KARVANSERA: 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.
KARVANSERA
Largest movements
- Receivables within one year +€24,653
up €24,653 (+7,499%), from €329 to €24,981
of which Trade receivables: +€24,839
- Intangible fixed assets -€6,080
no longer reported in 2025 (was €6,080)
- Cash +€2,173
new in 2025: €2,173
mainly Net result for the year (+€11,796) and Investment in fixed assets (net) (+€6,080)
- Profit (loss) carried forward +€11,796
up €11,796 (+36.3%), from -€32,466 to -€20,670
- Tax, wage and social debts +€5,655
up €5,655 (+56.9%), from €9,944 to €15,600
of which Taxes: +€3,086
- Trade debts +€2,972
up €2,972 (+70.1%), from €4,243 to €7,215
- Other debts +€467
up €467 (+7.6%), from €6,132 to €6,599
- Accrued charges and deferred income -€352
no longer reported in 2025 (was €352)
- Gross operating margin +€38,364
up €38,364, from -€22,087 to €16,276
- Taxes +€2,847
up €2,847, from -€266 to €2,581
- Depreciation -€1,574
down €1,574 (-88.4%), from €1,781 to €207
- Other operating charges +€576
up €576 (+85.8%), from €671 to €1,248
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 | €6,616 | €27,154 | +€20,539 | +310% |
| Fixed assets | 21/28 | €6,287 | - | -€6,287 | |
| Intangible fixed assets | 21 | €6,080 | - | -€6,080 | |
| Tangible fixed assets | 22/27 | €207 | - | -€207 | |
| Plant, machinery and equipment | 23 | €207 | - | -€207 | |
| Current assets | 29/58 | €329 | €27,154 | +€26,826 | +8,160% |
| Amounts receivable within one year | 40/41 | €329 | €24,981 | +€24,653 | +7,499% |
| Trade receivables | 40 | - | €24,839 | +€24,839 | |
| Other amounts receivable | 41 | €329 | €143 | -€186 | -56.6% |
| Cash at bank and in hand | 54/58 | - | €2,173 | +€2,173 | |
| Total equity and liabilities | 10/49 | €6,616 | €27,154 | +€20,539 | +310% |
| Equity | 10/15 | -€14,055 | -€2,259 | +€11,796 | +83.9% |
| Contributions | 10/11 | €6,350 | €6,350 | = | 0.0% |
| Reserves | 13 | €12,061 | €12,061 | = | 0.0% |
| Distributable reserves | 133 | €12,061 | €12,061 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,466 | -€20,670 | +€11,796 | +36.3% |
| Amounts payable | 17/49 | €20,671 | €29,414 | +€8,743 | +42.3% |
| Amounts payable within one year | 42/48 | €20,319 | €29,414 | +€9,095 | +44.8% |
| Trade debts | 44 | €4,243 | €7,215 | +€2,972 | +70.1% |
| Suppliers | 440/4 | €4,243 | €7,215 | +€2,972 | +70.1% |
| Taxes, remuneration and social security | 45 | €9,944 | €15,600 | +€5,655 | +56.9% |
| Taxes | 450/3 | - | €3,086 | +€3,086 | |
| Remuneration and social security | 454/9 | €9,944 | €12,514 | +€2,570 | +25.8% |
| Other amounts payable | 47/48 | €6,132 | €6,599 | +€467 | +7.6% |
| Accrued charges and deferred income | 492/3 | €352 | - | -€352 | |
| Non-recurring operating income | 76A | - | €1,520 | +€1,520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,781 | €207 | -€1,574 | -88.4% |
| Other operating charges | 640/8 | €671 | €1,248 | +€576 | +85.8% |
| Gross operating margin | 9900 | -€22,087 | €16,276 | +€38,364 | |
| Operating profit (loss) | 9901 | -€24,540 | €14,822 | +€39,362 | |
| Financial charges | 65/66B | €330 | €445 | +€116 | +35.0% |
| Recurring financial charges | 65 | €330 | €445 | +€116 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,870 | €14,377 | +€39,246 | |
| Income taxes | 67/77 | -€266 | €2,581 | +€2,847 | |
| Profit (loss) for the period | 9904 | -€24,604 | €11,796 | +€36,400 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,604 | €11,796 | +€36,400 |
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 27 October 2026 via checked.be.