KARO: what changed
What changed
KARO
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€26,397
2024 · €113,753-€87,356
Equity
€271,052
2024 · €244,654+€26,398
Cash
-
not filed
Balance sheet total
€1.2m
2024 · €1.2m-€38,152
Largest movements
Assets
- Tangible fixed assets -€47,829
down €47,829 (-6.0%), from €795,751 to €747,922
Equity and liabilities
- Other debts -€61,388
down €61,388 (-74.6%), from €82,260 to €20,872
- Debts after one year -€48,830
down €48,830 (-8.6%), from €567,556 to €518,726
- Tax, wage and social debts +€37,809
new in 2025: €37,809
- Profit (loss) carried forward +€26,398
up €26,398 (+16.3%), from €162,154 to €188,552
- Short-term financial debts -€21,054
down €21,054 (-26.1%), from €80,789 to €59,735
Income statement
- Write-downs +€115,533
new in 2025: €115,533
- Taxes +€62,472
up €62,472 (+560%), from €11,158 to €73,630
- Gross operating margin +€41,465
up €41,465 (+15.1%), from €275,453 to €316,918
- Financial charges -€31,000
down €31,000 (-53.8%), from €57,602 to €26,602
- Financial income +€14,575
up €14,575 (+3,075%), from €474 to €15,049
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€113,753
Gross operating margin
+€41,465
Depreciation
-€205
Write-downs
-€115,533
Other operating charges
+€3,815
Financial income
+€14,575
Financial charges
+€31,000
Taxes
-€62,472
Result 2025
€26,397
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,195,533 | €1,157,381 | -€38,152 | -3.2% |
| Fixed assets | 21/28 | €795,951 | €748,122 | -€47,829 | -6.0% |
| Tangible fixed assets | 22/27 | €795,751 | €747,922 | -€47,829 | -6.0% |
| Land and buildings | 22 | €666,350 | €644,007 | -€22,343 | -3.4% |
| Plant, machinery and equipment | 23 | €89,431 | €68,881 | -€20,550 | -23.0% |
| Furniture and vehicles | 24 | €17,160 | €9,506 | -€7,654 | -44.6% |
| Leasing and similar rights | 25 | €22,810 | €25,529 | +€2,719 | +11.9% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €399,582 | €409,259 | +€9,677 | +2.4% |
| Stocks and contracts in progress | 3 | €121,548 | €118,048 | -€3,500 | -2.9% |
| Stocks | 30/36 | €121,548 | €118,048 | -€3,500 | -2.9% |
| Amounts receivable within one year | 40/41 | €275,304 | €283,828 | +€8,524 | +3.1% |
| Trade receivables | 40 | €260,457 | €278,358 | +€17,901 | +6.9% |
| Other amounts receivable | 41 | €14,847 | €5,470 | -€9,377 | -63.2% |
| Current investments | 50/53 | €192 | €192 | -€0 | -0.1% |
| Deferred charges and accrued income | 490/1 | €2,538 | €7,190 | +€4,652 | +183% |
| Total equity and liabilities | 10/49 | €1,195,533 | €1,157,381 | -€38,152 | -3.2% |
| Equity | 10/15 | €244,654 | €271,052 | +€26,398 | +10.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,154 | €188,552 | +€26,398 | +16.3% |
| Amounts payable | 17/49 | €950,879 | €886,329 | -€64,550 | -6.8% |
| Amounts payable after more than one year | 17 | €567,556 | €518,726 | -€48,830 | -8.6% |
| Financial debts | 170/4 | €567,556 | €518,726 | -€48,830 | -8.6% |
| Amounts payable within one year | 42/48 | €383,323 | €364,604 | -€18,719 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €85,438 | €78,733 | -€6,705 | -7.8% |
| Financial debts | 43 | €80,789 | €59,735 | -€21,054 | -26.1% |
| Credit institutions | 430/8 | €80,789 | €59,735 | -€21,054 | -26.1% |
| Trade debts | 44 | €134,836 | €153,582 | +€18,746 | +13.9% |
| Suppliers | 440/4 | €134,836 | €153,582 | +€18,746 | +13.9% |
| Advances received on contracts in progress | 46 | - | €13,875 | +€13,875 | |
| Taxes, remuneration and social security | 45 | - | €37,809 | +€37,809 | |
| Taxes | 450/3 | - | €37,809 | +€37,809 | |
| Other amounts payable | 47/48 | €82,260 | €20,872 | -€61,388 | -74.6% |
| Accrued charges and deferred income | 492/3 | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,151 | €84,356 | +€205 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €115,533 | +€115,533 | |
| Other operating charges | 640/8 | €9,263 | €5,448 | -€3,815 | -41.2% |
| Gross operating margin | 9900 | €275,453 | €316,918 | +€41,465 | +15.1% |
| Operating profit (loss) | 9901 | €182,039 | €111,581 | -€70,458 | -38.7% |
| Financial income | 75/76B | €474 | €15,049 | +€14,575 | +3,075% |
| Recurring financial income | 75 | €474 | €15,049 | +€14,575 | +3,075% |
| Financial charges | 65/66B | €57,602 | €26,602 | -€31,000 | -53.8% |
| Recurring financial charges | 65 | €57,602 | €26,602 | -€31,000 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €124,911 | €100,028 | -€24,883 | -19.9% |
| Income taxes | 67/77 | €11,158 | €73,630 | +€62,472 | +560% |
| Profit (loss) for the period | 9904 | €113,753 | €26,397 | -€87,356 | -76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €113,753 | €26,397 | -€87,356 | -76.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.