Karve Consulting: 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.
Karve Consulting
Largest movements
- Cash +€26,518
up €26,518 (+100%), from €26,509 to €53,026
mainly Net result for the year (+€40,510) and Tax, wage and social debts (+€4,425)
- Receivables within one year +€7,380
up €7,380 (+58.2%), from €12,678 to €20,058
of which Trade receivables: +€6,403
- Tangible fixed assets +€2,053
up €2,053 (+149%), from €1,381 to €3,434
- Reserves +€40,510
new in 2025: €40,510
- Other debts -€7,897
down €7,897 (-90.5%), from €8,730 to €833
- Tax, wage and social debts +€4,425
up €4,425 (+96.0%), from €4,609 to €9,034
- Profit (loss) carried forward -€833
down €833 (-3.3%), from €25,153 to €24,320
- Gross operating margin +€23,905
up €23,905 (+70.9%), from €33,721 to €57,626
- Taxes +€8,837
up €8,837 (+126%), from €7,019 to €15,856
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 | €40,669 | €77,359 | +€36,690 | +90.2% |
| Fixed assets | 21/28 | €1,381 | €3,434 | +€2,053 | +149% |
| Tangible fixed assets | 22/27 | €1,381 | €3,434 | +€2,053 | +149% |
| Furniture and vehicles | 24 | €1,381 | €3,434 | +€2,053 | +149% |
| Current assets | 29/58 | €39,288 | €73,925 | +€34,637 | +88.2% |
| Amounts receivable within one year | 40/41 | €12,678 | €20,058 | +€7,380 | +58.2% |
| Trade receivables | 40 | €8,697 | €15,100 | +€6,403 | +73.6% |
| Other amounts receivable | 41 | €3,981 | €4,958 | +€976 | +24.5% |
| Cash at bank and in hand | 54/58 | €26,509 | €53,026 | +€26,518 | +100% |
| Deferred charges and accrued income | 490/1 | €101 | €841 | +€740 | +732% |
| Total equity and liabilities | 10/49 | €40,669 | €77,359 | +€36,690 | +90.2% |
| Equity | 10/15 | €27,153 | €66,830 | +€39,677 | +146% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €40,510 | +€40,510 | |
| Distributable reserves | 133 | - | €40,510 | +€40,510 | |
| Profit (loss) carried forward | 14 | €25,153 | €24,320 | -€833 | -3.3% |
| Amounts payable | 17/49 | €13,516 | €10,529 | -€2,987 | -22.1% |
| Amounts payable within one year | 42/48 | €13,516 | €10,529 | -€2,987 | -22.1% |
| Trade debts | 44 | €176 | €662 | +€485 | +275% |
| Suppliers | 440/4 | €176 | €662 | +€485 | +275% |
| Taxes, remuneration and social security | 45 | €4,609 | €9,034 | +€4,425 | +96.0% |
| Taxes | 450/3 | €4,609 | €9,034 | +€4,425 | +96.0% |
| Other amounts payable | 47/48 | €8,730 | €833 | -€7,897 | -90.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €676 | €1,228 | +€552 | +81.7% |
| Gross operating margin | 9900 | €33,721 | €57,626 | +€23,905 | +70.9% |
| Operating profit (loss) | 9901 | €33,045 | €56,399 | +€23,353 | +70.7% |
| Financial income | 75/76B | €18 | €27 | +€9 | +48.2% |
| Recurring financial income | 75 | €18 | €27 | +€9 | +48.2% |
| Financial charges | 65/66B | €58 | €60 | +€2 | +2.7% |
| Recurring financial charges | 65 | €58 | €60 | +€2 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €33,005 | €56,365 | +€23,360 | +70.8% |
| Income taxes | 67/77 | €7,019 | €15,856 | +€8,837 | +126% |
| Profit (loss) for the period | 9904 | €25,986 | €40,510 | +€14,524 | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,986 | €40,510 | +€14,524 | +55.9% |
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 18 October 2026 via checked.be.