KARBONKEL: 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.
KARBONKEL
Largest movements
- Cash +€9,365
up €9,365 (+18.6%), from €50,230 to €59,595
mainly Net result for the year (+€8,113) and Depreciation (+€985)
- Reserves +€8,113
up €8,113 (+17.3%), from €46,808 to €54,921
- Gross operating margin -€5,555
down €5,555 (-32.9%), from €16,910 to €11,355
- Depreciation -€3,251
down €3,251 (-76.7%), from €4,236 to €985
- Financial income +€3,029
up €3,029 (+1,377%), from €220 to €3,249
- Taxes +€1,995
up €1,995 (+246%), from €810 to €2,805
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 | €225,308 | €233,426 | +€8,118 | +3.6% |
| Fixed assets | 21/28 | €114,707 | €113,722 | -€985 | -0.9% |
| Tangible fixed assets | 22/27 | €114,707 | €113,722 | -€985 | -0.9% |
| Land and buildings | 22 | €114,707 | €113,722 | -€985 | -0.9% |
| Current assets | 29/58 | €110,601 | €119,704 | +€9,103 | +8.2% |
| Amounts receivable within one year | 40/41 | €6,726 | €6,463 | -€263 | -3.9% |
| Other amounts receivable | 41 | €6,726 | €6,463 | -€263 | -3.9% |
| Current investments | 50/53 | €53,645 | €53,646 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €50,230 | €59,595 | +€9,365 | +18.6% |
| Total equity and liabilities | 10/49 | €225,308 | €233,426 | +€8,118 | +3.6% |
| Equity | 10/15 | €225,308 | €233,421 | +€8,113 | +3.6% |
| Contributions | 10/11 | €178,500 | €178,500 | = | 0.0% |
| Reserves | 13 | €46,808 | €54,921 | +€8,113 | +17.3% |
| Distributable reserves | 133 | €46,808 | €54,921 | +€8,113 | +17.3% |
| Amounts payable | 17/49 | - | €5 | +€5 | |
| Amounts payable within one year | 42/48 | - | €5 | +€5 | |
| Trade debts | 44 | - | €5 | +€5 | |
| Suppliers | 440/4 | - | €5 | +€5 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,236 | €985 | -€3,251 | -76.7% |
| Other operating charges | 640/8 | €2,563 | €2,641 | +€78 | +3.0% |
| Gross operating margin | 9900 | €16,910 | €11,355 | -€5,555 | -32.9% |
| Operating profit (loss) | 9901 | €10,111 | €7,729 | -€2,382 | -23.6% |
| Financial income | 75/76B | €220 | €3,249 | +€3,029 | +1,377% |
| Recurring financial income | 75 | €220 | €3,249 | +€3,029 | +1,377% |
| Financial charges | 65/66B | €60 | €60 | = | 0.0% |
| Recurring financial charges | 65 | €60 | €60 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €10,271 | €10,918 | +€647 | +6.3% |
| Income taxes | 67/77 | €810 | €2,805 | +€1,995 | +246% |
| Profit (loss) for the period | 9904 | €9,461 | €8,113 | -€1,348 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,461 | €8,113 | -€1,348 | -14.2% |
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 16 October 2026 via checked.be.