KARLO: 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.
KARLO
Largest movements
- Stocks and contracts -€3,470
down €3,470 (-29.9%), from €11,595 to €8,125
- Cash +€3,323
up €3,323 (+44.2%), from €7,512 to €10,834
mainly Stocks and contracts (+€3,470) and Tax, wage and social debts (+€3,185)
- Receivables within one year +€1,000
up €1,000 (+8.0%), from €12,505 to €13,505
of which Other amounts receivable: +€1,000
- Trade debts -€3,841
down €3,841 (-39.9%), from €9,627 to €5,787
- Tax, wage and social debts +€3,185
up €3,185 (+53.1%), from €6,001 to €9,187
of which Remuneration and social security: +€2,847
- Profit (loss) carried forward +€1,508
up €1,508 (+46.3%), from €3,259 to €4,766
- Turnover +€125,069
new in 2025: €125,069
- Other operating charges -€84,315
no longer reported in 2025 (was €84,315)
- Purchases and services +€61,972
new in 2025: €61,972
- Gross operating margin -€57,061
down €57,061 (-47.5%), from €120,158 to €63,098
- Staff costs +€25,453
up €25,453 (+70.4%), from €36,145 to €61,598
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 | €37,487 | €38,340 | +€852 | +2.3% |
| Fixed assets | 21/28 | €5,876 | €5,876 | = | 0.0% |
| Financial fixed assets | 28 | €5,876 | €5,876 | = | 0.0% |
| Current assets | 29/58 | €31,611 | €32,464 | +€852 | +2.7% |
| Stocks and contracts in progress | 3 | €11,595 | €8,125 | -€3,470 | -29.9% |
| Stocks | 30/36 | €11,595 | €8,125 | -€3,470 | -29.9% |
| Amounts receivable within one year | 40/41 | €12,505 | €13,505 | +€1,000 | +8.0% |
| Trade receivables | 40 | €832 | €832 | = | 0.0% |
| Other amounts receivable | 41 | €11,673 | €12,673 | +€1,000 | +8.6% |
| Cash at bank and in hand | 54/58 | €7,512 | €10,834 | +€3,323 | +44.2% |
| Total equity and liabilities | 10/49 | €37,487 | €38,340 | +€852 | +2.3% |
| Equity | 10/15 | €21,859 | €23,366 | +€1,508 | +6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €3,259 | €4,766 | +€1,508 | +46.3% |
| Amounts payable | 17/49 | €15,629 | €14,973 | -€655 | -4.2% |
| Amounts payable within one year | 42/48 | €15,629 | €14,973 | -€655 | -4.2% |
| Trade debts | 44 | €9,627 | €5,787 | -€3,841 | -39.9% |
| Suppliers | 440/4 | €9,627 | €5,787 | -€3,841 | -39.9% |
| Taxes, remuneration and social security | 45 | €6,001 | €9,187 | +€3,185 | +53.1% |
| Taxes | 450/3 | €6,001 | €6,340 | +€339 | +5.6% |
| Remuneration and social security | 454/9 | - | €2,847 | +€2,847 | |
| Turnover | 70 | - | €125,069 | +€125,069 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €61,972 | +€61,972 | |
| Remuneration, social security and pensions | 62 | €36,145 | €61,598 | +€25,453 | +70.4% |
| Other operating charges | 640/8 | €84,315 | - | -€84,315 | |
| Gross operating margin | 9900 | €120,158 | €63,098 | -€57,061 | -47.5% |
| Operating profit (loss) | 9901 | -€301 | €1,499 | +€1,800 | |
| Financial income | 75/76B | - | €56 | +€56 | |
| Recurring financial income | 75 | - | €56 | +€56 | |
| Financial charges | 65/66B | - | €48 | +€48 | |
| Recurring financial charges | 65 | - | €48 | +€48 | |
| Profit (loss) for the period before taxes | 9903 | -€301 | €1,508 | +€1,809 | |
| Profit (loss) for the period | 9904 | -€301 | €1,508 | +€1,809 | |
| Profit (loss) for the period to be appropriated | 9905 | -€301 | €1,508 | +€1,809 |
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 8 October 2026 via checked.be.