'T KAREELBOS: what changed
'T KAREELBOS
Largest movements
- Tangible fixed assets -€50,103
down €50,103 (-5.2%), from €969,492 to €919,390
of which Land and buildings: -€49,020
- Cash +€11,404
up €11,404 (+13.6%), from €83,869 to €95,273
mainly Depreciation (+€50,103) and Tax, wage and social debts (+€1,456)
- Profit (loss) carried forward -€24,593
down €24,593 (-21.3%), from -€115,583 to -€140,176
- Debts after one year -€12,968
down €12,968 (-10.2%), from €127,025 to €114,056
- Depreciation -€4,600
down €4,600 (-8.4%), from €54,702 to €50,103
- Gross operating margin -€4,560
down €4,560 (-12.6%), from €36,256 to €31,696
- Other operating charges -€1,768
down €1,768 (-42.8%), from €4,132 to €2,364
- Financial charges -€1,304
down €1,304 (-26.2%), from €4,983 to €3,680
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 | €1,102,860 | €1,064,160 | -€38,700 | -3.5% |
| Fixed assets | 21/28 | €971,392 | €921,290 | -€50,103 | -5.2% |
| Tangible fixed assets | 22/27 | €969,492 | €919,390 | -€50,103 | -5.2% |
| Land and buildings | 22 | €966,943 | €917,923 | -€49,020 | -5.1% |
| Plant, machinery and equipment | 23 | €2,550 | €1,466 | -€1,083 | -42.5% |
| Financial fixed assets | 28 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €131,468 | €142,871 | +€11,402 | +8.7% |
| Amounts receivable within one year | 40/41 | €46,146 | €46,305 | +€159 | +0.3% |
| Other amounts receivable | 41 | €46,146 | €46,305 | +€159 | +0.3% |
| Cash at bank and in hand | 54/58 | €83,869 | €95,273 | +€11,404 | +13.6% |
| Deferred charges and accrued income | 490/1 | €1,453 | €1,292 | -€161 | -11.1% |
| Total equity and liabilities | 10/49 | €1,102,860 | €1,064,160 | -€38,700 | -3.5% |
| Equity | 10/15 | -€96,983 | -€121,576 | -€24,593 | -25.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,583 | -€140,176 | -€24,593 | -21.3% |
| Amounts payable | 17/49 | €1,199,843 | €1,185,736 | -€14,107 | -1.2% |
| Amounts payable after more than one year | 17 | €127,025 | €114,056 | -€12,968 | -10.2% |
| Financial debts | 170/4 | €127,025 | €114,056 | -€12,968 | -10.2% |
| Amounts payable within one year | 42/48 | €1,072,818 | €1,071,679 | -€1,139 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €12,638 | €12,968 | +€331 | +2.6% |
| Trade debts | 44 | €638 | €2 | -€636 | -99.7% |
| Suppliers | 440/4 | €638 | €2 | -€636 | -99.7% |
| Taxes, remuneration and social security | 45 | €135 | €1,592 | +€1,456 | +1,076% |
| Taxes | 450/3 | €135 | €1,592 | +€1,456 | +1,076% |
| Other amounts payable | 47/48 | €1,059,407 | €1,057,117 | -€2,290 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,702 | €50,103 | -€4,600 | -8.4% |
| Other operating charges | 640/8 | €4,132 | €2,364 | -€1,768 | -42.8% |
| Gross operating margin | 9900 | €36,256 | €31,696 | -€4,560 | -12.6% |
| Operating profit (loss) | 9901 | -€22,579 | -€20,771 | +€1,808 | +8.0% |
| Financial charges | 65/66B | €4,983 | €3,680 | -€1,304 | -26.2% |
| Recurring financial charges | 65 | €4,983 | €3,680 | -€1,304 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,562 | -€24,450 | +€3,112 | +11.3% |
| Income taxes | 67/77 | €135 | €143 | +€7 | +5.5% |
| Profit (loss) for the period | 9904 | -€27,697 | -€24,593 | +€3,104 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,697 | -€24,593 | +€3,104 | +11.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.