€8,316 | |
| Cash at bank and in hand | 54/58 | €8,462 | €21,181 | +€12,719 | +150.3% |
| Deferred charges and accrued income | 490/1 | - | €1,027 | +€1,027 | |
| Total equity and liabilities | 10/49 | €49,806 | €48,778 | -€1,028 | -2.1% |
| Equity | 10/15 | €17,636 | €20,977 | +€3,341 | +18.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,536 | €19,877 | +€3,341 | +20.2% |
| Amounts payable | 17/49 | €32,170 | €27,801 | -€4,369 | -13.6% |
| Amounts payable within one year | 42/48 | €32,170 | €27,801 | -€4,369 | -13.6% |
| Trade debts | 44 | €1,574 | €3,594 | +€2,020 | +128.3% |
| Suppliers | 440/4 | €1,574 | €3,594 | +€2,020 | +128.3% |
| Taxes, remuneration and social security | 45 | €10,820 | €4,431 | -€6,389 | -59.0% |
| Taxes | 450/3 | €10,820 | €4,431 | -€6,389 | -59.0% |
| Other amounts payable | 47/48 | €19,777 | €19,777 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,944 | €7,902 | +€2,958 | +59.8% |
| Other operating charges | 640/8 | €632 | €3,794 | +€3,162 | +500.1% |
| Gross operating margin | 9900 | €10,084 | €15,734 | +€5,650 | +56.0% |
| Operating profit (loss) | 9901 | €4,508 | €4,038 | -€470 | -10.4% |
| Financial charges | 65/66B | €55 | €45 | -€10 | -17.5% |
| Recurring financial charges | 65 | €55 | €45 | -€10 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €4,453 | €3,993 | -€460 | -10.3% |
| Income taxes | 67/77 | - | €652 | +€652 | |
| Profit (loss) for the period | 9904 | €4,453 | €3,341 | -€1,112 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,453 | €3,341 | -€1,112 | -25.0% |
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 9 October 2026 via checked.be.