KARYO: 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.
KARYO
Largest movements
- Receivables within one year +€91,398
up €91,398 (+101%), from €90,754 to €182,152
of which Trade receivables: +€81,303
- Tangible fixed assets +€64,546
up €64,546 (+16.1%), from €399,804 to €464,350
of which Furniture and vehicles: +€85,111
- Cash +€20,489
up €20,489 (+151%), from €13,531 to €34,020
mainly Trade debts (+€110,552) and Provisions (+€25,000)
- Stocks and contracts -€12,133
no longer reported in 2025 (was €12,133)
- Trade debts +€110,552
up €110,552 (+278%), from €39,793 to €150,345
- Provisions +€25,000
new in 2025: €25,000
- Profit (loss) carried forward +€14,460
up €14,460 (+13.6%), from €106,326 to €120,786
- Current portion of long-term debt +€10,682
up €10,682 (+37.7%), from €28,342 to €39,025
- Debts after one year +€8,697
up €8,697 (+2.8%), from €309,065 to €317,762
- Staff costs -€24,078
no longer reported in 2025 (was €24,078)
- Gross operating margin +€13,157
up €13,157 (+19.5%), from €67,350 to €80,507
- Depreciation +€2,974
up €2,974 (+14.5%), from €20,564 to €23,538
- Financial charges +€2,165
up €2,165 (+32.4%), from €6,681 to €8,846
- Taxes +€1,971
up €1,971 (+52.8%), from €3,736 to €5,707
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 | €516,584 | €680,885 | +€164,301 | +31.8% |
| Fixed assets | 21/28 | €400,166 | €464,712 | +€64,546 | +16.1% |
| Tangible fixed assets | 22/27 | €399,804 | €464,350 | +€64,546 | +16.1% |
| Land and buildings | 22 | €393,676 | €379,239 | -€14,437 | -3.7% |
| Furniture and vehicles | 24 | - | €85,111 | +€85,111 | |
| Leasing and similar rights | 25 | €6,128 | - | -€6,128 | |
| Financial fixed assets | 28 | €362 | €362 | = | 0.0% |
| Current assets | 29/58 | €116,418 | €216,172 | +€99,755 | +85.7% |
| Stocks and contracts in progress | 3 | €12,133 | - | -€12,133 | |
| Contracts in progress | 37 | €12,133 | - | -€12,133 | |
| Amounts receivable within one year | 40/41 | €90,754 | €182,152 | +€91,398 | +101% |
| Trade receivables | 40 | €66,224 | €147,527 | +€81,303 | +123% |
| Other amounts receivable | 41 | €24,530 | €34,625 | +€10,095 | +41.2% |
| Cash at bank and in hand | 54/58 | €13,531 | €34,020 | +€20,489 | +151% |
| Total equity and liabilities | 10/49 | €516,584 | €680,885 | +€164,301 | +31.8% |
| Equity | 10/15 | €126,786 | €141,246 | +€14,460 | +11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,326 | €120,786 | +€14,460 | +13.6% |
| Provisions and deferred taxes | 16 | - | €25,000 | +€25,000 | |
| Provisions for liabilities and charges | 160/5 | - | €25,000 | +€25,000 | |
| Other liabilities and charges | 164/5 | - | €25,000 | +€25,000 | |
| Amounts payable | 17/49 | €389,798 | €514,639 | +€124,841 | +32.0% |
| Amounts payable after more than one year | 17 | €309,065 | €317,762 | +€8,697 | +2.8% |
| Financial debts | 170/4 | €309,065 | €317,762 | +€8,697 | +2.8% |
| Amounts payable within one year | 42/48 | €77,029 | €196,877 | +€119,848 | +156% |
| Current portion of amounts payable after more than one year | 42 | €28,342 | €39,025 | +€10,682 | +37.7% |
| Trade debts | 44 | €39,793 | €150,345 | +€110,552 | +278% |
| Suppliers | 440/4 | €39,793 | €150,345 | +€110,552 | +278% |
| Taxes, remuneration and social security | 45 | €8,894 | €7,507 | -€1,387 | -15.6% |
| Taxes | 450/3 | €5,284 | €5,707 | +€423 | +8.0% |
| Remuneration and social security | 454/9 | €3,609 | €1,800 | -€1,809 | -50.1% |
| Accrued charges and deferred income | 492/3 | €3,703 | - | -€3,703 | |
| Remuneration, social security and pensions | 62 | €24,078 | - | -€24,078 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,564 | €23,538 | +€2,974 | +14.5% |
| Other operating charges | 640/8 | €2,846 | €4,559 | +€1,712 | +60.2% |
| Non-recurring operating charges | 66A | - | €25,000 | +€25,000 | |
| Gross operating margin | 9900 | €67,350 | €80,507 | +€13,157 | +19.5% |
| Operating profit (loss) | 9901 | €19,862 | €27,410 | +€7,548 | +38.0% |
| Financial income | 75/76B | €1,345 | €1,602 | +€257 | +19.1% |
| Recurring financial income | 75 | €1,345 | €1,602 | +€257 | +19.1% |
| Financial charges | 65/66B | €6,681 | €8,846 | +€2,165 | +32.4% |
| Recurring financial charges | 65 | €6,681 | €8,846 | +€2,165 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €14,526 | €20,167 | +€5,640 | +38.8% |
| Income taxes | 67/77 | €3,736 | €5,707 | +€1,971 | +52.8% |
| Profit (loss) for the period | 9904 | €10,790 | €14,460 | +€3,670 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,790 | €14,460 | +€3,670 | +34.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.