KARTELL: what changed
Two fiscal 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 +€25,282
up €25,282 (+41.8%), from €60,476 to €85,758
of which Trade receivables: +€22,305
- Cash +€6,989
up €6,989 (+194.0%), from €3,602 to €10,591
mainly Trade debts (+€13,952) and Other debts (+€8,899)
- Tangible fixed assets -€5,265
down €5,265 (-29.2%), from €18,056 to €12,792
of which Furniture and vehicles: -€3,486
- Deferred charges and accrued income -€1,375
down €1,375 (-32.7%), from €4,201 to €2,826
- Trade debts +€13,952
up €13,952 (+40.0%), from €34,893 to €48,846
of which Suppliers: +€13,952
- Other debts +€8,899
up €8,899 (+133.1%), from €6,686 to €15,585
- Short-term financial debts +€4,636
new in 2025: €4,636
- Tax, wage and social debts +€3,356
up €3,356 (+18.6%), from €18,039 to €21,395
of which Remuneration and social security: +€3,197
- Accrued charges and deferred income -€2,798
down €2,798 (-100.0%), from €2,798 to €0
- Staff costs +€6,731
new in 2025: €6,731
- Taxes -€1,750
down €1,750 (-41.0%), from €4,272 to €2,522
- Depreciation +€1,358
up €1,358 (+26.1%), from €5,203 to €6,561
- Financial charges +€1,107
up €1,107 (+73.3%), from €1,510 to €2,617
- Gross operating margin +€900
up €900 (+5.7%), from €15,778 to €16,678
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 | €89,036 | €114,667 | +€25,631 | +28.8% |
| Fixed assets | 21/28 | €20,756 | €15,492 | -€5,265 | -25.4% |
| Tangible fixed assets | 22/27 | €18,056 | €12,792 | -€5,265 | -29.2% |
| Plant, machinery and equipment | 23 | €11,061 | €9,283 | -€1,778 | -16.1% |
| Furniture and vehicles | 24 | €6,995 | €3,509 | -€3,486 | -49.8% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €68,279 | €99,176 | +€30,896 | +45.2% |
| Amounts receivable within one year | 40/41 | €60,476 | €85,758 | +€25,282 | +41.8% |
| Trade receivables | 40 | €57,313 | €79,618 | +€22,305 | +38.9% |
| Other amounts receivable | 41 | €3,163 | €6,140 | +€2,978 | +94.2% |
| Cash at bank and in hand | 54/58 | €3,602 | €10,591 | +€6,989 | +194.0% |
| Deferred charges and accrued income | 490/1 | €4,201 | €2,826 | -€1,375 | -32.7% |
| Total equity and liabilities | 10/49 | €89,036 | €114,667 | +€25,631 | +28.8% |
| Equity | 10/15 | €26,620 | €24,206 | -€2,414 | -9.1% |
| Contributions | 10/11 | €900 | €900 | = | 0.0% |
| Reserves | 13 | €25,720 | €23,306 | -€2,414 | -9.4% |
| Distributable reserves | 133 | €25,720 | €23,306 | -€2,414 | -9.4% |
| Amounts payable | 17/49 | €62,416 | €90,462 | +€28,045 | +44.9% |
| Amounts payable within one year | 42/48 | €59,618 | €90,462 | +€30,843 | +51.7% |
| Financial debts | 43 | - | €4,636 | +€4,636 | |
| Credit institutions | 430/8 | - | €4,636 | +€4,636 | |
| Trade debts | 44 | €34,893 | €48,846 | +€13,952 | +40.0% |
| Suppliers | 440/4 | €34,893 | €48,846 | +€13,952 | +40.0% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €18,039 | €21,395 | +€3,356 | +18.6% |
| Taxes | 450/3 | €18,039 | €18,198 | +€159 | +0.9% |
| Remuneration and social security | 454/9 | - | €3,197 | +€3,197 | |
| Other amounts payable | 47/48 | €6,686 | €15,585 | +€8,899 | +133.1% |
| Accrued charges and deferred income | 492/3 | €2,798 | €0 | -€2,798 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €6,731 | +€6,731 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,203 | €6,561 | +€1,358 | +26.1% |
| Other operating charges | 640/8 | €857 | €848 | -€10 | -1.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €15,778 | €16,678 | +€900 | +5.7% |
| Operating profit (loss) | 9901 | €9,718 | €2,538 | -€7,180 | -73.9% |
| Financial income | 75/76B | €120 | €188 | +€67 | +56.2% |
| Recurring financial income | 75 | €120 | €188 | +€67 | +56.2% |
| Financial charges | 65/66B | €1,510 | €2,617 | +€1,107 | +73.3% |
| Recurring financial charges | 65 | €1,510 | €2,617 | +€1,107 | +73.3% |
| Profit (loss) for the period before taxes | 9903 | €8,327 | €108 | -€8,219 | -98.7% |
| Income taxes | 67/77 | €4,272 | €2,522 | -€1,750 | -41.0% |
| Profit (loss) for the period | 9904 | €4,055 | -€2,414 | -€6,469 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,055 | -€2,414 | -€6,469 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.