Karma Production: 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 Production
Largest movements
- Tangible fixed assets -€97,892
down €97,892 (-14.8%), from €660,901 to €563,009
of which Land and buildings: -€97,752
- Profit (loss) carried forward -€75,152
down €75,152 (-13.8%), from €544,090 to €468,938
- Short-term financial debts -€28,877
no longer reported in 2025 (was €28,877)
- Debts after one year -€23,979
down €23,979 (-7.4%), from €325,405 to €301,426
of which Financial debts: -€23,979
- Trade debts +€16,439
up €16,439 (+426%), from €3,856 to €20,295
- Gross operating margin -€25,310
down €25,310 (-34.1%), from €74,317 to €49,006
- Other operating charges +€5,091
up €5,091 (+530%), from €960 to €6,051
- Depreciation -€2,979
down €2,979 (-3.0%), from €100,872 to €97,892
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 | €1,266,948 | €1,166,505 | -€100,443 | -7.9% |
| Fixed assets | 21/28 | €1,109,089 | €1,011,197 | -€97,892 | -8.8% |
| Tangible fixed assets | 22/27 | €660,901 | €563,009 | -€97,892 | -14.8% |
| Land and buildings | 22 | €660,761 | €563,009 | -€97,752 | -14.8% |
| Furniture and vehicles | 24 | €140 | - | -€140 | |
| Financial fixed assets | 28 | €448,188 | €448,188 | = | 0.0% |
| Current assets | 29/58 | €157,859 | €155,308 | -€2,551 | -1.6% |
| Amounts receivable after more than one year | 29 | €7,500 | €7,500 | = | 0.0% |
| Other amounts receivable | 291 | €7,500 | €7,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €136,878 | €140,872 | +€3,995 | +2.9% |
| Trade receivables | 40 | €128,100 | €139,423 | +€11,323 | +8.8% |
| Other amounts receivable | 41 | €8,778 | €1,450 | -€7,328 | -83.5% |
| Cash at bank and in hand | 54/58 | €13,481 | €6,935 | -€6,545 | -48.6% |
| Total equity and liabilities | 10/49 | €1,266,948 | €1,166,505 | -€100,443 | -7.9% |
| Equity | 10/15 | €875,190 | €800,038 | -€75,152 | -8.6% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €310,100 | €310,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,100 | €2,100 | = | 0.0% |
| Distributable reserves | 133 | €308,000 | €308,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €544,090 | €468,938 | -€75,152 | -13.8% |
| Amounts payable | 17/49 | €391,758 | €366,467 | -€25,291 | -6.5% |
| Amounts payable after more than one year | 17 | €325,405 | €301,426 | -€23,979 | -7.4% |
| Financial debts | 170/4 | €175,405 | €151,426 | -€23,979 | -13.7% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €66,353 | €65,041 | -€1,312 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €23,330 | €23,979 | +€650 | +2.8% |
| Financial debts | 43 | €28,877 | - | -€28,877 | |
| Credit institutions | 430/8 | €28,877 | - | -€28,877 | |
| Trade debts | 44 | €3,856 | €20,295 | +€16,439 | +426% |
| Suppliers | 440/4 | €3,856 | €20,295 | +€16,439 | +426% |
| Taxes, remuneration and social security | 45 | €8,197 | €20,635 | +€12,438 | +152% |
| Taxes | 450/3 | €8,197 | €20,635 | +€12,438 | +152% |
| Other amounts payable | 47/48 | €2,094 | €132 | -€1,962 | -93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,872 | €97,892 | -€2,979 | -3.0% |
| Other operating charges | 640/8 | €960 | €6,051 | +€5,091 | +530% |
| Gross operating margin | 9900 | €74,317 | €49,006 | -€25,310 | -34.1% |
| Operating profit (loss) | 9901 | -€27,515 | -€54,937 | -€27,422 | -99.7% |
| Financial income | 75/76B | €15 | €64 | +€49 | +323% |
| Recurring financial income | 75 | €15 | €64 | +€49 | +323% |
| Financial charges | 65/66B | €12,867 | €12,280 | -€587 | -4.6% |
| Recurring financial charges | 65 | €12,867 | €12,280 | -€587 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€40,367 | -€67,153 | -€26,786 | -66.4% |
| Income taxes | 67/77 | €950 | €856 | -€94 | -9.9% |
| Profit (loss) for the period | 9904 | -€41,317 | -€68,009 | -€26,692 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,317 | -€68,009 | -€26,692 | -64.6% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.