KARMA RENOV: 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 RENOV
Largest movements
- Cash +€5,109
up €5,109 (+91.3%), from €5,598 to €10,707
- Deferred charges and accrued income -€4,042
no longer reported in 2025 (was €4,042)
- Tangible fixed assets -€2,833
down €2,833 (-89.0%), from €3,182 to €349
- Receivables within one year -€1,328
down €1,328 (-4.4%), from €30,287 to €28,959
of which Trade receivables: -€9,259
- Tax, wage and social debts +€9,789
up €9,789 (+128%), from €7,672 to €17,462
of which Remuneration and social security: +€6,924
- Other debts -€9,778
no longer reported in 2025 (was €9,778)
- Trade debts -€2,932
down €2,932 (-43.2%), from €6,790 to €3,858
- Profit (loss) carried forward -€1,174
down €1,174 (-8.6%), from €13,573 to €12,400
- Advances received +€1,000
new in 2025: €1,000
- Gross operating margin -€61,263
down €61,263 (-98.8%), from €62,034 to €771
- Staff costs -€48,145
no longer reported in 2025 (was €48,145)
- Taxes -€3,734
no longer reported in 2025 (was €3,734)
- Financial charges -€1,018
down €1,018 (-86.8%), from €1,173 to €154
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,313 | €40,220 | -€3,094 | -7.1% |
| Fixed assets | 21/28 | €3,387 | €554 | -€2,833 | -83.6% |
| Tangible fixed assets | 22/27 | €3,182 | €349 | -€2,833 | -89.0% |
| Furniture and vehicles | 24 | €3,182 | €349 | -€2,833 | -89.0% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €39,927 | €39,666 | -€261 | -0.7% |
| Amounts receivable within one year | 40/41 | €30,287 | €28,959 | -€1,328 | -4.4% |
| Trade receivables | 40 | €19,946 | €10,687 | -€9,259 | -46.4% |
| Other amounts receivable | 41 | €10,341 | €18,272 | +€7,931 | +76.7% |
| Cash at bank and in hand | 54/58 | €5,598 | €10,707 | +€5,109 | +91.3% |
| Deferred charges and accrued income | 490/1 | €4,042 | - | -€4,042 | |
| Total equity and liabilities | 10/49 | €43,313 | €40,220 | -€3,094 | -7.1% |
| Equity | 10/15 | €19,073 | €17,900 | -€1,174 | -6.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,573 | €12,400 | -€1,174 | -8.6% |
| Amounts payable | 17/49 | €24,240 | €22,320 | -€1,920 | -7.9% |
| Amounts payable within one year | 42/48 | €24,240 | €22,320 | -€1,920 | -7.9% |
| Trade debts | 44 | €6,790 | €3,858 | -€2,932 | -43.2% |
| Suppliers | 440/4 | €6,790 | €3,858 | -€2,932 | -43.2% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €7,672 | €17,462 | +€9,789 | +128% |
| Taxes | 450/3 | €3,734 | €6,600 | +€2,866 | +76.8% |
| Remuneration and social security | 454/9 | €3,938 | €10,862 | +€6,924 | +176% |
| Other amounts payable | 47/48 | €9,778 | - | -€9,778 | |
| Remuneration, social security and pensions | 62 | €48,145 | - | -€48,145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,031 | €579 | -€453 | -43.9% |
| Other operating charges | 640/8 | €187 | - | -€187 | |
| Gross operating margin | 9900 | €62,034 | €771 | -€61,263 | -98.8% |
| Operating profit (loss) | 9901 | €12,671 | €193 | -€12,478 | -98.5% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €1,173 | €154 | -€1,018 | -86.8% |
| Recurring financial charges | 65 | €1,173 | €154 | -€1,018 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | €11,501 | €38 | -€11,463 | -99.7% |
| Income taxes | 67/77 | €3,734 | - | -€3,734 | |
| Profit (loss) for the period | 9904 | €7,767 | €38 | -€7,729 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,767 | €38 | -€7,729 | -99.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.