KARLI: 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.
KARLI
Largest movements
- Intangible fixed assets -€20,392
down €20,392 (-23.7%), from €85,983 to €65,591
- Cash -€10,446
down €10,446 (-95.9%), from €10,891 to €445
mainly Net result for the year (-€40,311) and Tax, wage and social debts (-€6,088)
- Receivables within one year -€5,180
down €5,180 (-15.2%), from €33,974 to €28,794
of which Trade receivables: -€26,982
- Profit (loss) carried forward -€40,311
down €40,311, from €2,093 to -€38,218
- Trade debts +€10,381
up €10,381 (+870.5%), from €1,193 to €11,573
- Tax, wage and social debts -€6,088
down €6,088 (-42.8%), from €14,223 to €8,135
- Gross operating margin -€23,049
down €23,049, from €17,078 to -€5,971
- Taxes +€13,311
up €13,311 (+5250.4%), from €254 to €13,564
- Depreciation +€4,414
up €4,414 (+27.6%), from €15,979 to €20,392
- Other operating charges +€232
new in 2025: €232
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 | €130,849 | €94,830 | -€36,019 | -27.5% |
| Fixed assets | 21/28 | €85,983 | €65,591 | -€20,392 | -23.7% |
| Intangible fixed assets | 21 | €85,983 | €65,591 | -€20,392 | -23.7% |
| Current assets | 29/58 | €44,866 | €29,239 | -€15,626 | -34.8% |
| Amounts receivable within one year | 40/41 | €33,974 | €28,794 | -€5,180 | -15.2% |
| Trade receivables | 40 | €26,982 | - | -€26,982 | |
| Other amounts receivable | 41 | €6,992 | €28,794 | +€21,802 | +311.8% |
| Cash at bank and in hand | 54/58 | €10,891 | €445 | -€10,446 | -95.9% |
| Total equity and liabilities | 10/49 | €130,849 | €94,830 | -€36,019 | -27.5% |
| Equity | 10/15 | €102,093 | €61,782 | -€40,311 | -39.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,093 | -€38,218 | -€40,311 | |
| Amounts payable | 17/49 | €28,756 | €33,048 | +€4,292 | +14.9% |
| Amounts payable within one year | 42/48 | €28,756 | €33,048 | +€4,292 | +14.9% |
| Trade debts | 44 | €1,193 | €11,573 | +€10,381 | +870.5% |
| Suppliers | 440/4 | €1,193 | €11,573 | +€10,381 | +870.5% |
| Taxes, remuneration and social security | 45 | €14,223 | €8,135 | -€6,088 | -42.8% |
| Taxes | 450/3 | €14,223 | €8,135 | -€6,088 | -42.8% |
| Other amounts payable | 47/48 | €13,340 | €13,340 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,979 | €20,392 | +€4,414 | +27.6% |
| Other operating charges | 640/8 | - | €232 | +€232 | |
| Gross operating margin | 9900 | €17,078 | -€5,971 | -€23,049 | |
| Operating profit (loss) | 9901 | €1,099 | -€26,595 | -€27,694 | |
| Financial charges | 65/66B | €85 | €152 | +€67 | +78.7% |
| Recurring financial charges | 65 | €85 | €152 | +€67 | +78.7% |
| Profit (loss) for the period before taxes | 9903 | €1,014 | -€26,747 | -€27,761 | |
| Income taxes | 67/77 | €254 | €13,564 | +€13,311 | +5250.4% |
| Profit (loss) for the period | 9904 | €761 | -€40,311 | -€41,072 | |
| Profit (loss) for the period to be appropriated | 9905 | €761 | -€40,311 | -€41,072 |
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 10 October 2026 via checked.be.