KAROT: 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.
KAROT
Largest movements
- Receivables within one year +€19,544
up €19,544 (+354.1%), from €5,519 to €25,062
- Cash -€5,449
down €5,449 (-51.8%), from €10,517 to €5,068
mainly Receivables within one year (-€19,544) and Other debts (-€6,360)
- Trade debts +€22,689
up €22,689 (+717.6%), from €3,162 to €25,851
- Other debts -€6,360
down €6,360 (-83.3%), from €7,636 to €1,276
- Tax, wage and social debts -€1,883
down €1,883 (-76.8%), from €2,450 to €567
of which Remuneration and social security: -€2,450
- Profit (loss) carried forward -€324
down €324 (-7.8%), from -€4,171 to -€4,495
- Gross operating margin -€5,124
down €5,124 (-64.0%), from €8,001 to €2,877
- Depreciation -€4,821
down €4,821 (-83.6%), from €5,766 to €945
- Taxes +€567
new in 2025: €567
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 | €18,415 | €32,325 | +€13,911 | +75.5% |
| Fixed assets | 21/28 | €1,956 | €1,926 | -€30 | -1.5% |
| Tangible fixed assets | 22/27 | €1,956 | €1,926 | -€30 | -1.5% |
| Land and buildings | 22 | - | €834 | +€834 | |
| Plant, machinery and equipment | 23 | €1,956 | €1,092 | -€864 | -44.2% |
| Current assets | 29/58 | €16,459 | €30,399 | +€13,941 | +84.7% |
| Amounts receivable within one year | 40/41 | €5,519 | €25,062 | +€19,544 | +354.1% |
| Trade receivables | 40 | €5,519 | €25,062 | +€19,544 | +354.1% |
| Cash at bank and in hand | 54/58 | €10,517 | €5,068 | -€5,449 | -51.8% |
| Deferred charges and accrued income | 490/1 | €424 | €269 | -€154 | -36.4% |
| Total equity and liabilities | 10/49 | €18,415 | €32,325 | +€13,911 | +75.5% |
| Equity | 10/15 | €829 | €505 | -€324 | -39.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,171 | -€4,495 | -€324 | -7.8% |
| Amounts payable | 17/49 | €17,585 | €31,820 | +€14,235 | +80.9% |
| Amounts payable within one year | 42/48 | €13,248 | €27,693 | +€14,446 | +109.0% |
| Trade debts | 44 | €3,162 | €25,851 | +€22,689 | +717.6% |
| Suppliers | 440/4 | €3,162 | €25,851 | +€22,689 | +717.6% |
| Taxes, remuneration and social security | 45 | €2,450 | €567 | -€1,883 | -76.8% |
| Taxes | 450/3 | - | €567 | +€567 | |
| Remuneration and social security | 454/9 | €2,450 | - | -€2,450 | |
| Other amounts payable | 47/48 | €7,636 | €1,276 | -€6,360 | -83.3% |
| Accrued charges and deferred income | 492/3 | €4,337 | €4,127 | -€211 | -4.9% |
| Remuneration, social security and pensions | 62 | - | €33 | +€33 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,766 | €945 | -€4,821 | -83.6% |
| Other operating charges | 640/8 | €662 | €684 | +€21 | +3.2% |
| Gross operating margin | 9900 | €8,001 | €2,877 | -€5,124 | -64.0% |
| Operating profit (loss) | 9901 | €1,573 | €1,216 | -€357 | -22.7% |
| Financial income | 75/76B | €2 | €1 | -€0 | -13.8% |
| Recurring financial income | 75 | €2 | €1 | -€0 | -13.8% |
| Financial charges | 65/66B | €1,038 | €974 | -€63 | -6.1% |
| Recurring financial charges | 65 | €1,038 | €974 | -€63 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €537 | €243 | -€294 | -54.7% |
| Income taxes | 67/77 | - | €567 | +€567 | |
| Profit (loss) for the period | 9904 | €537 | -€324 | -€861 | |
| Profit (loss) for the period to be appropriated | 9905 | €537 | -€324 | -€861 |
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 10 October 2026 via checked.be.