KARFIL: what changed
Two fiscal 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.
KARFIL
Largest movements
- Receivables within one year +€40,387
up €40,387 (+447.4%), from €9,028 to €49,415
of which Trade receivables: +€39,945
- Stocks and contracts +€14,163
new in 2024: €14,163
- Tangible fixed assets -€4,967
down €4,967 (-26.1%), from €19,003 to €14,035
of which Land and buildings: -€2,875
- Other debts +€72,142
up €72,142 (+235.8%), from €30,597 to €102,739
- Profit (loss) carried forward -€61,480
down €61,480 (-101.4%), from -€60,649 to -€122,129
- Advances received +€28,385
new in 2024: €28,385
- Trade debts +€15,478
up €15,478 (+69.2%), from €22,367 to €37,845
- Tax, wage and social debts -€4,853
down €4,853 (-25.7%), from €18,892 to €14,038
of which Taxes: -€5,553
- Other operating charges +€1,333
up €1,333 (+190.4%), from €700 to €2,033
- Staff costs +€698
up €698 (+2.1%), from €33,956 to €34,654
- Gross operating margin +€672
up €672 (+3.6%), from -€18,775 to -€18,103
- Financial charges +€348
up €348 (+53.4%), from €652 to €1,001
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,805 | €78,237 | +€49,432 | +171.6% |
| Fixed assets | 21/28 | €19,003 | €14,035 | -€4,967 | -26.1% |
| Tangible fixed assets | 22/27 | €19,003 | €14,035 | -€4,967 | -26.1% |
| Land and buildings | 22 | €5,125 | €2,251 | -€2,875 | -56.1% |
| Plant, machinery and equipment | 23 | €1,180 | €521 | -€658 | -55.8% |
| Furniture and vehicles | 24 | €12,698 | €11,264 | -€1,434 | -11.3% |
| Current assets | 29/58 | €9,803 | €64,202 | +€54,399 | +555.0% |
| Stocks and contracts in progress | 3 | - | €14,163 | +€14,163 | |
| Stocks | 30/36 | - | €14,163 | +€14,163 | |
| Amounts receivable within one year | 40/41 | €9,028 | €49,415 | +€40,387 | +447.4% |
| Trade receivables | 40 | €7,882 | €47,828 | +€39,945 | +506.8% |
| Other amounts receivable | 41 | €1,145 | €1,587 | +€442 | +38.6% |
| Deferred charges and accrued income | 490/1 | €775 | €624 | -€151 | -19.5% |
| Total equity and liabilities | 10/49 | €28,805 | €78,237 | +€49,432 | +171.6% |
| Equity | 10/15 | -€44,449 | -€105,929 | -€61,480 | -138.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,649 | -€122,129 | -€61,480 | -101.4% |
| Amounts payable | 17/49 | €73,254 | €184,166 | +€110,913 | +151.4% |
| Amounts payable within one year | 42/48 | €73,254 | €184,166 | +€110,913 | +151.4% |
| Financial debts | 43 | €1,398 | €1,159 | -€240 | -17.1% |
| Other loans | 439 | €1,398 | €1,159 | -€240 | -17.1% |
| Trade debts | 44 | €22,367 | €37,845 | +€15,478 | +69.2% |
| Suppliers | 440/4 | €22,367 | €37,845 | +€15,478 | +69.2% |
| Advances received on contracts in progress | 46 | - | €28,385 | +€28,385 | |
| Taxes, remuneration and social security | 45 | €18,892 | €14,038 | -€4,853 | -25.7% |
| Taxes | 450/3 | €8,656 | €3,103 | -€5,553 | -64.2% |
| Remuneration and social security | 454/9 | €10,236 | €10,935 | +€699 | +6.8% |
| Other amounts payable | 47/48 | €30,597 | €102,739 | +€72,142 | +235.8% |
| Remuneration, social security and pensions | 62 | €33,956 | €34,654 | +€698 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,967 | €4,967 | +€0 | 0.0% |
| Other operating charges | 640/8 | €700 | €2,033 | +€1,333 | +190.4% |
| Gross operating margin | 9900 | -€18,775 | -€18,103 | +€672 | +3.6% |
| Operating profit (loss) | 9901 | -€58,398 | -€59,757 | -€1,359 | -2.3% |
| Financial charges | 65/66B | €652 | €1,001 | +€348 | +53.4% |
| Recurring financial charges | 65 | €652 | €1,001 | +€348 | +53.4% |
| Profit (loss) for the period before taxes | 9903 | -€59,050 | -€60,758 | -€1,707 | -2.9% |
| Income taxes | 67/77 | €786 | €722 | -€64 | -8.1% |
| Profit (loss) for the period | 9904 | -€59,837 | -€61,480 | -€1,644 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,837 | -€61,480 | -€1,644 | -2.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.