Klub Karaf: 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.
Klub Karaf
Largest movements
- Cash -€5,392
down €5,392 (-50.1%), from €10,772 to €5,379
mainly Other debts (-€21,784) and Deferred charges and accrued income (-€3,270)
- Tangible fixed assets -€3,444
down €3,444 (-16.5%), from €20,884 to €17,441
of which Furniture and vehicles: -€2,281
- Deferred charges and accrued income +€3,270
up €3,270 (+2,661%), from €123 to €3,393
- Other debts -€21,784
down €21,784 (-87.5%), from €24,888 to €3,104
- Reserves +€8,918
up €8,918 (+222%), from €4,018 to €12,936
- Tax, wage and social debts +€3,398
up €3,398 (+50.2%), from €6,772 to €10,169
of which Taxes: +€2,422
- Trade debts +€2,403
up €2,403 (+153%), from €1,568 to €3,971
- Accrued charges and deferred income +€1,221
up €1,221 (+582%), from €210 to €1,430
- Gross operating margin +€8,937
up €8,937 (+78.7%), from €11,359 to €20,296
- Taxes +€1,732
up €1,732 (+64.7%), from €2,676 to €4,408
- Depreciation +€1,298
up €1,298 (+60.5%), from €2,146 to €3,444
- Financial charges +€823
up €823 (+1,235%), from €67 to €889
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 | €40,454 | €34,610 | -€5,844 | -14.4% |
| Fixed assets | 21/28 | €20,884 | €17,441 | -€3,444 | -16.5% |
| Tangible fixed assets | 22/27 | €20,884 | €17,441 | -€3,444 | -16.5% |
| Furniture and vehicles | 24 | €10,025 | €7,744 | -€2,281 | -22.8% |
| Other tangible fixed assets | 26 | €10,859 | €9,697 | -€1,163 | -10.7% |
| Current assets | 29/58 | €19,570 | €17,169 | -€2,401 | -12.3% |
| Amounts receivable within one year | 40/41 | €8,675 | €8,397 | -€278 | -3.2% |
| Trade receivables | 40 | €8,675 | €8,397 | -€278 | -3.2% |
| Cash at bank and in hand | 54/58 | €10,772 | €5,379 | -€5,392 | -50.1% |
| Deferred charges and accrued income | 490/1 | €123 | €3,393 | +€3,270 | +2,661% |
| Total equity and liabilities | 10/49 | €40,454 | €34,610 | -€5,844 | -14.4% |
| Equity | 10/15 | €7,018 | €15,936 | +€8,918 | +127% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €4,018 | €12,936 | +€8,918 | +222% |
| Distributable reserves | 133 | €4,018 | €12,936 | +€8,918 | +222% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,437 | €18,674 | -€14,762 | -44.2% |
| Amounts payable within one year | 42/48 | €33,227 | €17,244 | -€15,983 | -48.1% |
| Trade debts | 44 | €1,568 | €3,971 | +€2,403 | +153% |
| Suppliers | 440/4 | €1,568 | €3,971 | +€2,403 | +153% |
| Taxes, remuneration and social security | 45 | €6,772 | €10,169 | +€3,398 | +50.2% |
| Taxes | 450/3 | €6,772 | €9,193 | +€2,422 | +35.8% |
| Remuneration and social security | 454/9 | - | €976 | +€976 | |
| Other amounts payable | 47/48 | €24,888 | €3,104 | -€21,784 | -87.5% |
| Accrued charges and deferred income | 492/3 | €210 | €1,430 | +€1,221 | +582% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,146 | €3,444 | +€1,298 | +60.5% |
| Other operating charges | 640/8 | €787 | €971 | +€184 | +23.3% |
| Gross operating margin | 9900 | €11,359 | €20,296 | +€8,937 | +78.7% |
| Operating profit (loss) | 9901 | €8,426 | €15,882 | +€7,455 | +88.5% |
| Financial charges | 65/66B | €67 | €889 | +€823 | +1,235% |
| Recurring financial charges | 65 | €67 | €889 | +€823 | +1,235% |
| Profit (loss) for the period before taxes | 9903 | €8,360 | €14,992 | +€6,633 | +79.3% |
| Income taxes | 67/77 | €2,676 | €4,408 | +€1,732 | +64.7% |
| Profit (loss) for the period | 9904 | €5,684 | €10,584 | +€4,901 | +86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,684 | €10,584 | +€4,901 | +86.2% |
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 27 October 2026 via checked.be.