KARG: 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.
KARG
Largest movements
- Cash -€11,759
down €11,759 (-28.2%), from €41,730 to €29,971
mainly Tax, wage and social debts (-€3,999) and Receivables within one year (-€3,733)
- Receivables within one year +€3,733
up €3,733 (+7.3%), from €50,933 to €54,666
of which Other amounts receivable: +€8,279
- Tax, wage and social debts -€3,999
no longer reported in 2024 (was €3,999)
- Trade debts -€3,431
down €3,431 (-40.3%), from €8,517 to €5,087
- Gross operating margin -€33,754
down €33,754 (-90.1%), from €37,479 to €3,725
- Taxes -€6,076
down €6,076 (-81.2%), from €7,480 to €1,404
- Financial income +€2,325
up €2,325 (+347.6%), from €669 to €2,993
- Financial charges +€451
up €451 (+31.3%), from €1,441 to €1,892
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
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 | €107,789 | €100,091 | -€7,698 | -7.1% |
| Fixed assets | 21/28 | €12,291 | €11,911 | -€380 | -3.1% |
| Tangible fixed assets | 22/27 | €12,291 | €11,911 | -€380 | -3.1% |
| Land and buildings | 22 | €11,186 | €9,579 | -€1,607 | -14.4% |
| Plant, machinery and equipment | 23 | €1,105 | €428 | -€677 | -61.3% |
| Furniture and vehicles | 24 | - | €1,904 | +€1,904 | |
| Current assets | 29/58 | €95,498 | €88,180 | -€7,318 | -7.7% |
| Amounts receivable within one year | 40/41 | €50,933 | €54,666 | +€3,733 | +7.3% |
| Trade receivables | 40 | €13,106 | €8,560 | -€4,546 | -34.7% |
| Other amounts receivable | 41 | €37,827 | €46,106 | +€8,279 | +21.9% |
| Cash at bank and in hand | 54/58 | €41,730 | €29,971 | -€11,759 | -28.2% |
| Deferred charges and accrued income | 490/1 | €2,836 | €3,543 | +€708 | +25.0% |
| Total equity and liabilities | 10/49 | €107,789 | €100,091 | -€7,698 | -7.1% |
| Equity | 10/15 | €95,272 | €95,004 | -€268 | -0.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,272 | €85,004 | -€268 | -0.3% |
| Amounts payable | 17/49 | €12,517 | €5,087 | -€7,430 | -59.4% |
| Amounts payable within one year | 42/48 | €12,517 | €5,087 | -€7,430 | -59.4% |
| Trade debts | 44 | €8,517 | €5,087 | -€3,431 | -40.3% |
| Suppliers | 440/4 | €8,517 | €5,087 | -€3,431 | -40.3% |
| Taxes, remuneration and social security | 45 | €3,999 | - | -€3,999 | |
| Taxes | 450/3 | €3,999 | - | -€3,999 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,322 | €2,325 | +€3 | +0.1% |
| Other operating charges | 640/8 | €1,580 | €1,366 | -€214 | -13.6% |
| Gross operating margin | 9900 | €37,479 | €3,725 | -€33,754 | -90.1% |
| Operating profit (loss) | 9901 | €33,577 | €35 | -€33,543 | -99.9% |
| Financial income | 75/76B | €669 | €2,993 | +€2,325 | +347.6% |
| Recurring financial income | 75 | €669 | €2,993 | +€2,325 | +347.6% |
| Financial charges | 65/66B | €1,441 | €1,892 | +€451 | +31.3% |
| Recurring financial charges | 65 | €1,441 | €1,892 | +€451 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | €32,805 | €1,136 | -€31,669 | -96.5% |
| Income taxes | 67/77 | €7,480 | €1,404 | -€6,076 | -81.2% |
| Profit (loss) for the period | 9904 | €25,325 | -€268 | -€25,593 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,325 | -€268 | -€25,593 |
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 29 September 2026 via checked.be.