KARJAN: what changed
What changed
KARJAN
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€94,132
2024 · €55,256+€38,875
Equity
€294,345
2024 · €200,213+€94,132
Cash
€166,253
2024 · €123,591+€42,662
Balance sheet total
€1.4m
2024 · €1.6m-€156,129
Largest movements
Assets
- Current investments -€101,000
down €101,000 (-100%), from €101,000 to €0
- Tangible fixed assets -€98,725
down €98,725 (-7.4%), from €1.3m to €1.2m
of which Land and buildings: -€92,721
- Cash +€42,662
up €42,662 (+34.5%), from €123,591 to €166,253
mainly Current investments (+€101,000) and Depreciation (+€98,725)
Equity and liabilities
- Other debts -€250,000
down €250,000 (-18.5%), from €1.4m to €1.1m
- Profit (loss) carried forward +€94,132
up €94,132 (+13.0%), from -€726,529 to -€632,398
Income statement
- Gross operating margin +€37,870
up €37,870 (+22.0%), from €172,090 to €209,960
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.
Result 2024
€55,256
Gross operating margin
+€37,870
Depreciation
+€703
Other operating charges
-€733
Financial income
+€1,171
Financial charges
-€135
Result 2025
€94,132
raises the resultlowers the result
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.
From operations
-€58,338
Investment
+€101,000
Financing
€0
Cash 2024
€123,591
From operations (derived)
-€58,338
Net result for the year
+€94,132
Depreciation
+€98,725
Receivables within one year
-€1,043
Smaller working-capital items
-€152
Other debts
-€250,000
Investment (derived)
+€101,000
Current investments
+€101,000
Cash 2025
€166,253
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,555,866 | €1,399,737 | -€156,129 | -10.0% |
| Fixed assets | 21/28 | €1,328,964 | €1,230,239 | -€98,725 | -7.4% |
| Tangible fixed assets | 22/27 | €1,328,964 | €1,230,239 | -€98,725 | -7.4% |
| Land and buildings | 22 | €1,295,356 | €1,202,636 | -€92,721 | -7.2% |
| Plant, machinery and equipment | 23 | €33,608 | €27,603 | -€6,005 | -17.9% |
| Current assets | 29/58 | €226,902 | €169,498 | -€57,403 | -25.3% |
| Amounts receivable within one year | 40/41 | €851 | €1,894 | +€1,043 | +123% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €851 | €1,894 | +€1,043 | +123% |
| Current investments | 50/53 | €101,000 | €0 | -€101,000 | -100% |
| Cash at bank and in hand | 54/58 | €123,591 | €166,253 | +€42,662 | +34.5% |
| Deferred charges and accrued income | 490/1 | €1,460 | €1,352 | -€108 | -7.4% |
| Total equity and liabilities | 10/49 | €1,555,866 | €1,399,737 | -€156,129 | -10.0% |
| Equity | 10/15 | €200,213 | €294,345 | +€94,132 | +47.0% |
| Contributions | 10/11 | €918,903 | €918,903 | = | 0.0% |
| Capital | 10 | €918,903 | €918,903 | = | 0.0% |
| Issued capital | 100 | €918,903 | €918,903 | = | 0.0% |
| Reserves | 13 | €7,840 | €7,840 | = | 0.0% |
| Non-distributable reserves | 130/1 | €392 | €392 | = | 0.0% |
| Legal reserve | 130 | €392 | €392 | = | 0.0% |
| Distributable reserves | 133 | €7,448 | €7,448 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€726,529 | -€632,398 | +€94,132 | +13.0% |
| Amounts payable | 17/49 | €1,355,653 | €1,105,392 | -€250,261 | -18.5% |
| Amounts payable within one year | 42/48 | €1,355,502 | €1,105,284 | -€250,219 | -18.5% |
| Trade debts | 44 | €170 | €241 | +€72 | +42.3% |
| Suppliers | 440/4 | €170 | €241 | +€72 | +42.3% |
| Taxes, remuneration and social security | 45 | €525 | €235 | -€290 | -55.3% |
| Taxes | 450/3 | €525 | €235 | -€290 | -55.3% |
| Other amounts payable | 47/48 | €1,354,808 | €1,104,808 | -€250,000 | -18.5% |
| Accrued charges and deferred income | 492/3 | €150 | €108 | -€42 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,428 | €98,725 | -€703 | -0.7% |
| Other operating charges | 640/8 | €19,859 | €20,592 | +€733 | +3.7% |
| Gross operating margin | 9900 | €172,090 | €209,960 | +€37,870 | +22.0% |
| Operating profit (loss) | 9901 | €52,803 | €90,643 | +€37,839 | +71.7% |
| Financial income | 75/76B | €2,572 | €3,742 | +€1,171 | +45.5% |
| Recurring financial income | 75 | €2,572 | €3,742 | +€1,171 | +45.5% |
| Financial charges | 65/66B | €119 | €253 | +€135 | +114% |
| Recurring financial charges | 65 | €119 | €253 | +€135 | +114% |
| Profit (loss) for the period before taxes | 9903 | €55,256 | €94,132 | +€38,875 | +70.4% |
| Profit (loss) for the period | 9904 | €55,256 | €94,132 | +€38,875 | +70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €55,256 | €94,132 | +€38,875 | +70.4% |
Next steps
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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 6 November 2026 via checked.be.