KARMA-DECO: 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-DECO
Largest movements
- Tangible fixed assets -€36,756
down €36,756 (-7.1%), from €514,921 to €478,165
of which Land and buildings: -€42,465
- Cash +€33,383
up €33,383 (+80.0%), from €41,752 to €75,135
mainly Depreciation (+€45,917) and Other debts (+€39,134)
- Receivables within one year -€21,530
down €21,530 (-69.5%), from €30,997 to €9,467
of which Other amounts receivable: -€21,586
- Debts after one year -€45,393
down €45,393 (-19.0%), from €238,589 to €193,197
- Other debts +€39,134
up €39,134 (+20.4%), from €192,094 to €231,227
- Short-term financial debts -€8,826
down €8,826 (-100.0%), from €8,826 to €0
- Depreciation -€4,920
down €4,920 (-9.7%), from €50,836 to €45,917
- Staff costs -€4,469
down €4,469 (-4.0%), from €112,167 to €107,698
- Write-downs +€3,656
up €3,656 (+28.8%), from €12,698 to €16,354
- Financial charges +€2,266
up €2,266 (+10.4%), from €21,878 to €24,144
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 | €753,348 | €737,532 | -€15,815 | -2.1% |
| Fixed assets | 21/28 | €515,396 | €478,710 | -€36,686 | -7.1% |
| Tangible fixed assets | 22/27 | €514,921 | €478,165 | -€36,756 | -7.1% |
| Land and buildings | 22 | €507,525 | €465,060 | -€42,465 | -8.4% |
| Plant, machinery and equipment | 23 | €2,748 | €2,404 | -€345 | -12.5% |
| Furniture and vehicles | 24 | €4,648 | €10,702 | +€6,054 | +130.2% |
| Financial fixed assets | 28 | €475 | €545 | +€70 | +14.7% |
| Current assets | 29/58 | €237,952 | €258,822 | +€20,871 | +8.8% |
| Stocks and contracts in progress | 3 | €164,663 | €170,861 | +€6,198 | +3.8% |
| Stocks | 30/36 | €164,663 | €170,861 | +€6,198 | +3.8% |
| Amounts receivable within one year | 40/41 | €30,997 | €9,467 | -€21,530 | -69.5% |
| Trade receivables | 40 | €0 | €56 | +€56 | |
| Other amounts receivable | 41 | €30,997 | €9,411 | -€21,586 | -69.6% |
| Cash at bank and in hand | 54/58 | €41,752 | €75,135 | +€33,383 | +80.0% |
| Deferred charges and accrued income | 490/1 | €540 | €3,359 | +€2,820 | +522.3% |
| Total equity and liabilities | 10/49 | €753,348 | €737,532 | -€15,815 | -2.1% |
| Equity | 10/15 | €201,949 | €205,014 | +€3,065 | +1.5% |
| Contributions | 10/11 | €76,780 | €76,780 | = | 0.0% |
| Reserves | 13 | - | €3,065 | +€3,065 | |
| Distributable reserves | 133 | - | €3,065 | +€3,065 | |
| Profit (loss) carried forward | 14 | €125,169 | €125,169 | = | 0.0% |
| Amounts payable | 17/49 | €551,399 | €532,518 | -€18,880 | -3.4% |
| Amounts payable after more than one year | 17 | €238,589 | €193,197 | -€45,393 | -19.0% |
| Financial debts | 170/4 | €238,589 | €193,197 | -€45,393 | -19.0% |
| Amounts payable within one year | 42/48 | €312,809 | €339,322 | +€26,512 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €44,039 | €45,393 | +€1,354 | +3.1% |
| Financial debts | 43 | €8,826 | €0 | -€8,826 | -100.0% |
| Credit institutions | 430/8 | €8,826 | €0 | -€8,826 | -100.0% |
| Trade debts | 44 | €16,767 | €13,826 | -€2,940 | -17.5% |
| Suppliers | 440/4 | €16,767 | €13,826 | -€2,940 | -17.5% |
| Taxes, remuneration and social security | 45 | €51,084 | €48,876 | -€2,208 | -4.3% |
| Taxes | 450/3 | €34,701 | €37,352 | +€2,651 | +7.6% |
| Remuneration and social security | 454/9 | €16,384 | €11,524 | -€4,860 | -29.7% |
| Other amounts payable | 47/48 | €192,094 | €231,227 | +€39,134 | +20.4% |
| Remuneration, social security and pensions | 62 | €112,167 | €107,698 | -€4,469 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,836 | €45,917 | -€4,920 | -9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,698 | €16,354 | +€3,656 | +28.8% |
| Other operating charges | 640/8 | €5,882 | €7,284 | +€1,402 | +23.8% |
| Gross operating margin | 9900 | €202,567 | €201,448 | -€1,119 | -0.6% |
| Operating profit (loss) | 9901 | €20,984 | €24,195 | +€3,211 | +15.3% |
| Financial income | 75/76B | €9,030 | €8,807 | -€224 | -2.5% |
| Recurring financial income | 75 | €9,030 | €8,807 | -€224 | -2.5% |
| Financial charges | 65/66B | €21,878 | €24,144 | +€2,266 | +10.4% |
| Recurring financial charges | 65 | €21,878 | €24,144 | +€2,266 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €8,136 | €8,858 | +€722 | +8.9% |
| Income taxes | 67/77 | €4,104 | €5,793 | +€1,690 | +41.2% |
| Profit (loss) for the period | 9904 | €4,033 | €3,065 | -€968 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,033 | €3,065 | -€968 | -24.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.