Karbodak: 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.
Karbodak
Largest movements
- Tangible fixed assets -€17,921
down €17,921 (-41.8%), from €42,887 to €24,965
of which Furniture and vehicles: -€16,234
- Deferred charges and accrued income -€1,673
down €1,673 (-86.5%), from €1,935 to €262
- Receivables within one year -€1,212
down €1,212 (-7.0%), from €17,205 to €15,993
of which Trade receivables: -€3,109
- Current portion of long-term debt -€11,246
down €11,246 (-57.3%), from €19,629 to €8,384
- Reserves -€11,093
down €11,093 (-87.4%), from €12,693 to €1,601
- Trade debts +€11,029
up €11,029 (+114%), from €9,644 to €20,673
- Debts after one year -€6,591
down €6,591 (-86.7%), from €7,599 to €1,007
- Other debts -€3,828
no longer reported in 2025 (was €3,828)
- Gross operating margin -€10,339
down €10,339 (-47.2%), from €21,905 to €11,566
- Depreciation -€1,923
down €1,923 (-12.2%), from €15,714 to €13,791
- Financial charges +€1,254
up €1,254 (+23.5%), from €5,335 to €6,590
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,527 | €42,720 | -€20,806 | -32.8% |
| Fixed assets | 21/28 | €42,887 | €24,965 | -€17,921 | -41.8% |
| Tangible fixed assets | 22/27 | €42,887 | €24,965 | -€17,921 | -41.8% |
| Plant, machinery and equipment | 23 | €4,450 | €2,763 | -€1,687 | -37.9% |
| Furniture and vehicles | 24 | €38,436 | €22,202 | -€16,234 | -42.2% |
| Current assets | 29/58 | €20,640 | €17,755 | -€2,885 | -14.0% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,205 | €15,993 | -€1,212 | -7.0% |
| Trade receivables | 40 | €15,905 | €12,796 | -€3,109 | -19.5% |
| Other amounts receivable | 41 | €1,300 | €3,197 | +€1,897 | +146% |
| Deferred charges and accrued income | 490/1 | €1,935 | €262 | -€1,673 | -86.5% |
| Total equity and liabilities | 10/49 | €63,527 | €42,720 | -€20,806 | -32.8% |
| Equity | 10/15 | €18,893 | €7,801 | -€11,093 | -58.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,693 | €1,601 | -€11,093 | -87.4% |
| Distributable reserves | 133 | €12,693 | €1,601 | -€11,093 | -87.4% |
| Amounts payable | 17/49 | €44,633 | €34,920 | -€9,714 | -21.8% |
| Amounts payable after more than one year | 17 | €7,599 | €1,007 | -€6,591 | -86.7% |
| Financial debts | 170/4 | €7,599 | €1,007 | -€6,591 | -86.7% |
| Amounts payable within one year | 42/48 | €37,034 | €33,912 | -€3,122 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €19,629 | €8,384 | -€11,246 | -57.3% |
| Financial debts | 43 | €3,794 | €4,714 | +€921 | +24.3% |
| Credit institutions | 430/8 | €3,794 | €4,714 | +€921 | +24.3% |
| Trade debts | 44 | €9,644 | €20,673 | +€11,029 | +114% |
| Suppliers | 440/4 | €9,644 | €20,673 | +€11,029 | +114% |
| Taxes, remuneration and social security | 45 | €140 | €141 | +€1 | +1.0% |
| Taxes | 450/3 | €140 | €141 | +€1 | +1.0% |
| Other amounts payable | 47/48 | €3,828 | - | -€3,828 | |
| Non-recurring operating income | 76A | €4,819 | €8,342 | +€3,523 | +73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,714 | €13,791 | -€1,923 | -12.2% |
| Other operating charges | 640/8 | €553 | €528 | -€25 | -4.6% |
| Non-recurring operating charges | 66A | - | €1,613 | +€1,613 | |
| Gross operating margin | 9900 | €21,905 | €11,566 | -€10,339 | -47.2% |
| Operating profit (loss) | 9901 | €5,638 | -€4,365 | -€10,004 | |
| Financial income | 75/76B | €0 | €4 | +€4 | +9,275% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +9,275% |
| Financial charges | 65/66B | €5,335 | €6,590 | +€1,254 | +23.5% |
| Recurring financial charges | 65 | €5,335 | €6,590 | +€1,254 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €303 | -€10,952 | -€11,254 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €163 | -€11,093 | -€11,256 | |
| Profit (loss) for the period to be appropriated | 9905 | €163 | -€11,093 | -€11,256 |
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 13 October 2026 via checked.be.