KARYBEL: 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.
KARYBEL
Largest movements
- Cash +€148,570
up €148,570 (+34.3%), from €432,661 to €581,231
mainly Net result for the year (+€182,243) and Depreciation (+€34,287)
- Current investments +€75,600
up €75,600 (+34.0%), from €222,187 to €297,787
- Receivables within one year -€33,167
down €33,167 (-21.9%), from €151,615 to €118,448
of which Other amounts receivable: -€33,344
- Reserves +€182,243
up €182,243 (+22.8%), from €800,862 to €983,105
of which Distributable reserves: +€121,198
- Gross operating margin -€29,631
down €29,631 (-9.7%), from €305,862 to €276,231
- Taxes -€10,900
down €10,900 (-17.0%), from €64,166 to €53,266
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 | €1,018,572 | €1,206,124 | +€187,551 | +18.4% |
| Fixed assets | 21/28 | €200,860 | €195,476 | -€5,384 | -2.7% |
| Intangible fixed assets | 21 | €16,645 | €9,698 | -€6,947 | -41.7% |
| Tangible fixed assets | 22/27 | €74,216 | €75,778 | +€1,562 | +2.1% |
| Land and buildings | 22 | €52,496 | €43,217 | -€9,279 | -17.7% |
| Plant, machinery and equipment | 23 | €18,324 | €30,659 | +€12,335 | +67.3% |
| Furniture and vehicles | 24 | €3,395 | €1,902 | -€1,493 | -44.0% |
| Financial fixed assets | 28 | €110,000 | €110,000 | = | 0.0% |
| Current assets | 29/58 | €817,712 | €1,010,647 | +€192,935 | +23.6% |
| Stocks and contracts in progress | 3 | €2,698 | €7,689 | +€4,990 | +185% |
| Stocks | 30/36 | €2,698 | €7,689 | +€4,990 | +185% |
| Amounts receivable within one year | 40/41 | €151,615 | €118,448 | -€33,167 | -21.9% |
| Trade receivables | 40 | €66,538 | €66,716 | +€177 | +0.3% |
| Other amounts receivable | 41 | €85,077 | €51,733 | -€33,344 | -39.2% |
| Current investments | 50/53 | €222,187 | €297,787 | +€75,600 | +34.0% |
| Cash at bank and in hand | 54/58 | €432,661 | €581,231 | +€148,570 | +34.3% |
| Deferred charges and accrued income | 490/1 | €8,550 | €5,493 | -€3,058 | -35.8% |
| Total equity and liabilities | 10/49 | €1,018,572 | €1,206,124 | +€187,551 | +18.4% |
| Equity | 10/15 | €819,462 | €1,001,705 | +€182,243 | +22.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €800,862 | €983,105 | +€182,243 | +22.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €126,505 | €187,550 | +€61,045 | +48.3% |
| Distributable reserves | 133 | €674,357 | €795,555 | +€121,198 | +18.0% |
| Amounts payable | 17/49 | €199,110 | €204,418 | +€5,308 | +2.7% |
| Amounts payable within one year | 42/48 | €186,783 | €191,453 | +€4,671 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €13,472 | €20,288 | +€6,816 | +50.6% |
| Suppliers | 440/4 | €13,472 | €20,288 | +€6,816 | +50.6% |
| Taxes, remuneration and social security | 45 | €8,607 | €13,781 | +€5,174 | +60.1% |
| Taxes | 450/3 | €8,607 | €13,781 | +€5,174 | +60.1% |
| Other amounts payable | 47/48 | €164,704 | €157,385 | -€7,320 | -4.4% |
| Accrued charges and deferred income | 492/3 | €12,327 | €12,965 | +€637 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,193 | €34,287 | -€906 | -2.6% |
| Other operating charges | 640/8 | €1,013 | €1,663 | +€650 | +64.2% |
| Gross operating margin | 9900 | €305,862 | €276,231 | -€29,631 | -9.7% |
| Operating profit (loss) | 9901 | €269,656 | €240,280 | -€29,375 | -10.9% |
| Financial income | 75/76B | €10,196 | €7,767 | -€2,429 | -23.8% |
| Recurring financial income | 75 | €10,196 | €7,767 | -€2,429 | -23.8% |
| Financial charges | 65/66B | €12,200 | €12,538 | +€338 | +2.8% |
| Recurring financial charges | 65 | €12,200 | €12,538 | +€338 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €267,652 | €235,509 | -€32,143 | -12.0% |
| Income taxes | 67/77 | €64,166 | €53,266 | -€10,900 | -17.0% |
| Profit (loss) for the period | 9904 | €203,486 | €182,243 | -€21,243 | -10.4% |
| Transfer to tax-exempt reserves | 689 | €126,300 | €61,045 | -€65,255 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,186 | €121,198 | +€44,012 | +57.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.