KARAKTERKOP: 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.
KARAKTERKOP
Largest movements
- Receivables within one year -€36,916
down €36,916 (-38.5%), from €95,940 to €59,024
of which Trade receivables: -€29,273
- Tangible fixed assets -€7,627
down €7,627 (-3.0%), from €258,321 to €250,694
of which Land and buildings: -€7,118
- Other debts -€34,908
no longer reported in 2025 (was €34,908)
- Debts after one year -€16,114
down €16,114 (-6.3%), from €257,599 to €241,485
of which Financial debts: -€16,114
- Profit (loss) carried forward +€15,548
up €15,548 (+108%), from €14,434 to €29,982
- Current portion of long-term debt -€11,343
down €11,343 (-41.3%), from €27,457 to €16,114
- Tax, wage and social debts +€4,502
up €4,502 (+36.1%), from €12,484 to €16,986
- Gross operating margin +€32,965
up €32,965 (+99.6%), from €33,105 to €66,070
- Write-downs +€15,855
new in 2025: €15,855
- Other operating charges +€7,940
up €7,940 (+143%), from €5,534 to €13,474
- Depreciation -€6,533
down €6,533 (-38.8%), from €16,818 to €10,285
- Taxes +€3,031
up €3,031 (+88.5%), from €3,426 to €6,457
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 | €355,846 | €314,259 | -€41,587 | -11.7% |
| Fixed assets | 21/28 | €258,321 | €250,694 | -€7,627 | -3.0% |
| Tangible fixed assets | 22/27 | €258,321 | €250,694 | -€7,627 | -3.0% |
| Land and buildings | 22 | €248,480 | €241,362 | -€7,118 | -2.9% |
| Plant, machinery and equipment | 23 | €3,208 | €4,107 | +€899 | +28.0% |
| Furniture and vehicles | 24 | €6,633 | €5,225 | -€1,408 | -21.2% |
| Current assets | 29/58 | €97,525 | €63,565 | -€33,960 | -34.8% |
| Amounts receivable within one year | 40/41 | €95,940 | €59,024 | -€36,916 | -38.5% |
| Trade receivables | 40 | €54,162 | €24,889 | -€29,273 | -54.0% |
| Other amounts receivable | 41 | €41,778 | €34,135 | -€7,643 | -18.3% |
| Cash at bank and in hand | 54/58 | €1,585 | €4,541 | +€2,956 | +186% |
| Total equity and liabilities | 10/49 | €355,846 | €314,259 | -€41,587 | -11.7% |
| Equity | 10/15 | €19,434 | €34,982 | +€15,548 | +80.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,434 | €29,982 | +€15,548 | +108% |
| Amounts payable | 17/49 | €336,412 | €279,277 | -€57,135 | -17.0% |
| Amounts payable after more than one year | 17 | €257,599 | €241,485 | -€16,114 | -6.3% |
| Financial debts | 170/4 | €197,599 | €181,485 | -€16,114 | -8.2% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €78,813 | €37,792 | -€41,021 | -52.0% |
| Current portion of amounts payable after more than one year | 42 | €27,457 | €16,114 | -€11,343 | -41.3% |
| Trade debts | 44 | €3,964 | €4,692 | +€728 | +18.4% |
| Suppliers | 440/4 | €3,964 | €4,692 | +€728 | +18.4% |
| Taxes, remuneration and social security | 45 | €12,484 | €16,986 | +€4,502 | +36.1% |
| Taxes | 450/3 | €12,484 | €16,986 | +€4,502 | +36.1% |
| Other amounts payable | 47/48 | €34,908 | - | -€34,908 | |
| Remuneration, social security and pensions | 62 | -€663 | €414 | +€1,077 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,818 | €10,285 | -€6,533 | -38.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,855 | +€15,855 | |
| Other operating charges | 640/8 | €5,534 | €13,474 | +€7,940 | +143% |
| Gross operating margin | 9900 | €33,105 | €66,070 | +€32,965 | +99.6% |
| Operating profit (loss) | 9901 | €11,416 | €26,042 | +€14,626 | +128% |
| Financial income | 75/76B | €46 | - | -€46 | |
| Recurring financial income | 75 | €46 | - | -€46 | |
| Financial charges | 65/66B | €6,637 | €4,037 | -€2,600 | -39.2% |
| Recurring financial charges | 65 | €6,637 | €4,037 | -€2,600 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €4,825 | €22,005 | +€17,180 | +356% |
| Income taxes | 67/77 | €3,426 | €6,457 | +€3,031 | +88.5% |
| Profit (loss) for the period | 9904 | €1,399 | €15,548 | +€14,149 | +1,011% |
| Profit (loss) for the period to be appropriated | 9905 | €1,399 | €15,548 | +€14,149 | +1,011% |
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 23 October 2026 via checked.be.