KARUNA: 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.
KARUNA
Largest movements
- Receivables within one year -€13,409
down €13,409 (-10.6%), from €127,089 to €113,680
of which Trade receivables: -€15,300
- Tax, wage and social debts -€15,693
down €15,693 (-47.4%), from €33,138 to €17,445
of which Taxes: -€13,693
- Current portion of long-term debt -€2,101
no longer reported in 2025 (was €2,101)
- Gross operating margin -€47,483
down €47,483 (-94.7%), from €50,164 to €2,681
- Taxes -€16,085
down €16,085 (-97.2%), from €16,543 to €459
- Financial charges -€1,230
down €1,230 (-61.4%), from €2,002 to €772
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 | €138,309 | €123,853 | -€14,456 | -10.5% |
| Fixed assets | 21/28 | €2,500 | €2,500 | = | 0.0% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €135,809 | €121,353 | -€14,456 | -10.6% |
| Amounts receivable within one year | 40/41 | €127,089 | €113,680 | -€13,409 | -10.6% |
| Trade receivables | 40 | €36,300 | €21,000 | -€15,300 | -42.1% |
| Other amounts receivable | 41 | €90,789 | €92,680 | +€1,891 | +2.1% |
| Cash at bank and in hand | 54/58 | €8,720 | €7,673 | -€1,047 | -12.0% |
| Total equity and liabilities | 10/49 | €138,309 | €123,853 | -€14,456 | -10.5% |
| Equity | 10/15 | €89,083 | €90,177 | +€1,095 | +1.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €76,683 | €77,777 | +€1,095 | +1.4% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €74,828 | €75,922 | +€1,095 | +1.5% |
| Amounts payable | 17/49 | €49,226 | €33,676 | -€15,551 | -31.6% |
| Amounts payable within one year | 42/48 | €49,226 | €32,898 | -€16,328 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €2,101 | - | -€2,101 | |
| Trade debts | 44 | €904 | €1,324 | +€420 | +46.4% |
| Suppliers | 440/4 | €904 | €1,324 | +€420 | +46.4% |
| Taxes, remuneration and social security | 45 | €33,138 | €17,445 | -€15,693 | -47.4% |
| Taxes | 450/3 | €31,138 | €17,445 | -€13,693 | -44.0% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €13,082 | €14,129 | +€1,047 | +8.0% |
| Accrued charges and deferred income | 492/3 | - | €778 | +€778 | |
| Other operating charges | 640/8 | €340 | €355 | +€15 | +4.5% |
| Gross operating margin | 9900 | €50,164 | €2,681 | -€47,483 | -94.7% |
| Operating profit (loss) | 9901 | €49,825 | €2,326 | -€47,499 | -95.3% |
| Financial charges | 65/66B | €2,002 | €772 | -€1,230 | -61.4% |
| Recurring financial charges | 65 | €2,002 | €772 | -€1,230 | -61.4% |
| Profit (loss) for the period before taxes | 9903 | €47,823 | €1,554 | -€46,269 | -96.8% |
| Income taxes | 67/77 | €16,543 | €459 | -€16,085 | -97.2% |
| Profit (loss) for the period | 9904 | €31,279 | €1,095 | -€30,184 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,279 | €1,095 | -€30,184 | -96.5% |
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 5 October 2026 via checked.be.