F-KARTAL: 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.
F-KARTAL
Largest movements
- Stocks and contracts +€1,840
up €1,840 (+6.5%), from €28,250 to €30,090
- Tangible fixed assets -€1,400
down €1,400 (-33.3%), from €4,200 to €2,800
- Receivables within one year -€700
down €700 (-80.0%), from €875 to €175
of which Other amounts receivable: -€875
- Cash +€646
up €646 (+119%), from €541 to €1,187
mainly Trade debts (+€3,620) and Depreciation (+€1,400)
- Trade debts +€3,620
up €3,620 (+10.8%), from €33,626 to €37,246
- Profit (loss) carried forward -€2,019
down €2,019 (-4.0%), from -€50,130 to -€52,148
- Other debts -€900
down €900 (-2.1%), from €42,309 to €41,410
- Gross operating margin +€19,124
up €19,124, from -€16,404 to €2,720
- Other operating charges +€747
up €747 (+31.2%), from €2,392 to €3,138
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 | €33,866 | €34,567 | +€702 | +2.1% |
| Fixed assets | 21/28 | €4,200 | €2,800 | -€1,400 | -33.3% |
| Tangible fixed assets | 22/27 | €4,200 | €2,800 | -€1,400 | -33.3% |
| Furniture and vehicles | 24 | €4,200 | €2,800 | -€1,400 | -33.3% |
| Current assets | 29/58 | €29,666 | €31,767 | +€2,102 | +7.1% |
| Stocks and contracts in progress | 3 | €28,250 | €30,090 | +€1,840 | +6.5% |
| Stocks | 30/36 | €28,250 | €30,090 | +€1,840 | +6.5% |
| Amounts receivable within one year | 40/41 | €875 | €175 | -€700 | -80.0% |
| Trade receivables | 40 | - | €175 | +€175 | |
| Other amounts receivable | 41 | €875 | - | -€875 | |
| Current investments | 50/53 | - | €103 | +€103 | |
| Cash at bank and in hand | 54/58 | €541 | €1,187 | +€646 | +119% |
| Deferred charges and accrued income | 490/1 | - | €213 | +€213 | |
| Total equity and liabilities | 10/49 | €33,866 | €34,567 | +€702 | +2.1% |
| Equity | 10/15 | -€42,070 | -€44,088 | -€2,019 | -4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,130 | -€52,148 | -€2,019 | -4.0% |
| Amounts payable | 17/49 | €75,935 | €78,656 | +€2,720 | +3.6% |
| Amounts payable within one year | 42/48 | €75,935 | €78,656 | +€2,720 | +3.6% |
| Trade debts | 44 | €33,626 | €37,246 | +€3,620 | +10.8% |
| Suppliers | 440/4 | €33,626 | €37,246 | +€3,620 | +10.8% |
| Other amounts payable | 47/48 | €42,309 | €41,410 | -€900 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,400 | €1,400 | = | 0.0% |
| Other operating charges | 640/8 | €2,392 | €3,138 | +€747 | +31.2% |
| Gross operating margin | 9900 | -€16,404 | €2,720 | +€19,124 | |
| Operating profit (loss) | 9901 | -€20,196 | -€1,818 | +€18,377 | +91.0% |
| Financial charges | 65/66B | €210 | €200 | -€10 | -4.6% |
| Recurring financial charges | 65 | €210 | €200 | -€10 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,406 | -€2,019 | +€18,387 | +90.1% |
| Profit (loss) for the period | 9904 | -€20,406 | -€2,019 | +€18,387 | +90.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,406 | -€2,019 | +€18,387 | +90.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.