KARABELEN CAR: 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.
KARABELEN CAR
Largest movements
- Tangible fixed assets +€379,958
up €379,958 (+120%), from €315,561 to €695,519
of which Land and buildings: +€379,345
- Cash +€248,874
up €248,874 (+436%), from €57,115 to €305,989
mainly Debts after one year (+€520,687) and Net result for the year (+€182,838)
- Debts after one year +€520,687
up €520,687 (+381%), from €136,559 to €657,246
- Profit (loss) carried forward +€62,838
up €62,838 (+4.6%), from €1.4m to €1.4m
- Current portion of long-term debt +€55,684
up €55,684 (+273%), from €20,410 to €76,094
- Tax, wage and social debts +€39,637
up €39,637 (+28.3%), from €139,877 to €179,514
of which Taxes: +€35,218
- Gross operating margin -€47,893
down €47,893 (-8.6%), from €553,810 to €505,917
- Depreciation -€36,456
down €36,456 (-75.3%), from €48,440 to €11,984
- Staff costs +€14,797
up €14,797 (+6.7%), from €222,378 to €237,175
- Financial charges +€8,806
up €8,806 (+34.5%), from €25,556 to €34,362
- Other operating charges +€6,291
up €6,291 (+55.8%), from €11,267 to €17,558
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 | €2,828,159 | €3,475,535 | +€647,376 | +22.9% |
| Fixed assets | 21/28 | €315,661 | €695,619 | +€379,958 | +120% |
| Tangible fixed assets | 22/27 | €315,561 | €695,519 | +€379,958 | +120% |
| Land and buildings | 22 | €283,321 | €662,666 | +€379,345 | +134% |
| Plant, machinery and equipment | 23 | €27,019 | €26,380 | -€639 | -2.4% |
| Furniture and vehicles | 24 | €1,503 | €2,809 | +€1,306 | +86.9% |
| Leasing and similar rights | 25 | €3,718 | €3,664 | -€54 | -1.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €2,512,498 | €2,779,916 | +€267,418 | +10.6% |
| Stocks and contracts in progress | 3 | €1,646,140 | €1,668,245 | +€22,105 | +1.3% |
| Stocks | 30/36 | €1,646,140 | €1,668,245 | +€22,105 | +1.3% |
| Amounts receivable within one year | 40/41 | €806,058 | €802,497 | -€3,561 | -0.4% |
| Trade receivables | 40 | €701,569 | €798,546 | +€96,977 | +13.8% |
| Other amounts receivable | 41 | €104,489 | €3,951 | -€100,538 | -96.2% |
| Cash at bank and in hand | 54/58 | €57,115 | €305,989 | +€248,874 | +436% |
| Deferred charges and accrued income | 490/1 | €3,185 | €3,185 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,828,159 | €3,475,535 | +€647,376 | +22.9% |
| Equity | 10/15 | €1,478,751 | €1,541,589 | +€62,838 | +4.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €117,760 | €117,760 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €115,900 | €115,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,354,791 | €1,417,629 | +€62,838 | +4.6% |
| Provisions and deferred taxes | 16 | €91,436 | €91,436 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €91,436 | €91,436 | = | 0.0% |
| Environmental obligations | 163 | - | €91,436 | +€91,436 | |
| Other liabilities and charges | 164/5 | €91,436 | - | -€91,436 | |
| Amounts payable | 17/49 | €1,257,972 | €1,842,510 | +€584,538 | +46.5% |
| Amounts payable after more than one year | 17 | €136,559 | €657,246 | +€520,687 | +381% |
| Financial debts | 170/4 | €136,559 | €657,246 | +€520,687 | +381% |
| Amounts payable within one year | 42/48 | €1,047,413 | €1,111,264 | +€63,851 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €20,410 | €76,094 | +€55,684 | +273% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €484,590 | €466,890 | -€17,700 | -3.7% |
| Suppliers | 440/4 | €484,590 | €466,890 | -€17,700 | -3.7% |
| Taxes, remuneration and social security | 45 | €139,877 | €179,514 | +€39,637 | +28.3% |
| Taxes | 450/3 | €117,394 | €152,612 | +€35,218 | +30.0% |
| Remuneration and social security | 454/9 | €22,483 | €26,902 | +€4,419 | +19.7% |
| Other amounts payable | 47/48 | €252,536 | €238,766 | -€13,770 | -5.5% |
| Accrued charges and deferred income | 492/3 | €74,000 | €74,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €222,378 | €237,175 | +€14,797 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,440 | €11,984 | -€36,456 | -75.3% |
| Other operating charges | 640/8 | €11,267 | €17,558 | +€6,291 | +55.8% |
| Gross operating margin | 9900 | €553,810 | €505,917 | -€47,893 | -8.6% |
| Operating profit (loss) | 9901 | €271,725 | €239,200 | -€32,525 | -12.0% |
| Financial charges | 65/66B | €25,556 | €34,362 | +€8,806 | +34.5% |
| Recurring financial charges | 65 | €25,556 | €34,362 | +€8,806 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | €246,169 | €204,838 | -€41,331 | -16.8% |
| Income taxes | 67/77 | €21,286 | €22,000 | +€714 | +3.4% |
| Profit (loss) for the period | 9904 | €224,883 | €182,838 | -€42,045 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €224,883 | €182,838 | -€42,045 | -18.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.