KAREX-SERVICE: 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.
KAREX-SERVICE
Largest movements
- Receivables after one year -€10,667
down €10,667 (-11.1%), from €96,000 to €85,333
- Receivables within one year +€4,732
up €4,732 (+5.4%), from €86,983 to €91,715
of which Other amounts receivable: +€9,226
- Cash -€1,876
down €1,876 (-87.5%), from €2,144 to €268
mainly Other debts (-€20,500) and Trade debts (-€12,130)
- Other debts -€20,500
no longer reported in 2024 (was €20,500)
- Trade debts -€12,130
down €12,130 (-86.1%), from €14,088 to €1,958
- Tax, wage and social debts +€8,870
up €8,870 (+123%), from €7,217 to €16,087
- Reserves +€8,543
up €8,543 (+12.0%), from €71,185 to €79,728
of which Distributable reserves: +€10,403
- Short-term financial debts +€7,022
up €7,022 (+13.3%), from €52,950 to €59,972
- Gross operating margin -€8,789
down €8,789 (-40.3%), from €21,810 to €13,020
- Taxes +€3,152
up €3,152 (+313%), from €1,006 to €4,158
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €186,164 | €178,001 | -€8,163 | -4.4% |
| Fixed assets | 21/28 | €1,036 | €684 | -€352 | -34.0% |
| Tangible fixed assets | 22/27 | €1,006 | €654 | -€352 | -35.0% |
| Plant, machinery and equipment | 23 | €1,006 | €654 | -€352 | -35.0% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €185,128 | €177,317 | -€7,811 | -4.2% |
| Amounts receivable after more than one year | 29 | €96,000 | €85,333 | -€10,667 | -11.1% |
| Other amounts receivable | 291 | €96,000 | €85,333 | -€10,667 | -11.1% |
| Amounts receivable within one year | 40/41 | €86,983 | €91,715 | +€4,732 | +5.4% |
| Trade receivables | 40 | €8,041 | €3,547 | -€4,494 | -55.9% |
| Other amounts receivable | 41 | €78,943 | €88,168 | +€9,226 | +11.7% |
| Cash at bank and in hand | 54/58 | €2,144 | €268 | -€1,876 | -87.5% |
| Total equity and liabilities | 10/49 | €186,164 | €178,001 | -€8,163 | -4.4% |
| Equity | 10/15 | €89,785 | €98,328 | +€8,543 | +9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,185 | €79,728 | +€8,543 | +12.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €69,325 | €79,728 | +€10,403 | +15.0% |
| Amounts payable | 17/49 | €96,379 | €79,672 | -€16,706 | -17.3% |
| Amounts payable within one year | 42/48 | €94,755 | €78,017 | -€16,737 | -17.7% |
| Financial debts | 43 | €52,950 | €59,972 | +€7,022 | +13.3% |
| Credit institutions | 430/8 | €52,950 | €59,972 | +€7,022 | +13.3% |
| Trade debts | 44 | €14,088 | €1,958 | -€12,130 | -86.1% |
| Suppliers | 440/4 | €14,088 | €1,958 | -€12,130 | -86.1% |
| Taxes, remuneration and social security | 45 | €7,217 | €16,087 | +€8,870 | +123% |
| Taxes | 450/3 | €7,217 | €16,087 | +€8,870 | +123% |
| Other amounts payable | 47/48 | €20,500 | - | -€20,500 | |
| Accrued charges and deferred income | 492/3 | €1,624 | €1,655 | +€31 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €352 | €352 | = | 0.0% |
| Other operating charges | 640/8 | €617 | €723 | +€106 | +17.2% |
| Non-recurring operating charges | 66A | - | €88 | +€88 | |
| Gross operating margin | 9900 | €21,810 | €13,020 | -€8,789 | -40.3% |
| Operating profit (loss) | 9901 | €20,840 | €11,857 | -€8,984 | -43.1% |
| Financial income | 75/76B | €7,596 | €7,572 | -€24 | -0.3% |
| Recurring financial income | 75 | €7,596 | €7,572 | -€24 | -0.3% |
| Financial charges | 65/66B | €6,724 | €6,728 | +€3 | +0.1% |
| Recurring financial charges | 65 | €6,724 | €6,728 | +€3 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €21,712 | €12,701 | -€9,011 | -41.5% |
| Income taxes | 67/77 | €1,006 | €4,158 | +€3,152 | +313% |
| Profit (loss) for the period | 9904 | €20,706 | €8,543 | -€12,163 | -58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,706 | €8,543 | -€12,163 | -58.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.