KAROS: what changed
Two financial 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.
KAROS
Largest movements
- Tangible fixed assets -€121,500
down €121,500 (-3.6%), from €3.4m to €3.2m
- Cash +€85,199
up €85,199 (+1,616%), from €5,272 to €90,471
mainly Net result for the year (+€208,935) and Depreciation (+€121,500)
- Deferred charges and accrued income -€54,584
down €54,584 (-96.8%), from €56,402 to €1,818
- Receivables within one year +€44,379
up €44,379 (+18.5%), from €239,905 to €284,284
of which Other amounts receivable: +€44,379
- Revaluation surpluses -€121,500
down €121,500 (-4.3%), from €2.8m to €2.7m
- Reserves +€121,500
up €121,500 (+9.8%), from €1.2m to €1.4m
of which Distributable reserves: +€121,500
- Tax, wage and social debts -€49,810
down €49,810 (-67.3%), from €73,973 to €24,163
- Gross operating margin -€35,369
down €35,369 (-7.0%), from €502,514 to €467,144
- Other operating charges +€26,063
up €26,063 (+1,203%), from €2,167 to €28,230
- Taxes -€14,018
down €14,018 (-11.3%), from €124,163 to €110,145
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.
Derived cash bridge
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 | €3,673,079 | €3,626,572 | -€46,506 | -1.3% |
| Fixed assets | 21/28 | €3,371,499 | €3,249,999 | -€121,500 | -3.6% |
| Tangible fixed assets | 22/27 | €3,371,499 | €3,249,999 | -€121,500 | -3.6% |
| Land and buildings | 22 | €3,371,499 | €3,249,999 | -€121,500 | -3.6% |
| Current assets | 29/58 | €301,579 | €376,573 | +€74,994 | +24.9% |
| Amounts receivable within one year | 40/41 | €239,905 | €284,284 | +€44,379 | +18.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €239,905 | €284,284 | +€44,379 | +18.5% |
| Cash at bank and in hand | 54/58 | €5,272 | €90,471 | +€85,199 | +1,616% |
| Deferred charges and accrued income | 490/1 | €56,402 | €1,818 | -€54,584 | -96.8% |
| Total equity and liabilities | 10/49 | €3,673,079 | €3,626,572 | -€46,506 | -1.3% |
| Equity | 10/15 | €3,352,886 | €3,352,992 | +€105 | 0.0% |
| Contributions | 10/11 | €230,541 | €230,541 | = | 0.0% |
| Capital | 10 | €230,541 | €230,541 | = | 0.0% |
| Issued capital | 100 | €230,541 | €230,541 | = | 0.0% |
| Revaluation surpluses | 12 | €2,835,000 | €2,713,500 | -€121,500 | -4.3% |
| Reserves | 13 | €1,238,054 | €1,359,554 | +€121,500 | +9.8% |
| Non-distributable reserves | 130/1 | €23,054 | €23,054 | = | 0.0% |
| Legal reserve | 130 | €23,054 | €23,054 | = | 0.0% |
| Distributable reserves | 133 | €1,215,000 | €1,336,500 | +€121,500 | +10.0% |
| Profit (loss) carried forward | 14 | -€950,709 | -€950,604 | +€105 | 0.0% |
| Amounts payable | 17/49 | €320,192 | €273,581 | -€46,612 | -14.6% |
| Amounts payable within one year | 42/48 | €279,735 | €233,361 | -€46,374 | -16.6% |
| Trade debts | 44 | €857 | €369 | -€488 | -56.9% |
| Suppliers | 440/4 | €857 | €369 | -€488 | -56.9% |
| Taxes, remuneration and social security | 45 | €73,973 | €24,163 | -€49,810 | -67.3% |
| Taxes | 450/3 | €73,973 | €24,163 | -€49,810 | -67.3% |
| Other amounts payable | 47/48 | €204,906 | €208,829 | +€3,923 | +1.9% |
| Accrued charges and deferred income | 492/3 | €40,457 | €40,219 | -€238 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,133 | €121,500 | -€2,633 | -2.1% |
| Other operating charges | 640/8 | €2,167 | €28,230 | +€26,063 | +1,203% |
| Gross operating margin | 9900 | €502,514 | €467,144 | -€35,369 | -7.0% |
| Operating profit (loss) | 9901 | €376,215 | €317,415 | -€58,800 | -15.6% |
| Financial income | 75/76B | €600 | €1,818 | +€1,218 | +203% |
| Recurring financial income | 75 | €600 | €1,818 | +€1,218 | +203% |
| Financial charges | 65/66B | €1,663 | €153 | -€1,510 | -90.8% |
| Recurring financial charges | 65 | €1,663 | €153 | -€1,510 | -90.8% |
| Profit (loss) for the period before taxes | 9903 | €375,151 | €319,080 | -€56,072 | -14.9% |
| Income taxes | 67/77 | €124,163 | €110,145 | -€14,018 | -11.3% |
| Profit (loss) for the period | 9904 | €250,988 | €208,935 | -€42,054 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €250,988 | €208,935 | -€42,054 | -16.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.