KARO-CONSULTING: 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.
KARO-CONSULTING
Largest movements
- Cash -€8,521
down €8,521 (-77.2%), from €11,043 to €2,521
mainly Receivables within one year (-€5,335) and Debts after one year (-€5,000)
- Tangible fixed assets -€7,753
down €7,753 (-12.0%), from €64,432 to €56,679
of which Land and buildings: -€5,752
- Receivables within one year +€5,335
up €5,335 (+166%), from €3,218 to €8,553
of which Trade receivables: +€8,553
- Stocks and contracts +€2,636
up €2,636 (+27.1%), from €9,739 to €12,375
- Debts after one year -€5,000
down €5,000 (-9.6%), from €52,083 to €47,083
- Profit (loss) carried forward -€4,544
down €4,544 (-338%), from -€1,346 to -€5,890
- Trade debts +€2,267
up €2,267 (+165%), from €1,372 to €3,638
- Tax, wage and social debts -€2,045
down €2,045 (-37.8%), from €5,412 to €3,367
- Other debts +€1,019
new in 2025: €1,019
- Gross operating margin -€8,614
down €8,614 (-51.8%), from €16,640 to €8,026
- Taxes -€1,567
down €1,567 (-91.1%), from €1,720 to €153
- Write-downs +€1,178
no longer reported in 2025 (was -€1,178)
- Depreciation +€556
up €556 (+6.2%), from €8,997 to €9,553
- Other operating charges -€219
down €219 (-14.4%), from €1,522 to €1,303
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.
Derived cash bridge
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 | €88,981 | €80,678 | -€8,303 | -9.3% |
| Fixed assets | 21/28 | €64,981 | €57,228 | -€7,753 | -11.9% |
| Tangible fixed assets | 22/27 | €64,432 | €56,679 | -€7,753 | -12.0% |
| Land and buildings | 22 | €58,628 | €52,877 | -€5,752 | -9.8% |
| Furniture and vehicles | 24 | €5,803 | €3,802 | -€2,001 | -34.5% |
| Financial fixed assets | 28 | €549 | €549 | = | 0.0% |
| Current assets | 29/58 | €24,000 | €23,450 | -€550 | -2.3% |
| Stocks and contracts in progress | 3 | €9,739 | €12,375 | +€2,636 | +27.1% |
| Stocks | 30/36 | €9,739 | €12,375 | +€2,636 | +27.1% |
| Amounts receivable within one year | 40/41 | €3,218 | €8,553 | +€5,335 | +166% |
| Trade receivables | 40 | - | €8,553 | +€8,553 | |
| Other amounts receivable | 41 | €3,218 | - | -€3,218 | |
| Cash at bank and in hand | 54/58 | €11,043 | €2,521 | -€8,521 | -77.2% |
| Total equity and liabilities | 10/49 | €88,981 | €80,678 | -€8,303 | -9.3% |
| Equity | 10/15 | €25,114 | €20,570 | -€4,544 | -18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,860 | €7,860 | = | 0.0% |
| Distributable reserves | 133 | €7,860 | €7,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,346 | -€5,890 | -€4,544 | -338% |
| Amounts payable | 17/49 | €63,867 | €60,108 | -€3,759 | -5.9% |
| Amounts payable after more than one year | 17 | €52,083 | €47,083 | -€5,000 | -9.6% |
| Financial debts | 170/4 | €52,083 | €47,083 | -€5,000 | -9.6% |
| Amounts payable within one year | 42/48 | €11,784 | €13,025 | +€1,241 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €1,372 | €3,638 | +€2,267 | +165% |
| Suppliers | 440/4 | €1,372 | €3,638 | +€2,267 | +165% |
| Taxes, remuneration and social security | 45 | €5,412 | €3,367 | -€2,045 | -37.8% |
| Taxes | 450/3 | €5,412 | €3,367 | -€2,045 | -37.8% |
| Other amounts payable | 47/48 | - | €1,019 | +€1,019 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,997 | €9,553 | +€556 | +6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,178 | - | +€1,178 | |
| Other operating charges | 640/8 | €1,522 | €1,303 | -€219 | -14.4% |
| Gross operating margin | 9900 | €16,640 | €8,026 | -€8,614 | -51.8% |
| Operating profit (loss) | 9901 | €7,299 | -€2,830 | -€10,129 | |
| Financial income | 75/76B | €3 | €5 | +€2 | +53.7% |
| Recurring financial income | 75 | €3 | €5 | +€2 | +53.7% |
| Financial charges | 65/66B | €1,558 | €1,566 | +€8 | +0.5% |
| Recurring financial charges | 65 | €1,558 | €1,566 | +€8 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €5,744 | -€4,391 | -€10,135 | |
| Income taxes | 67/77 | €1,720 | €153 | -€1,567 | -91.1% |
| Profit (loss) for the period | 9904 | €4,024 | -€4,544 | -€8,568 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,024 | -€4,544 | -€8,568 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.