Karno Operations: 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.
Karno Operations
Largest movements
- Cash +€13,081
up €13,081 (+30190.3%), from €43 to €13,125
mainly Other debts (+€15,975)
- Receivables within one year +€316
up €316 (+55.0%), from €575 to €891
- Other debts +€15,975
up €15,975 (+396.9%), from €4,025 to €20,000
- Profit (loss) carried forward -€2,190
down €2,190 (-51.0%), from -€4,294 to -€6,485
- Trade debts -€387
down €387 (-100.0%), from €387 to €0
- Other operating charges +€135
up €135 (+34.8%), from €387 to €522
- Gross operating margin -€82
down €82 (-5.6%), from -€1,453 to -€1,535
- Financial charges +€54
up €54 (+68.5%), from €79 to €134
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 | €618 | €14,015 | +€13,397 | +2167.7% |
| Current assets | 29/58 | €618 | €14,015 | +€13,397 | +2167.7% |
| Amounts receivable within one year | 40/41 | €575 | €891 | +€316 | +55.0% |
| Other amounts receivable | 41 | €575 | €891 | +€316 | +55.0% |
| Cash at bank and in hand | 54/58 | €43 | €13,125 | +€13,081 | +30190.3% |
| Total equity and liabilities | 10/49 | €618 | €14,015 | +€13,397 | +2167.7% |
| Equity | 10/15 | -€4,294 | -€6,485 | -€2,190 | -51.0% |
| Profit (loss) carried forward | 14 | -€4,294 | -€6,485 | -€2,190 | -51.0% |
| Amounts payable | 17/49 | €4,912 | €20,500 | +€15,588 | +317.3% |
| Amounts payable within one year | 42/48 | €4,412 | €20,000 | +€15,588 | +353.3% |
| Trade debts | 44 | €387 | €0 | -€387 | -100.0% |
| Suppliers | 440/4 | €387 | €0 | -€387 | -100.0% |
| Other amounts payable | 47/48 | €4,025 | €20,000 | +€15,975 | +396.9% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €522 | +€135 | +34.8% |
| Gross operating margin | 9900 | -€1,453 | -€1,535 | -€82 | -5.6% |
| Operating profit (loss) | 9901 | -€1,841 | -€2,057 | -€216 | -11.8% |
| Financial charges | 65/66B | €79 | €134 | +€54 | +68.5% |
| Recurring financial charges | 65 | €79 | €134 | +€54 | +68.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,920 | -€2,190 | -€271 | -14.1% |
| Profit (loss) for the period | 9904 | -€1,920 | -€2,190 | -€271 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,920 | -€2,190 | -€271 | -14.1% |
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 2 October 2026 via checked.be.