KARO-ENGINEERING: 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.
KARO-ENGINEERING
Largest movements
- Receivables within one year +€24,985
up €24,985 (+132.5%), from €18,851 to €43,836
of which Trade receivables: +€12,881
- Tangible fixed assets -€7,177
down €7,177 (-19.1%), from €37,481 to €30,304
- Receivables after one year -€6,750
down €6,750 (-12.2%), from €55,464 to €48,714
- Cash -€6,661
down €6,661 (-53.4%), from €12,485 to €5,824
mainly Receivables within one year (-€24,985) and Contributions, distributions and other (-€11,999)
- Profit (loss) carried forward +€16,214
up €16,214 (+418.2%), from €3,877 to €20,091
- Reserves -€12,000
down €12,000 (-16.1%), from €74,500 to €62,500
- Tax, wage and social debts +€5,247
up €5,247 (+114.0%), from €4,604 to €9,851
of which Taxes: +€4,425
- Other debts -€2,500
down €2,500 (-16.1%), from €15,500 to €13,000
- Trade debts -€1,414
down €1,414 (-26.0%), from €5,443 to €4,029
- Gross operating margin -€14,826
down €14,826 (-31.7%), from €46,726 to €31,900
- Taxes -€4,739
down €4,739 (-43.6%), from €10,871 to €6,132
- Staff costs -€3,850
no longer reported in 2024 (was €3,850)
- Other operating charges +€1,713
up €1,713 (+205.4%), from €834 to €2,547
- Financial charges -€1,641
down €1,641 (-48.5%), from €3,383 to €1,742
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,121 | €130,571 | +€5,450 | +4.4% |
| Fixed assets | 21/28 | €37,481 | €30,304 | -€7,177 | -19.1% |
| Tangible fixed assets | 22/27 | €37,481 | €30,304 | -€7,177 | -19.1% |
| Land and buildings | 22 | €10,306 | €7,730 | -€2,576 | -25.0% |
| Furniture and vehicles | 24 | €3,264 | €1,792 | -€1,472 | -45.1% |
| Other tangible fixed assets | 26 | €23,911 | €20,782 | -€3,129 | -13.1% |
| Current assets | 29/58 | €87,640 | €100,267 | +€12,627 | +14.4% |
| Amounts receivable after more than one year | 29 | €55,464 | €48,714 | -€6,750 | -12.2% |
| Other amounts receivable | 291 | €55,464 | €48,714 | -€6,750 | -12.2% |
| Amounts receivable within one year | 40/41 | €18,851 | €43,836 | +€24,985 | +132.5% |
| Trade receivables | 40 | €2,304 | €15,185 | +€12,881 | +559.1% |
| Other amounts receivable | 41 | €16,547 | €28,651 | +€12,104 | +73.1% |
| Cash at bank and in hand | 54/58 | €12,485 | €5,824 | -€6,661 | -53.4% |
| Deferred charges and accrued income | 490/1 | €840 | €1,893 | +€1,053 | +125.4% |
| Total equity and liabilities | 10/49 | €125,121 | €130,571 | +€5,450 | +4.4% |
| Equity | 10/15 | €96,977 | €101,191 | +€4,214 | +4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,500 | €62,500 | -€12,000 | -16.1% |
| Distributable reserves | 133 | €74,500 | €62,500 | -€12,000 | -16.1% |
| Profit (loss) carried forward | 14 | €3,877 | €20,091 | +€16,214 | +418.2% |
| Amounts payable | 17/49 | €28,144 | €29,380 | +€1,236 | +4.4% |
| Amounts payable within one year | 42/48 | €28,144 | €29,380 | +€1,236 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €2,597 | €2,500 | -€97 | -3.7% |
| Trade debts | 44 | €5,443 | €4,029 | -€1,414 | -26.0% |
| Suppliers | 440/4 | €5,443 | €4,029 | -€1,414 | -26.0% |
| Taxes, remuneration and social security | 45 | €4,604 | €9,851 | +€5,247 | +114.0% |
| Taxes | 450/3 | - | €4,425 | +€4,425 | |
| Remuneration and social security | 454/9 | €4,604 | €5,426 | +€822 | +17.9% |
| Other amounts payable | 47/48 | €15,500 | €13,000 | -€2,500 | -16.1% |
| Non-recurring operating income | 76A | €749 | - | -€749 | |
| Remuneration, social security and pensions | 62 | €3,850 | - | -€3,850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,775 | €7,177 | -€598 | -7.7% |
| Other operating charges | 640/8 | €834 | €2,547 | +€1,713 | +205.4% |
| Gross operating margin | 9900 | €46,726 | €31,900 | -€14,826 | -31.7% |
| Operating profit (loss) | 9901 | €34,267 | €22,176 | -€12,091 | -35.3% |
| Financial income | 75/76B | €2,627 | €1,911 | -€716 | -27.3% |
| Recurring financial income | 75 | €2,627 | €1,911 | -€716 | -27.3% |
| Financial charges | 65/66B | €3,383 | €1,742 | -€1,641 | -48.5% |
| Recurring financial charges | 65 | €3,383 | €1,742 | -€1,641 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €33,511 | €22,345 | -€11,166 | -33.3% |
| Income taxes | 67/77 | €10,871 | €6,132 | -€4,739 | -43.6% |
| Profit (loss) for the period | 9904 | €22,640 | €16,213 | -€6,427 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,640 | €16,213 | -€6,427 | -28.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.