Team Karlien: 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.
Team Karlien
Largest movements
- Cash -€60,030
down €60,030 (-74.4%), from €80,635 to €20,606
mainly Contributions, distributions and other (-€69,291) and Other debts (-€7,052)
- Receivables within one year +€4,638
up €4,638 (+26.2%), from €17,727 to €22,365
of which Other amounts receivable: +€9,240
- Deferred charges and accrued income -€1,216
down €1,216 (-90.8%), from €1,339 to €123
- Profit (loss) carried forward -€69,291
no longer reported in 2025 (was €69,291)
- Reserves +€20,917
new in 2025: €20,917
- Other debts -€7,052
no longer reported in 2025 (was €7,052)
- Tax, wage and social debts -€4,104
down €4,104 (-19.8%), from €20,741 to €16,636
- Trade debts +€3,204
up €3,204 (+829.4%), from €386 to €3,590
- Gross operating margin -€22,374
down €22,374 (-41.8%), from €53,559 to €31,185
- Taxes -€3,376
down €3,376 (-33.6%), from €10,042 to €6,666
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 | €100,470 | €44,144 | -€56,327 | -56.1% |
| Fixed assets | 21/28 | €770 | €1,051 | +€281 | +36.5% |
| Tangible fixed assets | 22/27 | €730 | €1,051 | +€321 | +44.0% |
| Furniture and vehicles | 24 | €730 | €1,051 | +€321 | +44.0% |
| Financial fixed assets | 28 | €40 | - | -€40 | |
| Current assets | 29/58 | €99,701 | €43,093 | -€56,608 | -56.8% |
| Amounts receivable within one year | 40/41 | €17,727 | €22,365 | +€4,638 | +26.2% |
| Trade receivables | 40 | €17,727 | €13,125 | -€4,602 | -26.0% |
| Other amounts receivable | 41 | - | €9,240 | +€9,240 | |
| Cash at bank and in hand | 54/58 | €80,635 | €20,606 | -€60,030 | -74.4% |
| Deferred charges and accrued income | 490/1 | €1,339 | €123 | -€1,216 | -90.8% |
| Total equity and liabilities | 10/49 | €100,470 | €44,144 | -€56,327 | -56.1% |
| Equity | 10/15 | €72,291 | €23,917 | -€48,374 | -66.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €20,917 | +€20,917 | |
| Distributable reserves | 133 | - | €20,917 | +€20,917 | |
| Profit (loss) carried forward | 14 | €69,291 | - | -€69,291 | |
| Amounts payable | 17/49 | €28,180 | €20,227 | -€7,953 | -28.2% |
| Amounts payable within one year | 42/48 | €28,180 | €20,227 | -€7,953 | -28.2% |
| Trade debts | 44 | €386 | €3,590 | +€3,204 | +829.4% |
| Suppliers | 440/4 | €386 | €3,590 | +€3,204 | +829.4% |
| Taxes, remuneration and social security | 45 | €20,741 | €16,636 | -€4,104 | -19.8% |
| Taxes | 450/3 | €20,741 | €16,636 | -€4,104 | -19.8% |
| Other amounts payable | 47/48 | €7,052 | - | -€7,052 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €906 | €652 | -€254 | -28.0% |
| Other operating charges | 640/8 | €1,460 | €958 | -€502 | -34.4% |
| Gross operating margin | 9900 | €53,559 | €31,185 | -€22,374 | -41.8% |
| Operating profit (loss) | 9901 | €51,194 | €29,576 | -€21,618 | -42.2% |
| Financial income | 75/76B | €145 | €109 | -€36 | -24.8% |
| Recurring financial income | 75 | €145 | €109 | -€36 | -24.8% |
| Financial charges | 65/66B | €2,285 | €2,102 | -€183 | -8.0% |
| Recurring financial charges | 65 | €2,285 | €2,102 | -€183 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €49,054 | €27,583 | -€21,471 | -43.8% |
| Income taxes | 67/77 | €10,042 | €6,666 | -€3,376 | -33.6% |
| Profit (loss) for the period | 9904 | €39,012 | €20,917 | -€18,095 | -46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,012 | €20,917 | -€18,095 | -46.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.