KARLEROI HERITAGE: 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.
KARLEROI HERITAGE
Largest movements
- Receivables within one year -€14,132
down €14,132 (-44.8%), from €31,550 to €17,419
of which Trade receivables: -€14,112
- Tangible fixed assets -€8,404
down €8,404 (-52.8%), from €15,905 to €7,502
of which Furniture and vehicles: -€6,286
- Deferred charges and accrued income -€1,538
down €1,538 (-58.4%), from €2,632 to €1,094
- Profit (loss) carried forward -€18,728
down €18,728 (-10.7%), from -€175,006 to -€193,734
- Trade debts -€18,315
down €18,315 (-81.1%), from €22,594 to €4,279
- Other debts +€12,258
up €12,258 (+6.6%), from €184,698 to €196,957
- Accrued charges and deferred income +€719
up €719 (+120%), from €598 to €1,317
- Gross operating margin +€10,115
up €10,115 (+62.7%), from -€16,140 to -€6,026
- Depreciation -€3,652
down €3,652 (-30.3%), from €12,056 to €8,404
- Other operating charges -€554
down €554 (-13.2%), from €4,205 to €3,651
- Financial charges +€344
up €344 (+154%), from €224 to €568
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 | €51,601 | €27,577 | -€24,024 | -46.6% |
| Fixed assets | 21/28 | €15,905 | €7,502 | -€8,404 | -52.8% |
| Tangible fixed assets | 22/27 | €15,905 | €7,502 | -€8,404 | -52.8% |
| Land and buildings | 22 | €1,433 | €1,157 | -€276 | -19.3% |
| Plant, machinery and equipment | 23 | €594 | €379 | -€216 | -36.3% |
| Furniture and vehicles | 24 | €8,998 | €2,712 | -€6,286 | -69.9% |
| Other tangible fixed assets | 26 | €4,880 | €3,254 | -€1,626 | -33.3% |
| Current assets | 29/58 | €35,696 | €20,076 | -€15,620 | -43.8% |
| Amounts receivable after more than one year | 29 | €43 | €43 | = | 0.0% |
| Trade receivables | 290 | €43 | €43 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,550 | €17,419 | -€14,132 | -44.8% |
| Trade receivables | 40 | €29,513 | €15,401 | -€14,112 | -47.8% |
| Other amounts receivable | 41 | €2,038 | €2,018 | -€20 | -1.0% |
| Cash at bank and in hand | 54/58 | €1,470 | €1,519 | +€50 | +3.4% |
| Deferred charges and accrued income | 490/1 | €2,632 | €1,094 | -€1,538 | -58.4% |
| Total equity and liabilities | 10/49 | €51,601 | €27,577 | -€24,024 | -46.6% |
| Equity | 10/15 | -€156,406 | -€175,134 | -€18,728 | -12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,006 | -€193,734 | -€18,728 | -10.7% |
| Amounts payable | 17/49 | €208,007 | €202,711 | -€5,296 | -2.5% |
| Amounts payable within one year | 42/48 | €207,409 | €201,394 | -€6,015 | -2.9% |
| Trade debts | 44 | €22,594 | €4,279 | -€18,315 | -81.1% |
| Suppliers | 440/4 | €22,594 | €4,279 | -€18,315 | -81.1% |
| Taxes, remuneration and social security | 45 | €117 | €159 | +€42 | +35.7% |
| Taxes | 450/3 | €117 | €159 | +€42 | +35.7% |
| Other amounts payable | 47/48 | €184,698 | €196,957 | +€12,258 | +6.6% |
| Accrued charges and deferred income | 492/3 | €598 | €1,317 | +€719 | +120% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,056 | €8,404 | -€3,652 | -30.3% |
| Other operating charges | 640/8 | €4,205 | €3,651 | -€554 | -13.2% |
| Gross operating margin | 9900 | -€16,140 | -€6,026 | +€10,115 | +62.7% |
| Operating profit (loss) | 9901 | -€32,402 | -€18,081 | +€14,321 | +44.2% |
| Financial income | 75/76B | €34 | €16 | -€18 | -52.2% |
| Recurring financial income | 75 | €34 | €16 | -€18 | -52.2% |
| Financial charges | 65/66B | €224 | €568 | +€344 | +154% |
| Recurring financial charges | 65 | €224 | €568 | +€344 | +154% |
| Profit (loss) for the period before taxes | 9903 | -€32,591 | -€18,632 | +€13,959 | +42.8% |
| Income taxes | 67/77 | €122 | €96 | -€26 | -21.6% |
| Profit (loss) for the period | 9904 | -€32,713 | -€18,728 | +€13,986 | +42.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,713 | -€18,728 | +€13,986 | +42.8% |
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 21 October 2026 via checked.be.