Karweide: 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.
Karweide
Largest movements
- Receivables within one year -€83,624
down €83,624 (-52.6%), from €159,060 to €75,437
of which Trade receivables: -€81,926
- Financial fixed assets +€15,000
up €15,000 (+6000.0%), from €250 to €15,250
- Cash +€6,648
up €6,648 (+16.3%), from €40,809 to €47,457
mainly Receivables within one year (+€83,624) and Depreciation (+€10,250)
- Tangible fixed assets -€4,971
down €4,971 (-12.8%), from €38,768 to €33,797
of which Furniture and vehicles: -€5,226
- Trade debts -€44,012
down €44,012 (-93.3%), from €47,148 to €3,136
- Debts after one year -€12,220
down €12,220 (-50.2%), from €24,328 to €12,108
- Profit (loss) carried forward -€9,380
down €9,380 (-7.7%), from €121,470 to €112,091
- Tax, wage and social debts -€3,425
no longer reported in 2025 (was €3,425)
- Gross operating margin -€66,783
down €66,783 (-73.1%), from €91,317 to €24,534
- Taxes -€17,756
down €17,756 (-86.7%), from €20,475 to €2,719
- Financial charges +€1,968
up €1,968 (+119.8%), from €1,643 to €3,611
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 | €241,756 | €173,245 | -€68,511 | -28.3% |
| Fixed assets | 21/28 | €39,018 | €49,047 | +€10,029 | +25.7% |
| Tangible fixed assets | 22/27 | €38,768 | €33,797 | -€4,971 | -12.8% |
| Plant, machinery and equipment | 23 | €16,065 | €14,886 | -€1,179 | -7.3% |
| Furniture and vehicles | 24 | €20,988 | €15,762 | -€5,226 | -24.9% |
| Other tangible fixed assets | 26 | €1,715 | €3,149 | +€1,434 | +83.6% |
| Financial fixed assets | 28 | €250 | €15,250 | +€15,000 | +6000.0% |
| Current assets | 29/58 | €202,738 | €124,198 | -€78,540 | -38.7% |
| Amounts receivable within one year | 40/41 | €159,060 | €75,437 | -€83,624 | -52.6% |
| Trade receivables | 40 | €136,933 | €55,008 | -€81,926 | -59.8% |
| Other amounts receivable | 41 | €22,127 | €20,429 | -€1,698 | -7.7% |
| Cash at bank and in hand | 54/58 | €40,809 | €47,457 | +€6,648 | +16.3% |
| Deferred charges and accrued income | 490/1 | €2,868 | €1,304 | -€1,564 | -54.5% |
| Total equity and liabilities | 10/49 | €241,756 | €173,245 | -€68,511 | -28.3% |
| Equity | 10/15 | €128,470 | €119,091 | -€9,380 | -7.3% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,470 | €112,091 | -€9,380 | -7.7% |
| Amounts payable | 17/49 | €113,285 | €54,154 | -€59,131 | -52.2% |
| Amounts payable after more than one year | 17 | €24,328 | €12,108 | -€12,220 | -50.2% |
| Financial debts | 170/4 | €24,328 | €12,108 | -€12,220 | -50.2% |
| Amounts payable within one year | 42/48 | €88,838 | €42,006 | -€46,832 | -52.7% |
| Current portion of amounts payable after more than one year | 42 | €11,832 | €12,220 | +€389 | +3.3% |
| Trade debts | 44 | €47,148 | €3,136 | -€44,012 | -93.3% |
| Suppliers | 440/4 | €47,148 | €3,136 | -€44,012 | -93.3% |
| Taxes, remuneration and social security | 45 | €3,425 | - | -€3,425 | |
| Taxes | 450/3 | €3,425 | - | -€3,425 | |
| Other amounts payable | 47/48 | €26,433 | €26,650 | +€217 | +0.8% |
| Accrued charges and deferred income | 492/3 | €119 | €40 | -€79 | -66.4% |
| Non-recurring operating income | 76A | €4,800 | - | -€4,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,033 | €10,250 | +€216 | +2.2% |
| Other operating charges | 640/8 | €809 | €716 | -€93 | -11.5% |
| Gross operating margin | 9900 | €91,317 | €24,534 | -€66,783 | -73.1% |
| Operating profit (loss) | 9901 | €80,475 | €13,569 | -€66,906 | -83.1% |
| Financial income | 75/76B | - | €382 | +€382 | |
| Recurring financial income | 75 | - | €382 | +€382 | |
| Financial charges | 65/66B | €1,643 | €3,611 | +€1,968 | +119.8% |
| Recurring financial charges | 65 | €1,643 | €3,611 | +€1,968 | +119.8% |
| Profit (loss) for the period before taxes | 9903 | €78,831 | €10,339 | -€68,492 | -86.9% |
| Income taxes | 67/77 | €20,475 | €2,719 | -€17,756 | -86.7% |
| Profit (loss) for the period | 9904 | €58,356 | €7,620 | -€50,736 | -86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €58,356 | €7,620 | -€50,736 | -86.9% |
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 10 October 2026 via checked.be.