KARABOUTCHA: 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.
KARABOUTCHA
Largest movements
- Receivables within one year -€29,683
down €29,683 (-30.9%), from €96,099 to €66,416
of which Trade receivables: -€16,093
- Cash -€19,583
down €19,583 (-65.4%), from €29,953 to €10,369
mainly Investment in fixed assets (net) (-€57,333) and Debts after one year (-€56,507)
- Debts after one year -€56,507
down €56,507 (-29.4%), from €192,045 to €135,539
of which Financial debts: -€56,507
- Reserves +€19,082
up €19,082 (+28.6%), from €66,648 to €85,730
- Tax, wage and social debts -€9,221
down €9,221 (-23.0%), from €40,100 to €30,879
- Current portion of long-term debt -€8,135
down €8,135 (-10.5%), from €77,399 to €69,264
- Depreciation +€6,078
up €6,078 (+11.8%), from €51,369 to €57,447
- Taxes -€1,345
down €1,345 (-13.8%), from €9,760 to €8,414
- Financial charges -€1,315
down €1,315 (-9.7%), from €13,598 to €12,282
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 | €669,041 | €618,994 | -€50,047 | -7.5% |
| Fixed assets | 21/28 | €540,424 | €540,309 | -€115 | 0.0% |
| Tangible fixed assets | 22/27 | €540,365 | €540,250 | -€115 | 0.0% |
| Land and buildings | 22 | €501,728 | €485,002 | -€16,726 | -3.3% |
| Furniture and vehicles | 24 | €38,637 | €55,248 | +€16,611 | +43.0% |
| Financial fixed assets | 28 | €59 | €59 | = | 0.0% |
| Current assets | 29/58 | €128,618 | €78,685 | -€49,933 | -38.8% |
| Amounts receivable within one year | 40/41 | €96,099 | €66,416 | -€29,683 | -30.9% |
| Trade receivables | 40 | €16,093 | - | -€16,093 | |
| Other amounts receivable | 41 | €80,006 | €66,416 | -€13,590 | -17.0% |
| Cash at bank and in hand | 54/58 | €29,953 | €10,369 | -€19,583 | -65.4% |
| Deferred charges and accrued income | 490/1 | €2,566 | €1,899 | -€667 | -26.0% |
| Total equity and liabilities | 10/49 | €669,041 | €618,994 | -€50,047 | -7.5% |
| Equity | 10/15 | €353,890 | €372,972 | +€19,082 | +5.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €66,648 | €85,730 | +€19,082 | +28.6% |
| Distributable reserves | 133 | €66,648 | €85,730 | +€19,082 | +28.6% |
| Profit (loss) carried forward | 14 | €268,650 | €268,650 | = | 0.0% |
| Amounts payable | 17/49 | €315,151 | €246,022 | -€69,129 | -21.9% |
| Amounts payable after more than one year | 17 | €192,045 | €135,539 | -€56,507 | -29.4% |
| Financial debts | 170/4 | €190,112 | €133,605 | -€56,507 | -29.7% |
| Other amounts payable | 178/9 | €1,933 | €1,933 | = | 0.0% |
| Amounts payable within one year | 42/48 | €122,205 | €110,483 | -€11,722 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €77,399 | €69,264 | -€8,135 | -10.5% |
| Trade debts | 44 | €4,707 | €10,341 | +€5,634 | +119.7% |
| Suppliers | 440/4 | €4,707 | €10,341 | +€5,634 | +119.7% |
| Taxes, remuneration and social security | 45 | €40,100 | €30,879 | -€9,221 | -23.0% |
| Taxes | 450/3 | €40,100 | €30,879 | -€9,221 | -23.0% |
| Accrued charges and deferred income | 492/3 | €900 | - | -€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,369 | €57,447 | +€6,078 | +11.8% |
| Other operating charges | 640/8 | €7,445 | €6,586 | -€858 | -11.5% |
| Gross operating margin | 9900 | €104,018 | €103,811 | -€207 | -0.2% |
| Operating profit (loss) | 9901 | €45,204 | €39,778 | -€5,427 | -12.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -35.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -35.0% |
| Financial charges | 65/66B | €13,598 | €12,282 | -€1,315 | -9.7% |
| Recurring financial charges | 65 | €13,598 | €12,282 | -€1,315 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €31,607 | €27,496 | -€4,111 | -13.0% |
| Income taxes | 67/77 | €9,760 | €8,414 | -€1,345 | -13.8% |
| Profit (loss) for the period | 9904 | €21,848 | €19,082 | -€2,766 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,848 | €19,082 | -€2,766 | -12.7% |
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 7 October 2026 via checked.be.