KARB: 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.
KARB
Largest movements
- Cash +€97,955
up €97,955 (+122.5%), from €79,978 to €177,933
mainly Current investments (+€70,178) and Net result for the year (+€63,424)
- Current investments -€70,178
down €70,178 (-24.8%), from €283,422 to €213,244
- Receivables within one year -€15,860
down €15,860 (-26.4%), from €60,083 to €44,224
of which Other amounts receivable: -€17,319
- Reserves +€14,650
up €14,650 (+3.2%), from €463,185 to €477,835
- Financial income -€33,877
down €33,877 (-87.8%), from €38,597 to €4,720
- Gross operating margin +€31,561
up €31,561 (+41.5%), from €75,971 to €107,531
- Financial charges +€13,140
up €13,140 (+11758.7%), from €112 to €13,252
- Taxes +€3,110
up €3,110 (+13.0%), from €23,874 to €26,984
- Other operating charges -€2,140
down €2,140 (-71.7%), from €2,984 to €844
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €495,243 | €508,346 | +€13,103 | +2.6% |
| Fixed assets | 21/28 | €71,759 | €72,945 | +€1,186 | +1.7% |
| Tangible fixed assets | 22/27 | €49,025 | €50,211 | +€1,186 | +2.4% |
| Furniture and vehicles | 24 | €2,072 | €7,825 | +€5,752 | +277.6% |
| Other tangible fixed assets | 26 | €46,952 | €42,386 | -€4,566 | -9.7% |
| Financial fixed assets | 28 | €22,735 | €22,735 | = | 0.0% |
| Current assets | 29/58 | €423,483 | €435,400 | +€11,917 | +2.8% |
| Amounts receivable within one year | 40/41 | €60,083 | €44,224 | -€15,860 | -26.4% |
| Trade receivables | 40 | €18,383 | €19,843 | +€1,459 | +7.9% |
| Other amounts receivable | 41 | €41,700 | €24,381 | -€17,319 | -41.5% |
| Current investments | 50/53 | €283,422 | €213,244 | -€70,178 | -24.8% |
| Cash at bank and in hand | 54/58 | €79,978 | €177,933 | +€97,955 | +122.5% |
| Total equity and liabilities | 10/49 | €495,243 | €508,346 | +€13,103 | +2.6% |
| Equity | 10/15 | €482,233 | €496,907 | +€14,674 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €463,185 | €477,835 | +€14,650 | +3.2% |
| Distributable reserves | 133 | €463,185 | €477,835 | +€14,650 | +3.2% |
| Profit (loss) carried forward | 14 | €448 | €472 | +€24 | +5.3% |
| Amounts payable | 17/49 | €13,010 | €11,439 | -€1,570 | -12.1% |
| Amounts payable within one year | 42/48 | €13,010 | €11,439 | -€1,570 | -12.1% |
| Trade debts | 44 | €200 | - | -€200 | |
| Suppliers | 440/4 | €200 | - | -€200 | |
| Taxes, remuneration and social security | 45 | €11,775 | €9,340 | -€2,435 | -20.7% |
| Taxes | 450/3 | €11,775 | €9,340 | -€2,435 | -20.7% |
| Other amounts payable | 47/48 | €1,035 | €2,099 | +€1,064 | +102.9% |
| Non-recurring operating income | 76A | - | €7,241 | +€7,241 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,442 | €7,498 | +€2,056 | +37.8% |
| Other operating charges | 640/8 | €2,984 | €844 | -€2,140 | -71.7% |
| Non-recurring operating charges | 66A | - | €250 | +€250 | |
| Gross operating margin | 9900 | €75,971 | €107,531 | +€31,561 | +41.5% |
| Operating profit (loss) | 9901 | €67,544 | €98,939 | +€31,395 | +46.5% |
| Financial income | 75/76B | €38,597 | €4,720 | -€33,877 | -87.8% |
| Recurring financial income | 75 | €38,597 | €4,720 | -€33,877 | -87.8% |
| Financial charges | 65/66B | €112 | €13,252 | +€13,140 | +11758.7% |
| Recurring financial charges | 65 | €112 | €13,252 | +€13,140 | +11758.7% |
| Profit (loss) for the period before taxes | 9903 | €106,030 | €90,407 | -€15,622 | -14.7% |
| Income taxes | 67/77 | €23,874 | €26,984 | +€3,110 | +13.0% |
| Profit (loss) for the period | 9904 | €82,155 | €63,424 | -€18,732 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €82,155 | €63,424 | -€18,732 | -22.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.