CARVING KOEN: 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.
CARVING KOEN
Largest movements
- Tangible fixed assets +€15,771
new in 2025: €15,771
- Cash +€5,682
up €5,682 (+45.0%), from €12,623 to €18,305
mainly Debts after one year (+€12,931) and Accrued charges and deferred income (+€8,455)
- Receivables within one year -€3,553
down €3,553 (-15.7%), from €22,684 to €19,131
of which Trade receivables: -€6,931
- Debts after one year +€12,931
new in 2025: €12,931
- Accrued charges and deferred income +€8,455
up €8,455 (+1,064%), from €795 to €9,250
- Tax, wage and social debts -€8,131
down €8,131 (-81.3%), from €10,006 to €1,874
- Other debts -€4,628
down €4,628 (-100%), from €4,628 to €0
- Current portion of long-term debt +€3,914
new in 2025: €3,914
- Gross operating margin -€12,347
down €12,347 (-61.1%), from €20,208 to €7,861
- Taxes -€3,899
down €3,899 (-77.8%), from €5,015 to €1,115
- Depreciation +€2,326
new in 2025: €2,326
- Other operating charges +€853
up €853 (+871%), from €98 to €951
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 | €35,307 | €53,216 | +€17,909 | +50.7% |
| Fixed assets | 21/28 | - | €15,780 | +€15,780 | |
| Intangible fixed assets | 21 | - | €9 | +€9 | |
| Tangible fixed assets | 22/27 | - | €15,771 | +€15,771 | |
| Furniture and vehicles | 24 | - | €15,771 | +€15,771 | |
| Current assets | 29/58 | €35,307 | €37,435 | +€2,129 | +6.0% |
| Amounts receivable within one year | 40/41 | €22,684 | €19,131 | -€3,553 | -15.7% |
| Trade receivables | 40 | €22,654 | €15,723 | -€6,931 | -30.6% |
| Other amounts receivable | 41 | €30 | €3,408 | +€3,378 | +11,221% |
| Cash at bank and in hand | 54/58 | €12,623 | €18,305 | +€5,682 | +45.0% |
| Total equity and liabilities | 10/49 | €35,307 | €53,216 | +€17,909 | +50.7% |
| Equity | 10/15 | €19,044 | €22,424 | +€3,380 | +17.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €15,044 | €18,424 | +€3,380 | +22.5% |
| Distributable reserves | 133 | €15,044 | €18,424 | +€3,380 | +22.5% |
| Amounts payable | 17/49 | €16,263 | €30,792 | +€14,529 | +89.3% |
| Amounts payable after more than one year | 17 | - | €12,931 | +€12,931 | |
| Financial debts | 170/4 | - | €12,931 | +€12,931 | |
| Amounts payable within one year | 42/48 | €15,468 | €8,610 | -€6,858 | -44.3% |
| Current portion of amounts payable after more than one year | 42 | - | €3,914 | +€3,914 | |
| Trade debts | 44 | €835 | €2,823 | +€1,988 | +238% |
| Suppliers | 440/4 | €835 | €2,823 | +€1,988 | +238% |
| Taxes, remuneration and social security | 45 | €10,006 | €1,874 | -€8,131 | -81.3% |
| Taxes | 450/3 | €10,006 | €1,874 | -€8,131 | -81.3% |
| Other amounts payable | 47/48 | €4,628 | €0 | -€4,628 | -100% |
| Accrued charges and deferred income | 492/3 | €795 | €9,250 | +€8,455 | +1,064% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,326 | +€2,326 | |
| Other operating charges | 640/8 | €98 | €951 | +€853 | +871% |
| Gross operating margin | 9900 | €20,208 | €7,861 | -€12,347 | -61.1% |
| Operating profit (loss) | 9901 | €20,110 | €4,583 | -€15,527 | -77.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €52 | €87 | +€36 | +69.3% |
| Recurring financial charges | 65 | €52 | €87 | +€36 | +69.3% |
| Profit (loss) for the period before taxes | 9903 | €20,058 | €4,496 | -€15,562 | -77.6% |
| Income taxes | 67/77 | €5,015 | €1,115 | -€3,899 | -77.8% |
| Profit (loss) for the period | 9904 | €15,044 | €3,380 | -€11,663 | -77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,044 | €3,380 | -€11,663 | -77.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.