KARWEI VAN HOLLEBEKE: 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.
KARWEI VAN HOLLEBEKE
Largest movements
- Tangible fixed assets -€32,788
down €32,788 (-94.7%), from €34,614 to €1,825
of which Furniture and vehicles: -€33,896
- Cash +€30,873
up €30,873 (+283%), from €10,916 to €41,789
mainly Investment in fixed assets (net) (+€32,090) and Receivables within one year (+€6,345)
- Receivables within one year -€6,345
down €6,345 (-88.2%), from €7,195 to €849
of which Trade receivables: -€4,804
- Profit (loss) carried forward -€6,669
down €6,669 (-8.0%), from €83,600 to €76,931
- Other debts -€3,204
down €3,204 (-15.7%), from €20,351 to €17,148
- Tax, wage and social debts +€1,720
up €1,720 (+420%), from €409 to €2,130
- Depreciation -€8,253
down €8,253 (-92.2%), from €8,951 to €698
- Gross operating margin -€5,265
down €5,265 (-39.6%), from €13,310 to €8,045
- Other operating charges -€2,774
down €2,774 (-85.0%), from €3,265 to €491
- Financial income +€2,496
up €2,496 (+64,667%), from €4 to €2,500
of which Non-recurring financial income: +€2,500
- Taxes -€451
no longer reported in 2025 (was €451)
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 | €124,929 | €116,669 | -€8,260 | -6.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €34,614 | €1,825 | -€32,788 | -94.7% |
| Tangible fixed assets | 22/27 | €34,614 | €1,825 | -€32,788 | -94.7% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €1,107 | +€1,107 | |
| Furniture and vehicles | 24 | €34,614 | €718 | -€33,896 | -97.9% |
| Current assets | 29/58 | €90,315 | €114,843 | +€24,528 | +27.2% |
| Amounts receivable after more than one year | 29 | €72,205 | €72,205 | = | 0.0% |
| Trade receivables | 290 | €72,205 | €72,205 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,195 | €849 | -€6,345 | -88.2% |
| Trade receivables | 40 | €4,804 | - | -€4,804 | |
| Other amounts receivable | 41 | €2,390 | €849 | -€1,541 | -64.5% |
| Cash at bank and in hand | 54/58 | €10,916 | €41,789 | +€30,873 | +283% |
| Total equity and liabilities | 10/49 | €124,929 | €116,669 | -€8,260 | -6.6% |
| Equity | 10/15 | €104,060 | €97,391 | -€6,669 | -6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,600 | €76,931 | -€6,669 | -8.0% |
| Amounts payable | 17/49 | €20,869 | €19,278 | -€1,591 | -7.6% |
| Amounts payable within one year | 42/48 | €20,869 | €19,278 | -€1,591 | -7.6% |
| Trade debts | 44 | €108 | - | -€108 | |
| Suppliers | 440/4 | €108 | - | -€108 | |
| Taxes, remuneration and social security | 45 | €409 | €2,130 | +€1,720 | +420% |
| Taxes | 450/3 | €409 | €2,130 | +€1,720 | +420% |
| Other amounts payable | 47/48 | €20,351 | €17,148 | -€3,204 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,951 | €698 | -€8,253 | -92.2% |
| Other operating charges | 640/8 | €3,265 | €491 | -€2,774 | -85.0% |
| Non-recurring operating charges | 66A | - | €15,939 | +€15,939 | |
| Gross operating margin | 9900 | €13,310 | €8,045 | -€5,265 | -39.6% |
| Operating profit (loss) | 9901 | €1,094 | -€9,084 | -€10,178 | |
| Financial income | 75/76B | €4 | €2,500 | +€2,496 | +64,667% |
| Recurring financial income | 75 | €4 | €2,500 | +€2,496 | +64,667% |
| Non-recurring financial income | 76B | - | €2,500 | +€2,500 | |
| Financial charges | 65/66B | €57 | €85 | +€28 | +48.0% |
| Recurring financial charges | 65 | €57 | €85 | +€28 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | €1,041 | -€6,669 | -€7,709 | |
| Income taxes | 67/77 | €451 | - | -€451 | |
| Profit (loss) for the period | 9904 | €590 | -€6,669 | -€7,258 | |
| Profit (loss) for the period to be appropriated | 9905 | €590 | -€6,669 | -€7,258 |
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 22 October 2026 via checked.be.