KAREL PINXTEN: 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.
KAREL PINXTEN
Largest movements
- Current investments +€25,000
up €25,000 (+25.0%), from €100,000 to €125,000
- Tangible fixed assets +€20,744
up €20,744 (+7,469%), from €278 to €21,022
- Financial fixed assets +€17,543
new in 2025: €17,543
- Cash -€12,843
down €12,843 (-15.7%), from €81,648 to €68,805
mainly Contributions, distributions and other (-€205,386) and Investment in fixed assets (net) (-€44,555)
- Receivables within one year +€4,053
new in 2025: €4,053
of which Other amounts receivable: +€2,819
- Other debts +€52,322
up €52,322 (+34.2%), from €153,064 to €205,386
- Gross operating margin +€144,391
up €144,391 (+104%), from €138,391 to €282,782
- Taxes +€35,706
up €35,706 (+112%), from €31,963 to €67,669
- Depreciation +€5,788
up €5,788 (+1,207%), from €480 to €6,268
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 | €182,136 | €236,753 | +€54,617 | +30.0% |
| Fixed assets | 21/28 | €278 | €38,565 | +€38,287 | +13,785% |
| Tangible fixed assets | 22/27 | €278 | €21,022 | +€20,744 | +7,469% |
| Furniture and vehicles | 24 | €278 | €21,022 | +€20,744 | +7,469% |
| Financial fixed assets | 28 | - | €17,543 | +€17,543 | |
| Current assets | 29/58 | €181,858 | €198,188 | +€16,330 | +9.0% |
| Amounts receivable within one year | 40/41 | - | €4,053 | +€4,053 | |
| Trade receivables | 40 | - | €1,234 | +€1,234 | |
| Other amounts receivable | 41 | - | €2,819 | +€2,819 | |
| Current investments | 50/53 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €81,648 | €68,805 | -€12,843 | -15.7% |
| Deferred charges and accrued income | 490/1 | €210 | €330 | +€120 | +57.1% |
| Total equity and liabilities | 10/49 | €182,136 | €236,753 | +€54,617 | +30.0% |
| Equity | 10/15 | €15,000 | €15,000 | = | 0.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €167,136 | €221,753 | +€54,617 | +32.7% |
| Amounts payable within one year | 42/48 | €167,136 | €221,753 | +€54,617 | +32.7% |
| Trade debts | 44 | €330 | €2,000 | +€1,669 | +505% |
| Suppliers | 440/4 | €330 | €2,000 | +€1,669 | +505% |
| Taxes, remuneration and social security | 45 | €13,742 | €14,367 | +€625 | +4.6% |
| Taxes | 450/3 | €13,742 | €14,367 | +€625 | +4.6% |
| Other amounts payable | 47/48 | €153,064 | €205,386 | +€52,322 | +34.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €480 | €6,268 | +€5,788 | +1,207% |
| Other operating charges | 640/8 | €2,085 | €3,357 | +€1,272 | +61.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €138,391 | €282,782 | +€144,391 | +104% |
| Operating profit (loss) | 9901 | €135,826 | €273,157 | +€137,331 | +101% |
| Financial income | 75/76B | €2,703 | €2 | -€2,701 | -99.9% |
| Recurring financial income | 75 | €2,703 | €2 | -€2,701 | -99.9% |
| Financial charges | 65/66B | €166 | €105 | -€61 | -36.9% |
| Recurring financial charges | 65 | €166 | €105 | -€61 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €138,364 | €273,055 | +€134,691 | +97.3% |
| Income taxes | 67/77 | €31,963 | €67,669 | +€35,706 | +112% |
| Profit (loss) for the period | 9904 | €106,401 | €205,386 | +€98,985 | +93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €106,401 | €205,386 | +€98,985 | +93.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.