KARMA INVEST: what changed
What changed
KARMA INVEST
filed annual accounts (NBB)
Net result for the year
€540
2024 · €564-€24
Equity
-€160,193
2024 · -€160,733+€540
Cash
€4,082
2024 · €4,286-€204
Balance sheet total
€522,932
2024 · €538,942-€16,011
Largest movements
Assets
- Tangible fixed assets -€13,500
down €13,500 (-2.6%), from €526,500 to €513,000
of which Land and buildings: -€13,500
Equity and liabilities
- Current portion of long-term debt -€22,856
no longer reported in 2025 (was €22,856)
- Other debts +€5,900
up €5,900 (+2.8%), from €211,139 to €217,039
Income statement
- Purchases and services -€6,040
no longer reported in 2025 (was €6,040)
- Financial charges +€4,522
up €4,522 (+28.6%), from €15,809 to €20,331
- Gross operating margin +€4,447
up €4,447 (+12.8%), from €34,760 to €39,207
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€564
Gross operating margin
+€4,447
Other operating charges
+€41
Financial income
+€0
Financial charges
-€4,522
Taxes
+€10
Result 2025
€540
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€22,652
Investment
€0
Financing
-€22,856
Cash 2024
€4,286
From operations (derived)
+€22,652
Net result for the year
+€540
Depreciation
+€13,500
Deferred charges and accrued income
+€2,306
Trade debts
+€525
Tax, wage and social debts
-€10
Other debts
+€5,900
Accrued charges and deferred income
-€110
Financing
-€22,856
Current portion of long-term debt
-€22,856
Cash 2025
€4,082
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €538,942 | €522,932 | -€16,011 | -3.0% |
| Fixed assets | 21/28 | €526,500 | €513,000 | -€13,500 | -2.6% |
| Tangible fixed assets | 22/27 | €526,500 | €513,000 | -€13,500 | -2.6% |
| Land and buildings | 22 | €526,500 | €513,000 | -€13,500 | -2.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €12,442 | €9,932 | -€2,511 | -20.2% |
| Amounts receivable within one year | 40/41 | €5,850 | €5,850 | = | 0.0% |
| Trade receivables | 40 | €5,850 | €5,850 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,286 | €4,082 | -€204 | -4.8% |
| Deferred charges and accrued income | 490/1 | €2,306 | - | -€2,306 | |
| Total equity and liabilities | 10/49 | €538,942 | €522,932 | -€16,011 | -3.0% |
| Equity | 10/15 | -€160,733 | -€160,193 | +€540 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€179,333 | -€178,793 | +€540 | +0.3% |
| Amounts payable | 17/49 | €699,675 | €683,124 | -€16,550 | -2.4% |
| Amounts payable after more than one year | 17 | €439,083 | €439,083 | = | 0.0% |
| Financial debts | 170/4 | €439,083 | €439,083 | = | 0.0% |
| Amounts payable within one year | 42/48 | €260,482 | €244,041 | -€16,441 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €22,856 | - | -€22,856 | |
| Trade debts | 44 | €26,276 | €26,802 | +€525 | +2.0% |
| Suppliers | 440/4 | €26,276 | €26,802 | +€525 | +2.0% |
| Taxes, remuneration and social security | 45 | €210 | €200 | -€10 | -4.8% |
| Taxes | 450/3 | €210 | €200 | -€10 | -4.8% |
| Other amounts payable | 47/48 | €211,139 | €217,039 | +€5,900 | +2.8% |
| Accrued charges and deferred income | 492/3 | €110 | - | -€110 | |
| Goods, raw materials, services and sundry goods | 60/61 | €6,040 | - | -€6,040 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,500 | €13,500 | = | 0.0% |
| Other operating charges | 640/8 | €4,676 | €4,635 | -€41 | -0.9% |
| Gross operating margin | 9900 | €34,760 | €39,207 | +€4,447 | +12.8% |
| Operating profit (loss) | 9901 | €16,584 | €21,072 | +€4,488 | +27.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +33.3% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +33.3% |
| Financial charges | 65/66B | €15,809 | €20,331 | +€4,522 | +28.6% |
| Recurring financial charges | 65 | €15,809 | €20,331 | +€4,522 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €775 | €741 | -€34 | -4.4% |
| Income taxes | 67/77 | €211 | €201 | -€10 | -4.6% |
| Profit (loss) for the period | 9904 | €564 | €540 | -€24 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €564 | €540 | -€24 | -4.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.