Karolas: 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.
Karolas
Largest movements
- Receivables within one year +€9,430
new in 2025: €9,430
- Cash -€6,024
down €6,024 (-5.9%), from €101,880 to €95,856
mainly Contributions, distributions and other (-€42,306) and Receivables within one year (-€9,430)
- Tangible fixed assets -€1,778
down €1,778 (-35.8%), from €4,969 to €3,191
of which Plant, machinery and equipment: -€1,285
- Deferred charges and accrued income +€1,250
up €1,250 (+26.2%), from €4,778 to €6,028
- Other debts +€3,844
up €3,844 (+4.5%), from €85,577 to €89,421
- Gross operating margin -€2,294
down €2,294 (-3.7%), from €62,315 to €60,020
- Depreciation -€1,074
down €1,074 (-37.6%), from €2,852 to €1,778
- Other operating charges -€646
down €646 (-46.3%), from €1,395 to €749
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 | €111,627 | €114,506 | +€2,878 | +2.6% |
| Fixed assets | 21/28 | €4,969 | €3,191 | -€1,778 | -35.8% |
| Tangible fixed assets | 22/27 | €4,969 | €3,191 | -€1,778 | -35.8% |
| Land and buildings | 22 | €1,941 | €1,661 | -€280 | -14.4% |
| Plant, machinery and equipment | 23 | €2,716 | €1,431 | -€1,285 | -47.3% |
| Furniture and vehicles | 24 | €313 | €100 | -€213 | -68.2% |
| Current assets | 29/58 | €106,658 | €111,314 | +€4,656 | +4.4% |
| Amounts receivable within one year | 40/41 | - | €9,430 | +€9,430 | |
| Trade receivables | 40 | - | €9,430 | +€9,430 | |
| Cash at bank and in hand | 54/58 | €101,880 | €95,856 | -€6,024 | -5.9% |
| Deferred charges and accrued income | 490/1 | €4,778 | €6,028 | +€1,250 | +26.2% |
| Total equity and liabilities | 10/49 | €111,627 | €114,506 | +€2,878 | +2.6% |
| Equity | 10/15 | €18,550 | €18,550 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Amounts payable | 17/49 | €93,077 | €95,956 | +€2,878 | +3.1% |
| Amounts payable within one year | 42/48 | €93,077 | €95,956 | +€2,878 | +3.1% |
| Trade debts | 44 | €354 | €365 | +€11 | +3.2% |
| Suppliers | 440/4 | €354 | €365 | +€11 | +3.2% |
| Taxes, remuneration and social security | 45 | €7,146 | €6,170 | -€976 | -13.7% |
| Taxes | 450/3 | €7,146 | €6,170 | -€976 | -13.7% |
| Other amounts payable | 47/48 | €85,577 | €89,421 | +€3,844 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,852 | €1,778 | -€1,074 | -37.6% |
| Other operating charges | 640/8 | €1,395 | €749 | -€646 | -46.3% |
| Gross operating margin | 9900 | €62,315 | €60,020 | -€2,294 | -3.7% |
| Operating profit (loss) | 9901 | €58,068 | €57,494 | -€574 | -1.0% |
| Financial charges | 65/66B | €143 | €114 | -€29 | -20.2% |
| Recurring financial charges | 65 | €143 | €114 | -€29 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €57,925 | €57,380 | -€546 | -0.9% |
| Income taxes | 67/77 | €15,244 | €15,074 | -€170 | -1.1% |
| Profit (loss) for the period | 9904 | €42,681 | €42,306 | -€375 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,681 | €42,306 | -€375 | -0.9% |
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 28 September 2026 via checked.be.