KARFOER4U: 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.
KARFOER4U
Largest movements
- Receivables within one year -€38,611
down €38,611 (-100%), from €38,611 to €0
of which Trade receivables: -€37,896
- Cash -€23,672
down €23,672 (-39.1%), from €60,478 to €36,807
mainly Other debts (-€65,000) and Accrued charges and deferred income (-€38,870)
- Tangible fixed assets -€10,118
down €10,118 (-16.0%), from €63,302 to €53,184
- Other debts -€65,000
down €65,000 (-99.6%), from €65,233 to €233
- Debts after one year +€46,447
up €46,447 (+124%), from €37,470 to €83,918
of which Other amounts payable: +€65,000
- Accrued charges and deferred income -€38,870
no longer reported in 2025 (was €38,870)
- Profit (loss) carried forward -€27,788
down €27,788, from €4,017 to -€23,771
- Trade debts +€10,264
up €10,264 (+4,139%), from €248 to €10,512
- Gross operating margin -€55,999
down €55,999 (-20.6%), from €272,030 to €216,031
- Staff costs +€7,061
up €7,061 (+3.3%), from €211,950 to €219,012
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 | €189,195 | €115,778 | -€73,416 | -38.8% |
| Fixed assets | 21/28 | €70,584 | €60,465 | -€10,118 | -14.3% |
| Tangible fixed assets | 22/27 | €63,302 | €53,184 | -€10,118 | -16.0% |
| Land and buildings | 22 | €23,911 | €19,533 | -€4,378 | -18.3% |
| Plant, machinery and equipment | 23 | €36,217 | €32,792 | -€3,426 | -9.5% |
| Furniture and vehicles | 24 | €1,965 | €759 | -€1,206 | -61.4% |
| Other tangible fixed assets | 26 | €1,209 | €100 | -€1,109 | -91.7% |
| Financial fixed assets | 28 | €7,281 | €7,281 | = | 0.0% |
| Current assets | 29/58 | €118,611 | €55,313 | -€63,298 | -53.4% |
| Stocks and contracts in progress | 3 | €16,977 | €16,271 | -€706 | -4.2% |
| Stocks | 30/36 | €16,977 | €16,271 | -€706 | -4.2% |
| Amounts receivable within one year | 40/41 | €38,611 | €0 | -€38,611 | -100% |
| Trade receivables | 40 | €37,896 | €0 | -€37,896 | -100% |
| Other amounts receivable | 41 | €714 | €0 | -€714 | -100% |
| Cash at bank and in hand | 54/58 | €60,478 | €36,807 | -€23,672 | -39.1% |
| Deferred charges and accrued income | 490/1 | €2,545 | €2,235 | -€310 | -12.2% |
| Total equity and liabilities | 10/49 | €189,195 | €115,778 | -€73,416 | -38.8% |
| Equity | 10/15 | €9,017 | -€18,771 | -€27,788 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,017 | -€23,771 | -€27,788 | |
| Amounts payable | 17/49 | €180,178 | €134,549 | -€45,629 | -25.3% |
| Amounts payable after more than one year | 17 | €37,470 | €83,918 | +€46,447 | +124% |
| Financial debts | 170/4 | €37,470 | €18,918 | -€18,553 | -49.5% |
| Other amounts payable | 178/9 | - | €65,000 | +€65,000 | |
| Amounts payable within one year | 42/48 | €103,838 | €50,632 | -€53,207 | -51.2% |
| Current portion of amounts payable after more than one year | 42 | €18,195 | €18,553 | +€358 | +2.0% |
| Trade debts | 44 | €248 | €10,512 | +€10,264 | +4,139% |
| Suppliers | 440/4 | €248 | €10,512 | +€10,264 | +4,139% |
| Taxes, remuneration and social security | 45 | €20,163 | €21,335 | +€1,172 | +5.8% |
| Taxes | 450/3 | €6,209 | €6,520 | +€312 | +5.0% |
| Remuneration and social security | 454/9 | €13,954 | €14,814 | +€860 | +6.2% |
| Other amounts payable | 47/48 | €65,233 | €233 | -€65,000 | -99.6% |
| Accrued charges and deferred income | 492/3 | €38,870 | - | -€38,870 | |
| Remuneration, social security and pensions | 62 | €211,950 | €219,012 | +€7,061 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,582 | €18,189 | -€394 | -2.1% |
| Other operating charges | 640/8 | €3,029 | €2,291 | -€738 | -24.4% |
| Non-recurring operating charges | 66A | - | €53 | +€53 | |
| Gross operating margin | 9900 | €272,030 | €216,031 | -€55,999 | -20.6% |
| Operating profit (loss) | 9901 | €38,468 | -€23,513 | -€61,981 | |
| Financial income | 75/76B | €390 | €284 | -€106 | -27.2% |
| Recurring financial income | 75 | €390 | €284 | -€106 | -27.2% |
| Financial charges | 65/66B | €4,787 | €4,558 | -€228 | -4.8% |
| Recurring financial charges | 65 | €4,787 | €4,558 | -€228 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €34,071 | -€27,788 | -€61,859 | |
| Income taxes | 67/77 | €131 | €0 | -€131 | -100% |
| Profit (loss) for the period | 9904 | €33,941 | -€27,788 | -€61,728 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,941 | -€27,788 | -€61,728 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.