Karwan Team: what changed
Two fiscal 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.
Karwan Team
Largest movements
- Tangible fixed assets +€129,386
up €129,386 (+582.5%), from €22,213 to €151,599
- Receivables within one year +€63,783
up €63,783 (+182.8%), from €34,885 to €98,667
of which Trade receivables: +€61,279
- Financial fixed assets +€20,000
up €20,000 (+105.3%), from €19,000 to €39,000
- Cash +€14,534
up €14,534 (+348.2%), from €4,174 to €18,708
mainly Trade debts (+€119,727) and Net result for the year (+€65,588)
- Trade debts +€119,727
up €119,727 (+921.7%), from €12,990 to €132,718
- Profit (loss) carried forward +€69,569
up €69,569 (+158.1%), from €44,011 to €113,580
- Tax, wage and social debts +€29,417
up €29,417 (+366.0%), from €8,038 to €37,455
of which Taxes: +€23,261
- Current portion of long-term debt +€12,247
new in 2025: €12,247
- Other debts -€3,256
down €3,256 (-22.1%), from €14,732 to €11,476
- Gross operating margin +€198,005
up €198,005 (+243.8%), from €81,217 to €279,222
- Turnover -€153,540
no longer reported in 2025 (was €153,540)
- Staff costs +€145,089
up €145,089 (+433.3%), from €33,484 to €178,573
- Purchases and services -€72,323
no longer reported in 2025 (was €72,323)
- Depreciation +€13,432
up €13,432 (+804.4%), from €1,670 to €15,102
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.
Cash bridge derived
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 | €80,271 | €307,975 | +€227,704 | +283.7% |
| Fixed assets | 21/28 | €41,213 | €190,599 | +€149,386 | +362.5% |
| Tangible fixed assets | 22/27 | €22,213 | €151,599 | +€129,386 | +582.5% |
| Furniture and vehicles | 24 | €22,213 | €151,599 | +€129,386 | +582.5% |
| Financial fixed assets | 28 | €19,000 | €39,000 | +€20,000 | +105.3% |
| Current assets | 29/58 | €39,058 | €117,376 | +€78,317 | +200.5% |
| Amounts receivable within one year | 40/41 | €34,885 | €98,667 | +€63,783 | +182.8% |
| Trade receivables | 40 | €32,244 | €93,523 | +€61,279 | +190.1% |
| Other amounts receivable | 41 | €2,641 | €5,144 | +€2,503 | +94.8% |
| Cash at bank and in hand | 54/58 | €4,174 | €18,708 | +€14,534 | +348.2% |
| Total equity and liabilities | 10/49 | €80,271 | €307,975 | +€227,704 | +283.7% |
| Equity | 10/15 | €44,511 | €114,080 | +€69,569 | +156.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Outside capital | 11 | €500 | €500 | = | 0.0% |
| Other | 1109/19 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,011 | €113,580 | +€69,569 | +158.1% |
| Amounts payable | 17/49 | €35,760 | €193,895 | +€158,135 | +442.2% |
| Amounts payable within one year | 42/48 | €35,760 | €193,895 | +€158,135 | +442.2% |
| Current portion of amounts payable after more than one year | 42 | - | €12,247 | +€12,247 | |
| Trade debts | 44 | €12,990 | €132,718 | +€119,727 | +921.7% |
| Suppliers | 440/4 | €12,990 | €132,718 | +€119,727 | +921.7% |
| Taxes, remuneration and social security | 45 | €8,038 | €37,455 | +€29,417 | +366.0% |
| Taxes | 450/3 | €7,959 | €31,221 | +€23,261 | +292.3% |
| Remuneration and social security | 454/9 | €78 | €6,234 | +€6,155 | +7857.4% |
| Other amounts payable | 47/48 | €14,732 | €11,476 | -€3,256 | -22.1% |
| Turnover | 70 | €153,540 | - | -€153,540 | |
| Goods, raw materials, services and sundry goods | 60/61 | €72,323 | - | -€72,323 | |
| Remuneration, social security and pensions | 62 | €33,484 | €178,573 | +€145,089 | +433.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,670 | €15,102 | +€13,432 | +804.4% |
| Other operating charges | 640/8 | €1,939 | €10,859 | +€8,920 | +460.1% |
| Gross operating margin | 9900 | €81,217 | €279,222 | +€198,005 | +243.8% |
| Operating profit (loss) | 9901 | €44,124 | €74,688 | +€30,564 | +69.3% |
| Financial income | 75/76B | €5 | €12 | +€7 | +141.1% |
| Recurring financial income | 75 | €5 | €12 | +€7 | +141.1% |
| Financial charges | 65/66B | €118 | €656 | +€539 | +457.6% |
| Recurring financial charges | 65 | €118 | €656 | +€539 | +457.6% |
| Profit (loss) for the period before taxes | 9903 | €44,011 | €74,044 | +€30,033 | +68.2% |
| Income taxes | 67/77 | - | €8,456 | +€8,456 | |
| Profit (loss) for the period | 9904 | €44,011 | €65,588 | +€21,577 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,011 | €65,588 | +€21,577 | +49.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.