KARWAI LEYS: 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.
KARWAI LEYS
Largest movements
- Cash -€20,293
down €20,293 (-50.5%), from €40,145 to €19,852
mainly Tax, wage and social debts (-€23,097) and Investment in fixed assets (net) (-€10,992)
- Tangible fixed assets -€5,494
down €5,494 (-2.5%), from €222,367 to €216,873
- Tax, wage and social debts -€23,097
no longer reported in 2025 (was €23,097)
of which Taxes: -€12,636
- Other debts +€17,777
new in 2025: €17,777
- Reserves -€10,100
down €10,100 (-20.4%), from €49,530 to €39,430
- Debts after one year -€9,877
down €9,877 (-5.1%), from €194,216 to €184,339
- Trade debts +€3,120
up €3,120 (+259%), from €1,204 to €4,325
- Gross operating margin -€28,838
down €28,838 (-55.9%), from €51,583 to €22,745
- Taxes -€7,637
down €7,637 (-89.0%), from €8,583 to €946
- Other operating charges -€1,527
down €1,527 (-37.5%), from €4,076 to €2,549
- Depreciation -€872
down €872 (-5.0%), from €17,358 to €16,486
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 | €296,781 | €273,520 | -€23,261 | -7.8% |
| Fixed assets | 21/28 | €222,367 | €216,873 | -€5,494 | -2.5% |
| Tangible fixed assets | 22/27 | €222,367 | €216,873 | -€5,494 | -2.5% |
| Plant, machinery and equipment | 23 | €2,374 | €345 | -€2,030 | -85.5% |
| Furniture and vehicles | 24 | €4,359 | €2,933 | -€1,426 | -32.7% |
| Other tangible fixed assets | 26 | €215,633 | €213,595 | -€2,038 | -0.9% |
| Current assets | 29/58 | €74,415 | €56,647 | -€17,767 | -23.9% |
| Amounts receivable within one year | 40/41 | €32,816 | €33,645 | +€829 | +2.5% |
| Trade receivables | 40 | €32,816 | €33,030 | +€214 | +0.7% |
| Other amounts receivable | 41 | - | €615 | +€615 | |
| Cash at bank and in hand | 54/58 | €40,145 | €19,852 | -€20,293 | -50.5% |
| Deferred charges and accrued income | 490/1 | €1,454 | €3,150 | +€1,697 | +117% |
| Total equity and liabilities | 10/49 | €296,781 | €273,520 | -€23,261 | -7.8% |
| Equity | 10/15 | €68,581 | €57,203 | -€11,378 | -16.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,530 | €39,430 | -€10,100 | -20.4% |
| Distributable reserves | 133 | €49,530 | €39,430 | -€10,100 | -20.4% |
| Profit (loss) carried forward | 14 | €451 | -€827 | -€1,278 | |
| Amounts payable | 17/49 | €228,200 | €216,317 | -€11,883 | -5.2% |
| Amounts payable after more than one year | 17 | €194,216 | €184,339 | -€9,877 | -5.1% |
| Financial debts | 170/4 | €194,216 | €184,339 | -€9,877 | -5.1% |
| Amounts payable within one year | 42/48 | €33,985 | €31,979 | -€2,006 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €9,684 | €9,877 | +€193 | +2.0% |
| Trade debts | 44 | €1,204 | €4,325 | +€3,120 | +259% |
| Suppliers | 440/4 | €1,204 | €4,325 | +€3,120 | +259% |
| Taxes, remuneration and social security | 45 | €23,097 | - | -€23,097 | |
| Taxes | 450/3 | €12,636 | - | -€12,636 | |
| Remuneration and social security | 454/9 | €10,461 | - | -€10,461 | |
| Other amounts payable | 47/48 | - | €17,777 | +€17,777 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,358 | €16,486 | -€872 | -5.0% |
| Other operating charges | 640/8 | €4,076 | €2,549 | -€1,527 | -37.5% |
| Gross operating margin | 9900 | €51,583 | €22,745 | -€28,838 | -55.9% |
| Operating profit (loss) | 9901 | €30,149 | €3,711 | -€26,438 | -87.7% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €4,521 | €4,065 | -€457 | -10.1% |
| Recurring financial charges | 65 | €4,521 | €4,065 | -€457 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €25,627 | -€332 | -€25,960 | |
| Income taxes | 67/77 | €8,583 | €946 | -€7,637 | -89.0% |
| Profit (loss) for the period | 9904 | €17,044 | -€1,278 | -€18,322 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,044 | -€1,278 | -€18,322 |
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.