KARLIOGLU: 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.
KARLIOGLU
Largest movements
- Receivables within one year +€11,473
new in 2025: €11,473
- Cash +€3,132
up €3,132 (+49.4%), from €6,334 to €9,466
mainly Net result for the year (+€16,966) and Tax, wage and social debts (+€7,394)
- Tangible fixed assets -€2,591
down €2,591 (-48.9%), from €5,294 to €2,703
- Stocks and contracts -€291
down €291 (-29.7%), from €980 to €688
- Profit (loss) carried forward +€16,966
up €16,966, from -€7,293 to €9,673
- Trade debts -€15,117
down €15,117 (-97.8%), from €15,452 to €336
- Tax, wage and social debts +€7,394
up €7,394 (+166.2%), from €4,449 to €11,843
of which Taxes: +€6,172
- Other debts +€2,500
new in 2025: €2,500
- Gross operating margin +€3,949
up €3,949 (+15.9%), from €24,823 to €28,772
- Staff costs +€3,786
new in 2025: €3,786
- Taxes +€3,568
new in 2025: €3,568
- Other operating charges +€1,135
up €1,135 (+207.3%), from €547 to €1,682
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 | €12,608 | €24,351 | +€11,743 | +93.1% |
| Fixed assets | 21/28 | €5,294 | €2,703 | -€2,591 | -48.9% |
| Tangible fixed assets | 22/27 | €5,294 | €2,703 | -€2,591 | -48.9% |
| Furniture and vehicles | 24 | €5,294 | €2,703 | -€2,591 | -48.9% |
| Current assets | 29/58 | €7,314 | €21,648 | +€14,334 | +196.0% |
| Stocks and contracts in progress | 3 | €980 | €688 | -€291 | -29.7% |
| Stocks | 30/36 | €980 | €688 | -€291 | -29.7% |
| Amounts receivable within one year | 40/41 | - | €11,473 | +€11,473 | |
| Trade receivables | 40 | - | €11,473 | +€11,473 | |
| Cash at bank and in hand | 54/58 | €6,334 | €9,466 | +€3,132 | +49.4% |
| Deferred charges and accrued income | 490/1 | - | €21 | +€21 | |
| Total equity and liabilities | 10/49 | €12,608 | €24,351 | +€11,743 | +93.1% |
| Equity | 10/15 | -€7,293 | €9,673 | +€16,966 | |
| Profit (loss) carried forward | 14 | -€7,293 | €9,673 | +€16,966 | |
| Amounts payable | 17/49 | €19,901 | €14,679 | -€5,223 | -26.2% |
| Amounts payable within one year | 42/48 | €19,901 | €14,679 | -€5,223 | -26.2% |
| Trade debts | 44 | €15,452 | €336 | -€15,117 | -97.8% |
| Suppliers | 440/4 | €15,452 | €336 | -€15,117 | -97.8% |
| Taxes, remuneration and social security | 45 | €4,449 | €11,843 | +€7,394 | +166.2% |
| Taxes | 450/3 | €4,449 | €10,621 | +€6,172 | +138.7% |
| Remuneration and social security | 454/9 | - | €1,222 | +€1,222 | |
| Other amounts payable | 47/48 | - | €2,500 | +€2,500 | |
| Non-recurring operating income | 76A | €47,881 | €36,900 | -€10,982 | -22.9% |
| Remuneration, social security and pensions | 62 | - | €3,786 | +€3,786 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,591 | €2,591 | = | 0.0% |
| Other operating charges | 640/8 | €547 | €1,682 | +€1,135 | +207.3% |
| Gross operating margin | 9900 | €24,823 | €28,772 | +€3,949 | +15.9% |
| Operating profit (loss) | 9901 | €21,685 | €20,714 | -€971 | -4.5% |
| Financial charges | 65/66B | €145 | €180 | +€35 | +24.0% |
| Recurring financial charges | 65 | €145 | €180 | +€35 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | €21,539 | €20,534 | -€1,006 | -4.7% |
| Income taxes | 67/77 | - | €3,568 | +€3,568 | |
| Profit (loss) for the period | 9904 | €21,539 | €16,966 | -€4,573 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,539 | €16,966 | -€4,573 | -21.2% |
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 7 October 2026 via checked.be.