KARJUL: 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.
KARJUL
Largest movements
- Tangible fixed assets -€24,063
down €24,063 (-4.1%), from €587,554 to €563,491
of which Land and buildings: -€16,698
- Receivables within one year +€18,209
up €18,209 (+1,380%), from €1,319 to €19,528
of which Trade receivables: +€10,994
- Other debts +€72,126
up €72,126 (+142%), from €50,924 to €123,050
- Profit (loss) carried forward -€54,122
down €54,122 (-34.6%), from €156,256 to €102,134
- Debts after one year -€46,912
down €46,912 (-12.5%), from €376,647 to €329,735
- Tax, wage and social debts +€11,967
up €11,967 (+418%), from €2,865 to €14,832
of which Taxes: +€9,467
- Gross operating margin -€33,573
down €33,573, from €31,869 to -€1,704
- Other operating charges -€7,726
down €7,726 (-66.5%), from €11,620 to €3,894
- Financial charges -€3,745
down €3,745 (-14.4%), from €26,080 to €22,335
- Depreciation -€1,291
down €1,291 (-4.7%), from €27,244 to €25,953
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 | €656,363 | €645,506 | -€10,857 | -1.7% |
| Fixed assets | 21/28 | €630,054 | €605,991 | -€24,063 | -3.8% |
| Tangible fixed assets | 22/27 | €587,554 | €563,491 | -€24,063 | -4.1% |
| Land and buildings | 22 | €560,302 | €543,604 | -€16,698 | -3.0% |
| Plant, machinery and equipment | 23 | €1,796 | €1,602 | -€194 | -10.8% |
| Furniture and vehicles | 24 | €25,456 | €18,286 | -€7,170 | -28.2% |
| Financial fixed assets | 28 | €42,500 | €42,500 | = | 0.0% |
| Current assets | 29/58 | €26,309 | €39,515 | +€13,205 | +50.2% |
| Amounts receivable within one year | 40/41 | €1,319 | €19,528 | +€18,209 | +1,380% |
| Trade receivables | 40 | €895 | €11,889 | +€10,994 | +1,228% |
| Other amounts receivable | 41 | €424 | €7,639 | +€7,215 | +1,702% |
| Cash at bank and in hand | 54/58 | €1,563 | €696 | -€867 | -55.5% |
| Deferred charges and accrued income | 490/1 | €23,427 | €19,291 | -€4,136 | -17.7% |
| Total equity and liabilities | 10/49 | €656,363 | €645,506 | -€10,857 | -1.7% |
| Equity | 10/15 | €170,516 | €116,394 | -€54,122 | -31.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,256 | €102,134 | -€54,122 | -34.6% |
| Amounts payable | 17/49 | €485,847 | €529,112 | +€43,265 | +8.9% |
| Amounts payable after more than one year | 17 | €376,647 | €329,735 | -€46,912 | -12.5% |
| Financial debts | 170/4 | €376,647 | €329,735 | -€46,912 | -12.5% |
| Amounts payable within one year | 42/48 | €109,200 | €199,377 | +€90,177 | +82.6% |
| Current portion of amounts payable after more than one year | 42 | €45,848 | €49,486 | +€3,638 | +7.9% |
| Trade debts | 44 | €9,563 | €12,009 | +€2,446 | +25.6% |
| Suppliers | 440/4 | €9,563 | €12,009 | +€2,446 | +25.6% |
| Taxes, remuneration and social security | 45 | €2,865 | €14,832 | +€11,967 | +418% |
| Taxes | 450/3 | €2,865 | €12,332 | +€9,467 | +330% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €50,924 | €123,050 | +€72,126 | +142% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €496 | +€496 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,244 | €25,953 | -€1,291 | -4.7% |
| Other operating charges | 640/8 | €11,620 | €3,894 | -€7,726 | -66.5% |
| Gross operating margin | 9900 | €31,869 | -€1,704 | -€33,573 | |
| Operating profit (loss) | 9901 | -€6,995 | -€31,551 | -€24,556 | -351% |
| Financial income | 75/76B | €107 | €0 | -€107 | -100% |
| Recurring financial income | 75 | €107 | €0 | -€107 | -100% |
| Financial charges | 65/66B | €26,080 | €22,335 | -€3,745 | -14.4% |
| Recurring financial charges | 65 | €26,080 | €22,335 | -€3,745 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | -€32,968 | -€53,886 | -€20,918 | -63.5% |
| Income taxes | 67/77 | €232 | €236 | +€4 | +1.9% |
| Profit (loss) for the period | 9904 | -€33,200 | -€54,122 | -€20,923 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,200 | -€54,122 | -€20,923 | -63.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.