Karma-architecten: 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-architecten
Largest movements
- Cash +€141,483
up €141,483 (+18.8%), from €753,606 to €895,089
mainly Net result for the year (+€163,695) and Trade debts (+€140,641)
- Receivables within one year -€32,423
down €32,423 (-9.6%), from €339,044 to €306,622
of which Other amounts receivable: -€55,931
- Deferred charges and accrued income -€29,925
down €29,925 (-82.2%), from €36,400 to €6,475
- Trade debts +€140,641
up €140,641 (+1,265%), from €11,117 to €151,758
- Other debts -€93,712
down €93,712 (-48.3%), from €193,880 to €100,168
- Reserves +€63,695
up €63,695 (+7.2%), from €879,015 to €942,710
- Tax, wage and social debts -€42,653
down €42,653 (-69.6%), from €61,257 to €18,604
- Gross operating margin -€34,141
down €34,141 (-14.4%), from €236,887 to €202,746
- Taxes -€5,876
down €5,876 (-16.0%), from €36,714 to €30,838
- Financial income -€5,859
down €5,859 (-30.0%), from €19,506 to €13,647
- Write-downs +€4,875
up €4,875, from €0 to €4,875
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 | €1,151,636 | €1,219,440 | +€67,804 | +5.9% |
| Fixed assets | 21/28 | €22,586 | €11,254 | -€11,332 | -50.2% |
| Tangible fixed assets | 22/27 | €22,586 | €11,254 | -€11,332 | -50.2% |
| Plant, machinery and equipment | 23 | €521 | €287 | -€234 | -44.9% |
| Furniture and vehicles | 24 | €22,065 | €10,967 | -€11,098 | -50.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,129,050 | €1,208,186 | +€79,136 | +7.0% |
| Amounts receivable within one year | 40/41 | €339,044 | €306,622 | -€32,423 | -9.6% |
| Trade receivables | 40 | €68,339 | €91,848 | +€23,509 | +34.4% |
| Other amounts receivable | 41 | €270,705 | €214,774 | -€55,931 | -20.7% |
| Cash at bank and in hand | 54/58 | €753,606 | €895,089 | +€141,483 | +18.8% |
| Deferred charges and accrued income | 490/1 | €36,400 | €6,475 | -€29,925 | -82.2% |
| Total equity and liabilities | 10/49 | €1,151,636 | €1,219,440 | +€67,804 | +5.9% |
| Equity | 10/15 | €885,383 | €948,910 | +€63,527 | +7.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €879,015 | €942,710 | +€63,695 | +7.2% |
| Distributable reserves | 133 | €879,015 | €942,710 | +€63,695 | +7.2% |
| Profit (loss) carried forward | 14 | €168 | €0 | -€168 | -100% |
| Amounts payable | 17/49 | €266,253 | €270,529 | +€4,276 | +1.6% |
| Amounts payable within one year | 42/48 | €266,253 | €270,529 | +€4,276 | +1.6% |
| Trade debts | 44 | €11,117 | €151,758 | +€140,641 | +1,265% |
| Suppliers | 440/4 | €11,117 | €151,758 | +€140,641 | +1,265% |
| Taxes, remuneration and social security | 45 | €61,257 | €18,604 | -€42,653 | -69.6% |
| Taxes | 450/3 | €61,257 | €18,604 | -€42,653 | -69.6% |
| Other amounts payable | 47/48 | €193,880 | €100,168 | -€93,712 | -48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,821 | €15,610 | -€2,211 | -12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €4,875 | +€4,875 | |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +158% |
| Non-recurring operating charges | 66A | - | €2 | +€2 | |
| Gross operating margin | 9900 | €236,887 | €202,746 | -€34,141 | -14.4% |
| Operating profit (loss) | 9901 | €218,678 | €181,261 | -€37,417 | -17.1% |
| Financial income | 75/76B | €19,506 | €13,647 | -€5,859 | -30.0% |
| Recurring financial income | 75 | €19,506 | €13,647 | -€5,859 | -30.0% |
| Financial charges | 65/66B | €232 | €375 | +€143 | +61.5% |
| Recurring financial charges | 65 | €232 | €375 | +€143 | +61.5% |
| Profit (loss) for the period before taxes | 9903 | €237,952 | €194,533 | -€43,419 | -18.2% |
| Income taxes | 67/77 | €36,714 | €30,838 | -€5,876 | -16.0% |
| Profit (loss) for the period | 9904 | €201,238 | €163,695 | -€37,543 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €201,238 | €163,695 | -€37,543 | -18.7% |
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 15 October 2026 via checked.be.