KARWEIWERKEN CARL: what changed
KARWEIWERKEN CARL
Largest movements
- Receivables within one year +€14,408
up €14,408 (+939%), from €1,535 to €15,942
of which Trade receivables: +€13,026
- Cash -€8,009
down €8,009 (-7.9%), from €101,207 to €93,197
mainly Receivables within one year (-€14,408) and Investment in fixed assets (net) (-€13,776)
- Tangible fixed assets +€4,666
up €4,666 (+12.5%), from €37,394 to €42,060
of which Plant, machinery and equipment: +€3,692
- Reserves +€11,102
up €11,102 (+17.6%), from €62,920 to €74,022
of which Distributable reserves: +€11,102
- Other debts -€7,761
down €7,761 (-19.1%), from €40,702 to €32,941
- Tax, wage and social debts +€5,980
up €5,980 (+73.0%), from €8,187 to €14,168
of which Taxes: +€5,973
- Trade debts +€1,812
up €1,812 (+165%), from €1,098 to €2,910
- Gross operating margin +€10,625
up €10,625 (+30.4%), from €34,998 to €45,622
- Depreciation +€5,933
up €5,933 (+187%), from €3,178 to €9,110
- Taxes +€1,553
up €1,553 (+15.1%), from €10,263 to €11,815
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 | €143,598 | €154,732 | +€11,134 | +7.8% |
| Fixed assets | 21/28 | €37,394 | €42,060 | +€4,666 | +12.5% |
| Tangible fixed assets | 22/27 | €37,394 | €42,060 | +€4,666 | +12.5% |
| Plant, machinery and equipment | 23 | €1,200 | €4,892 | +€3,692 | +308% |
| Furniture and vehicles | 24 | €36,194 | €37,168 | +€974 | +2.7% |
| Current assets | 29/58 | €106,204 | €112,672 | +€6,468 | +6.1% |
| Amounts receivable within one year | 40/41 | €1,535 | €15,942 | +€14,408 | +939% |
| Trade receivables | 40 | €733 | €13,759 | +€13,026 | +1,778% |
| Other amounts receivable | 41 | €802 | €2,183 | +€1,381 | +172% |
| Cash at bank and in hand | 54/58 | €101,207 | €93,197 | -€8,009 | -7.9% |
| Deferred charges and accrued income | 490/1 | €3,463 | €3,533 | +€70 | +2.0% |
| Total equity and liabilities | 10/49 | €143,598 | €154,732 | +€11,134 | +7.8% |
| Equity | 10/15 | €93,611 | €104,713 | +€11,102 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,920 | €74,022 | +€11,102 | +17.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €61,060 | €72,162 | +€11,102 | +18.2% |
| Profit (loss) carried forward | 14 | €12,091 | €12,091 | = | 0.0% |
| Amounts payable | 17/49 | €49,987 | €50,019 | +€32 | +0.1% |
| Amounts payable within one year | 42/48 | €49,987 | €50,019 | +€32 | +0.1% |
| Trade debts | 44 | €1,098 | €2,910 | +€1,812 | +165% |
| Suppliers | 440/4 | €1,098 | €2,910 | +€1,812 | +165% |
| Taxes, remuneration and social security | 45 | €8,187 | €14,168 | +€5,980 | +73.0% |
| Taxes | 450/3 | €6,738 | €12,711 | +€5,973 | +88.6% |
| Remuneration and social security | 454/9 | €1,449 | €1,456 | +€7 | +0.5% |
| Other amounts payable | 47/48 | €40,702 | €32,941 | -€7,761 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,178 | €9,110 | +€5,933 | +187% |
| Other operating charges | 640/8 | €723 | €653 | -€71 | -9.8% |
| Gross operating margin | 9900 | €34,998 | €45,622 | +€10,625 | +30.4% |
| Operating profit (loss) | 9901 | €31,097 | €35,859 | +€4,763 | +15.3% |
| Financial income | 75/76B | €381 | €313 | -€68 | -17.9% |
| Recurring financial income | 75 | €381 | €313 | -€68 | -17.9% |
| Financial charges | 65/66B | €821 | €585 | -€236 | -28.7% |
| Recurring financial charges | 65 | €821 | €585 | -€236 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €30,656 | €35,587 | +€4,931 | +16.1% |
| Income taxes | 67/77 | €10,263 | €11,815 | +€1,553 | +15.1% |
| Profit (loss) for the period | 9904 | €20,394 | €23,772 | +€3,378 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,394 | €23,772 | +€3,378 | +16.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.