KARA & ZONEN: 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.
KARA & ZONEN
Largest movements
- Receivables within one year -€84,223
down €84,223 (-45.2%), from €186,519 to €102,296
- Cash -€52,785
down €52,785 (-83.3%), from €63,398 to €10,613
mainly Debts within one year (-€102,269) and Net result for the year (-€27,313)
- Tangible fixed assets -€5,953
down €5,953 (-35.4%), from €16,822 to €10,868
- Debts within one year -€102,269
down €102,269 (-77.0%), from €132,779 to €30,511
of which Trade debts: -€61,430
- Profit (loss) carried forward -€27,313
down €27,313 (-24.3%), from €112,526 to €85,212
- Debts after one year -€13,379
no longer reported in 2021 (was €13,379)
- Gross operating margin -€27,497
down €27,497, from €9,173 to -€18,324
- Other operating charges +€2,449
new in 2021: €2,449
- Depreciation -€743
down €743 (-11.1%), from €6,696 to €5,953
- Financial charges +€588
new in 2021: €588
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €266,739 | €123,778 | -€142,961 | -53.6% |
| Fixed assets | 21/28 | €16,822 | €10,868 | -€5,953 | -35.4% |
| Tangible fixed assets | 22/27 | €16,822 | €10,868 | -€5,953 | -35.4% |
| Furniture and vehicles | 24 | - | €10,868 | +€10,868 | |
| Current assets | 29/58 | €249,917 | €112,909 | -€137,008 | -54.8% |
| Amounts receivable within one year | 40/41 | €186,519 | €102,296 | -€84,223 | -45.2% |
| Trade receivables | 40 | - | €2,287 | +€2,287 | |
| Other amounts receivable | 41 | - | €100,010 | +€100,010 | |
| Cash at bank and in hand | 54/58 | €63,398 | €10,613 | -€52,785 | -83.3% |
| Total equity and liabilities | 10/49 | €266,739 | €123,778 | -€142,961 | -53.6% |
| Equity | 10/15 | €120,581 | €93,267 | -€27,313 | -22.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €18,550 | +€18,550 | |
| Uncalled capital | 101 | - | €12,350 | +€12,350 | |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,855 | +€1,855 | |
| Legal reserve | 130 | - | €1,855 | +€1,855 | |
| Profit (loss) carried forward | 14 | €112,526 | €85,212 | -€27,313 | -24.3% |
| Amounts payable | 17/49 | €146,159 | €30,511 | -€115,648 | -79.1% |
| Amounts payable after more than one year | 17 | €13,379 | - | -€13,379 | |
| Amounts payable within one year | 42/48 | €132,779 | €30,511 | -€102,269 | -77.0% |
| Current portion of amounts payable after more than one year | 42 | - | €5,635 | +€5,635 | |
| Trade debts | 44 | €80,672 | €19,242 | -€61,430 | -76.1% |
| Suppliers | 440/4 | - | €19,242 | +€19,242 | |
| Taxes, remuneration and social security | 45 | - | €5,634 | +€5,634 | |
| Taxes | 450/3 | - | €5,634 | +€5,634 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,696 | €5,953 | -€743 | -11.1% |
| Other operating charges | 640/8 | - | €2,449 | +€2,449 | |
| Gross operating margin | 9900 | €9,173 | -€18,324 | -€27,497 | |
| Operating profit (loss) | 9901 | €849 | -€26,726 | -€27,575 | |
| Financial charges | 65/66B | - | €588 | +€588 | |
| Recurring financial charges | 65 | €347 | €588 | +€240 | +69.2% |
| Profit (loss) for the period before taxes | 9903 | €502 | -€27,313 | -€27,816 | |
| Income taxes | 67/77 | €125 | - | -€125 | |
| Profit (loss) for the period | 9904 | €377 | -€27,313 | -€27,691 | |
| Profit (loss) for the period to be appropriated | 9905 | €377 | -€27,313 | -€27,691 |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.