KAREN UVIN: what changed
KAREN UVIN
Largest movements
- Tangible fixed assets +€39,925
up €39,925 (+235%), from €16,959 to €56,883
of which Furniture and vehicles: +€39,278
- Cash -€5,973
down €5,973 (-32.2%), from €18,560 to €12,587
mainly Investment in fixed assets (net) (-€51,399) and Other debts (-€11,711)
- Receivables within one year -€1,387
down €1,387 (-36.6%), from €3,792 to €2,405
- Deferred charges and accrued income +€1,353
up €1,353 (+12.9%), from €10,521 to €11,874
- Debts after one year +€19,962
up €19,962 (+295%), from €6,764 to €26,726
- Reserves +€17,500
up €17,500 (+350%), from €5,000 to €22,500
- Other debts -€11,711
down €11,711 (-95.6%), from €12,249 to €538
- Current portion of long-term debt +€7,868
up €7,868 (+178%), from €4,426 to €12,295
- Tax, wage and social debts +€975
up €975 (+536%), from €182 to €1,157
- Depreciation +€6,234
up €6,234 (+119%), from €5,241 to €11,474
- Gross operating margin +€4,456
up €4,456 (+12.6%), from €35,497 to €39,953
- Other operating charges +€3,472
up €3,472 (+684%), from €508 to €3,980
- Financial charges +€727
up €727 (+106%), from €687 to €1,415
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,832 | €83,749 | +€33,918 | +68.1% |
| Fixed assets | 21/28 | €16,959 | €56,883 | +€39,925 | +235% |
| Tangible fixed assets | 22/27 | €16,959 | €56,883 | +€39,925 | +235% |
| Plant, machinery and equipment | 23 | €535 | €1,181 | +€646 | +121% |
| Furniture and vehicles | 24 | €16,424 | €55,702 | +€39,278 | +239% |
| Current assets | 29/58 | €32,873 | €26,866 | -€6,007 | -18.3% |
| Amounts receivable within one year | 40/41 | €3,792 | €2,405 | -€1,387 | -36.6% |
| Trade receivables | 40 | €3,792 | €2,405 | -€1,387 | -36.6% |
| Cash at bank and in hand | 54/58 | €18,560 | €12,587 | -€5,973 | -32.2% |
| Deferred charges and accrued income | 490/1 | €10,521 | €11,874 | +€1,353 | +12.9% |
| Total equity and liabilities | 10/49 | €49,832 | €83,749 | +€33,918 | +68.1% |
| Equity | 10/15 | €25,879 | €42,588 | +€16,709 | +64.6% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €5,000 | €22,500 | +€17,500 | +350% |
| Distributable reserves | 133 | €5,000 | €22,500 | +€17,500 | +350% |
| Profit (loss) carried forward | 14 | €13,379 | €12,588 | -€791 | -5.9% |
| Amounts payable | 17/49 | €23,953 | €41,161 | +€17,209 | +71.8% |
| Amounts payable after more than one year | 17 | €6,764 | €26,726 | +€19,962 | +295% |
| Financial debts | 170/4 | €6,764 | €26,726 | +€19,962 | +295% |
| Amounts payable within one year | 42/48 | €17,188 | €14,435 | -€2,754 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €4,426 | €12,295 | +€7,868 | +178% |
| Trade debts | 44 | €331 | €445 | +€114 | +34.6% |
| Suppliers | 440/4 | €331 | €445 | +€114 | +34.6% |
| Taxes, remuneration and social security | 45 | €182 | €1,157 | +€975 | +536% |
| Taxes | 450/3 | €182 | €1,157 | +€975 | +536% |
| Other amounts payable | 47/48 | €12,249 | €538 | -€11,711 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,241 | €11,474 | +€6,234 | +119% |
| Other operating charges | 640/8 | €508 | €3,980 | +€3,472 | +684% |
| Gross operating margin | 9900 | €35,497 | €39,953 | +€4,456 | +12.6% |
| Operating profit (loss) | 9901 | €29,748 | €24,499 | -€5,249 | -17.6% |
| Financial charges | 65/66B | €687 | €1,415 | +€727 | +106% |
| Recurring financial charges | 65 | €687 | €1,415 | +€727 | +106% |
| Profit (loss) for the period before taxes | 9903 | €29,061 | €23,084 | -€5,977 | -20.6% |
| Income taxes | 67/77 | €6,682 | €6,375 | -€307 | -4.6% |
| Profit (loss) for the period | 9904 | €22,379 | €16,709 | -€5,670 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,379 | €16,709 | -€5,670 | -25.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.