KARLI: 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.
KARLI
Largest movements
- Cash +€25,692
up €25,692 (+50.8%), from €50,602 to €76,294
mainly Net result for the year (+€34,838) and Depreciation (+€995)
- Reserves +€34,838
up €34,838 (+37.5%), from €92,842 to €127,680
of which Distributable reserves: +€34,656
- Tax, wage and social debts -€10,041
down €10,041 (-88.9%), from €11,299 to €1,258
- Depreciation -€2,042
down €2,042 (-67.2%), from €3,037 to €995
- Gross operating margin +€1,621
up €1,621 (+2.8%), from €58,626 to €60,247
- Taxes +€1,457
up €1,457 (+9.8%), from €14,808 to €16,264
- Other operating charges -€992
down €992 (-10.9%), from €9,097 to €8,105
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 | €119,513 | €144,310 | +€24,796 | +20.7% |
| Fixed assets | 21/28 | €66,632 | €65,636 | -€995 | -1.5% |
| Tangible fixed assets | 22/27 | €66,632 | €65,636 | -€995 | -1.5% |
| Land and buildings | 22 | €66,632 | €65,636 | -€995 | -1.5% |
| Current assets | 29/58 | €52,882 | €78,673 | +€25,792 | +48.8% |
| Cash at bank and in hand | 54/58 | €50,602 | €76,294 | +€25,692 | +50.8% |
| Deferred charges and accrued income | 490/1 | €2,280 | €2,380 | +€100 | +4.4% |
| Total equity and liabilities | 10/49 | €119,513 | €144,310 | +€24,796 | +20.7% |
| Equity | 10/15 | €108,065 | €142,902 | +€34,838 | +32.2% |
| Contributions | 10/11 | €15,223 | €15,223 | = | 0.0% |
| Outside capital | 11 | €15,223 | - | -€15,223 | |
| Other | 1109/19 | €15,223 | - | -€15,223 | |
| Reserves | 13 | €92,842 | €127,680 | +€34,838 | +37.5% |
| Non-distributable reserves | 130/1 | - | €182 | +€182 | |
| Reserves not available under the articles | 1311 | - | €182 | +€182 | |
| Distributable reserves | 133 | €92,842 | €127,498 | +€34,656 | +37.3% |
| Amounts payable | 17/49 | €11,449 | €1,408 | -€10,041 | -87.7% |
| Amounts payable within one year | 42/48 | €11,449 | €1,408 | -€10,041 | -87.7% |
| Taxes, remuneration and social security | 45 | €11,299 | €1,258 | -€10,041 | -88.9% |
| Taxes | 450/3 | €11,299 | €1,258 | -€10,041 | -88.9% |
| Other amounts payable | 47/48 | €150 | €150 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,037 | €995 | -€2,042 | -67.2% |
| Other operating charges | 640/8 | €9,097 | €8,105 | -€992 | -10.9% |
| Gross operating margin | 9900 | €58,626 | €60,247 | +€1,621 | +2.8% |
| Operating profit (loss) | 9901 | €46,492 | €51,147 | +€4,655 | +10.0% |
| Financial charges | 65/66B | €70 | €45 | -€25 | -35.7% |
| Recurring financial charges | 65 | €70 | €45 | -€25 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €46,422 | €51,102 | +€4,680 | +10.1% |
| Income taxes | 67/77 | €14,808 | €16,264 | +€1,457 | +9.8% |
| Profit (loss) for the period | 9904 | €31,615 | €34,838 | +€3,223 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,615 | €34,838 | +€3,223 | +10.2% |
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 29 September 2026 via checked.be.