KarBon Management: 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.
KarBon Management
Largest movements
- Deferred charges and accrued income +€43,719
up €43,719 (+3,642%), from €1,200 to €44,919
- Cash -€10,415
down €10,415 (-54.9%), from €18,982 to €8,567
mainly Contributions, distributions and other (-€59,461) and Deferred charges and accrued income (-€43,719)
- Receivables within one year -€7,141
down €7,141 (-8.1%), from €88,180 to €81,039
of which Other amounts receivable: -€21,774
- Trade debts +€47,351
up €47,351 (+1,484%), from €3,190 to €50,541
- Reserves -€14,000
down €14,000 (-34.1%), from €41,092 to €27,092
- Tax, wage and social debts -€13,936
down €13,936 (-42.9%), from €32,490 to €18,554
- Other debts +€6,379
up €6,379 (+19.8%), from €32,263 to €38,642
- Debts after one year -€3,117
down €3,117 (-24.5%), from €12,734 to €9,617
- Gross operating margin +€10,119
up €10,119 (+19.6%), from €51,508 to €61,626
- Taxes +€1,285
up €1,285 (+11.0%), from €11,734 to €13,020
- Financial charges +€1,080
up €1,080 (+217%), from €497 to €1,577
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 | €127,750 | €153,262 | +€25,512 | +20.0% |
| Fixed assets | 21/28 | €19,387 | €18,737 | -€650 | -3.4% |
| Tangible fixed assets | 22/27 | €19,387 | €18,737 | -€650 | -3.4% |
| Land and buildings | 22 | €19,387 | €18,737 | -€650 | -3.4% |
| Current assets | 29/58 | €108,363 | €134,525 | +€26,162 | +24.1% |
| Amounts receivable within one year | 40/41 | €88,180 | €81,039 | -€7,141 | -8.1% |
| Trade receivables | 40 | €45,141 | €59,774 | +€14,633 | +32.4% |
| Other amounts receivable | 41 | €43,039 | €21,265 | -€21,774 | -50.6% |
| Cash at bank and in hand | 54/58 | €18,982 | €8,567 | -€10,415 | -54.9% |
| Deferred charges and accrued income | 490/1 | €1,200 | €44,919 | +€43,719 | +3,642% |
| Total equity and liabilities | 10/49 | €127,750 | €153,262 | +€25,512 | +20.0% |
| Equity | 10/15 | €44,092 | €30,092 | -€14,000 | -31.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €41,092 | €27,092 | -€14,000 | -34.1% |
| Distributable reserves | 133 | €41,092 | €27,092 | -€14,000 | -34.1% |
| Amounts payable | 17/49 | €83,658 | €123,170 | +€39,512 | +47.2% |
| Amounts payable after more than one year | 17 | €12,734 | €9,617 | -€3,117 | -24.5% |
| Financial debts | 170/4 | €12,734 | €9,617 | -€3,117 | -24.5% |
| Amounts payable within one year | 42/48 | €70,924 | €113,553 | +€42,628 | +60.1% |
| Current portion of amounts payable after more than one year | 42 | €2,982 | €5,816 | +€2,834 | +95.0% |
| Trade debts | 44 | €3,190 | €50,541 | +€47,351 | +1,484% |
| Suppliers | 440/4 | €3,190 | €50,541 | +€47,351 | +1,484% |
| Taxes, remuneration and social security | 45 | €32,490 | €18,554 | -€13,936 | -42.9% |
| Taxes | 450/3 | €32,490 | €18,554 | -€13,936 | -42.9% |
| Other amounts payable | 47/48 | €32,263 | €38,642 | +€6,379 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315 | €650 | +€336 | +107% |
| Other operating charges | 640/8 | €1,302 | €922 | -€380 | -29.2% |
| Gross operating margin | 9900 | €51,508 | €61,626 | +€10,119 | +19.6% |
| Operating profit (loss) | 9901 | €49,891 | €60,054 | +€10,163 | +20.4% |
| Financial income | 75/76B | €296 | €4 | -€293 | -98.8% |
| Recurring financial income | 75 | €296 | €4 | -€293 | -98.8% |
| Financial charges | 65/66B | €497 | €1,577 | +€1,080 | +217% |
| Recurring financial charges | 65 | €497 | €1,577 | +€1,080 | +217% |
| Profit (loss) for the period before taxes | 9903 | €49,691 | €58,481 | +€8,790 | +17.7% |
| Income taxes | 67/77 | €11,734 | €13,020 | +€1,285 | +11.0% |
| Profit (loss) for the period | 9904 | €37,956 | €45,461 | +€7,505 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,956 | €45,461 | +€7,505 | +19.8% |
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 23 October 2026 via checked.be.