DHAN.KARTAR: 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.
DHAN.KARTAR
Largest movements
- Cash -€26,825
down €26,825 (-95.9%), from €27,974 to €1,149
mainly Debts after one year (-€12,931) and Net result for the year (-€7,499)
- Tangible fixed assets -€18,457
down €18,457 (-11.4%), from €162,221 to €143,764
- Formation expenses +€14,062
new in 2025: €14,062
- Stocks and contracts +€2,879
up €2,879 (+5.2%), from €55,015 to €57,894
- Debts after one year -€12,931
down €12,931 (-10.0%), from €128,959 to €116,028
- Profit (loss) carried forward -€7,499
down €7,499, from €5,639 to -€1,860
- Other debts -€7,184
down €7,184 (-27.2%), from €26,435 to €19,251
- Tax, wage and social debts -€5,703
down €5,703 (-38.2%), from €14,910 to €9,207
of which Remuneration and social security: -€7,005
- Staff costs -€16,800
no longer reported in 2025 (was €16,800)
- Purchases and services +€15,791
up €15,791 (+4.6%), from €345,548 to €361,339
- Gross operating margin -€8,777
down €8,777, from €7,357 to -€1,420
- Turnover +€7,014
up €7,014 (+2.0%), from €352,905 to €359,919
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 | €250,490 | €220,269 | -€30,221 | -12.1% |
| Formation expenses | 20 | - | €14,062 | +€14,062 | |
| Fixed assets | 21/28 | €163,151 | €144,694 | -€18,457 | -11.3% |
| Tangible fixed assets | 22/27 | €162,221 | €143,764 | -€18,457 | -11.4% |
| Land and buildings | 22 | €162,221 | €143,764 | -€18,457 | -11.4% |
| Financial fixed assets | 28 | €930 | €930 | = | 0.0% |
| Current assets | 29/58 | €87,339 | €61,513 | -€25,826 | -29.6% |
| Stocks and contracts in progress | 3 | €55,015 | €57,894 | +€2,879 | +5.2% |
| Stocks | 30/36 | €55,015 | €57,894 | +€2,879 | +5.2% |
| Amounts receivable within one year | 40/41 | €4,350 | €2,470 | -€1,880 | -43.2% |
| Trade receivables | 40 | €1,600 | - | -€1,600 | |
| Other amounts receivable | 41 | €2,750 | €2,470 | -€280 | -10.2% |
| Cash at bank and in hand | 54/58 | €27,974 | €1,149 | -€26,825 | -95.9% |
| Total equity and liabilities | 10/49 | €250,490 | €220,269 | -€30,221 | -12.1% |
| Equity | 10/15 | €25,078 | €17,579 | -€7,499 | -29.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €839 | €839 | = | 0.0% |
| Non-distributable reserves | 130/1 | €839 | €839 | = | 0.0% |
| Legal reserve | 130 | €839 | - | -€839 | |
| Reserves not available under the articles | 1311 | - | €839 | +€839 | |
| Profit (loss) carried forward | 14 | €5,639 | -€1,860 | -€7,499 | |
| Amounts payable | 17/49 | €225,412 | €202,690 | -€22,722 | -10.1% |
| Amounts payable after more than one year | 17 | €128,959 | €116,028 | -€12,931 | -10.0% |
| Financial debts | 170/4 | €128,959 | €116,028 | -€12,931 | -10.0% |
| Amounts payable within one year | 42/48 | €96,453 | €86,662 | -€9,791 | -10.2% |
| Financial debts | 43 | - | €708 | +€708 | |
| Credit institutions | 430/8 | - | €708 | +€708 | |
| Trade debts | 44 | €55,108 | €57,496 | +€2,388 | +4.3% |
| Suppliers | 440/4 | €55,108 | €57,496 | +€2,388 | +4.3% |
| Taxes, remuneration and social security | 45 | €14,910 | €9,207 | -€5,703 | -38.2% |
| Taxes | 450/3 | €3,874 | €5,176 | +€1,302 | +33.6% |
| Remuneration and social security | 454/9 | €11,036 | €4,031 | -€7,005 | -63.5% |
| Other amounts payable | 47/48 | €26,435 | €19,251 | -€7,184 | -27.2% |
| Turnover | 70 | €352,905 | €359,919 | +€7,014 | +2.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €345,548 | €361,339 | +€15,791 | +4.6% |
| Remuneration, social security and pensions | 62 | €16,800 | - | -€16,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,395 | €4,395 | = | 0.0% |
| Other operating charges | 640/8 | €419 | €291 | -€128 | -30.5% |
| Gross operating margin | 9900 | €7,357 | -€1,420 | -€8,777 | |
| Operating profit (loss) | 9901 | -€14,257 | -€6,106 | +€8,151 | +57.2% |
| Financial charges | 65/66B | €140 | €1,393 | +€1,253 | +895% |
| Recurring financial charges | 65 | €140 | €1,393 | +€1,253 | +895% |
| Profit (loss) for the period before taxes | 9903 | -€14,397 | -€7,499 | +€6,898 | +47.9% |
| Profit (loss) for the period | 9904 | -€14,397 | -€7,499 | +€6,898 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,397 | -€7,499 | +€6,898 | +47.9% |
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 15 October 2026 via checked.be.