KAROJA: what changed
What changed
KAROJA
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
-€71,837
2024 · €45,878-€117,715
Equity
€318,633
2024 · €390,471-€71,837
Cash
€83,565
2024 · €112,077-€28,513
Balance sheet total
€754,672
2024 · €860,073-€105,401
Largest movements
Assets
- Formation expenses -€69,205
down €69,205 (-100%), from €69,205 to €0
- Cash -€28,513
down €28,513 (-25.4%), from €112,077 to €83,565
mainly Net result for the year (-€71,837) and Debts after one year (-€43,535)
- Tangible fixed assets -€23,186
down €23,186 (-4.3%), from €541,722 to €518,536
of which Land and buildings: -€18,998
- Deferred charges and accrued income +€20,714
up €20,714 (+324%), from €6,393 to €27,107
Equity and liabilities
- Reserves -€71,837
down €71,837 (-20.3%), from €353,771 to €281,933
- Debts after one year -€43,535
down €43,535 (-15.4%), from €282,906 to €239,371
- Trade debts +€24,057
up €24,057 (+32.4%), from €74,176 to €98,233
Income statement
- Staff costs +€65,304
up €65,304 (+11.1%), from €588,929 to €654,233
- Gross operating margin -€32,637
down €32,637 (-4.1%), from €796,273 to €763,636
- Financial charges +€13,420
up €13,420 (+48.3%), from €27,782 to €41,201
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
€45,878
Gross operating margin
-€32,637
Staff costs
-€65,304
Depreciation
-€7,372
Write-downs
+€1,092
Other operating charges
-€1,269
Financial income
+€2
Financial charges
-€13,420
Taxes
+€1,192
Result 2025
-€71,837
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€57,878
Investment
-€42,135
Financing
-€44,256
Cash 2024
€112,077
From operations (derived)
+€57,878
Net result for the year
-€71,837
Depreciation
+€133,607
Receivables after one year
-€193
Stocks and contracts
+€1,316
Receivables within one year
+€5,008
Deferred charges and accrued income
-€20,714
Trade debts
+€24,057
Tax, wage and social debts
-€4,384
Other debts
-€639
Accrued charges and deferred income
-€8,341
Investment (derived)
-€42,135
Investment in fixed assets (net)
-€42,135
Financing
-€44,256
Debts after one year
-€43,535
Current portion of long-term debt
-€720
Cash 2025
€83,565
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €860,073 | €754,672 | -€105,401 | -12.3% |
| Formation expenses | 20 | €69,205 | €0 | -€69,205 | -100% |
| Fixed assets | 21/28 | €541,827 | €519,561 | -€22,266 | -4.1% |
| Tangible fixed assets | 22/27 | €541,722 | €518,536 | -€23,186 | -4.3% |
| Land and buildings | 22 | €475,259 | €456,261 | -€18,998 | -4.0% |
| Plant, machinery and equipment | 23 | €55,776 | €49,077 | -€6,699 | -12.0% |
| Furniture and vehicles | 24 | €10,688 | €13,198 | +€2,511 | +23.5% |
| Financial fixed assets | 28 | €105 | €1,025 | +€920 | +876% |
| Current assets | 29/58 | €249,040 | €235,111 | -€13,929 | -5.6% |
| Amounts receivable after more than one year | 29 | €15,473 | €15,667 | +€193 | +1.3% |
| Other amounts receivable | 291 | €15,473 | €15,667 | +€193 | +1.3% |
| Stocks and contracts in progress | 3 | €19,696 | €18,380 | -€1,316 | -6.7% |
| Stocks | 30/36 | €19,696 | €18,380 | -€1,316 | -6.7% |
| Amounts receivable within one year | 40/41 | €95,400 | €90,392 | -€5,008 | -5.2% |
| Trade receivables | 40 | €16,788 | €10,112 | -€6,677 | -39.8% |
| Other amounts receivable | 41 | €78,612 | €80,281 | +€1,669 | +2.1% |
| Cash at bank and in hand | 54/58 | €112,077 | €83,565 | -€28,513 | -25.4% |
| Deferred charges and accrued income | 490/1 | €6,393 | €27,107 | +€20,714 | +324% |
| Total equity and liabilities | 10/49 | €860,073 | €754,672 | -€105,401 | -12.3% |
| Equity | 10/15 | €390,471 | €318,633 | -€71,837 | -18.4% |
| Contributions | 10/11 | €36,700 | €36,700 | = | 0.0% |
| Reserves | 13 | €353,771 | €281,933 | -€71,837 | -20.3% |
| Distributable reserves | 133 | €353,771 | €281,933 | -€71,837 | -20.3% |
| Amounts payable | 17/49 | €469,602 | €436,039 | -€33,564 | -7.1% |
| Amounts payable after more than one year | 17 | €282,906 | €239,371 | -€43,535 | -15.4% |
| Financial debts | 170/4 | €282,906 | €239,371 | -€43,535 | -15.4% |
| Amounts payable within one year | 42/48 | €175,064 | €193,377 | +€18,313 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €44,256 | €43,535 | -€720 | -1.6% |
| Trade debts | 44 | €74,176 | €98,233 | +€24,057 | +32.4% |
| Suppliers | 440/4 | €74,176 | €98,233 | +€24,057 | +32.4% |
| Taxes, remuneration and social security | 45 | €53,865 | €49,481 | -€4,384 | -8.1% |
| Taxes | 450/3 | €921 | - | -€921 | |
| Remuneration and social security | 454/9 | €52,944 | €49,481 | -€3,463 | -6.5% |
| Other amounts payable | 47/48 | €2,767 | €2,128 | -€639 | -23.1% |
| Accrued charges and deferred income | 492/3 | €11,632 | €3,290 | -€8,341 | -71.7% |
| Remuneration, social security and pensions | 62 | €588,929 | €654,233 | +€65,304 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,235 | €133,607 | +€7,372 | +5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,092 | -€1,092 | |
| Other operating charges | 640/8 | €6,185 | €7,454 | +€1,269 | +20.5% |
| Gross operating margin | 9900 | €796,273 | €763,636 | -€32,637 | -4.1% |
| Operating profit (loss) | 9901 | €74,924 | -€30,565 | -€105,490 | |
| Financial income | 75/76B | €191 | €193 | +€2 | +1.3% |
| Recurring financial income | 75 | €191 | €193 | +€2 | +1.3% |
| Financial charges | 65/66B | €27,782 | €41,201 | +€13,420 | +48.3% |
| Recurring financial charges | 65 | €27,782 | €41,201 | +€13,420 | +48.3% |
| Profit (loss) for the period before taxes | 9903 | €47,334 | -€71,573 | -€118,907 | |
| Income taxes | 67/77 | €1,456 | €264 | -€1,192 | -81.9% |
| Profit (loss) for the period | 9904 | €45,878 | -€71,837 | -€117,715 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,878 | -€71,837 | -€117,715 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.