TENDANCE KARRé: what changed
TENDANCE KARRé
Largest movements
- Cash +€1.1m
up €1.1m (+3,582%), from €30,534 to €1.1m
mainly Current investments (+€715,000) and Receivables within one year (+€236,618)
- Current investments -€715,000
down €715,000 (-100%), from €715,000 to €0
- Receivables within one year -€236,618
down €236,618 (-23.4%), from €1.0m to €776,163
of which Other amounts receivable: -€209,422
- Tangible fixed assets +€34,942
up €34,942 (+26.4%), from €132,166 to €167,109
of which Furniture and vehicles: +€37,761
- Profit (loss) carried forward +€100,402
up €100,402 (+8.4%), from €1.2m to €1.3m
- Reserves +€84,200
up €84,200 (+19.5%), from €431,680 to €515,880
of which Tax-exempt reserves: +€84,200
- Gross operating margin -€49,214
down €49,214 (-16.6%), from €296,831 to €247,617
- Staff costs -€24,656
down €24,656 (-82.7%), from €29,824 to €5,168
- Financial income -€12,427
down €12,427 (-25.0%), from €49,785 to €37,357
- Depreciation +€7,915
up €7,915 (+281%), from €2,819 to €10,734
- Other operating charges +€6,203
up €6,203 (+651%), from €953 to €7,156
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 | €1,895,608 | €2,083,136 | +€187,529 | +9.9% |
| Fixed assets | 21/28 | €132,366 | €167,309 | +€34,942 | +26.4% |
| Tangible fixed assets | 22/27 | €132,166 | €167,109 | +€34,942 | +26.4% |
| Land and buildings | 22 | €132,166 | €129,348 | -€2,819 | -2.1% |
| Furniture and vehicles | 24 | €0 | €37,761 | +€37,761 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €1,763,241 | €1,915,828 | +€152,586 | +8.7% |
| Amounts receivable within one year | 40/41 | €1,012,781 | €776,163 | -€236,618 | -23.4% |
| Trade receivables | 40 | €258,788 | €231,592 | -€27,196 | -10.5% |
| Other amounts receivable | 41 | €753,993 | €544,572 | -€209,422 | -27.8% |
| Current investments | 50/53 | €715,000 | €0 | -€715,000 | -100% |
| Cash at bank and in hand | 54/58 | €30,534 | €1,124,295 | +€1.1m | +3,582% |
| Deferred charges and accrued income | 490/1 | €4,926 | €15,369 | +€10,443 | +212% |
| Total equity and liabilities | 10/49 | €1,895,608 | €2,083,136 | +€187,529 | +9.9% |
| Equity | 10/15 | €1,650,311 | €1,834,913 | +€184,602 | +11.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €431,680 | €515,880 | +€84,200 | +19.5% |
| Tax-exempt reserves | 132 | €256,810 | €341,010 | +€84,200 | +32.8% |
| Distributable reserves | 133 | €174,870 | €174,870 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,198,631 | €1,299,033 | +€100,402 | +8.4% |
| Amounts payable | 17/49 | €245,296 | €248,223 | +€2,927 | +1.2% |
| Amounts payable within one year | 42/48 | €229,110 | €233,761 | +€4,651 | +2.0% |
| Trade debts | 44 | €2,569 | €429 | -€2,140 | -83.3% |
| Suppliers | 440/4 | €2,569 | €429 | -€2,140 | -83.3% |
| Taxes, remuneration and social security | 45 | €49,381 | €46,581 | -€2,799 | -5.7% |
| Taxes | 450/3 | €45,782 | €46,581 | +€799 | +1.7% |
| Remuneration and social security | 454/9 | €3,598 | €0 | -€3,598 | -100% |
| Other amounts payable | 47/48 | €177,161 | €186,751 | +€9,590 | +5.4% |
| Accrued charges and deferred income | 492/3 | €16,186 | €14,462 | -€1,724 | -10.7% |
| Remuneration, social security and pensions | 62 | €29,824 | €5,168 | -€24,656 | -82.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,819 | €10,734 | +€7,915 | +281% |
| Other operating charges | 640/8 | €953 | €7,156 | +€6,203 | +651% |
| Gross operating margin | 9900 | €296,831 | €247,617 | -€49,214 | -16.6% |
| Operating profit (loss) | 9901 | €263,235 | €224,559 | -€38,676 | -14.7% |
| Financial income | 75/76B | €49,785 | €37,357 | -€12,427 | -25.0% |
| Recurring financial income | 75 | €49,785 | €37,357 | -€12,427 | -25.0% |
| Financial charges | 65/66B | €17,022 | €13,062 | -€3,960 | -23.3% |
| Recurring financial charges | 65 | €17,022 | €13,062 | -€3,960 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €295,998 | €248,854 | -€47,143 | -15.9% |
| Income taxes | 67/77 | €69,086 | €64,252 | -€4,834 | -7.0% |
| Profit (loss) for the period | 9904 | €226,911 | €184,602 | -€42,309 | -18.6% |
| Transfer from tax-exempt reserves | 789 | €79,990 | €0 | -€79,990 | -100% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €84,200 | -€21,050 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €201,651 | €100,402 | -€101,249 | -50.2% |
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 3 November 2026 via checked.be.