KARTELL +: 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.
KARTELL +
Largest movements
- Receivables within one year +€82,887
up €82,887 (+9.8%), from €845,414 to €928,301
of which Trade receivables: +€70,007
- Cash -€25,169
down €25,169 (-26.3%), from €95,653 to €70,484
mainly Contributions, distributions and other (-€160,000) and Receivables within one year (-€82,887)
- Stocks and contracts +€19,617
up €19,617 (+42.6%), from €46,103 to €65,720
- Profit (loss) carried forward -€133,410
down €133,410 (-31.2%), from €427,003 to €293,593
- Trade debts +€91,819
up €91,819 (+29.6%), from €309,990 to €401,810
- Other debts +€84,004
up €84,004 (+39.1%), from €214,896 to €298,900
- Accrued charges and deferred income +€60,368
up €60,368 (+6,151%), from €982 to €61,350
- Tax, wage and social debts -€24,343
down €24,343 (-77.4%), from €31,441 to €7,098
of which Taxes: -€24,362
- Gross operating margin -€250,358
down €250,358 (-69.6%), from €359,855 to €109,497
- Taxes -€71,139
down €71,139 (-86.6%), from €82,105 to €10,966
- Staff costs +€48,283
up €48,283 (+6,016%), from €803 to €49,085
- Financial charges -€16,495
down €16,495 (-91.5%), from €18,032 to €1,537
- Financial income -€4,763
down €4,763 (-43.1%), from €11,059 to €6,295
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 | €1,030,147 | €1,116,759 | +€86,613 | +8.4% |
| Fixed assets | 21/28 | €39,921 | €48,367 | +€8,446 | +21.2% |
| Tangible fixed assets | 22/27 | €23,963 | €32,409 | +€8,446 | +35.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €12,589 | €16,128 | +€3,539 | +28.1% |
| Furniture and vehicles | 24 | €11,374 | €16,281 | +€4,907 | +43.1% |
| Financial fixed assets | 28 | €15,958 | €15,958 | = | 0.0% |
| Current assets | 29/58 | €990,226 | €1,068,393 | +€78,167 | +7.9% |
| Stocks and contracts in progress | 3 | €46,103 | €65,720 | +€19,617 | +42.6% |
| Stocks | 30/36 | €46,103 | €65,720 | +€19,617 | +42.6% |
| Amounts receivable within one year | 40/41 | €845,414 | €928,301 | +€82,887 | +9.8% |
| Trade receivables | 40 | €740,674 | €810,681 | +€70,007 | +9.5% |
| Other amounts receivable | 41 | €104,740 | €117,620 | +€12,880 | +12.3% |
| Cash at bank and in hand | 54/58 | €95,653 | €70,484 | -€25,169 | -26.3% |
| Deferred charges and accrued income | 490/1 | €3,055 | €3,887 | +€832 | +27.2% |
| Total equity and liabilities | 10/49 | €1,030,147 | €1,116,759 | +€86,613 | +8.4% |
| Equity | 10/15 | €447,463 | €314,053 | -€133,410 | -29.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €427,003 | €293,593 | -€133,410 | -31.2% |
| Amounts payable | 17/49 | €582,684 | €802,707 | +€220,023 | +37.8% |
| Amounts payable within one year | 42/48 | €581,703 | €741,357 | +€159,654 | +27.4% |
| Financial debts | 43 | €25,375 | €33,550 | +€8,175 | +32.2% |
| Credit institutions | 430/8 | €25,375 | €33,550 | +€8,175 | +32.2% |
| Trade debts | 44 | €309,990 | €401,810 | +€91,819 | +29.6% |
| Suppliers | 440/4 | €309,990 | €401,810 | +€91,819 | +29.6% |
| Taxes, remuneration and social security | 45 | €31,441 | €7,098 | -€24,343 | -77.4% |
| Taxes | 450/3 | €31,441 | €7,079 | -€24,362 | -77.5% |
| Remuneration and social security | 454/9 | - | €19 | +€19 | |
| Other amounts payable | 47/48 | €214,896 | €298,900 | +€84,004 | +39.1% |
| Accrued charges and deferred income | 492/3 | €982 | €61,350 | +€60,368 | +6,151% |
| Remuneration, social security and pensions | 62 | €803 | €49,085 | +€48,283 | +6,016% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,212 | €14,454 | +€1,243 | +9.4% |
| Other operating charges | 640/8 | €12,317 | €13,160 | +€842 | +6.8% |
| Gross operating margin | 9900 | €359,855 | €109,497 | -€250,358 | -69.6% |
| Operating profit (loss) | 9901 | €333,523 | €32,797 | -€300,726 | -90.2% |
| Financial income | 75/76B | €11,059 | €6,295 | -€4,763 | -43.1% |
| Recurring financial income | 75 | €11,059 | €6,295 | -€4,763 | -43.1% |
| Financial charges | 65/66B | €18,032 | €1,537 | -€16,495 | -91.5% |
| Recurring financial charges | 65 | €18,032 | €1,537 | -€16,495 | -91.5% |
| Profit (loss) for the period before taxes | 9903 | €326,550 | €37,556 | -€288,994 | -88.5% |
| Income taxes | 67/77 | €82,105 | €10,966 | -€71,139 | -86.6% |
| Profit (loss) for the period | 9904 | €244,446 | €26,590 | -€217,856 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €244,446 | €26,590 | -€217,856 | -89.1% |
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 23 October 2026 via checked.be.