CarKath: 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.
CarKath
Largest movements
- Current investments -€136,748
down €136,748 (-22.5%), from €607,460 to €470,712
- Receivables within one year -€51,062
down €51,062 (-62.1%), from €82,258 to €31,196
of which Trade receivables: -€51,151
- Cash -€9,542
down €9,542 (-33.7%), from €28,275 to €18,734
mainly Contributions, distributions and other (-€117,000) and Provisions (-€86,649)
- Tangible fixed assets -€7,698
down €7,698 (-31.5%), from €24,449 to €16,751
of which Furniture and vehicles: -€3,981
- Provisions -€86,649
no longer reported in 2025 (was €86,649)
- Trade debts -€67,134
down €67,134 (-68.0%), from €98,729 to €31,596
- Reserves -€44,500
down €44,500 (-8.2%), from €542,564 to €498,064
of which Distributable reserves: -€44,500
- Provisions -€87,935
down €87,935, from €1,286 to -€86,649
- Gross operating margin +€81,074
up €81,074 (+225.3%), from €35,985 to €117,058
- Financial charges +€36,805
up €36,805 (+39.3%), from €93,604 to €130,409
- Taxes +€21,146
up €21,146 (+15977.3%), from €132 to €21,278
- Financial income +€19,930
up €19,930 (+199.5%), from €9,990 to €29,920
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 | €744,138 | €537,527 | -€206,611 | -27.8% |
| Fixed assets | 21/28 | €24,449 | €16,751 | -€7,698 | -31.5% |
| Tangible fixed assets | 22/27 | €24,449 | €16,751 | -€7,698 | -31.5% |
| Furniture and vehicles | 24 | €8,418 | €4,437 | -€3,981 | -47.3% |
| Other tangible fixed assets | 26 | €16,031 | €12,314 | -€3,717 | -23.2% |
| Current assets | 29/58 | €719,689 | €520,777 | -€198,912 | -27.6% |
| Amounts receivable within one year | 40/41 | €82,258 | €31,196 | -€51,062 | -62.1% |
| Trade receivables | 40 | €65,759 | €14,607 | -€51,151 | -77.8% |
| Other amounts receivable | 41 | €16,499 | €16,588 | +€89 | +0.5% |
| Current investments | 50/53 | €607,460 | €470,712 | -€136,748 | -22.5% |
| Cash at bank and in hand | 54/58 | €28,275 | €18,734 | -€9,542 | -33.7% |
| Deferred charges and accrued income | 490/1 | €1,696 | €136 | -€1,560 | -92.0% |
| Total equity and liabilities | 10/49 | €744,138 | €537,527 | -€206,611 | -27.8% |
| Equity | 10/15 | €506,881 | €462,945 | -€43,936 | -8.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €542,564 | €498,064 | -€44,500 | -8.2% |
| Non-distributable reserves | 130/1 | €2,964 | €2,964 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,964 | €2,964 | = | 0.0% |
| Distributable reserves | 133 | €539,600 | €495,100 | -€44,500 | -8.2% |
| Profit (loss) carried forward | 14 | -€48,083 | -€47,519 | +€564 | +1.2% |
| Provisions and deferred taxes | 16 | €86,649 | - | -€86,649 | |
| Provisions for liabilities and charges | 160/5 | €86,649 | - | -€86,649 | |
| Other liabilities and charges | 164/5 | €86,649 | - | -€86,649 | |
| Amounts payable | 17/49 | €150,608 | €74,582 | -€76,025 | -50.5% |
| Amounts payable within one year | 42/48 | €132,023 | €54,129 | -€77,894 | -59.0% |
| Trade debts | 44 | €98,729 | €31,596 | -€67,134 | -68.0% |
| Suppliers | 440/4 | €98,729 | €31,596 | -€67,134 | -68.0% |
| Taxes, remuneration and social security | 45 | €21,812 | €18,442 | -€3,370 | -15.5% |
| Taxes | 450/3 | €17,811 | €18,442 | +€631 | +3.5% |
| Remuneration and social security | 454/9 | €4,001 | - | -€4,001 | |
| Other amounts payable | 47/48 | €11,481 | €4,091 | -€7,391 | -64.4% |
| Accrued charges and deferred income | 492/3 | €18,585 | €20,454 | +€1,869 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,894 | €7,698 | -€196 | -2.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,286 | -€86,649 | -€87,935 | |
| Other operating charges | 640/8 | €1,998 | €1,178 | -€820 | -41.1% |
| Gross operating margin | 9900 | €35,985 | €117,058 | +€81,074 | +225.3% |
| Operating profit (loss) | 9901 | €24,806 | €194,831 | +€170,025 | +685.4% |
| Financial income | 75/76B | €9,990 | €29,920 | +€19,930 | +199.5% |
| Recurring financial income | 75 | €9,990 | €29,920 | +€19,930 | +199.5% |
| Financial charges | 65/66B | €93,604 | €130,409 | +€36,805 | +39.3% |
| Recurring financial charges | 65 | €93,604 | €130,409 | +€36,805 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | -€58,808 | €94,342 | +€153,150 | |
| Income taxes | 67/77 | €132 | €21,278 | +€21,146 | +15977.3% |
| Profit (loss) for the period | 9904 | -€58,940 | €73,064 | +€132,004 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,940 | €73,064 | +€132,004 |
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 3 October 2026 via checked.be.