KARON: 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.
KARON
Largest movements
- Cash +€10,815
up €10,815 (+273.4%), from €3,956 to €14,770
mainly Depreciation (+€9,132) and Other debts (+€4,398)
- Tangible fixed assets -€9,132
down €9,132 (-40.6%), from €22,492 to €13,360
- Receivables within one year -€1,281
down €1,281 (-42.3%), from €3,031 to €1,750
- Other debts +€4,398
new in 2025: €4,398
- Profit (loss) carried forward -€3,853
down €3,853 (-41.0%), from €9,388 to €5,534
- Trade debts -€1,180
down €1,180 (-93.6%), from €1,261 to €81
- Tax, wage and social debts +€1,037
up €1,037 (+194.7%), from €533 to €1,569
of which Remuneration and social security: +€1,037
- Gross operating margin +€14,420
up €14,420 (+488.7%), from €2,950 to €17,370
- Staff costs +€6,279
up €6,279 (+125.9%), from €4,987 to €11,266
- Other operating charges -€174
down €174 (-18.2%), from €954 to €781
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 | €29,773 | €30,175 | +€401 | +1.3% |
| Fixed assets | 21/28 | €22,787 | €13,655 | -€9,132 | -40.1% |
| Tangible fixed assets | 22/27 | €22,492 | €13,360 | -€9,132 | -40.6% |
| Furniture and vehicles | 24 | €22,492 | €13,360 | -€9,132 | -40.6% |
| Financial fixed assets | 28 | €295 | €295 | = | 0.0% |
| Current assets | 29/58 | €6,986 | €16,520 | +€9,534 | +136.5% |
| Amounts receivable within one year | 40/41 | €3,031 | €1,750 | -€1,281 | -42.3% |
| Other amounts receivable | 41 | €3,031 | €1,750 | -€1,281 | -42.3% |
| Cash at bank and in hand | 54/58 | €3,956 | €14,770 | +€10,815 | +273.4% |
| Total equity and liabilities | 10/49 | €29,773 | €30,175 | +€401 | +1.3% |
| Equity | 10/15 | €27,980 | €24,126 | -€3,853 | -13.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,388 | €5,534 | -€3,853 | -41.0% |
| Amounts payable | 17/49 | €1,794 | €6,049 | +€4,255 | +237.2% |
| Amounts payable within one year | 42/48 | €1,794 | €6,049 | +€4,255 | +237.2% |
| Trade debts | 44 | €1,261 | €81 | -€1,180 | -93.6% |
| Suppliers | 440/4 | €1,261 | €81 | -€1,180 | -93.6% |
| Taxes, remuneration and social security | 45 | €533 | €1,569 | +€1,037 | +194.7% |
| Taxes | 450/3 | €301 | €301 | = | 0.0% |
| Remuneration and social security | 454/9 | €232 | €1,269 | +€1,037 | +447.6% |
| Other amounts payable | 47/48 | - | €4,398 | +€4,398 | |
| Remuneration, social security and pensions | 62 | €4,987 | €11,266 | +€6,279 | +125.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,132 | €9,132 | -€0 | 0.0% |
| Other operating charges | 640/8 | €954 | €781 | -€174 | -18.2% |
| Gross operating margin | 9900 | €2,950 | €17,370 | +€14,420 | +488.7% |
| Operating profit (loss) | 9901 | -€12,123 | -€3,808 | +€8,315 | +68.6% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,167 | -€3,853 | +€8,313 | +68.3% |
| Profit (loss) for the period | 9904 | -€12,167 | -€3,853 | +€8,313 | +68.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,167 | -€3,853 | +€8,313 | +68.3% |
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 29 September 2026 via checked.be.