Karrewiel: 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.
Karrewiel
Largest movements
- Receivables within one year -€11,611
down €11,611 (-51.6%), from €22,495 to €10,883
of which Trade receivables: -€11,127
- Cash -€4,592
down €4,592 (-83.9%), from €5,475 to €883
mainly Net result for the year (-€24,457) and Investment in fixed assets (net) (-€3,621)
- Tangible fixed assets +€2,467
up €2,467 (+108.9%), from €2,264 to €4,731
- Profit (loss) carried forward -€24,457
down €24,457 (-4.8%), from -€511,337 to -€535,794
- Other debts +€11,500
up €11,500 (+5.4%), from €214,017 to €225,517
- Trade debts -€923
down €923 (-8.8%), from €10,458 to €9,535
- Gross operating margin -€14,813
down €14,813, from €1,020 to -€13,793
- Financial charges -€842
down €842 (-8.7%), from €9,630 to €8,788
- Depreciation +€632
up €632 (+121.0%), from €522 to €1,154
- Other operating charges +€145
up €145 (+25.2%), from €576 to €722
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 | €36,820 | €22,940 | -€13,880 | -37.7% |
| Fixed assets | 21/28 | €8,622 | €11,088 | +€2,467 | +28.6% |
| Tangible fixed assets | 22/27 | €2,264 | €4,731 | +€2,467 | +108.9% |
| Plant, machinery and equipment | 23 | €2,264 | €4,731 | +€2,467 | +108.9% |
| Financial fixed assets | 28 | €6,357 | €6,357 | = | 0.0% |
| Current assets | 29/58 | €28,198 | €11,851 | -€16,347 | -58.0% |
| Amounts receivable within one year | 40/41 | €22,495 | €10,883 | -€11,611 | -51.6% |
| Trade receivables | 40 | €19,313 | €8,186 | -€11,127 | -57.6% |
| Other amounts receivable | 41 | €3,182 | €2,697 | -€485 | -15.2% |
| Cash at bank and in hand | 54/58 | €5,475 | €883 | -€4,592 | -83.9% |
| Deferred charges and accrued income | 490/1 | €229 | €85 | -€143 | -62.7% |
| Total equity and liabilities | 10/49 | €36,820 | €22,940 | -€13,880 | -37.7% |
| Equity | 10/15 | -€443,656 | -€468,113 | -€24,457 | -5.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €5,681 | €5,681 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,681 | €5,681 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€511,337 | -€535,794 | -€24,457 | -4.8% |
| Amounts payable | 17/49 | €480,476 | €491,053 | +€10,577 | +2.2% |
| Amounts payable after more than one year | 17 | €256,000 | €256,000 | = | 0.0% |
| Financial debts | 170/4 | €256,000 | €256,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €224,476 | €235,053 | +€10,577 | +4.7% |
| Trade debts | 44 | €10,458 | €9,535 | -€923 | -8.8% |
| Suppliers | 440/4 | €10,458 | €9,535 | -€923 | -8.8% |
| Other amounts payable | 47/48 | €214,017 | €225,517 | +€11,500 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €522 | €1,154 | +€632 | +121.0% |
| Other operating charges | 640/8 | €576 | €722 | +€145 | +25.2% |
| Gross operating margin | 9900 | €1,020 | -€13,793 | -€14,813 | |
| Operating profit (loss) | 9901 | -€79 | -€15,669 | -€15,591 | -19827.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €9,630 | €8,788 | -€842 | -8.7% |
| Recurring financial charges | 65 | €9,630 | €8,788 | -€842 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,709 | -€24,457 | -€14,749 | -151.9% |
| Profit (loss) for the period | 9904 | -€9,709 | -€24,457 | -€14,749 | -151.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,709 | -€24,457 | -€14,749 | -151.9% |
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.