KarlVDK: 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.
KarlVDK
Largest movements
- Cash +€3,240
up €3,240 (+61.5%), from €5,267 to €8,507
mainly Net result for the year (+€7,910) and Tax, wage and social debts (+€2,170)
- Deferred charges and accrued income +€415
up €415 (+248.5%), from €167 to €582
- Receivables within one year -€387
down €387 (-3.0%), from €12,706 to €12,319
- Other debts -€6,979
down €6,979 (-57.2%), from €12,192 to €5,213
- Reserves +€6,366
new in 2025: €6,366
- Tax, wage and social debts +€2,170
up €2,170 (+40.2%), from €5,396 to €7,566
- Profit (loss) carried forward +€1,544
no longer reported in 2025 (was -€1,544)
- Gross operating margin +€6,326
up €6,326 (+134.9%), from €4,691 to €11,017
- Taxes +€2,360
up €2,360 (+1289.6%), from €183 to €2,543
- Depreciation -€611
down €611 (-85.7%), from €713 to €102
- Other operating charges +€400
new in 2025: €400
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.
Cash bridge derived
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 | €18,742 | €21,908 | +€3,166 | +16.9% |
| Fixed assets | 21/28 | €602 | €500 | -€102 | -16.9% |
| Tangible fixed assets | 22/27 | €102 | - | -€102 | |
| Furniture and vehicles | 24 | €102 | - | -€102 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €18,140 | €21,408 | +€3,268 | +18.0% |
| Amounts receivable within one year | 40/41 | €12,706 | €12,319 | -€387 | -3.0% |
| Trade receivables | 40 | €12,706 | €12,319 | -€387 | -3.0% |
| Cash at bank and in hand | 54/58 | €5,267 | €8,507 | +€3,240 | +61.5% |
| Deferred charges and accrued income | 490/1 | €167 | €582 | +€415 | +248.5% |
| Total equity and liabilities | 10/49 | €18,742 | €21,908 | +€3,166 | +16.9% |
| Equity | 10/15 | €456 | €8,366 | +€7,910 | +1734.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €6,366 | +€6,366 | |
| Distributable reserves | 133 | - | €6,366 | +€6,366 | |
| Profit (loss) carried forward | 14 | -€1,544 | - | +€1,544 | |
| Amounts payable | 17/49 | €18,286 | €13,542 | -€4,744 | -25.9% |
| Amounts payable within one year | 42/48 | €18,284 | €13,542 | -€4,742 | -25.9% |
| Trade debts | 44 | €696 | €763 | +€67 | +9.6% |
| Suppliers | 440/4 | €696 | €763 | +€67 | +9.6% |
| Taxes, remuneration and social security | 45 | €5,396 | €7,566 | +€2,170 | +40.2% |
| Taxes | 450/3 | €5,396 | €7,566 | +€2,170 | +40.2% |
| Other amounts payable | 47/48 | €12,192 | €5,213 | -€6,979 | -57.2% |
| Accrued charges and deferred income | 492/3 | €2 | - | -€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €713 | €102 | -€611 | -85.7% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €4,691 | €11,017 | +€6,326 | +134.9% |
| Operating profit (loss) | 9901 | €3,978 | €10,515 | +€6,537 | +164.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €57 | €63 | +€6 | +10.5% |
| Recurring financial charges | 65 | €57 | €63 | +€6 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €3,921 | €10,453 | +€6,532 | +166.6% |
| Income taxes | 67/77 | €183 | €2,543 | +€2,360 | +1289.6% |
| Profit (loss) for the period | 9904 | €3,738 | €7,910 | +€4,172 | +111.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,738 | €7,910 | +€4,172 | +111.6% |
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 11 October 2026 via checked.be.