Kartina: 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.
Kartina
Largest movements
- Receivables within one year +€919,148
up €919,148 (+9,376%), from €9,803 to €928,951
of which Trade receivables: +€842,158
- Cash +€124,654
up €124,654 (+193%), from €64,719 to €189,373
mainly Trade debts (+€687,129) and Tax, wage and social debts (+€271,050)
- Trade debts +€687,129
up €687,129 (+5,431%), from €12,651 to €699,781
- Tax, wage and social debts +€271,050
up €271,050 (+2,927%), from €9,262 to €280,311
of which Taxes: +€142,448
- Accrued charges and deferred income +€48,088
new in 2025: €48,088
- Profit (loss) carried forward +€35,101
up €35,101 (+58.6%), from €59,903 to €95,004
- Staff costs -€33,064
down €33,064 (-8.2%), from €403,991 to €370,926
- Gross operating margin -€18,101
down €18,101 (-4.2%), from €432,187 to €414,085
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 | €139,286 | €1,180,054 | +€1.0m | +747% |
| Fixed assets | 21/28 | €13,032 | €9,130 | -€3,901 | -29.9% |
| Tangible fixed assets | 22/27 | €13,032 | €9,130 | -€3,901 | -29.9% |
| Land and buildings | 22 | €2,382 | €1,310 | -€1,073 | -45.0% |
| Plant, machinery and equipment | 23 | €10,649 | €7,820 | -€2,829 | -26.6% |
| Current assets | 29/58 | €126,254 | €1,170,924 | +€1.0m | +827% |
| Stocks and contracts in progress | 3 | €41,440 | €41,440 | = | 0.0% |
| Stocks | 30/36 | €41,440 | €41,440 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,803 | €928,951 | +€919,148 | +9,376% |
| Trade receivables | 40 | €8,425 | €850,583 | +€842,158 | +9,996% |
| Other amounts receivable | 41 | €1,378 | €78,368 | +€76,990 | +5,587% |
| Cash at bank and in hand | 54/58 | €64,719 | €189,373 | +€124,654 | +193% |
| Deferred charges and accrued income | 490/1 | €10,293 | €11,160 | +€867 | +8.4% |
| Total equity and liabilities | 10/49 | €139,286 | €1,180,054 | +€1.0m | +747% |
| Equity | 10/15 | €67,958 | €103,059 | +€35,101 | +51.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,903 | €95,004 | +€35,101 | +58.6% |
| Amounts payable | 17/49 | €71,328 | €1,076,995 | +€1.0m | +1,410% |
| Amounts payable after more than one year | 17 | €48,814 | €48,814 | = | 0.0% |
| Financial debts | 170/4 | €48,814 | €48,814 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,514 | €980,092 | +€957,578 | +4,253% |
| Trade debts | 44 | €12,651 | €699,781 | +€687,129 | +5,431% |
| Suppliers | 440/4 | €12,651 | €699,781 | +€687,129 | +5,431% |
| Taxes, remuneration and social security | 45 | €9,262 | €280,311 | +€271,050 | +2,927% |
| Taxes | 450/3 | €7,138 | €149,586 | +€142,448 | +1,996% |
| Remuneration and social security | 454/9 | €2,124 | €130,725 | +€128,601 | +6,054% |
| Other amounts payable | 47/48 | €601 | - | -€601 | |
| Accrued charges and deferred income | 492/3 | - | €48,088 | +€48,088 | |
| Remuneration, social security and pensions | 62 | €403,991 | €370,926 | -€33,064 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,948 | €3,901 | -€3,046 | -43.8% |
| Other operating charges | 640/8 | €3,182 | €4,143 | +€960 | +30.2% |
| Gross operating margin | 9900 | €432,187 | €414,085 | -€18,101 | -4.2% |
| Operating profit (loss) | 9901 | €18,066 | €35,115 | +€17,049 | +94.4% |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €1,750 | €13 | -€1,736 | -99.2% |
| Recurring financial charges | 65 | €1,750 | €13 | -€1,736 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | €16,330 | €35,101 | +€18,771 | +115% |
| Income taxes | 67/77 | €4 | - | -€4 | |
| Profit (loss) for the period | 9904 | €16,326 | €35,101 | +€18,775 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €16,326 | €35,101 | +€18,775 | +115% |
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.