KARMA: 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.
KARMA
Largest movements
- Receivables within one year +€16,488
up €16,488 (+38.9%), from €42,377 to €58,865
of which Other amounts receivable: +€17,402
- Tangible fixed assets -€9,707
down €9,707 (-13.2%), from €73,763 to €64,056
of which Furniture and vehicles: -€6,760
- Stocks and contracts -€4,313
down €4,313 (-24.2%), from €17,849 to €13,536
- Cash -€2,029
down €2,029 (-15.7%), from €12,942 to €10,913
mainly Other debts (-€29,577) and Receivables within one year (-€16,488)
- Other debts -€29,577
down €29,577 (-99.8%), from €29,623 to €46
- Reserves +€23,888
up €23,888 (+27.5%), from €86,733 to €110,621
of which Distributable reserves: +€23,888
- Trade debts +€4,020
up €4,020 (+195%), from €2,064 to €6,084
- Tax, wage and social debts +€2,108
up €2,108 (+21.3%), from €9,911 to €12,019
- Depreciation +€3,531
up €3,531 (+35.5%), from €9,951 to €13,482
- Gross operating margin +€2,789
up €2,789 (+6.2%), from €44,729 to €47,519
- Taxes +€2,728
up €2,728 (+42.8%), from €6,373 to €9,101
- Financial charges -€1,712
down €1,712 (-90.2%), from €1,899 to €187
- Financial income +€482
up €482 (+61,737%), from €1 to €482
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.
Derived cash bridge
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 | €146,931 | €147,370 | +€439 | +0.3% |
| Fixed assets | 21/28 | €73,763 | €64,056 | -€9,707 | -13.2% |
| Tangible fixed assets | 22/27 | €73,763 | €64,056 | -€9,707 | -13.2% |
| Plant, machinery and equipment | 23 | €44,711 | €41,764 | -€2,947 | -6.6% |
| Furniture and vehicles | 24 | €29,052 | €22,292 | -€6,760 | -23.3% |
| Current assets | 29/58 | €73,168 | €83,313 | +€10,146 | +13.9% |
| Stocks and contracts in progress | 3 | €17,849 | €13,536 | -€4,313 | -24.2% |
| Stocks | 30/36 | €17,849 | €13,536 | -€4,313 | -24.2% |
| Amounts receivable within one year | 40/41 | €42,377 | €58,865 | +€16,488 | +38.9% |
| Trade receivables | 40 | €41,978 | €41,064 | -€914 | -2.2% |
| Other amounts receivable | 41 | €399 | €17,801 | +€17,402 | +4,365% |
| Cash at bank and in hand | 54/58 | €12,942 | €10,913 | -€2,029 | -15.7% |
| Total equity and liabilities | 10/49 | €146,931 | €147,370 | +€439 | +0.3% |
| Equity | 10/15 | €105,333 | €129,221 | +€23,888 | +22.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,733 | €110,621 | +€23,888 | +27.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €86,733 | €110,621 | +€23,888 | +27.5% |
| Amounts payable | 17/49 | €41,598 | €18,149 | -€23,449 | -56.4% |
| Amounts payable within one year | 42/48 | €41,598 | €18,149 | -€23,449 | -56.4% |
| Trade debts | 44 | €2,064 | €6,084 | +€4,020 | +195% |
| Suppliers | 440/4 | €2,064 | €6,084 | +€4,020 | +195% |
| Taxes, remuneration and social security | 45 | €9,911 | €12,019 | +€2,108 | +21.3% |
| Taxes | 450/3 | €9,911 | €12,019 | +€2,108 | +21.3% |
| Other amounts payable | 47/48 | €29,623 | €46 | -€29,577 | -99.8% |
| Non-recurring operating income | 76A | €750 | €0 | -€750 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,951 | €13,482 | +€3,531 | +35.5% |
| Other operating charges | 640/8 | €577 | €843 | +€266 | +46.1% |
| Non-recurring operating charges | 66A | €8,240 | €500 | -€7,740 | -93.9% |
| Gross operating margin | 9900 | €44,729 | €47,519 | +€2,789 | +6.2% |
| Operating profit (loss) | 9901 | €25,961 | €32,693 | +€6,732 | +25.9% |
| Financial income | 75/76B | €1 | €482 | +€482 | +61,737% |
| Recurring financial income | 75 | €1 | €482 | +€482 | +61,737% |
| Financial charges | 65/66B | €1,899 | €187 | -€1,712 | -90.2% |
| Recurring financial charges | 65 | €1,899 | €187 | -€1,712 | -90.2% |
| Profit (loss) for the period before taxes | 9903 | €24,063 | €32,989 | +€8,926 | +37.1% |
| Income taxes | 67/77 | €6,373 | €9,101 | +€2,728 | +42.8% |
| Profit (loss) for the period | 9904 | €17,690 | €23,888 | +€6,198 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,690 | €23,888 | +€6,198 | +35.0% |
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 16 October 2026 via checked.be.