Karwij: 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.
Karwij
Largest movements
- Cash -€11,947
down €11,947 (-34.4%), from €34,700 to €22,754
mainly Investment in fixed assets (net) (-€13,213) and Contributions, distributions and other (-€3,436)
- Tangible fixed assets +€9,272
up €9,272 (+128.0%), from €7,246 to €16,518
- Deferred charges and accrued income +€2,123
up €2,123 (+94.2%), from €2,253 to €4,376
- Receivables within one year +€1,310
up €1,310 (+34.6%), from €3,789 to €5,099
of which Trade receivables: +€1,516
- Reserves +€1,737
up €1,737 (+6.1%), from €28,670 to €30,407
of which Distributable reserves: +€1,737
- Trade debts -€1,260
down €1,260 (-70.9%), from €1,778 to €518
- Tax, wage and social debts +€718
up €718 (+54.1%), from €1,329 to €2,047
- Gross operating margin -€9,793
down €9,793 (-44.3%), from €22,104 to €12,311
- Taxes +€1,252
up €1,252 (+161.6%), from €775 to €2,026
- Depreciation +€623
up €623 (+18.8%), from €3,319 to €3,941
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 | €48,488 | €49,246 | +€758 | +1.6% |
| Fixed assets | 21/28 | €7,746 | €17,018 | +€9,272 | +119.7% |
| Tangible fixed assets | 22/27 | €7,246 | €16,518 | +€9,272 | +128.0% |
| Plant, machinery and equipment | 23 | €7,246 | €16,518 | +€9,272 | +128.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €40,742 | €32,228 | -€8,514 | -20.9% |
| Amounts receivable within one year | 40/41 | €3,789 | €5,099 | +€1,310 | +34.6% |
| Trade receivables | 40 | €3,012 | €4,528 | +€1,516 | +50.3% |
| Other amounts receivable | 41 | €777 | €571 | -€206 | -26.5% |
| Cash at bank and in hand | 54/58 | €34,700 | €22,754 | -€11,947 | -34.4% |
| Deferred charges and accrued income | 490/1 | €2,253 | €4,376 | +€2,123 | +94.2% |
| Total equity and liabilities | 10/49 | €48,488 | €49,246 | +€758 | +1.6% |
| Equity | 10/15 | €29,670 | €31,407 | +€1,737 | +5.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €28,670 | €30,407 | +€1,737 | +6.1% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €28,570 | €30,307 | +€1,737 | +6.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €18,818 | €17,839 | -€979 | -5.2% |
| Amounts payable within one year | 42/48 | €18,818 | €17,839 | -€979 | -5.2% |
| Trade debts | 44 | €1,778 | €518 | -€1,260 | -70.9% |
| Suppliers | 440/4 | €1,778 | €518 | -€1,260 | -70.9% |
| Taxes, remuneration and social security | 45 | €1,329 | €2,047 | +€718 | +54.1% |
| Taxes | 450/3 | €1,329 | €2,047 | +€718 | +54.1% |
| Other amounts payable | 47/48 | €15,711 | €15,274 | -€437 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,319 | €3,941 | +€623 | +18.8% |
| Other operating charges | 640/8 | €913 | €930 | +€17 | +1.9% |
| Gross operating margin | 9900 | €22,104 | €12,311 | -€9,793 | -44.3% |
| Operating profit (loss) | 9901 | €17,872 | €7,440 | -€10,432 | -58.4% |
| Financial income | 75/76B | €39 | €3 | -€35 | -91.8% |
| Recurring financial income | 75 | €39 | €3 | -€35 | -91.8% |
| Financial charges | 65/66B | €40 | €244 | +€204 | +511.1% |
| Recurring financial charges | 65 | €40 | €244 | +€204 | +511.1% |
| Profit (loss) for the period before taxes | 9903 | €17,871 | €7,199 | -€10,672 | -59.7% |
| Income taxes | 67/77 | €775 | €2,026 | +€1,252 | +161.6% |
| Profit (loss) for the period | 9904 | €17,096 | €5,173 | -€11,924 | -69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,096 | €5,173 | -€11,924 | -69.7% |
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 7 October 2026 via checked.be.