KARLTEK: 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.
KARLTEK
Largest movements
- Tangible fixed assets -€12,634
down €12,634 (-33.2%), from €38,108 to €25,474
of which Other tangible fixed assets: -€12,578
- Receivables within one year +€11,460
up €11,460 (+950%), from €1,206 to €12,666
of which Trade receivables: +€11,777
- Cash +€4,045
up €4,045 (+86.5%), from €4,675 to €8,720
mainly Depreciation (+€12,634) and Net result for the year (+€9,545)
- Debts after one year -€10,000
down €10,000 (-10.0%), from €100,000 to €90,000
- Profit (loss) carried forward +€9,545
up €9,545 (+5.1%), from -€186,836 to -€177,291
- Other debts +€2,213
up €2,213 (+15.3%), from €14,436 to €16,649
- Trade debts +€2,151
up €2,151 (+45.5%), from €4,725 to €6,876
- Tax, wage and social debts -€1,038
down €1,038 (-27.1%), from €3,829 to €2,791
- Gross operating margin +€1,275
up €1,275 (+5.9%), from €21,689 to €22,964
- Financial charges -€565
down €565 (-82.4%), from €686 to €121
- Depreciation -€294
down €294 (-2.3%), from €12,928 to €12,634
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 | €44,014 | €46,885 | +€2,871 | +6.5% |
| Fixed assets | 21/28 | €38,133 | €25,499 | -€12,634 | -33.1% |
| Tangible fixed assets | 22/27 | €38,108 | €25,474 | -€12,634 | -33.2% |
| Plant, machinery and equipment | 23 | €56 | - | -€56 | |
| Other tangible fixed assets | 26 | €38,052 | €25,474 | -€12,578 | -33.1% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €5,881 | €21,386 | +€15,505 | +264% |
| Amounts receivable within one year | 40/41 | €1,206 | €12,666 | +€11,460 | +950% |
| Trade receivables | 40 | €889 | €12,666 | +€11,777 | +1,325% |
| Other amounts receivable | 41 | €317 | - | -€317 | |
| Cash at bank and in hand | 54/58 | €4,675 | €8,720 | +€4,045 | +86.5% |
| Total equity and liabilities | 10/49 | €44,014 | €46,885 | +€2,871 | +6.5% |
| Equity | 10/15 | -€78,976 | -€69,431 | +€9,545 | +12.1% |
| Contributions | 10/11 | €101,860 | €101,860 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€186,836 | -€177,291 | +€9,545 | +5.1% |
| Amounts payable | 17/49 | €122,990 | €116,316 | -€6,674 | -5.4% |
| Amounts payable after more than one year | 17 | €100,000 | €90,000 | -€10,000 | -10.0% |
| Other amounts payable | 178/9 | €100,000 | €90,000 | -€10,000 | -10.0% |
| Amounts payable within one year | 42/48 | €22,990 | €26,316 | +€3,326 | +14.5% |
| Trade debts | 44 | €4,725 | €6,876 | +€2,151 | +45.5% |
| Suppliers | 440/4 | €4,725 | €6,876 | +€2,151 | +45.5% |
| Taxes, remuneration and social security | 45 | €3,829 | €2,791 | -€1,038 | -27.1% |
| Taxes | 450/3 | €3,829 | €2,791 | -€1,038 | -27.1% |
| Other amounts payable | 47/48 | €14,436 | €16,649 | +€2,213 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,928 | €12,634 | -€294 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €100 | - | -€100 | |
| Other operating charges | 640/8 | €524 | €664 | +€140 | +26.7% |
| Gross operating margin | 9900 | €21,689 | €22,964 | +€1,275 | +5.9% |
| Operating profit (loss) | 9901 | €8,137 | €9,666 | +€1,529 | +18.8% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €686 | €121 | -€565 | -82.4% |
| Recurring financial charges | 65 | €686 | €121 | -€565 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | €7,453 | €9,545 | +€2,092 | +28.1% |
| Profit (loss) for the period | 9904 | €7,453 | €9,545 | +€2,092 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,453 | €9,545 | +€2,092 | +28.1% |
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 15 October 2026 via checked.be.