KAROLINA: 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.
KAROLINA
Largest movements
- Current investments -€8,374
down €8,374 (-99.1%), from €8,450 to €77
- Tangible fixed assets -€5,246
down €5,246 (-2.1%), from €253,860 to €248,614
of which Land and buildings: -€5,246
- Reserves -€33,530
down €33,530 (-77.0%), from €43,530 to €10,000
of which Tax-exempt reserves: -€33,530
- Profit (loss) carried forward +€25,509
up €25,509 (+14.8%), from €172,533 to €198,042
- Provisions -€11,177
down €11,177 (-100.0%), from €11,177 to €0
- Taxes +€4,877
new in 2025: €4,877
- Financial income -€621
no longer reported in 2025 (was €621)
- Purchases and services +€393
up €393 (+10.1%), from €3,879 to €4,273
- Gross operating margin +€351
up €351 (+14.6%), from -€2,400 to -€2,049
- Financial charges -€212
down €212 (-73.0%), from €291 to €78
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 | €331,217 | €312,920 | -€18,298 | -5.5% |
| Fixed assets | 21/28 | €253,860 | €248,614 | -€5,246 | -2.1% |
| Tangible fixed assets | 22/27 | €253,860 | €248,614 | -€5,246 | -2.1% |
| Land and buildings | 22 | €253,860 | €248,614 | -€5,246 | -2.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €77,357 | €64,306 | -€13,052 | -16.9% |
| Amounts receivable within one year | 40/41 | €66,945 | €63,704 | -€3,241 | -4.8% |
| Other amounts receivable | 41 | €66,945 | €63,704 | -€3,241 | -4.8% |
| Current investments | 50/53 | €8,450 | €77 | -€8,374 | -99.1% |
| Cash at bank and in hand | 54/58 | €1,364 | €525 | -€838 | -61.5% |
| Deferred charges and accrued income | 490/1 | €599 | €0 | -€599 | -100.0% |
| Total equity and liabilities | 10/49 | €331,217 | €312,920 | -€18,298 | -5.5% |
| Equity | 10/15 | €316,064 | €308,042 | -€8,021 | -2.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €43,530 | €10,000 | -€33,530 | -77.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,530 | €0 | -€33,530 | -100.0% |
| Profit (loss) carried forward | 14 | €172,533 | €198,042 | +€25,509 | +14.8% |
| Provisions and deferred taxes | 16 | €11,177 | €0 | -€11,177 | -100.0% |
| Deferred taxes | 168 | €11,177 | €0 | -€11,177 | -100.0% |
| Amounts payable | 17/49 | €3,977 | €4,877 | +€900 | +22.6% |
| Amounts payable within one year | 42/48 | €3,977 | €4,877 | +€900 | +22.6% |
| Trade debts | 44 | €513 | €0 | -€513 | -100.0% |
| Suppliers | 440/4 | €513 | €0 | -€513 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,464 | €4,877 | +€1,413 | +40.8% |
| Taxes | 450/3 | €3,464 | €4,877 | +€1,413 | +40.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €3,879 | €4,273 | +€393 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,246 | €5,246 | = | 0.0% |
| Other operating charges | 640/8 | €3,684 | €3,619 | -€65 | -1.8% |
| Non-recurring operating charges | 66A | - | €3,328 | +€3,328 | |
| Gross operating margin | 9900 | -€2,400 | -€2,049 | +€351 | +14.6% |
| Operating profit (loss) | 9901 | -€11,330 | -€14,242 | -€2,912 | -25.7% |
| Financial income | 75/76B | €621 | - | -€621 | |
| Recurring financial income | 75 | €621 | - | -€621 | |
| Financial charges | 65/66B | €291 | €78 | -€212 | -73.0% |
| Recurring financial charges | 65 | €291 | €78 | -€212 | -73.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,000 | -€14,320 | -€3,321 | -30.2% |
| Transfer from deferred taxes | 780 | - | €11,177 | +€11,177 | |
| Income taxes | 67/77 | - | €4,877 | +€4,877 | |
| Profit (loss) for the period | 9904 | -€11,000 | -€8,021 | +€2,979 | +27.1% |
| Transfer from tax-exempt reserves | 789 | - | €33,530 | +€33,530 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,000 | €25,509 | +€36,509 |
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 30 September 2026 via checked.be.