Karwei Arrova: what changed
Karwei Arrova
Largest movements
- Tangible fixed assets -€6,097
down €6,097 (-35.6%), from €17,126 to €11,029
of which Furniture and vehicles: -€5,018
- Receivables within one year +€755
up €755 (+3.4%), from €22,003 to €22,758
of which Trade receivables: +€4,015
- Debts after one year -€15,480
down €15,480 (-90.2%), from €17,158 to €1,678
- Profit (loss) carried forward +€10,693
up €10,693 (+86.8%), from -€12,327 to -€1,633
- Trade debts +€9,917
up €9,917 (+207%), from €4,801 to €14,718
- Other debts -€9,200
down €9,200 (-99.0%), from €9,294 to €94
- Current portion of long-term debt -€2,256
down €2,256 (-29.6%), from €7,631 to €5,375
- Depreciation -€25,242
down €25,242 (-80.5%), from €31,339 to €6,097
- Gross operating margin -€7,053
down €7,053 (-30.2%), from €23,378 to €16,326
- Taxes -€2,283
down €2,283 (-79.4%), from €2,877 to €594
- Financial income +€1,964
up €1,964 (+251%), from €781 to €2,745
- Financial charges -€743
down €743 (-51.1%), from €1,454 to €711
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,230 | €64,400 | -€5,830 | -8.3% |
| Fixed assets | 21/28 | €19,166 | €13,103 | -€6,063 | -31.6% |
| Tangible fixed assets | 22/27 | €17,126 | €11,029 | -€6,097 | -35.6% |
| Land and buildings | 22 | €589 | €130 | -€459 | -78.0% |
| Plant, machinery and equipment | 23 | €2,172 | €1,552 | -€620 | -28.6% |
| Furniture and vehicles | 24 | €14,366 | €9,348 | -€5,018 | -34.9% |
| Financial fixed assets | 28 | €2,040 | €2,074 | +€34 | +1.6% |
| Current assets | 29/58 | €51,064 | €51,297 | +€233 | +0.5% |
| Amounts receivable within one year | 40/41 | €22,003 | €22,758 | +€755 | +3.4% |
| Trade receivables | 40 | €14,683 | €18,698 | +€4,015 | +27.3% |
| Other amounts receivable | 41 | €7,320 | €4,059 | -€3,260 | -44.5% |
| Cash at bank and in hand | 54/58 | €27,889 | €27,992 | +€103 | +0.4% |
| Deferred charges and accrued income | 490/1 | €1,172 | €547 | -€624 | -53.3% |
| Total equity and liabilities | 10/49 | €70,230 | €64,400 | -€5,830 | -8.3% |
| Equity | 10/15 | €30,631 | €41,325 | +€10,693 | +34.9% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €31,758 | €31,758 | = | 0.0% |
| Distributable reserves | 133 | €31,758 | €31,758 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,327 | -€1,633 | +€10,693 | +86.8% |
| Amounts payable | 17/49 | €39,599 | €23,076 | -€16,523 | -41.7% |
| Amounts payable after more than one year | 17 | €17,158 | €1,678 | -€15,480 | -90.2% |
| Financial debts | 170/4 | €17,158 | €1,678 | -€15,480 | -90.2% |
| Amounts payable within one year | 42/48 | €22,441 | €21,398 | -€1,043 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €7,631 | €5,375 | -€2,256 | -29.6% |
| Trade debts | 44 | €4,801 | €14,718 | +€9,917 | +207% |
| Suppliers | 440/4 | €4,801 | €14,718 | +€9,917 | +207% |
| Taxes, remuneration and social security | 45 | €715 | €1,211 | +€497 | +69.5% |
| Taxes | 450/3 | €715 | €1,211 | +€497 | +69.5% |
| Other amounts payable | 47/48 | €9,294 | €94 | -€9,200 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,339 | €6,097 | -€25,242 | -80.5% |
| Other operating charges | 640/8 | €909 | €976 | +€67 | +7.3% |
| Gross operating margin | 9900 | €23,378 | €16,326 | -€7,053 | -30.2% |
| Operating profit (loss) | 9901 | -€8,870 | €9,253 | +€18,123 | |
| Financial income | 75/76B | €781 | €2,745 | +€1,964 | +251% |
| Recurring financial income | 75 | €781 | €2,745 | +€1,964 | +251% |
| Financial charges | 65/66B | €1,454 | €711 | -€743 | -51.1% |
| Recurring financial charges | 65 | €1,454 | €711 | -€743 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,542 | €11,287 | +€20,829 | |
| Income taxes | 67/77 | €2,877 | €594 | -€2,283 | -79.4% |
| Profit (loss) for the period | 9904 | -€12,419 | €10,693 | +€23,113 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,419 | €10,693 | +€23,113 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.