KARMA: 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.
KARMA
Largest movements
- Tangible fixed assets -€4,773
down €4,773 (-3.5%), from €137,691 to €132,918
- Profit (loss) carried forward -€16,631
down €16,631 (-15.3%), from -€108,880 to -€125,510
- Trade debts +€6,637
new in 2025: €6,637
- Other debts +€5,180
up €5,180 (+3.1%), from €168,355 to €173,535
- Financial charges +€4,707
up €4,707 (+10284.6%), from €46 to €4,753
- Gross operating margin +€1,510
up €1,510 (+31.1%), from -€4,859 to -€3,349
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 | €138,002 | €133,188 | -€4,814 | -3.5% |
| Fixed assets | 21/28 | €137,691 | €132,918 | -€4,773 | -3.5% |
| Tangible fixed assets | 22/27 | €137,691 | €132,918 | -€4,773 | -3.5% |
| Land and buildings | 22 | €137,691 | €132,918 | -€4,773 | -3.5% |
| Current assets | 29/58 | €311 | €270 | -€41 | -13.1% |
| Cash at bank and in hand | 54/58 | €311 | €270 | -€41 | -13.1% |
| Total equity and liabilities | 10/49 | €138,002 | €133,188 | -€4,814 | -3.5% |
| Equity | 10/15 | -€30,353 | -€46,984 | -€16,631 | -54.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €3,526 | €3,526 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,526 | €3,526 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,526 | €3,526 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,880 | -€125,510 | -€16,631 | -15.3% |
| Amounts payable | 17/49 | €168,355 | €180,172 | +€11,817 | +7.0% |
| Amounts payable within one year | 42/48 | €168,355 | €180,172 | +€11,817 | +7.0% |
| Trade debts | 44 | - | €6,637 | +€6,637 | |
| Suppliers | 440/4 | - | €6,637 | +€6,637 | |
| Other amounts payable | 47/48 | €168,355 | €173,535 | +€5,180 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,773 | €4,773 | = | 0.0% |
| Other operating charges | 640/8 | €3,725 | €3,755 | +€30 | +0.8% |
| Gross operating margin | 9900 | -€4,859 | -€3,349 | +€1,510 | +31.1% |
| Operating profit (loss) | 9901 | -€13,357 | -€11,878 | +€1,480 | +11.1% |
| Financial charges | 65/66B | €46 | €4,753 | +€4,707 | +10284.6% |
| Recurring financial charges | 65 | €46 | €4,753 | +€4,707 | +10284.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,403 | -€16,631 | -€3,228 | -24.1% |
| Profit (loss) for the period | 9904 | -€13,403 | -€16,631 | -€3,228 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,403 | -€16,631 | -€3,228 | -24.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.