KARELLI: 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.
KARELLI
Largest movements
- Tangible fixed assets +€3,191
up €3,191 (+1.2%), from €259,968 to €263,159
of which Furniture and vehicles: +€10,915
- Profit (loss) carried forward -€43,523
down €43,523 (-26.1%), from -€166,916 to -€210,438
- Other debts +€42,474
up €42,474 (+30.9%), from €137,575 to €180,049
- Trade debts +€2,878
up €2,878 (+157%), from €1,835 to €4,712
- Gross operating margin +€11,892
up €11,892 (+44.7%), from -€26,583 to -€14,690
- Depreciation +€5,269
up €5,269 (+42.1%), from €12,524 to €17,794
- Financial charges -€691
down €691 (-12.8%), from €5,379 to €4,688
- Staff costs -€325
down €325 (-7.0%), from €4,633 to €4,308
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 | €269,504 | €271,333 | +€1,829 | +0.7% |
| Fixed assets | 21/28 | €259,981 | €263,172 | +€3,191 | +1.2% |
| Tangible fixed assets | 22/27 | €259,968 | €263,159 | +€3,191 | +1.2% |
| Land and buildings | 22 | €253,031 | €243,017 | -€10,015 | -4.0% |
| Plant, machinery and equipment | 23 | €3,095 | €5,386 | +€2,290 | +74.0% |
| Furniture and vehicles | 24 | €3,841 | €14,757 | +€10,915 | +284% |
| Financial fixed assets | 28 | €13 | €13 | = | 0.0% |
| Current assets | 29/58 | €9,523 | €8,161 | -€1,362 | -14.3% |
| Amounts receivable within one year | 40/41 | €3,693 | €4,870 | +€1,177 | +31.9% |
| Trade receivables | 40 | €2,488 | €3,616 | +€1,128 | +45.3% |
| Other amounts receivable | 41 | €1,204 | €1,254 | +€50 | +4.1% |
| Cash at bank and in hand | 54/58 | €5,831 | €3,291 | -€2,539 | -43.6% |
| Total equity and liabilities | 10/49 | €269,504 | €271,333 | +€1,829 | +0.7% |
| Equity | 10/15 | €15,628 | -€27,895 | -€43,523 | |
| Contributions | 10/11 | €97,500 | €97,500 | = | 0.0% |
| Reserves | 13 | €85,044 | €85,044 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,750 | €9,750 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,750 | €9,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,088 | €23,088 | = | 0.0% |
| Distributable reserves | 133 | €52,206 | €52,206 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€166,916 | -€210,438 | -€43,523 | -26.1% |
| Amounts payable | 17/49 | €253,876 | €299,228 | +€45,352 | +17.9% |
| Amounts payable after more than one year | 17 | €110,000 | €110,000 | = | 0.0% |
| Financial debts | 170/4 | €110,000 | €110,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €139,410 | €184,762 | +€45,352 | +32.5% |
| Trade debts | 44 | €1,835 | €4,712 | +€2,878 | +157% |
| Suppliers | 440/4 | €1,835 | €4,712 | +€2,878 | +157% |
| Other amounts payable | 47/48 | €137,575 | €180,049 | +€42,474 | +30.9% |
| Accrued charges and deferred income | 492/3 | €4,466 | €4,466 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €4,633 | €4,308 | -€325 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,524 | €17,794 | +€5,269 | +42.1% |
| Other operating charges | 640/8 | €2,235 | €1,993 | -€241 | -10.8% |
| Gross operating margin | 9900 | -€26,583 | -€14,690 | +€11,892 | +44.7% |
| Operating profit (loss) | 9901 | -€45,975 | -€38,785 | +€7,189 | +15.6% |
| Financial income | 75/76B | €0 | €11 | +€11 | +113,900% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +113,900% |
| Financial charges | 65/66B | €5,379 | €4,688 | -€691 | -12.8% |
| Recurring financial charges | 65 | €5,379 | €4,688 | -€691 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€51,354 | -€43,462 | +€7,892 | +15.4% |
| Income taxes | 67/77 | €118 | €61 | -€57 | -48.3% |
| Profit (loss) for the period | 9904 | -€51,471 | -€43,523 | +€7,948 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,471 | -€43,523 | +€7,948 | +15.4% |
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 13 October 2026 via checked.be.