De Karte: 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.
De Karte
Largest movements
- Cash +€35,772
up €35,772 (+1,097%), from €3,261 to €39,033
mainly Depreciation (+€15,735) and Net result for the year (+€10,292)
- Tangible fixed assets -€15,735
down €15,735 (-45.1%), from €34,892 to €19,157
of which Land and buildings: -€15,022
No liability line moved by more than 1% of the balance sheet total.
- Taxes -€341,600
down €341,600, from €338,997 to -€2,603
- Gross operating margin -€177,292
down €177,292, from €133,246 to -€44,046
- Financial income +€54,497
up €54,497 (+267%), from €20,386 to €74,883
- Depreciation -€9,460
down €9,460 (-37.5%), from €25,195 to €15,735
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 | €1,190,292 | €1,204,027 | +€13,735 | +1.2% |
| Fixed assets | 21/28 | €34,892 | €19,157 | -€15,735 | -45.1% |
| Tangible fixed assets | 22/27 | €34,892 | €19,157 | -€15,735 | -45.1% |
| Land and buildings | 22 | €26,868 | €11,846 | -€15,022 | -55.9% |
| Furniture and vehicles | 24 | €8,024 | €7,311 | -€713 | -8.9% |
| Current assets | 29/58 | €1,155,400 | €1,184,870 | +€29,470 | +2.6% |
| Amounts receivable within one year | 40/41 | €4,825 | €3,731 | -€1,094 | -22.7% |
| Trade receivables | 40 | €1,502 | €2,414 | +€912 | +60.7% |
| Other amounts receivable | 41 | €3,323 | €1,317 | -€2,005 | -60.4% |
| Current investments | 50/53 | €1,147,314 | €1,142,105 | -€5,209 | -0.5% |
| Cash at bank and in hand | 54/58 | €3,261 | €39,033 | +€35,772 | +1,097% |
| Total equity and liabilities | 10/49 | €1,190,292 | €1,204,027 | +€13,735 | +1.2% |
| Equity | 10/15 | €1,168,259 | €1,178,551 | +€10,292 | +0.9% |
| Contributions | 10/11 | €148,191 | €148,191 | = | 0.0% |
| Capital | 10 | €148,191 | €148,191 | = | 0.0% |
| Issued capital | 100 | €148,191 | €148,191 | = | 0.0% |
| Reserves | 13 | €1,020,068 | €1,030,360 | +€10,292 | +1.0% |
| Non-distributable reserves | 130/1 | €73,320 | €73,320 | = | 0.0% |
| Legal reserve | 130 | €73,320 | €73,320 | = | 0.0% |
| Tax-exempt reserves | 132 | €91,200 | €91,200 | = | 0.0% |
| Distributable reserves | 133 | €855,548 | €865,840 | +€10,292 | +1.2% |
| Amounts payable | 17/49 | €22,032 | €25,475 | +€3,443 | +15.6% |
| Amounts payable within one year | 42/48 | €19,967 | €23,411 | +€3,443 | +17.2% |
| Trade debts | 44 | €1,197 | €4,322 | +€3,125 | +261% |
| Suppliers | 440/4 | €1,197 | €4,322 | +€3,125 | +261% |
| Advances received on contracts in progress | 46 | €340 | €340 | = | 0.0% |
| Other amounts payable | 47/48 | €18,430 | €18,749 | +€318 | +1.7% |
| Accrued charges and deferred income | 492/3 | €2,065 | €2,065 | = | 0.0% |
| Non-recurring operating income | 76A | €158,959 | €1,000 | -€157,959 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,195 | €15,735 | -€9,460 | -37.5% |
| Other operating charges | 640/8 | €7,587 | €6,450 | -€1,136 | -15.0% |
| Non-recurring operating charges | 66A | €9,632 | - | -€9,632 | |
| Gross operating margin | 9900 | €133,246 | -€44,046 | -€177,292 | |
| Operating profit (loss) | 9901 | €90,833 | -€66,231 | -€157,064 | |
| Financial income | 75/76B | €20,386 | €74,883 | +€54,497 | +267% |
| Recurring financial income | 75 | €20,386 | €74,883 | +€54,497 | +267% |
| Financial charges | 65/66B | €1,252 | €964 | -€288 | -23.0% |
| Recurring financial charges | 65 | €1,252 | €964 | -€288 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €109,968 | €7,689 | -€102,279 | -93.0% |
| Transfer from deferred taxes | 780 | €232,108 | - | -€232,108 | |
| Income taxes | 67/77 | €338,997 | -€2,603 | -€341,600 | |
| Profit (loss) for the period | 9904 | €3,079 | €10,292 | +€7,212 | +234% |
| Transfer from tax-exempt reserves | 789 | €650,064 | - | -€650,064 | |
| Profit (loss) for the period to be appropriated | 9905 | €653,144 | €10,292 | -€642,852 | -98.4% |
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 23 October 2026 via checked.be.