KARTHUIZER DEVELOPMENT: 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.
KARTHUIZER DEVELOPMENT
Largest movements
- Cash -€432,652
down €432,652 (-97.5%), from €443,668 to €11,015
mainly Contributions, distributions and other (-€500,000) and Receivables within one year (-€149,310)
- Receivables within one year +€149,310
up €149,310 (+7,465%), from €2,000 to €151,310
of which Other amounts receivable: +€147,151
- Stocks and contracts +€22,538
up €22,538 (+2.2%), from €1.0m to €1.1m
- Profit (loss) carried forward -€494,729
down €494,729 (-54.0%), from €915,385 to €420,656
- Trade debts +€192,519
up €192,519 (+511%), from €37,681 to €230,199
- Other debts +€90,206
up €90,206 (+21.5%), from €419,592 to €509,798
- Tax, wage and social debts -€48,817
down €48,817 (-100%), from €48,817 to €0
- Gross operating margin +€181,466
up €181,466, from -€148,628 to €32,838
- Financial income -€19,381
down €19,381 (-100%), from €19,381 to €0
- Financial charges +€3,380
up €3,380 (+15.2%), from €22,244 to €25,624
- Other operating charges -€1,520
down €1,520 (-43.9%), from €3,464 to €1,944
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 | €1,491,850 | €1,231,046 | -€260,804 | -17.5% |
| Current assets | 29/58 | €1,491,850 | €1,231,046 | -€260,804 | -17.5% |
| Stocks and contracts in progress | 3 | €1,046,183 | €1,068,721 | +€22,538 | +2.2% |
| Stocks | 30/36 | €1,046,183 | €1,068,721 | +€22,538 | +2.2% |
| Amounts receivable within one year | 40/41 | €2,000 | €151,310 | +€149,310 | +7,465% |
| Trade receivables | 40 | €2,000 | €4,159 | +€2,159 | +108% |
| Other amounts receivable | 41 | €0 | €147,151 | +€147,151 | |
| Cash at bank and in hand | 54/58 | €443,668 | €11,015 | -€432,652 | -97.5% |
| Total equity and liabilities | 10/49 | €1,491,850 | €1,231,046 | -€260,804 | -17.5% |
| Equity | 10/15 | €984,685 | €489,956 | -€494,729 | -50.2% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €6,300 | €6,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €915,385 | €420,656 | -€494,729 | -54.0% |
| Amounts payable | 17/49 | €507,165 | €741,091 | +€233,926 | +46.1% |
| Amounts payable within one year | 42/48 | €506,090 | €739,997 | +€233,907 | +46.2% |
| Trade debts | 44 | €37,681 | €230,199 | +€192,519 | +511% |
| Suppliers | 440/4 | €37,681 | €230,199 | +€192,519 | +511% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €48,817 | €0 | -€48,817 | -100% |
| Taxes | 450/3 | €48,817 | €0 | -€48,817 | -100% |
| Other amounts payable | 47/48 | €419,592 | €509,798 | +€90,206 | +21.5% |
| Accrued charges and deferred income | 492/3 | €1,075 | €1,094 | +€18 | +1.7% |
| Other operating charges | 640/8 | €3,464 | €1,944 | -€1,520 | -43.9% |
| Gross operating margin | 9900 | -€148,628 | €32,838 | +€181,466 | |
| Operating profit (loss) | 9901 | -€152,091 | €30,894 | +€182,986 | |
| Financial income | 75/76B | €19,381 | €0 | -€19,381 | -100% |
| Recurring financial income | 75 | €19,381 | €0 | -€19,381 | -100% |
| Financial charges | 65/66B | €22,244 | €25,624 | +€3,380 | +15.2% |
| Recurring financial charges | 65 | €22,244 | €25,624 | +€3,380 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | -€154,955 | €5,271 | +€160,225 | |
| Profit (loss) for the period | 9904 | -€154,955 | €5,271 | +€160,225 | |
| Profit (loss) for the period to be appropriated | 9905 | -€154,955 | €5,271 | +€160,225 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.