KARBENN: 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.
KARBENN
Largest movements
- Receivables within one year -€50,044
down €50,044 (-93.5%), from €53,538 to €3,494
- Tangible fixed assets -€5,679
down €5,679 (-16.2%), from €35,005 to €29,326
of which Furniture and vehicles: -€7,706
- Cash -€4,460
down €4,460 (-43.3%), from €10,303 to €5,843
mainly Trade debts (-€28,274) and Other debts (-€20,252)
- Stocks and contracts +€3,983
up €3,983 (+4.2%), from €94,382 to €98,365
- Trade debts -€28,274
down €28,274 (-57.3%), from €49,360 to €21,086
- Other debts -€20,252
down €20,252 (-90.9%), from €22,278 to €2,026
- Tax, wage and social debts -€6,955
down €6,955 (-64.6%), from €10,773 to €3,817
of which Taxes: -€7,343
- Debts after one year -€6,617
down €6,617 (-9.5%), from €69,612 to €62,996
of which Financial debts: -€6,617
- Profit (loss) carried forward +€5,400
up €5,400 (+24.8%), from €21,769 to €27,169
- Gross operating margin -€12,831
down €12,831 (-29.3%), from €43,722 to €30,891
- Depreciation +€3,836
up €3,836 (+42.2%), from €9,088 to €12,925
- Taxes -€3,766
down €3,766 (-58.5%), from €6,437 to €2,670
- Financial charges +€1,713
up €1,713 (+45.6%), from €3,760 to €5,472
- Financial income +€1,521
up €1,521 (+85.5%), from €1,779 to €3,299
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 | €199,008 | €142,862 | -€56,146 | -28.2% |
| Fixed assets | 21/28 | €40,785 | €35,105 | -€5,679 | -13.9% |
| Tangible fixed assets | 22/27 | €35,005 | €29,326 | -€5,679 | -16.2% |
| Plant, machinery and equipment | 23 | €13,072 | €15,391 | +€2,319 | +17.7% |
| Furniture and vehicles | 24 | €21,128 | €13,422 | -€7,706 | -36.5% |
| Other tangible fixed assets | 26 | €804 | €512 | -€293 | -36.4% |
| Financial fixed assets | 28 | €5,779 | €5,779 | = | 0.0% |
| Current assets | 29/58 | €158,224 | €107,757 | -€50,466 | -31.9% |
| Stocks and contracts in progress | 3 | €94,382 | €98,365 | +€3,983 | +4.2% |
| Stocks | 30/36 | €94,382 | €98,365 | +€3,983 | +4.2% |
| Amounts receivable within one year | 40/41 | €53,538 | €3,494 | -€50,044 | -93.5% |
| Trade receivables | 40 | €53,538 | €3,494 | -€50,044 | -93.5% |
| Cash at bank and in hand | 54/58 | €10,303 | €5,843 | -€4,460 | -43.3% |
| Deferred charges and accrued income | 490/1 | - | €55 | +€55 | |
| Total equity and liabilities | 10/49 | €199,008 | €142,862 | -€56,146 | -28.2% |
| Equity | 10/15 | €40,369 | €45,769 | +€5,400 | +13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,769 | €27,169 | +€5,400 | +24.8% |
| Amounts payable | 17/49 | €158,639 | €97,093 | -€61,546 | -38.8% |
| Amounts payable after more than one year | 17 | €69,612 | €62,996 | -€6,617 | -9.5% |
| Financial debts | 170/4 | €15,112 | €8,496 | -€6,617 | -43.8% |
| Other amounts payable | 178/9 | €54,500 | €54,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €89,027 | €34,097 | -€54,929 | -61.7% |
| Current portion of amounts payable after more than one year | 42 | €6,617 | €7,168 | +€551 | +8.3% |
| Trade debts | 44 | €49,360 | €21,086 | -€28,274 | -57.3% |
| Suppliers | 440/4 | €49,360 | €21,086 | -€28,274 | -57.3% |
| Taxes, remuneration and social security | 45 | €10,773 | €3,817 | -€6,955 | -64.6% |
| Taxes | 450/3 | €10,773 | €3,430 | -€7,343 | -68.2% |
| Remuneration and social security | 454/9 | - | €388 | +€388 | |
| Other amounts payable | 47/48 | €22,278 | €2,026 | -€20,252 | -90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,088 | €12,925 | +€3,836 | +42.2% |
| Other operating charges | 640/8 | €7,203 | €7,723 | +€519 | +7.2% |
| Gross operating margin | 9900 | €43,722 | €30,891 | -€12,831 | -29.3% |
| Operating profit (loss) | 9901 | €27,430 | €10,243 | -€17,187 | -62.7% |
| Financial income | 75/76B | €1,779 | €3,299 | +€1,521 | +85.5% |
| Recurring financial income | 75 | €1,779 | €3,299 | +€1,521 | +85.5% |
| Financial charges | 65/66B | €3,760 | €5,472 | +€1,713 | +45.6% |
| Recurring financial charges | 65 | €3,760 | €5,472 | +€1,713 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | €25,449 | €8,071 | -€17,378 | -68.3% |
| Income taxes | 67/77 | €6,437 | €2,670 | -€3,766 | -58.5% |
| Profit (loss) for the period | 9904 | €19,012 | €5,400 | -€13,612 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,012 | €5,400 | -€13,612 | -71.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.