'T KARAKSKE: 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.
'T KARAKSKE
Largest movements
- Cash +€13,315
up €13,315 (+41.1%), from €32,408 to €45,724
mainly Net result for the year (+€17,133) and Depreciation (+€10,344)
- Receivables within one year +€8,164
up €8,164 (+42.3%), from €19,319 to €27,483
of which Other amounts receivable: +€7,366
- Stocks and contracts -€6,305
down €6,305 (-10.9%), from €57,681 to €51,375
- Deferred charges and accrued income -€2,041
down €2,041 (-46.3%), from €4,405 to €2,365
- Debts after one year +€7,353
new in 2025: €7,353
- Reserves +€6,832
up €6,832 (+6.0%), from €114,140 to €120,973
of which Distributable reserves: +€6,832
- Tax, wage and social debts +€2,573
up €2,573 (+139%), from €1,853 to €4,427
of which Taxes: +€2,557
- Accrued charges and deferred income +€1,996
up €1,996 (+436%), from €458 to €2,454
- Current portion of long-term debt -€1,929
down €1,929 (-49.3%), from €3,909 to €1,980
- Gross operating margin -€44,466
down €44,466 (-53.5%), from €83,120 to €38,654
- Staff costs -€20,397
down €20,397 (-94.2%), from €21,662 to €1,265
- Taxes -€7,078
down €7,078 (-50.8%), from €13,938 to €6,860
- Financial charges +€1,255
up €1,255 (+87.2%), from €1,439 to €2,694
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 | €142,331 | €156,679 | +€14,348 | +10.1% |
| Fixed assets | 21/28 | €28,518 | €29,732 | +€1,214 | +4.3% |
| Tangible fixed assets | 22/27 | €28,518 | €29,732 | +€1,214 | +4.3% |
| Land and buildings | 22 | €4,019 | €8,343 | +€4,324 | +108% |
| Plant, machinery and equipment | 23 | €21,993 | €19,708 | -€2,285 | -10.4% |
| Leasing and similar rights | 25 | €2,505 | €1,681 | -€825 | -32.9% |
| Current assets | 29/58 | €113,813 | €126,947 | +€13,134 | +11.5% |
| Stocks and contracts in progress | 3 | €57,681 | €51,375 | -€6,305 | -10.9% |
| Stocks | 30/36 | €57,681 | €51,375 | -€6,305 | -10.9% |
| Amounts receivable within one year | 40/41 | €19,319 | €27,483 | +€8,164 | +42.3% |
| Trade receivables | 40 | €16,459 | €17,258 | +€798 | +4.8% |
| Other amounts receivable | 41 | €2,859 | €10,225 | +€7,366 | +258% |
| Cash at bank and in hand | 54/58 | €32,408 | €45,724 | +€13,315 | +41.1% |
| Deferred charges and accrued income | 490/1 | €4,405 | €2,365 | -€2,041 | -46.3% |
| Total equity and liabilities | 10/49 | €142,331 | €156,679 | +€14,348 | +10.1% |
| Equity | 10/15 | €132,000 | €138,833 | +€6,832 | +5.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €114,140 | €120,973 | +€6,832 | +6.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €112,240 | €119,073 | +€6,832 | +6.1% |
| Profit (loss) carried forward | 14 | -€1,140 | -€1,140 | = | 0.0% |
| Amounts payable | 17/49 | €10,331 | €17,847 | +€7,516 | +72.8% |
| Amounts payable after more than one year | 17 | - | €7,353 | +€7,353 | |
| Financial debts | 170/4 | - | €7,353 | +€7,353 | |
| Amounts payable within one year | 42/48 | €9,873 | €8,040 | -€1,833 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €3,909 | €1,980 | -€1,929 | -49.3% |
| Trade debts | 44 | €3,194 | €1,634 | -€1,560 | -48.8% |
| Suppliers | 440/4 | €3,194 | €1,634 | -€1,560 | -48.8% |
| Advances received on contracts in progress | 46 | €120 | - | -€120 | |
| Taxes, remuneration and social security | 45 | €1,853 | €4,427 | +€2,573 | +139% |
| Taxes | 450/3 | €1,517 | €4,075 | +€2,557 | +169% |
| Remuneration and social security | 454/9 | €336 | €352 | +€16 | +4.8% |
| Other amounts payable | 47/48 | €797 | €0 | -€797 | -100% |
| Accrued charges and deferred income | 492/3 | €458 | €2,454 | +€1,996 | +436% |
| Remuneration, social security and pensions | 62 | €21,662 | €1,265 | -€20,397 | -94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,809 | €10,344 | +€535 | +5.5% |
| Other operating charges | 640/8 | €1,297 | €819 | -€478 | -36.9% |
| Gross operating margin | 9900 | €83,120 | €38,654 | -€44,466 | -53.5% |
| Operating profit (loss) | 9901 | €50,353 | €26,227 | -€24,126 | -47.9% |
| Financial income | 75/76B | €207 | €460 | +€253 | +122% |
| Recurring financial income | 75 | €207 | €460 | +€253 | +122% |
| Financial charges | 65/66B | €1,439 | €2,694 | +€1,255 | +87.2% |
| Recurring financial charges | 65 | €1,439 | €2,694 | +€1,255 | +87.2% |
| Profit (loss) for the period before taxes | 9903 | €49,121 | €23,993 | -€25,128 | -51.2% |
| Income taxes | 67/77 | €13,938 | €6,860 | -€7,078 | -50.8% |
| Profit (loss) for the period | 9904 | €35,183 | €17,133 | -€18,050 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,183 | €17,133 | -€18,050 | -51.3% |
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 23 October 2026 via checked.be.