KARNAK: 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.
KARNAK
Largest movements
- Tangible fixed assets -€544
down €544 (-17.3%), from €3,137 to €2,593
of which Furniture and vehicles: -€330
- Profit (loss) carried forward +€1,113
up €1,113 (+6.2%), from €17,866 to €18,979
- Trade debts -€1,029
down €1,029 (-20.1%), from €5,113 to €4,084
- Tax, wage and social debts -€467
down €467 (-15.2%), from €3,074 to €2,607
- Gross operating margin -€5,522
down €5,522 (-55.2%), from €9,997 to €4,475
- Taxes -€1,065
down €1,065 (-59.7%), from €1,784 to €719
- Other operating charges +€822
up €822 (+73.8%), from €1,114 to €1,936
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 | €44,644 | €44,261 | -€383 | -0.9% |
| Fixed assets | 21/28 | €7,599 | €7,055 | -€544 | -7.2% |
| Tangible fixed assets | 22/27 | €3,137 | €2,593 | -€544 | -17.3% |
| Plant, machinery and equipment | 23 | €1,039 | €824 | -€214 | -20.6% |
| Furniture and vehicles | 24 | €2,099 | €1,769 | -€330 | -15.7% |
| Financial fixed assets | 28 | €4,462 | €4,462 | = | 0.0% |
| Current assets | 29/58 | €37,045 | €37,206 | +€161 | +0.4% |
| Stocks and contracts in progress | 3 | €1,588 | €1,428 | -€160 | -10.1% |
| Stocks | 30/36 | €1,588 | €1,428 | -€160 | -10.1% |
| Amounts receivable within one year | 40/41 | €20,302 | €20,589 | +€287 | +1.4% |
| Trade receivables | 40 | €68 | - | -€68 | |
| Other amounts receivable | 41 | €20,234 | €20,589 | +€355 | +1.8% |
| Cash at bank and in hand | 54/58 | €15,155 | €15,189 | +€34 | +0.2% |
| Total equity and liabilities | 10/49 | €44,644 | €44,261 | -€383 | -0.9% |
| Equity | 10/15 | €36,458 | €37,571 | +€1,113 | +3.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,866 | €18,979 | +€1,113 | +6.2% |
| Amounts payable | 17/49 | €8,187 | €6,690 | -€1,496 | -18.3% |
| Amounts payable within one year | 42/48 | €8,187 | €6,690 | -€1,496 | -18.3% |
| Trade debts | 44 | €5,113 | €4,084 | -€1,029 | -20.1% |
| Suppliers | 440/4 | €5,113 | €4,084 | -€1,029 | -20.1% |
| Taxes, remuneration and social security | 45 | €3,074 | €2,607 | -€467 | -15.2% |
| Taxes | 450/3 | €3,074 | €2,607 | -€467 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €544 | €544 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,114 | €1,936 | +€822 | +73.8% |
| Gross operating margin | 9900 | €9,997 | €4,475 | -€5,522 | -55.2% |
| Operating profit (loss) | 9901 | €8,340 | €1,995 | -€6,345 | -76.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €155 | €162 | +€7 | +4.2% |
| Recurring financial charges | 65 | €155 | €162 | +€7 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €8,185 | €1,833 | -€6,352 | -77.6% |
| Income taxes | 67/77 | €1,784 | €719 | -€1,065 | -59.7% |
| Profit (loss) for the period | 9904 | €6,400 | €1,113 | -€5,287 | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,400 | €1,113 | -€5,287 | -82.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.