KARNACA: 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.
KARNACA
Largest movements
- Cash +€32,194
up €32,194 (+303.5%), from €10,606 to €42,799
mainly Net result for the year (+€26,675) and Tax, wage and social debts (+€6,759)
- Receivables within one year +€2,787
up €2,787 (+543.9%), from €512 to €3,300
of which Trade receivables: +€2,868
- Tangible fixed assets -€532
down €532 (-48.8%), from €1,090 to €559
- Reserves +€26,675
up €26,675 (+416.6%), from €6,403 to €33,078
- Tax, wage and social debts +€6,759
up €6,759 (+128.7%), from €5,252 to €12,011
- Trade debts +€1,371
new in 2025: €1,371
- Gross operating margin +€25,502
up €25,502 (+263.9%), from €9,662 to €35,164
- Taxes +€5,171
up €5,171 (+236.5%), from €2,187 to €7,358
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 | €12,655 | €47,460 | +€34,805 | +275.0% |
| Fixed assets | 21/28 | €1,090 | €559 | -€532 | -48.8% |
| Tangible fixed assets | 22/27 | €1,090 | €559 | -€532 | -48.8% |
| Furniture and vehicles | 24 | €1,090 | €559 | -€532 | -48.8% |
| Current assets | 29/58 | €11,565 | €46,902 | +€35,337 | +305.5% |
| Amounts receivable within one year | 40/41 | €512 | €3,300 | +€2,787 | +543.9% |
| Trade receivables | 40 | €13 | €2,881 | +€2,868 | +22076.3% |
| Other amounts receivable | 41 | €499 | €419 | -€80 | -16.1% |
| Cash at bank and in hand | 54/58 | €10,606 | €42,799 | +€32,194 | +303.5% |
| Deferred charges and accrued income | 490/1 | €447 | €802 | +€356 | +79.7% |
| Total equity and liabilities | 10/49 | €12,655 | €47,460 | +€34,805 | +275.0% |
| Equity | 10/15 | €7,403 | €34,078 | +€26,675 | +360.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €6,403 | €33,078 | +€26,675 | +416.6% |
| Distributable reserves | 133 | €6,403 | €33,078 | +€26,675 | +416.6% |
| Amounts payable | 17/49 | €5,252 | €13,382 | +€8,130 | +154.8% |
| Amounts payable within one year | 42/48 | €5,252 | €13,382 | +€8,130 | +154.8% |
| Trade debts | 44 | - | €1,371 | +€1,371 | |
| Suppliers | 440/4 | - | €1,371 | +€1,371 | |
| Taxes, remuneration and social security | 45 | €5,252 | €12,011 | +€6,759 | +128.7% |
| Taxes | 450/3 | €5,252 | €12,011 | +€6,759 | +128.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €505 | €532 | +€27 | +5.4% |
| Other operating charges | 640/8 | €387 | €126 | -€261 | -67.5% |
| Gross operating margin | 9900 | €9,662 | €35,164 | +€25,502 | +263.9% |
| Operating profit (loss) | 9901 | €8,770 | €34,506 | +€25,736 | +293.4% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €180 | €491 | +€311 | +172.2% |
| Recurring financial charges | 65 | €180 | €491 | +€311 | +172.2% |
| Profit (loss) for the period before taxes | 9903 | €8,590 | €34,033 | +€25,443 | +296.2% |
| Income taxes | 67/77 | €2,187 | €7,358 | +€5,171 | +236.5% |
| Profit (loss) for the period | 9904 | €6,403 | €26,675 | +€20,272 | +316.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,403 | €26,675 | +€20,272 | +316.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.